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Young Skywalker, don't give into the dark side......
CLOSE HOD would be Nice.....
BTW-I have also been told that they expect either one of the two loans or a pre-purchase to come through before meeting. They are working on all three. In the unlikely event that one of the three doesn't they do have short term lenders that could provide a non-dilutive bridge loan until they get approved.
One thing seems certain and that is that they have not been denied any of the loans at this point unless they are flat out lying which I doubt.
It seems the UPS Capital loan has not gone before its underwriter yet. Its underwriter is the U.S. Import Export bank.
http://www.exim.gov/articles.cfm/Board%20Minute/
Looks like we may be going up.
Media, That is not true it depends upon the security with otcbb stocks. It also may be different from broker to broker for particular stocks. Also trailing stops often can be used on stocks that don't allow a stop loss because it is actually an alert that is triggered and techically not a stop. Just got off the phone with my broker and asked.
Smartmoney
Keep look at my email.
Phrenz what could you possibly expect him to say? 'We got the loans but don't tell anybody since we could go to jail for insider information'. Howard seems to be pretty upfront so I am glad to hear he is optimistic.
Keep, I replied.
OK thanks. When I ask a question it actually is a question and not a statement with a question mark at the end.
I don't think so I think we are sitting about bottom now. A lot of people make those kind of price predictions to try and panic people so they can pick up cheap shares. We may need loan news to move this up but lack of loan news is not the same as no loan IMO.
Couldn't she also be holding? Is there actually a way to tell if she is selling? By using your warrants on an IPO it doesn't mean you are selling.
Aren't all claims to Chassman selling shares false? I asked the company about this and I was told that just because she used her warrants does not mean she is selling those shares. They have no way of knowing if she is holding or selling. At least that is what they said.
No read the article. That article is saying that Pandey and Nigeria think that Nigeria will make 150 million dollars a year from Nicosan. Nigeria gets a 7.5% royalty on sales. That means they think Xechem will make 2 billion a year in revenue on Nicosan alone.
It also says that Nigeria will stock every Pharmacy in the country with Nicosan in 9 months or basically factory completion. That implies a large pre-purchase.
Based on this I feel they should get the loan. It seems in everyones interest. This is not a PR it is a Nigerian news feature.
August 3rd article
Excerpts.
http://www.tribune.com.ng/03082006/features.html
'According to Dr. Ramesh Pandev, the Chairman of XECHEM, it is expected to earn the country about 150 million dollars per annum in foreign exchange earnings.'
'Government in partnering with XECHEM, a private sector pharmaceutical company, will ensure that the NICOSAN drug is made available to all pharmaceutical stores in the next nine months. Meanwhile 30, 000 capsules have been produced in SHESTCO Abuja in XECHEM Laboratory to cater for the needs of those who are in need of the treatment, particularly those who have registered with XECHEM.'
BBC - Skillswise - Glossary
foreign exchange earnings. A term for the money that a country earns by selling
things to ... Example:The USA has a high level of foreign exchange earnings. ...
www.bbc.co.uk
Yes but on a Hawaii cruise.....
Yeah but that article says every pharmacy in Nigeria will be stocked with Nicosan within a year. That does imply a big pre-purchase.
That means that Nigeria and Pandey expect 2 billion a year in revenue doesn't it? 150 million is 7.5% of 2 billion. This isn't a press release it is a news article.
Sent you an email.
Do you know the answer to the royalty question? Because that will clearly show what Pandey and the Nigerian government expect XKEM's income to be. Unless I am missing something here...
I'd ask if you knew how many pharmacies there were in Nigeria to figure out the pre-purchase but that would be pushing it.
Am I missing something here? This article is old but doesn't it say that Nigeria is expected to make 150 million dollars a year from Nicosan? Where does that put XKEM's earnings at? Does anyone know what the royalty is?
It also says that the government will ensure every pharmacy is stocked with Nicosan implying a big pre-purchase in my mind.
Excerpts.
http://www.tribune.com.ng/03082006/features.html
'According to Dr. Ramesh Pandev, the Chairman of XECHEM, it is expected to earn the country about 150 million dollars per annum in foreign exchange earnings.'
'Government in partnering with XECHEM, a private sector pharmaceutical company, will ensure that the NICOSAN drug is made available to all pharmaceutical stores in the next nine months. Meanwhile 30, 000 capsules have been produced in SHESTCO Abuja in XECHEM Laboratory to cater for the needs of those who are in need of the treatment, particularly those who have registered with XECHEM.'
BBC - Skillswise - Glossary
foreign exchange earnings. A term for the money that a country earns by selling
things to ... Example:The USA has a high level of foreign exchange earnings. ...
www.bbc.co.uk
Just pointing out that he changes his mind quite a lot. If you are asking a serious question look at his post history.
Posted by: analitic
In reply to: analitic who wrote msg# 50231 Date:9/25/2006 9:51:51 PM
Post #of 52460
BIG BUY ALERT HERE !!!!!! GO Xkem !!!!!! 0.10 !!!!!
Yep and I think anyone selling today did so because they put too much weight into Pandey's speaking skills and not the fact that Nicosan was well received at the conference. And they should be about done by now IMO.
OT: That is sad. I stopped watching the news a couple years ago, way to negative for me. Seems like a vicious cycle, the media warps minds, then reports on the activity, then warps some more minds and acts innocent all the while. It is shocking that it is an Amish school.
TenD
Good points about patience but I do think a 5 or 10 bagger is possible on loan news before it settles into a new range especially since it has been delayed so long. I wouldn't complain with a double or triple either.
Also online buying restrictions are designed to slow down buying and are for either covering or accumulation.
I also think a lot of the people expressing concerns are very patient and are just trying to beat down the price so they can grab more.
Just my 2.8 cents worth....
Smartmoney
OT- I guess that's what it will look like here when loan news hits...
OT: AWYB Jab thanks again for the tip! I was going to get 10 grand but I didn't want to sell any XKEM so I only got 1700 worth. Looks like $5.00 in a week if this keeps up!
Smartmoney
I expect them to get the loans.
Big
I just called and Becker is out of the office today because it is a Jewish holiday. Burg, I spoke to last week, but I find him to be too tight lipped and or out of the loop among other things. Basically Burg said we are still waiting for the underwriters approval. Becker said two weeks ago that an issue with cross collateralization existed between banks (ie. 1st, 2nd position)but that it was now resolved. I took that as a good sign because it means they are still processing the loan.
Smartmoney
Light you have one of your charts with TA today or are you on vacation?...J/K
Nicosan was well received by the chairman of SCDAA and the audience but that would be a fluff PR especially since our main market is Nigeria right now. I don't think it would hurt PPS though.
Seems to have recovered from the morning sell off. Moving up on low volume close green IMO.
I just left a message and won't be calling again for a couple hours so go ahead.
Ask at .0295 now.
Looks like a couple people that care about Pandey's public speaking skills sold thier position to people that were glad Nicosan was well received at the conference. My guess we close green today.
Vexer
If you are privy to insider information about dilution please share. An A/S increase is not dilution. It does not mean the shares will be issued. I am exited about possible financing and or pre-purchase news though.
Smartmoney
This must mean Japanese money is coming in from overseas...J/K
Thanks guys.
How accurate is Southendstockpickers? Do you know what they picked XKEM to go to on the last run?
I got your email from 9/29 did you send another one?