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What pr? No I did not...but anyway...they don't need any option if the price is at or above 15 already. Right? I am not trying to be hard to get along with here, just trying to figure out something that does not make much sense.
Who is retarded? If the dang closing price was ABOVE 15 why the heck would they want to LOWER it? Talk about retarded.......
where the heck are you getting that from? The July 11 filing to the sec says
In the event that the Actual Average Closing Price is LESS than $15.00...I copied and pasted it in my previous post. Has that been officially modified somewhere that I am not aware of?
I see no options for ABOVE 15
says LESS than 15$...can you read?
will someone tell me why they will not choose option a ?
In the event that the Actual Average Closing Price is less than $15.00, the Surviving Holdings Company shall deliver written notice to the Company no later than the second (2 nd ) Business Day preceding the Closing Date pursuant to which the Surviving Holdings Company shall elect, in its sole discretion, to: (a) maintain the Average Closing Price at a price equal to the Actual Average Closing Price; (b) set the Average Closing Price at $15.00 and pay the holders of Company Shares receiving shares of Buyer's Stock as Merger Consideration (after giving effect to the allocation procedures set forth in Section 2.4 ) an amount in cash equal to $15.00 minus the Actual Average Closing Price per share of Buyer's Stock to be received by such holders of Company Shares; or (c) set the Average Closing Price at $15.00 and pay no additional consideration to the holders of Company Shares receiving shares of Buyer's Stock as Merger Consideration (after giving effect to the allocation procedures set forth in Section 2.4 ). In the event that the Buyer elects option (c) described above, the Company may terminate this Agreement by providing the Buyer written notice of termination no later than one (1) Business Day prior to the Closing Date
I hope he is
People...I can't believe you are still quibbling over approval...it has been approved over a month now...maybe on Wednesday you will finally get it.
Loan agreement stated many requirements before loan would be approved, and actual dispersement of funds to Xechem:
B. Regulatory and Building Approvals
1. Evidence, satisfactory to NEXIM, of all necessary regulatory approvals by the relevant Government Agencies, NAFDAC and FCDA/Sheda Science and Technology Complex.
2. Submission of all copies of approvals for the new facility buildings and bills of quantities as well as contract details and selected builders.
http://www.sec.gov/Archives/edgar/data/919611/000114420406023255/v044663_ex10-1.htm Page 18
Funds were dispersed:
http://biz.yahoo.com/bw/060601/20060601005156.html?.v=1
Unless PR is untrue, or NEXIM violated their own agreement, it was approved on or before June 1 Pretty clear to me, but hey, believe what you will. I rely on facts, you can rely on a Crystal Ball if you want, just stop the dissention please.
txprincess...Outstanding
maddogs...absolutely...I would have no problem believing that he was the cause of NEXIM putting the disclosure clause in their contract with Xechem, effectively preventing Xechem from releasing information before he was ready to do it himself. He wants credit for this, as he should. He has been publicly behind this for a long time...nice little legacy to spearhead a cure for 4-5M of his long suffering people...n'est pas?
txprincess...The drug is already approved...just waiting for the announcement, and if anyone knows a better way than for the president of the country to announce it at the launch of the factory, I'm all ears.
janniebgood...you will be happy next week...also, 2+2 always =4 in this reality...you just have to be sure of your 2's
BigD...LOL...get on to em! I will be more than happy to hold a bag next week...wish I was holding two...
janniebgood...I know...It is the actual dispersal of the money from the bank to Xechem that is contingent on that Direct Lending Facility Agreement...however, according to the press release from July 1, the loan(promissory note) was successfully closed on, and the money RECEIVED by Xechem. Would you not agree that in order for that to be so that the requirements stated in the Direct Lending Facility Agreement had in fact been previously met?
http://biz.yahoo.com/bw/060601/20060601005156.html?.v=1
Phat...HAHAHAHAHA...The claim that your IQ is in my range is ludicrous...if you can't understand what the statements I made mean, then you have no business commenting on them...this is a BB and does not require correct sentence structure in the first place, hence the...you probably won't get that either, and since your IQ is actually just above that of a plant, ther is no such word as un-legible...HAHAHAHA...and even if you had used the word illegible, it would not have been used correctly. If you came to match wits with me, you came totally unprepared!
Thanks Braden....glad to see a brain in motion....and for those who think "hype" , as some call positive information, real or imagined, and "bashing", negative information, real or imagined, doesn't affect prices...GET A CLUE...If anyone here thinks ANYTHING other than those affect the price of a stock, please feel free to tell me what you think it is...
Free...I was saying I already know about Xechem...the majority of the world does not, but many more will on the 6th, and unless they say the factory exploded, or the drug doesn't exist, it really doesn't matter what they choose to disclose.
Phat...why else would someone put money in a stock if not because it was "hot right now"? And by the way, just how much help is knowing all there is to know about MM's going to be for you? 0,NONE,NADA,ZILCH....And another thing...if you have the nicest, biggest, safest, prettiest basket in town to carry your eggs around in, why would you take them out just to put them in an old, ugly, ratty one with holes in it just to watch them get lost or destroyed on the way to sell? Sounds like Knucklehead talk to me.
Free...I am not waiting for a PR...I don't need one...I am waiting to see how many people actually swallow Nicosan pills in July.....
Braden...I guess there are just some that don't get it...maybe they will when they look at their accounts at 4pm on the 6th....JMO
Free_...I first posted this about 8 hrs. before markets here opened a week ago Thurs. and look what happened that day and Fri. If they don't announce it on the 6th there probably will be a major sell-off. But in my opinion, they will announce it along with the ground breaking of the expansion.
Braden...did anyone read my post?
The_Free_Nebula...I think the drug is already approved,and expansion is immenent if not already underway, and that these announcements will come on the 6th...In reading the SEC filing of the 1.2M loan this is what I discovered...What do you think this means?
B. Regulatory and Building Approvals
1. Evidence, satisfactory to NEXIM, of all necessary regulatory approvals by the relevant Government Agencies, NAFDAC and FCDA/Sheda Science and Technology Complex.
2. Submission of all copies of approvals for the new facility buildings and bills of quantities as well as contract details and selected builders.
http://www.sec.gov/Archives/edgar/data/919611/000114420406023255/v044663_ex10-1.htm bottom of page 18
Glad whatever I missed yesterday is gone...When I got here a little while ago it looked like an instant replay of last Fr. to Mon. No biggie...hang on for the ride all...later
Soft...That's just about the biggest bunch of hog-wash I have ever read...maybe aliens do exist...the only way you could possibly be from earth is by mutation
Valis...5 billion....chicken feed....They will fly by that before years end...2-3yrs. after announcing cure for Malaria and buying Bristol Meyers for spite they will top 100 Billion
If ya gonna dream, dream big...if not for dreamers you wouldn't have a computer to be posting that on...sleep on it...gone.................
ruterstock...no cheap shares tomorrow...closes @.15+ on 5th, .45+ on 6th, .85+ on 7th...I will sell 25% @ 1.45 on 12th...leave for 3mth vacation...on return sell 50% @ 4.65...leave the remaining 25% in will. Wow...I think I just nodded off and had this terrific dream. I think I will go back to sleep...I sure enjoyed that one, Ha......see you all at the bell.......
madmax6...someone prob. sent mod a complaint and he checked
madmax6...get 'em...banning seems to work...who's next?
score is banned
Phat...reminds me when my teenage boys opened fighters.net - a website about video games. It became so popular that when they started getting a million hits a day the SERVER crashed. They changed servers 3 times in as many months. Sometimes it's not the ammount of bandwith that is purchased, but the capacity of the server. I wouldn't jump to conclusions on this until I knew more if I was you.
oilstrike....Think on this...where is the highest concentration, and probable origin of the cause, of SCD? Nigeria Where do the plants grow that cure it? Nigeria
Connection? And what could that imply about other diseases? Eureka!
I bet I won't sleep from the 5th through the 7th...their timing could not be any better...independence day her...sickle cell awarness britain...them BAM...we got's da drug--come an' get it!
bigdaddy...they are too busy bothering what few so called friends they think they have trying to "borrow" money so they can buy in the AM...LOL
bohogirl...I couldn't have said it better
bohogirl...Yes I agree with ya...It's just that there have been some here who have said that all you gotta do is put in an order an get it...maybe a couple weeks ago, but it is getting tougher and tougher now...when institutions start consuming 60% you better be ready to put in some really big money orders or be set aside...and Yes. I have looked at my accounts totals until the colors are running together!
Since intellect is inherited Obiviously my mother was smarter than yours
itsmikie...sorry for your losses...I wouldn't mind laughing myself to death, and if I don't get off this computer I just might....see you guys laaaaaaaater........................