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I don't think revenue#s tells you anything at the moment. Much is being disguised as Pandey/Swift play cat and mouse. You want Swift to hold a shareholder meeting to get to the real story behind the (lack of) numbers.
Its evident Swift is driving this company into bankruptcy in the hope of shedding its liabilities. Not sure what our recourse is as s/hs?
I fear you're right on the money with your summary of the situation.
Has XKEM gone belly up or is it just a rumor? anyone know the cash position of the company? sales numbers, if any?
With all due respect drifter, and really no offense, but your support of the current regime is a little problematic for me. The role of the board is to call it like it is. Talk to a good IR person and ask him for guidance on how they should communicate. It is a delicate task but it can be done. We have yet another CEO who thinks he's a little above God... and believes zip communication is all the s/h deserves - perhaps because he's considered ch11 several times and doesn't want to contradict himself while planning to shaft us at the same time.
This amongst other things, deserves a PR. Sadly Swift is out of his league. This company has already suffered one scientist wannabee CEO and now we have another scientist/hedge fund manager wannabe CEO. It's going to be a bumpy ride watching the paint dry as these anal twits go through their on-the-job-training at our expense with no checks and balances to provide oversight. They simply don't get what it takes a build a start up. Buoyant and continuous communication is number one and while I understand the legal issues, every start up has the same challenges. No excuse. Swift is treating S/Hs like shit and the message should be sent loud and clear.
I heard there was an analyst report pending or out that confirms the fundamentals - didn't catch the name of the analyst - and, I'm not here pumping but just wondering if anyone came across the report.
Someone sent me greetings for the hols, and I want to pass it on to the board.
wish you Health...So you may enjoy each day in comfort.
wish you Wealth…..So you may change the world to a better place.
wish you Wisdom to choose priorities...For those things that really matter in life.
wish you Happiness and Joy...And Blessings for the New Year.
wish you the best of everything...That you so well deserve.
HAPPY HOLIDAYS!!!! Don't sweat the little things in life.
Look at the payroll. Swift is running the company. Period. Dumb speculation based on squat.
Pandey in court - this month. Many things simply don't addup so let's see what his public (albeit heavily legalized) statement will be in the Indian courts. If this was just about greed as some have stated on this board, why not just execute the XKEM plan and make zillions as he would have with even single digit share in the company. Red (black) tape in getting approval in Nigeria perhaps? or were the Nigerians trying to squeeze him out anyway. perhaps he felt this was his last chance of making some money whether the company succeeded or failed and wanted to mitigate his risk either way. Pure spec on my part. But his testimony in court should be interesting none the less.
whats the lbox?
perfect assessment of where we are - I agree
It was all based on some whispers that had to be confirmed to be true. Whispers came out, spikes led by speculators, nothing else happened to confirm the whispers, the irrational exubberence died away.
Bet with hard evidence, donot listen to pumpers on this board who belong on the crap table.
yes - last month
It means "Coming into the deal, he was a placement agent for a RAISE: period" what so difficult to fathom.
You shouldn't have sold at that price.
If you want to speculate, get high on photoz and whispers of workers working. Wait for some reliable data especially as it pertains to a pre-paid or guaranteed order from the government -- which will come when quality assurance in production is assured - then the stock will bounce else it will plod along on these whispers of this and whispers of that.. No one who knows how drugs are produced can relia
After 4 months of gagging everyone very successfully, Barb blurts out some material information. Give me a break.
no - but litigation costs are a factor in this case.
duh . .last time I looked the fee for a US law suit was 100x that of Indian law suit. I would like funds to be spent on getting the qa done and production ready for volume not lining US lawyer pockets.
Thats the rumor that dropped the pps like a rock. If that cloud has indeed lifted then this will get back to .02 IMHO
what is the latest on the company going private .. anybody, anybody?
If 4. is true, we've going to bounce back to 2c before year end. On a 2-day run, I would speculate that (good) news has intentionally or unintentionally leaked out...and, obviously it must be good news.
Has anybody heard any thing factual that came out in the last 12 hours. If not, the board should mark this turning point with caution. Enough blood (green) has been spilled so far.
irrational exuberrence. .Stupid money following stupid money - be careful. the board should err on caution to all those listening in, not blind faith . . when there is a PR blanket over this company and a CEO who has not communicated anything to the public since taking over/
we should accept the fact that when any company goes through restructuring triggered by (professed) fraudulent actions by the CEO, it will take a bloody nosedive - - we can only guess at the outcome, but the lack of info is actually quite deliberate and understandable since they are in deep financial trouble unless they can shed their creditors - and, we all know how they can shed their creditors
At best Basu can be criticized for not having better information to guide his investors at the outset. But, things changed. The CEO was not transparent with his actions, in fact criminal in his actions, and we the s/h's are now paying a high price for allowing ourselves to believe a scientist could lead a public company in an ethical manner. Greed and ego have turned this hot opportunity into a hot potato and now we can only hope that there is something ethical about the current team to reward the s/h's. At present, it does look like we will loose our shirts. . . even if the fundamentals are sound. It is not about due diligence any more but financial management and the choices before management are few. If anyone has a direct dialog with management, then speak up - everything else is pure supposition and worse, leads to speculation by s/hs who may think we have reached a bottom. You all owe it to this board to speak factually now more than ever.
suspect they have forced the pps to become zero - effectively, so that the company has no net worth to be chased by creditors. They then file C11 to brush off their debt and off they go to a running start with sales contracts in their hands.
why wouldn't the company fold, jettison the s/hs and start fresh
The board should be discussing protection for common shareholders, now. Whoever is commenting otherwise is not being very useful.
what are the options for s/h if swift files c11 - suck air, right?