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What's funniest of all is that you can't understand a simple point. But you keep on laughing, while they prepare to add to the authorized (they said it not me) and then add millions and millions of shares to this already suffering stock. OK?
Stating another fact, so call me a basher again. Now how about stating what is a positive about them adding to their authorized again?
Better yet, explain why they continue to keep a losing venture like Xetapharm? They make a $1000 a quarter with this division and probably spend a million. How is that good business sense? How long are they going to keep feeding it and losing it without any kind of gameplan to stop the bleeding?
Just asking. Isn't that what you want? Questions about the future. What future do they show in Xetapharm? HUH?
Duh jabber. For services, products, office supplies, electric bills EVERYTHING.
THEY HAVE 0 MONEY! Read the 10Q. They would rather do everything with shares than use cash! Their words!!!
"As of June 30, 2006, the
potentially dilutive securities totaled approximately 2.152 billion shares of
common stock, which exceeds the authorized number of common shares of 1.950
billion. A shareholders meeting is planned in October 2006 and approval will be
sought to increase the authorized number of common shares."
Their words and mine just days ago which you continually chastized me for is they they will be adding to the authorized or doing a reverse split.
Ok, they don't look like they are going to do a r/s. It looks like they may add another billion or more shares. Either way, in the short term, this will now go down. Yes, a prediction. Not bashing, stating facts for the most part!!! Longterm, we should all be ok if they get the plant going with the loan they are still trying to get.
It was to make a point. They aren't bashing and neither was I. Nothing more, nothing less. Geez, some of you are really so lopsided in love with this you refuse to see the signs an inch in front of you.
Careful, they'll call you a basher for that. I've said this all along. Either add to the AS or split. They don't have another option. But I'm just bashing and don't know what I'm talking about, so you must be stooooopid too!
This from their 10Q and you question me about my concern. While I am concerned about this company and their ability, they are also as concerned. In their own words:
As a
result of our net losses through December 31, 2005 and accumulated deficit since
inception, our auditors, in their report on our financial statements for the
year ended December 31, 2005, included an explanatory paragraph indicating there
is substantial doubt about our ability to continue as a going concern. This
condition has not changed as of June 30, 2006.
So are they bashers? These are their words not mine!
jabber, I never said I wanted to discuss it. You brought it up. I was just responding to the fact that you said the company's stance was there was not going to be one. If you believe what they tell you without proof, that's fine. Your choice completely.
Please don't make it look like I brought this up when I was not asking to discuss it in the first place.
jabber, I never said there was going to be a r/s. Anyone with an ounce of common sense knows there could be. Why would you think it is such an impossibility?
Having never said it would happen, I am hopeful that it won't. I don't know how many times I have to tell some of you that I want this company to do well, yet you focus on my being a basher when that is not the case. I am realistic enough to believe that something can happen that we might not like. That's it. I am not 100% convinced that this is going to climb, climb, climb. I hope it does, but the opposite reality is there also. That is all I'm saying. No, I do not want this to continue to fall and I hope this is a solid base and we move up form here. How many of you have stated thisis the pennies where anything can happen? Nothing special about XKEM to be excluded from that idea.
Hoping, believing, wishing and refuting everything else won't make a difference on where this is headed. Like BooDog said on my site yesterday, It is what It is.
I am nobody here and whatever I say seems to be contrued as bashing, but whatever I say will have no impact on the outcome of this stock, so why worry so much about me and my words? Do you really think I can change anything? Is this the fear of so many here? I'm nodoby, just like the rest of you here. Just trying to discuss something I have an interest in.
You're not alone. If you notice they are jumping me for saying there was going to be a r/s and I was not the one that mentioned it today. jabbermouth said the company stated there was not going to be one and then he can't back it up. THAT IS PUMPING!!!
It's alright, I enjoy calling them. They have nothing factual to offer and continue to make themselves look stupid to everyone but each other.
If you want an unbiased XKEM board, go to http://www.pennyhelper.com/cgi-bin/forum/Blah.pl?b-underdime/ and see what you think.
"didnt even bother reading your long winded post other than the beginning......try to make them more concise.....unless you really have something worth reading.....call Steve for yourself and ask him the company position on R/S.....see what he says.....or call pandey or anyone in mgmt....and tell me what they say .....If they are telling everyone who calls that their position is no R/S then I would say that is the companies position....would you??"
Not a snow ball's chance would I take their word for it. If that is really their take and they mean what they say, why don't they put it in a pr? Of course a paid pumper doesn't want to spend time seeing the truth. It hurts, huh?
What they say and what they do are very often 2 diffeent things. For those that can read more than 2 or 3 lines and have comprehension ability can read their SEC filings and see for themselves. I don't expect anyone to take my word for anything and I sure don't expect them to take someone in Xechem's management's word for anything either.
drifter - get a life and stop with the same questions will you? When was the last time I said anything about their pr? You post this same lame stuff on a daily basis and I haven't even mentioned anything about it. Talk about living in the past!!!
Care to state what issue I have gone over and over with? Perhaps before you say something to me, you might want to go back and read what I posted.
Thanks for the helpful advice. If I want to call Steve I will. Is that the 2nd or 3rd time you've asked me to do that?
What bashing have I done???
I asked a simple question about the company saying they won't reverse split and you come back with "The company has taken the position of no R/S". Please give me one statement in writing form them. Where did you get that? Because I don't believe you and you have nothing to substantiate your claim, I am a basher?
What difference does it make about when I started posting and what does that have to do with this companies history?
Again, explain your pumper statement about them saying no reverse split. And, show me where I am a basher just because I state facts.
"you just all the sudden show up and expect people to listen to your long winded meaningless basher posts?"
Seems to me like only the pumpers have a problem with anything I have posted. And even more, you are the only one who seems to give it so much credibility by always responding. What is it you are so worried about? Are you worried I will get someone to put doubt to your pumping nonsense.
Did you even read the first post I did today? Obviously not if you think I was bashing. I defended XKEM when inv. said they were paying pumper sites. Again, how is that bashing??????
See if you are capable of answering my questions before attacking.
You are a funny one. Want me to points out the bs in your post?
They are the ones who handed out shares like candy and they caused the dilution. No one could be diluting if they didn't have 2 billions shares out there and continually paid many salaries with shares.
Where have they stated no reverse split? I could care less if anyone sells off. I'm not buying them, so explain why I want anyone to sell?
How is stating facts bashing?????????????? Why is it when anyone says anything factual they are bashing. Do you know what bashing is? I have not been bashing. I have stated facts or my opinoin only. There was just a guy who posted this was going to be .30 or some outrageous claim. Why are you not jumping him por pumping? Of course you won't say anything there. You want nothing but pumpers here. You don't want real facts, because it messes with YOUR AGENDA to pump this up. Maybe more of us are tired of all the pipe dreams you and a few others keep shoving down out throat.
You get it wrong more than right here. I am not in the least bit upset. I just want those who aren't posting and trying to make up their mind whether or not to get in that there are 2 sides to this and so far they have proven nothing that will ever cause this to go to .30 or more. It might happen, but stating it will is PUMPING!
They had to pay off those loans from the BM settlement. They were past due in paying those debts. Duh, of course they used that money to pay, they didn't have a dime before that. Call Steve and ask one question and see what he tells you when he stops laughing. Ask him how much money they have.
So try spending less effort calling me a basher when I am not and start calling the pumpers what they are.
Jabber - the only thing you do is hammer anyone who doesn't subscribe to your theoretical nonsense that what a company has done in the past in no longer relevant. If you never considered the past mistakes and shareholder screw jobs companies have done, then you have done nothing but lose money. So take your 1000 shares and feed this nonsense to all your pumper friends.
XKEM may not be paying the pumper sites. If they have an investment, they will pump without compensation form the company. I would like to see something in their disclaimer that specifically states they were compensated by cash or shares before believing that. I did think this at first when I saw it last week, but XKEM may not have actually paid them.
Lyte - They also did a 75 for 1 reverse split before the 3000 for 1 reverse split. But we don't want to mention that since it is the past and while we're supposed to do dd, we're not supposed to consider what they did. That was the past and now that a few on here have shares, they don't want it mentioned ever again!
So we can't have a differing opinion from you even if facts are listed? We're supposed to go because poor little whiteshadow don't like it? Who's crying now?
Who cares who you talk to? Why would we believe you even had a conversation? Ok, I could say I talked to a guy that brokers stocks and he said they were going to do a 100 for 1 split. Because I say it doesn't make it so.
Because we don't cater to your line of thought doesn't mean we should leave. If you can't handle facts, perhaps you need to run on somewhere else.
Yes, they made an evil and a horrible deal and will not be forgotten. They CHEATED shareholders out of a lot of money. They knew exactly what they were doing.
You might be better off buying some PFNC or something.
Sorry lyte, I don't know for sure about the timeframe for the lease on Nicosan. I have seen or read somewhere that it was for 2 years, but I haven't seen anything definate or concrete enough to say that this is a definate period.
I would hate to think they are investing millios into a building and all the plans they claim to make for a drug they may only make for 2 years. That would seem very irresponsible to me but then look who we're talking about. They've kept Xetapharm around for many years and it has cost many millions of dollares to keep that losing venture, yet they have it year after year. They've spent millions on it and have neverr made more than $1,000. in any year. Thisis one of those lack of business traits I have mentioned and been blasted for.
Why have a side company that loses millions a year> Why not dump a losing venture and out those funds into this Nicosan venture instead. How much labor and expense are they spending to make tht $1,000 a year? And people wonder why I question stuff!!!
I will try to find out about the timeframe on the lease and post when (if) I find out.
I have asked and answered your questions.
The comment you quote was right after they added 60billion shares. It is like you to take things out of context. It was a scam on the shareholders at that time. WHat part of that is so hard for you to accept. If Monday morning they said they were doing a 500 for 1 reverse split, would you be pissed off? Yes you would. At least most of us would. It was a scam on the shareholders at that time and it was a con job on them too. Many lost many thousands of dollars because of poor management and bad timing.
Yes, I said it was one of the most dishonest things they have done. Why, do you know of something they did that was more dishonest? What's your point to asking this over and over and what are you trying to prove by it? Did you think you couldn't make your point the first 3 or 4 times?
Time to find some else to harass, because you won't convince me that something bad can't happen here. I hope it doesn't, but it could. That is all I am trying to make some people see.
I will not address this same question a 5th time. Ask away, but you'll get no response.
Tina - In case you haven't figured it out, they don't understand the difference between facts and bashing. If we aren't here to say were gonna make a fortune because Pandey is doing whatever he claims he's doing and they suck it up like a baby on his mama's ... we're just out right bashers. If being in the real world and not having high expectations means I'm a basher, then so be it. So far, they have reported nothing to the SEC that indicates they are going to make a profit. That's a fact people. Everything you hear is a definate possibility, but nothing is concrete. Their pr numbers don't mean a thing as they were all guestimations. They gave no hard facts in that last pr. So act like an adult, got off Pandy's nipple and learn to read facts without the rose colored glasses.
That's all I am doing. I have yet to say this company was going down the tubes, nor have I said sell before you lose your money. I haven't even said I disagree with what they are doing right now. As a realist, I don't know much. I don't know any more than they are allowing us to know and neither do you.
Arrow335, it is obvios you can read, you just can't comprehend what it is you're reading. The line you are quoting is from their creating 60 billion shares in Nov and in June doing a 3000 for 1 revers split. It was an obvious con job on the shareholders at that time. That, my nimble idiot is not bashing, it is fact!
Was that the question you've asked 3 times? Or is it the other question you ask, "When was the last time you spent 6 years of you life trying to bring a drug to market?" If this is the question you want answered, I don't have a clue what this has to do with Xechem. Since they didn't even develop this drug and all they have on it is the right to manufacture and distribute, what exactly do you really want to know? Before you try to chastize me, how about learning something about the company you are claiming I am bashing.
Try reading a little more of the posts I put out there and instead of trying to take a comment out of context to make yourself look better, try to comprehend more than 10 or 12 words at once.
Cowboybaby - Who the hell are you to call me a basher. Name one thing I've done to bash this stock. And no, dumbass, I am not looking for the pps to go lower so I can get more shares. You don't know me and acting like you know what I am doing proves you are a complete idiot. Much like your post proves it.
fatbacker, all said is well and good, but you must not have read my post correctly. I was not stating that they should fund their entire construction through higher prices. None of us could stand to wait that long for the profits to finally come in and the pps to rise.
They stated that beyond the building there would be other costs involved totaling around 15 million including the building. My suggestion was to increase the cost to offset some of these additional expenses. I have no problem with them borrowing the money for anything they do, but realistic business sense would dictate a high demand and limited supply. Look at the prices of drugs that originally come to market after they have spent many millions in r&d. (By the way, this company spent nothing in research and developemnt - they only purchased the rights to manufacture and distribute from the Nigerians so that whole bit about all they have spent on r & d is a crock) Look at what the flat panel and the hd tvs cost originally. They were outrageous. Why, because they were new and if you wanted one, you paid for the new technology. The price is less than a quarter of what they were. Same thing applies here. Get whatever you can up front to cover your expenses as quickly as you can. Try to get into the plus side as soon as possible. If they don't buy them at the high prices, lower until they do. Supply and demand is the backbone of profit. Call it greed if you choose.
You say it has taken years, when in fact they didn't even get into the Nicosan very long ago comapred to how long they have been making bad deals elsewhere and nothing they have ever spent years in r & d have done anything.
I'm all for the loan and believe it is on it's way. They should still charge a little more than they are as they have a lot of loans outstandin at this time and could even use the dollar or two per bottle to release those outstanding loans.
Bottom line is they are charging too little for something in such high demand and they should charge accordingly until their new plant is fully operational and profitable!
Paycheck - why take part of a line and say I can't back it up? Look at the entire comment and see what I was saying. Burg is the one who told me they were selling it to those who can afford it, because there is only talk about others buying for those who can't. So if the comment is wrong, have Burg explain it to you.
Many poeple here can't afford the drugs they need. Look at the number of elderly who have to decide between eating and taking their meds and then come crying to me about the drug comapnies here who care about affording their drugs.
Again, why get loans when there is enough demand to make up some of their needs? They aren't there on a non profit charity case or you wouldn't be invested in them. None of us would. It's all about profit, plain and simple. Those who can afford will buy if it is $40 or $100 a bottle. So don't preach to me about the charity part of this. They should first and foremost place their attention to making their shareholders a profit or return all our investments and get in the charity business and ask for donations.
Just watch and see what they do to your shares in the near future and you may feel like you donated anyway! I'm sure that's what those who bought this at $11 a share are thinking.
Hey fatbacker, they can't and don't want to provide previous DD. It shows all the bad things the company has done and if you're read back any, they say that is all in the past and now that they say all the positive things are now happening, we're supposed to throw all the DD out the window and forget the past and look to the future. I have been lamblasted for pointing out the 10 years of dd I posted over at pennyhelper.com to the point they make themselves look foolish.
Here is the last thing I posted at pennyhelper.com:
Supply and demand run the market and pretty much every business out there. With limited supply and heavy demand, couldn't Xechem bump the price up a little to offset the loans they are needing? I'm talking about the money they claim to need in excess of the $8.2 million.
If they are in fact selling around 20K bottles a month and they add just $2 to the cost of each, that would give them an additional $40,000.00 a month for the next 6 - 9 months which turns into around a quarter of a million dollars. I'm sure that could help with equipment costs.
Raise it a little more and they have that much more to work with. THey need money, the people need the drug. Only those who can afford it are getting it right now anyway.
Someone call Burg and tell him to increase the cost over there and fund some of these things themselves.
If they raise the price to $30 a month, they would get $140K a month extra. Show those banks they have operating capitol, even if only a little and they should be off.
Something else I can't quite figure out is why the Nigerian government doesn't step in and get one of the banks there to loan this money to them. They have a massive vested interest in getting this off the ground. They also have the money with all the oil being sold from that country.
Just a thought. You can imagine what their drug would cost here!
Sorry, thought I answered it. I have said over and over that I think they may have something for the long term. When I thought it was a scam and after talking to him, yes, I think they have a plan. Doesn't mean I can't be cautiously optomistic does it. There was a lot of respect lost when Burg said all my questions would be answered in a pr and none of them were. So no doubletalk intended. I am teetottering on this and like it or not I am in for the long haul. I want to try and be positive for them and for myself.
whiteshadow - my last response and then I am done for the evening. Have a look at pennyhelper.com and read my posts there and please tell me that all the time and effort shows some alterior motive. When I firstposted here it was to show that there was dd on XKEM if anyone wanted to look at it and was attacked for it. I have pretty much simply been responding since then. My motive is nothing more than informing.
Not sure what you mean by hiding behind an alias. We are all doing that for a little privacy in a lunatic world. This doesn't mean facts we present should be ignored, but you are right in that all of it should be taken with a grain of salt.
I have not once stated there was no risk with this or any other stock.
Perhaps many of you find a problem with someone stating or presenting facts for the simple fact that you do things for alterior motives and can't understand there might be some out here who are trying to do the right things for the right reasons. There are a few out there.
Jabber - Did you make it htis far? If so, when I called it a scam (if I did), I meant that it has been a scam in the past and nothing they did proved otherwise with all the nonsense they did, whatever the reason.
I am in this for the long haul, despite what anyone else thinks. So jabber, rather than attacking every person you don't agree with and constantly using the word conjecture, how about stating your thoughts about the company rather than the posters. You might not be so boring then.
pfrenz, I have said over and over that I think the long term will have something with this company. I don't like to be long in a penny stock. After talking to him and doing a lot more reading, I realized that he may have been telling me something I wanted to hear. At that time I thought a lot of things were riding on their approval and then I realized how silly it was to even wonder about the possibility of the approval when the country to approve was the one that struck the deal. Of course they were getting approval.
Maybe my comments have not been clear because of posting the past facts. Because I see the scams of their past does not mean I am against the idea that they can make money.
My goal has been to inform new investors. They should have all the facts and they don't get them reading through jabbers garbage and treatment of anyone he doesn;t agree with just to get some useful information which he doesn't seem capable of giving.
jabber - you can't read can you? You don't take a lot to say what you say because you never say anything productive, you bash others when they don't agree with you.
I sure hope I kept that under 2 lines so he could comprehend it all!!!lol
pfrenz, All fair questions. Thanks for replying in that manner. Much better than some other posts I've seen.
Yes, it is all copied from SEC filings. That is why I stated that they were indeed facts, aside from my comments here and there which I made known were my comments.
I have talked to Howard and I had not thought about sending it to them as I figured they already knew what they had done. Burg has been there since 1999 and has been involved with much of it.
I have not ever had any affiliation with XKEM nor do I know anyone personally who works for them. As stated, I have talked to Burg and Becker in the past few weeks. I called and wanted to talk toSteve when he was in Nigeria and insisted on talking to someone and they put me through to Becker. Nice guy, by the way.
I have posted on AllStocks (since 8-2004) and I have my own forum called pennyhelper.com - I am 'ajay' at pennyhelper.com
The only compensation I am receiving at all is with the google ads placed on my site at pennyhelper.com. I have no control on which ads show up and while I have stockster.com on the Paid Pump Sites board on my forum, google has their advertisement on my site. I have a problem advertising stockster.com, but I will try to worj that out with google. I don't want anyone going through my site to get to a paid pump site.
I hope I've answered your questions here. I truly don't have anything to hide and while it may appear to be trashing, bashing, demeaning or anything negative about XKEM, my goal is to provide true and complete information. It is not intended for those who already think they know about it, but there are many who read this board every day like I have been for a long time who may find the information useful.
I say again, I am in this with a small position compared to some and I am hopeful from here that something good comes from it.
Like my site says, information is power.
Why would I ask people what they think of the market cap? Anything you tell me would be a guess. No, I'm not a crappy poker player, I've won my fair share of money playing and I am not at a loss in that game like I am XKEM either.
You crack me up when you say deal in the future. All we have for the future is speculation. Too late, I'm already in so what happens, happens. I don't really care what your opinion of the future is. If you had good foresight, you'd be doing something much more useful than posting on a stock forum!
Rather than deal in fact, you want me to think about what the potential is for this? That's for dreamers. 'FORWARD LOOKING' sure helped out all those that bought this for $11. didn't it? When they cahed in their .70 cents shares, I wonder what they thought a week before. It can't happen here. This is a great company with so much potential! I see where the forward looking got them.
The only information out there is what you've been spoon fed by the owners who are using you. Like I stated, why would I believe anything they say after the lies Steve Burg told me? If I am to speculate with what he said, then the entire company is a lie. What can I believe now?
I stated a lot of current stuff that was not answered like I was told it would be. Why would I ask those questions here when no one has a clue? If Burg lies about something as simple as stating it will be in the pr and it isn't, how trustworthy are any of them? There is no crying here. The people who don't want dd shown are the cry babies. Why is it you are so against the past when that is all you have to decide to buy a share of anything.
I got it! Without looking at all at any real facts, look up moneytv and watch the pitch by Igor of Baltia Air Lines and see if you want to buy stock in their company. Don't DD it at all. He'll have you believing there is a ton to be made by investing in BLTA. An airline in business for 17 years with no plane, no airport rights anywhere in the world and no plans to buy a plane. Would you invest? Of course not, unless you're a fool and there are plenty out there that are.
The dd may not be there for you. You are not the only one reading these boards. I put it out there for those who don't already have their head in the sand and might be sold on all the hype that goes on. I want to make money here, but I also want to let people know they have a history.
If you don't like it, don't read it. This board is not centered around you and every post is not made to purposely satisfy you. There may be some who get something out of it. For the rest, move on and quit whining.
ilovechassman, those were my thoughts when I saw all that. I think everyone has a right to see the posting and they have a right to disagree with me. But they can't disagree with facts. I am hoping they turn around here too. I really do want to make something here. If that is bashing, oh well!
Something I didn't mention earlier: I was posting on allstocks in the XKEM thread there that was taken down because of one person and the continual reports. I was posting many hopeful and positive thoughts about XKEM there. I am still hopeful for them at this time.
I think we should all take this and any other stock seriously when we have money in it or plan to invest. I am working hard on getting the pump scam stocks out of business. I started pennyhelper.com 5 weeks ago with that explicit intention and have already filed charges against one company with the FTC for fraud and will continue to point out the companies I have time to investigate. My dealings are detailed there. We also detail the pumper sites we find. Sadly, google is still allowing them to buy advertising space and they are placing ads on my site, but that is something I will work out with google in the future.
XKEM is not one I would report as I am not sure their dealings constitute anything near fraud. I have pointed out facts and thoughts about them.
One liners and insults won't stop me from posting, but if you feel compelled to waste people's time with insults, bring it on.
You say I am a newbe basher here because I signed up last week. I have been reading posts here for a very long time and have invested in pennies for more than 2 years, so while I may be new to posting here, I am not new to ihub or the penny game.
OK, I see I am on Lochute's iggy list and that is fine with me. Some things to clear up since I was gone all day and I would like to address some things. Jabber first, since he makes it very clear he doesn't have the attention span for more than a couple of lines.
Jabber, you have posted hundreds of times over the past few days and have hammered me for not getting facts right. Everything I state comes directly from the SEC filings.
Out of the 100's if not 1000's of your posts, all I see is criticism. I haven't seen anything factual in anything you post. You attack everyone and call names. but have yet difuted anything stated.
Lochute, put us all on your ignore list. Good, maybe the new people will actually find something worthwhile to read if you and a few other aren't wasting so many posts attacking others.
Now, on to some of the defensive crap you are feeding people. When someone looks at a stock, all you hear is do your own dd. DD is reading and learning about the past practices and business dealings of a company to get an idea of the companies fundamental ability to return a profit on your investment. I know that is the short version and there is much more to it, but how can you turn around after someone points out quality dd and start screaming that it was 5 years ago? Duh, of course it is in the past. Ever see someone able to to dd for the future? It isn't dd then, it is speculation.
The facts are in front of us. All laid out for everyone to see and their interpretation is their own. That is what this board should be here for. To actually discuss the differences in each others interpretation. Instead, many laugh, ridicule and outright dismiss serious dd. You lose many people who have a true interest because they have to wade through so much garbage.
Many talk that the past things were done to stay alive. Many companies survive by slowly adding to the float, not by going from 10 billion shares in one month to 60 billion shares the next and then doing a 3000 for 1 reverse 7 months after that.
To claim that Chassman saved them is a joke. Are you suggesting that there wasn't one investor they could find who wasn't tied to a con man by marraige to save them? The same con man who gave them enough to gain control of the business? Tha man who was behind many of the investor shorted changes in the company? Why would they not file to add to the outstanding as they had done so many other times at market value rather than give her a loan where she could make 10 times plus on her money? There are far too many questions about her dealings to get them all here. No, she was no saving grace when they had Alpha Capitol loaning them money at the same time. They could have gotten a much better deal elsewhere.
Many stated that I am an idiot because I don't understand that they were a research and developement comapany and had to do what it took to get by. Wrong on several fronts. They (after what is it 17 years) have still not come up with anything productive or at least profitable after all their dealings with other companies, acquisitions, research, etc. They have had Xetapharm or whateveer it is, an over the counter nutriceutical comapny for many years and have made virtually no money on it or any other venture to date.
Nicosan is not even their product that you claim took so long to develop. They spent nothing developing this herbal supplement. They negotiated a manufacturing and distribution deal with the Nigerian government. Then we wait for approval like it was some monumentous event. That was a joke in itself. Was there a doubt that the government that stood to make a fortune on this not approve it? Please.
After talking to Steve Burg myself for about 20 minutes on Monday, I was told a number of things would be in the pr. None of what he said would be in there were. He told BigD he was waiting on some figures before releasing the pr. It was a modified self promoting Q & A with no substantial facts or support for what they are doing right now.
As a serious shareholder, I wanted to know about the dilution. I wanted to know about their intentions of a reverse merger. I wanted to know about them adding to their authorized share structure that they have done many many times. I wanted to know what their revenue was right now. I wanted to know how much they can produce right now. I wanted to know even more and was told it would all be in the pr. None was. So you see, I have a right to be skeptical of anything the company says now.
I believe that is they get the plant built and they are allowed to manufacture the drug, they will make us all some money and with the pps at this level, I am in for the long run. It is worth it to me to take a chance on something bad happening and losing my small investment (just under $2000) compared to what might happen if all the hype is actually true. That's why I am a gambler. I also take many chances at poker with an inside straight that only hits once in a great while.
We have no proof of a building being built. The company says it is. After what Burg told me, I don't know if this is even true. Have any of you been there to see? I think it is, but don't know that to be a fact. I don't know what they are selling right now, if they are because I have seen no proof. Has anyone seen a story (it would have to be in the Nigeria paper since no one here cares about it) about any child or adult taking the drug and the affects? If this is the wonder drug of Nigeria, why have there not been stories? Perhaps there have been and I haven't seen them.
I am not down on the possibility they may actually make us money here, but the idea that we are supposed to forget about the past with this company and all their shady dealings is rediculous. Any person considering buying stock and doesn't look at their past is a fool. To criticize those mentioning their past as bashers is even more foolish.
I believe, and this is only a hunch of which I hope I am wrong, that something will likely happen in a big way before or right at the time of their filing. Good or bad, I can't tell. But it will be something heavy that will effect all our positions in this one.
So before you people call me a basher, I am a dealer in the past to get an idea of the future. I am one who does the dd and like it or not, these are facts when they are listed in the SEC filings.
I laid out the chronologial order of the more basic share dilution and reverse splits they have done to show that anything is possible. The link to that dd is here:
http://www.pennyhelper.com/cgi-bin/forum/Blah.pl?b-underdime/m-1155681970/
Have a look, investigate further and come to your own conclusion about it. It is entirely up to you. I am not a basher and I hope they come away from this making us many times our investment. Their history says different, so let's hope this is their turnaround!
Wrong jabber. You selectively deleted a post which answered all the questions you were asking. You prove that serious discussion is only allowed if it is to your liking. Censorship at its most disgusting level. Why not let people decide for themselves. I never said a company can sell stock. Show me where I said that. Talk about slanting things.
I answered all your harassing posts and it gets deleted because you don't like it. Ihub should be proud to have you for a moderator.
Go ahead and pump away. That's all this board is here for. What was it that had you so worried to make you delete it?
You don't want facts here. You only want people to agree with you or that you can harass and laugh at, but when someone seriously answers your questions you delete it. Thanks for proving what a worthless board this is. You and BigD go ahead and spin this your way so you can dupe others by not giving them a chance to see both sides.
I guess you'll delete this one too, since you had no reason to delete the other one. Care to explain why the deleted post? Why censor it when I answered your questions?
Sorry you see it that way Poker. I have a position and I want it to go. But all the talk of all the people they are helping and what it's going to do is just as pumping as what I say is bashing. So take it how you choose, I have no problem with what anyone thinks of me. Your feelings or thoughts don't have an impact on my money in the market. I have stated facts all along and 'possibilities' that no on e here wants to look at because they have bought in to the hype. The pr didn't state how many they are treating right now, yet they claim sales. They didn't say one word about the revenue to date. While very limitited in the time they have been selling, they could have given those figures like Burg told me they would in this PR.
Hit & Run? No, but there isn't much point is trying to have a civil discussion with a bunch of people in dreamland. You're being so overprotective that it wouldn't matter if I showed you their written plans to do a 1000 for 1 reverse split tomorrow. You'd find a way to call me the idiot. So why bother? No one wants to listen to how they cheated shareholders all this time. Because that was in the past and this is now so they are all such honest people all of a sudden. Stealing is stealing whether the law allows it or not. Take 3000 of something from me and give me back one. That is legal theft!!! You color it any way you choose.
I didn't say they were going down the tubes or were planning anything deceptive in the near future. All I'm saying is that it is not too far out of the picture for them to consider and possibly do something that screws all of us, no matter what your position.
They screwed you as early as May when they got the loan from Chassman and gave her shares for .005 when the stock was much higher and allow her to cash in a month and a half later at 10 times the value. Why didn't they dilute themselves and get all the profit for them? That was dishonest and a scheme to give Blech some need cash.
All I have said is be careful. They have done it and can certainly do it again. BigD talks to Burg all the time and has built a trust and can't stand the fact that he could tell him one thing today and actually do the opposite tomorrow. This company and the directors have made a living for the past 10 years by cheating shareholders out of the value of the shares.
Yes, that's the nature and what you have to expect from pennies. While it isn't right, it is legal. I am getting a little sick of all those claiming all the great things this company is doing and going to do when they actually have NO idea if they will even build a building. This is news not reported by any legitimate news organization. NOT ONE!!! It is all hype and rumor. No matter what the company says, until it is in writing and filed, it can't be believed with 100% certainty.
Example is BLTA. This is a developement stage company that has been in business for 17 years. It's an airline that doesn't have a plane or a contract to fly out of an airport and they recently did a show telling people how they will have to add a surcharge for the gas prices, never mentioning they have no plane and no money to buy one. For 17 years they have had no revenue and dilute regularly to make money and steal from investors. Cons are out there.
I'm not saying that Xechem is this type of company. Their pr stated no actual revenues which I was personally told by Burg would be there. This pr failed to tell how many people are currently being given the drug as I was told it would personally by Burg. This pr stated nothing about the dilution which Burg told me would be addressed. STEVE BURG LIED TO ME!
I had a 20 minute conversation and these things were supposed to be there. He would not state any figures and said I would know all this information as soon as the pr came out. LIE.
So do I have reason to be skeptical? You better believe I do.
Just so you know, all you pumpers out there, I have not meant to bash this stock. I want to see both sides and tried to put out both sides by referring to the link at pennyhelper.com where all the dd is posted.
Why do you have such a hard time with actual facts? What is it that you are scared of or worried about that it makes you people mad when someone lets others know about it?
So to answer you, no, I don't hit and run. So go ahead and try to abuse me with your words. It won't keep me from letting people know the truth. What they do with that is entirely up tho them. I have not once said sell or buy and won't. That is up to each person.
No, I am not bitter about where they are and I do have a position. Sadly, too many of the slow people on here won't bother to read this right as they have asked me a half dozen times if I have shares. Either they are not very capable or refuse to read. Either way, I'm done here as far as XKEM goes. I hope we can all be partying in 1 year and we don't look back and wonder how we bought into all this garbage. In a year we'll be happy or pissed off. How it turns out, we'll have to wait and see!
ransoft: Have you considered how Xechem spent the funds from its settlement with Bristol Myers? How does that action fit with your analysis?
BDB
It's obvious you haven't read the dd posted and you would rather bash me for telling the facts. What they did with the money is all explained by them. You can read it in the dd which the link has been posted more than once today.
For BigD. The past is a huge indicator of what you will get in the future as far as this company goes. They have used little good judgement in their dealings. Because they now have something to get revenues, they are suddenly wiser people? Hardly. But you keep the pie in the sky attitude. It's good to watch and I hope you're plans come to fruition, I really do. Anyone who chooses to ignore the kid who likes to kill animals and thinks it has nothing to do with his character as an adolescent or young adult will see with this one. If history repeats itself, we're all in trouble!
All you have to do is take those glasses off and read everything they have done to shareholders over the past 10 years. They have CHEATED people over and over. I don't go by what someone else said. I go by facts they are held to in their own words. Their words tell me they have scammed people in the past. In Nov. 2002 they increases their shares to 60,000,000,000 (60 BILLION) and in June 2003 they do a 3000 for 1 reverse split!
Why does everyone here keep talking about a 'non-dilutive' loan when there has been nothing to substantiate that? Why are you not calling them to state facts? Oh wait, you're one of them that says this. Where is proof they won't dilute even the day they sign for the loan? Because they won't have to use shares to back the loan does not mean there won't be more dilution.
They could get the loan and do a reverse split at the same time. They had a reverse split and added to their authorized at the same time! How is that fair to anyone who was holding shares?
I know it looks like bashing, but I just want to deal in facts and all the people who have a vested interested can't see that and won't accept it. Look at all the pumpers who said where this was going once the pr came out and then they blame everyone else when they are proven wrong. I sure don't see anyone getting blasted when they pump with false information.
It's very funny that my stating facts is ranting. You are wrong on so many levels you make yourself look like a fool. No, I don't want the stock to drop. Why is it when someone puts facts out there they are bashing or have an agenda? You want to know my agenda? My agenda is not to have a newb come in here and be made to believe all the hype that is continually being posted here.
How dare you compare me to satan. The facts are there. Where is one fact that Chassman has diluted, yet you say nothing to those making that claim. Who do we blame next, Alpha Capitol? How is it she is able to dump shares when she renewed all loans to be made payable in 2008? If they allowed her to make a loan and give her shares at .005 and within 2 months she is able to trade those shares at market value of what was aroung .05 and .06 and even higher, why didn't they simply add these shares into all they have been diluting? Why allow her to make 10 times the value when they could have done the same thing?
If everyone else can say Chassman...I have a right to say look out for a reverse split! Do I know one is coming? No more than any of you know it is Chassman dumping shares. So who needs to get their facts straight here?
You say I did not back up that this stock has been a scam? Do you have so short of attention span that you can't make it to the link that has all the proof you'll ever need? What does it take? You choose to ignore. The facts are there you just have to be educated ebough to read it without rose colored glasses.
The link one more time:
http://www.pennyhelper.com/cgi-bin/forum/Blah.pl?b-underdime/m-1155681970/
Try some light reading and see what those who bought in at $11 are thinking right now. Or the ones who had 1 million shares to end up with 333 shares. The dilution over the years and the reverse splits and you think I don't have proof? Get real and get your head out of the clouds.
Sally, you've got to understand that many here don't want facts if it distorts their rosey little picture that all is great here. When they finally quit crying about Chassman, they'll start blaming it on Alpha Capitol.
Funny, I wonder how the people were 3 years ago just before they announced the 3000 for one reverse split. You wouldn't be able to tell those people anything either. Or whan they had the 75 for 1 reverse split or when they decided to add some 50 billion shares to their authorized. No, forget all that. Now we should trust them after 10 years of robbing the shareholder.
They will say I'm bashing here. They don't see it as fact and they don't want to. They live in a fantasy world and we will all see. I can't buy anything right now, so I am not saying anything about this company to bash. I do own shares and consider myself a bagholder right now. I'll forget about it and see what happens in 9 months. They may only add a few billion more shares between now and then.
This is a scam of a company, but that does not mean they can't make you some money if you play it right. So no, I am not here to bash, just to bring truth. It's all in black and white, but too many people have an emotional attachment and refuse to hear anything other than what they want to hear. You got the biggest rise out of the most people today for telling the truth and they choose to ignore. I wouldn't waste my time any further with them. You can't do anything with a spotlight with so much sunshine all around.
Someone told you to that was the past and that almost made me fall off the floor. Shows they don't care and don't want facts.
Remember too, that when you ask a serious questiuon, they throws jabs at you as well. Strange bunch of protectors here, but it's to be expected from most since they don't like being proven wrong.
If they wanted to know the truth, they would be reading it themselves.
Go to the dd page at pennyhelp.com and see what this terrific company has done in the past for their highly valued shareholders and then ask yourself why it couldn't happen again!
http://www.pennyhelper.com/cgi-bin/forum/Blah.pl?b-underdime/m-1155681970/
You are very mistaken if you think they start at .0001. Where did you get your dd? They started out on NASDAQ and because of the relationship with Chassman's hubby David Blech and the fact that they diluted the hell out of it, they were delisted.
The story is in the dd at pennyhelper. The entire NASDAQ letter to Xechem is there and you will see what they thought of the relationship with him.
So when you try to tell people something like it started out at .0001, please verify your facts. They were up to over $11 at one time, back before they they went to 60 Billion shares and then did a 3000 for 1 reverse split.