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Glad to see emotion is being left out of the equation. (lol)
Jking thanks for your thoughts, and I agree.
May help preferred share issue:-
preferred stock
Definition
Capital stock which provides a specific dividend that is paid before any dividends are paid to common stock holders, and which takes precedence over common stock in the event of a liquidation. Like common stock, preferred stocks represent partial ownership in a company, although preferred stock shareholders do not enjoy any of the voting rights of common stockholders. Also unlike common stock, a preferred stock pays a fixed dividend that does not fluctuate, although the company does not have to pay this dividend if it lacks the financial ability to do so. The main benefit to owning preferred stock is that the investor has a greater claim on the company’s assets than common stockholders. Preferred shareholders always receive their dividends first and, in the event the company goes bankrupt, preferred shareholders are paid off before common stockholders. In general, there are four different types of preferred stock: cumulative preferred, non-cumulative, participating, and convertible. also called preference shares.
As I understand it prefereed stock dividend doesn't fluctuate like a common stock dividend can, but either way if the company doesn't think its financially viable they don't have to pay it.
Now that every one has calmed down after yesterday, there is only one question to be answered, is the O/S going to be increased (and it's hard to see that it isn't) however it's the severity of the O/S increase and the effect it has on the EPS that will determine what happens in the medium term. New contracts, positive A/F's and the web portal will see CKYS through the 'dark times' hopefully.
Technically, the short term downtrend channel has been penetrated negatively on high volume and the finish on 018 is the lower end of the short term trend channel thus turning the support level into the resistance level. Have no idea where it's going to finish.
BigD'S info on the 8K said 4 working days, so it may not arrive until Monday.
The CKYS board has the 3B A/S documented on 18 Dec 06 but I don't see any official news about it on either the web site or anywhere else.
The company can't increase the A/S without shareholder approval! A/S is still 1B
Tampa - as the 6 monthly unaudited revenues were reported on the 28 july 06 for the period up to 30 June 06 we can expect the full fiscal year to end on 31 dec 06. Usually (for audited financials) the 10k would be required to be filed between 45 and 75 days after the end of the fiscal year. If A/Fs are going to be filed then they could be filed mid feb 07 at the earliest or the third week of march 07 at the latest!
XKEM in the last 5 trading days has risen 25% on good volume and with a positive pr about the loans within the next 4 trading days the pps will continue to rise on good volume and set xkem up for the long slow road up to production capacity from the new facility. Percentage wise, the gains to be made from xkem this year (and 08/09)are a no brainer! (subject to everything planned coming to fruition) IMHO
Jo Chef, You are absolutely correct to delete BS like this, I was especially heartened to see you and others discredit the post before deleting it, as initially deleting it out of hand would have been wrong. Your (the moderators) attitude is a breath of fresh air and is to be commended.
This can only be construed as good news. XKEM is obviously one of the 3 best deals brokered by the the NIPC!
I was under the misapprehension that construction had stopped due to money being tight and that's why the confirmation of loans to xkem would be such good news, because construction could begin again. Have I missed something??
Happy new year to you all! Brady I don't want to spoil your new year but I think that $1 is way in the future (2008/9). I believe that even with the factory built we will be sub 50 cents until 5-HMF FDA trials and a share buyback plan is completed. Strong revenues at the end of 2007 may begin to move the pps towards the $1 area and beyond. JMO
Everyone have a healthy, wealthy 2007!
Happy new year to everyone! Gaswas - I've been looking at the short term trading range (since dec 15) and it seeems to me that we need to break out of the channel above 022 before looking for 025. I agree though that we could visit 016 again if the channel remains in place, however the january effect could lift this a few days and then there is the possibility of A/F's which should show strong growth over the last 3 years. I guess I'm saying that I'm not sure which way this is going short term and so I'm waiting for a consolidated entry point above 022.
GLTYA in your trading for 2007!
The last time I heard a portugese company was taking over a biotech company was when it was rumoured on the GNTA board last year and it proved to be a scam, I would suggest caution in buying on the takeover rumour. GLTY!
Just popped in to see how we are doing after xmas break and very happy with the way everything is panning out with XKEM.
Hope you all had a merry xmas and let's hope we have a prosperous 2007 portfolio. GLTYA!!!!!!!!!!!!!!!
Hi Surf happy new year to you. Looks like exciting times here but expecting some pull back after new year as although it's advanced on good solid news I would expect profit taking and short selling to start soon! GLTY
The last time I tried it, I got short change, no sense in repeatedly banging your head against a brick wall. At the end of the day this is just a board, ie nothing serious!
Makes sense!
further to my last post the FDA could give Zadoxin fast track status which means 6 months after the phase 3 trial begins there could be an ODAC so timelines could be brought forward to the end of 07 and the beginning of 08? The stock is rocketing this morning. Good call Surf!
Now that was funny!
I got burned badly with GNTA but if zadaxin is less toxic than genasense and reaches it's primary endpoint (which may be overall survival benefit) then this has got a good chance of approval at ODAC and then $10 is a definite possibility.
For speculating terms I suppose Phase 3 trials could be started by 2nd quarter next year and then we could be looking at ODAC 2008 sometime if the phase 3 trials look good!
GLTY
Amen to that!
Semper Fi!
Good morning everyone, have done no dd but just saw news on MM and decided to visit. This just could be my stock of 2007!
Short term descending wedge pattern. Reversal possible!
Good morning transam.
FWIW I think all the talk about due PR's is premature, I reckon that the funds will be PR confirmed after the new year but initially the 'big' move up will be restricted because of the high O/S. I myself am looking forward to the 5-HMF FDA trials beginning as I think that will be something that will move the pps significantly. Other news I'm looking forward to is the facility being finished, 2007 sales, possible share buy back and A/F's possibly sometime in 08 if Ireti can keep his finger on the proverbial.
Merry xmas to you and everyone involved with xkem!
Rattling just got filled @ 0217!
Rattling - 250,000 'all or none' @ the ask and still waiting!
I've had an order in since it dropped to 0.0205 @0.0215 and it's nothing doing!
Nice one. Maybe we can keep a civil board now, whatever ones opinion is!
Red cloud you show your true colours
I don't have a negative spin on reality, I am a positive person who happens to be a shareholder in CKYS and as such am entitled to an opinion just like everyone else on this board.
BigD I'm sorry but the PR I looked at says ''assuming procurement of loans'' unless there's another PR out that I haven't seen it definitely does not say loans are 'done'. If I'm wrong I will apologise!
If the finance is available I think the FDA trials will be a real catalyst for the pps!
Cheers for that. I was just thrown that Ronnie thinks that europe doesn't exchange gifts on christmas day (25th Dec)?
Way, I have friends working in Abuja who trying to some DD for me at the moment and as with every board I frequent, my strategy is not determined by board talk. GLTY
The loan situation must be sorted because I can't believe that they would release this PR without finance in place, unless they're touting for a benefactor. Either way it can only be construed as positive news!
gtell66, it makes a refreshing change to meet someone who doesn't just post about their 'massive' profits. I sincerely hope that xmas comes early and 2007 is a prosperous year for you.
Many thanks Brent!