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Thanks again Eli, and the bottom line (as most of us here are investors) is that Nicosan helps alleviate the pain and discomfort of SCD w/ little or no toxic effects.
This may help your understanding - courtesy Eliscoming post #201593
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=48341674
Thanks for clearing up the issue Eli.
Yep, guess you are right. After all these people are entitled to choose the malady that kills them - SCD or Malaria, of course they have to survive past the age of 5 years old though. Silly me.
Btw, "sicklers" is a term frequently used to describe an individual, a human being, a person, suffering from Sickle Cell Anemia, "Sickle" - therefore the reference. We all know it doesn't mean "sickly"
Tku for your contribution nonetheless.
No. Nicosan has never been proven to be harmful. FDA studies do not prove drugs (and Nicosan is not a drug) to be safe, they make a qualified, subjective decision if a drug is not harmful.
Remember the Hippocratic Oath, in part: "Physician do no harm "
Again, ad infinitum, real studies, real life studies have been done and Nicosan does no harm, side effects, if any are minor and people have seen relief.
You are looking backwards, by your own words :
"It was sooo insignificant that,,," Key word "was" tku.
From my post:
"Pls understand, that if and when production and sales resume the debt is insignificant given the mkt and the profit margin"
Key words: "if" and "when"
I'm looking forward.
Thank me very much
Nice summary piece Eli, tku.
Tku for your post fox.
It's long been known that sicklers have a higher resistance to malaria than non-sicklers, it has also been long known that Niprisan/Nicosan alters that coincidental advantage.
I think it is hardly an advantage to hope you live long enough w/o the benefit of Nicosan in the hope you don't contract malaria.
It is a false trade.
You keep referring to the debt of the co. Pls understand, that if and when production and sales resume the debt is insignificant given the mkt and the profit margin.
Agree Gold, I think you're dd is quite sound.
Yes. You are missing something. There is no corp reorg that allows you to make a free exchange - share for share like so many checkers.
Pls . There are banks, creditors, pipers, vendors, subordinated claims, NIPRID, NAFDAC, et al. This isn't like exchanging a defective tire rim under warranty.
lmf, thnx for correcting the #'s, sorry to see there are more at risk but good to know we have a larger mkt to serve and I believe we will.
Excuse me, but XKEM is in bk court for the purposes of corp reorg. A decision has not been made, but there seems to be much interest in the outcome by many parties.....interesting. So, bust no, worthless paper, no, the stk trades daily.
As to new investors, they may see something of value to speculate in. They may have greater insights into this than....even you do.
In any case, it's their choice.
Fwiw, buying stk in a co. does not directly help the co's clients. However, buying stk in a co. and recognizing the potential of that co. and being correct certainly does help the savvy investor and ultimately the clients/patients of the enterprise.
We shall see.
In the meantime, if you think the stk is worthless, why not find a way to short it and if you are correct - clean-up, surely there is a bucket shop in CN. that will allow you to execute the trade.
Nicosan, years ago was approved by NIPRID for sale in Nigeria. You may not approve of NIPRID but many do not approve of the FDA. When in Rome ?
If you will take some time to learn about the co. and Nicosan as well as the demographics you will come to know that the largest mkt's for treating SCD are in Africa, the Mediterranean, S. America, the E.U. and yes the U.S.
However, in the U.S. there is estimated to be only 80K SCD cases. A couple of large towns in Africa exceed that. In fact, the 20 to 40 million worldwide are not in the USA.
If you were to design and build a revolutionary new car would you tailor the process to serve the consumers of Tibet or the USA ?
You are a businessman right ?
Let's think this through, lol.
Nice re-visit to this piece rubco, tku. Sometimes it helps to refresh the memory for new posters who may not be familiar w/ the facts of Nicosan.
Simple, sometimes a sword is just a sword.
OK, let's try this again.
1. Nicosan is not a drug
2. You have no evidence that its importation by individuals into the U.S. for personal use is illegal.
3. Everyone on this msg bd that can read has been made aware of Nicosan's use in the USA via personal testimonials. Time to catch up on some posts eh ?
4. Clinical trials, clinical trials, blah blah blech. Did you know that many FDA approved drugs (post Phase III) have later proved to be harmful and removed from the marketplace ? Are you aware that the drug approval process in the E.U. is far more streamlined and has not proved to be more dangerous than the FDA's ? Did you know that the E.U. as well as a large segment of the U.S. medical community believe the FDA's hyper bureaucratic approach is clumsy,antiquated and, well bureaucratic and needs dramatic overhaul in the interest of better health-care ?
5. Did you know that chicken soup has never had clinical trials but despite this doctors themselves ingest it when they are sick because it works ?
OK now, can we move on please ?
On the contrary, what is needed in Nigeria and the success of Nicosan is an individual(s) that can establish a credible relationship w/ NIPRID, work out a rescheduling of debt w/ the banks and in the U.S. w/ the CC, et al. sufficient capital to ramp up production, a comprehensive sales plan and business model and e x e c u t i o n, just to name a few.
DP did his time, he was masterful @ standardizing Niprisan/Nicosan and early on winning contracts and concessions.
This is now not then. I suggest Monty can get the above done. We shall see.
Pls check your facts and the history of Nicosan.
Well, sometimes silence speaks volumes.
I think Monty has a well thought out plan and rivals that of the CC. We shall see....
Care to offer any facts to support your speculation ?
Oh, do tell.
Thank you for the trading advice.
As to DP, he has made his own claims to the bk court, std stuff really.
As to whether DP thought this or that about clinical trials is not only moot now but then as well for we had permission to produce and sell Nicosan.
Pls read Monty's POR. That should clear up any confusion as to what is needed NOW.
Simple to some perhaps, however, the co. is not bk but in bkrptcy proceedings.
The fat lady hasn't sung yet. Burp.
As most seasoned investors will tell you the market looks forward 6-9 months. So, if a credible case can be made that Nicosan is being produced (we already know the huge mkt place and demand) then the "investors" can make their independent assessment as to where the stock may trade 2-3 quarters out.
Quite simple really.
Nice to see you back fox, thought we had lost ya.
Thanks for the dd.
Thank you Isd, now that I'm able to again, just tryin to keep a little perspective in the debate. You know the devil is in the details...........
I will differ slightly however w/ your post about whether we as S/H's survive the bk process. I think it is important that we do and not solely for financial reasons though surely this is first and foremost.
In brief, I think the judge owes it to the system to right the wrong committed by mgmt against the owners of this public corp. The system requires it. It's not just the Enron's, Lehman Bros and AIG's that require remedy but all public co's @ every level. The law simply does not exclude small co's.
A bk judge has some muscle in these proceedings, yes the CC has the seniority but the court can and should flex its' muscles in the pursuit of a just and equitable resolution.
I hope this judge does exactly that.
It also wouldn't hurt if NIPRID filed a friendly brief. We have earned one.
Now we have a meeting of the minds, which that they were.
Yes, testing s/b and God willing will be. However, one need not have phase III trials to prove that ice reduces swelling or touching a hot burner results in the burning of skin. And, what about chicken soup ? Surely your care-giver gave you chicken soup as a boy to make you feel better ? And didn't it ?
Nicosan, testing notwithstanding, has demonstrated sufficient efficacy to cause govt's, scientists (DP, MB, Asukura, et al), world renowned medical facilities - CHOPS and financiers to come together. Compelling no ?
As to DP, I wouldn't be so quick to minimize his contributions to Nicosan. The standardization of a compound is not something your average pharmacist can do, even if Canadian.
Lastly, a point of order. DP did not lose the rights to Nicosan, that was RS and SB. I wonder where we would be now save for the hedge fund vulture predators ? You may want to focus some of your prodigious dd on their fates, fates which as we write seem to be sinking to a place where no man should tread - voluntarily ;)))
Thank me very much
Ahhhhh, yes, DP is no longer involved, we have all agreed on this numerous times now, so ? After all, while Alexander Fleming discovered penicillin, he certainly did not have any significant role in it's mass production and mkting, despite his Nobel Prize.
Who knows, what the future may bring and despite your numerous prognostications, you don't either :). However, maybe DP will win universal acclaim, if not the Nobel for his work - I hope he does. History is a funny thing in that it can never be written in advance.
In a previous post I suspected you would not share my view of the efficacy of Nicosan. No matter. The people, that is to say, the last word of empirical data, that have benefited would differ w/you. But we are all entitled to our opinions.
I must point out yet another flaw in your case. You have routinely called Nicosan a "drug", yet you are the only one to do so, but thank you for the praise. No, Nicosan has never been promoted as a drug but a plant based phytopharmaceutical for the treatment not cure for SCD.
XKEM's balance sheet is/has been a matter of execution. We now have an individual who knows something about sales and mkting. Certainly there is a huge mkt for Nicosan. Yes, an Orphan Drug in the U.S. but not in Africa and other continents. Orphan Drug no, orphan maker and child killer yes.
Based on the potential mkt for Nicosan, the relatively meager debt the company may carry forward or reschedule is meaningless - oh ye of little faith ;)~
Btw, I said nothing as to the end of my career, and when it does end it will not be dependent on XKEM, unless of course I have underestimated the tremendous, collosal potential of nicosan, mmmmmmmmmmmmmm. If so, so be it, I'll be happy ))))))))))))))))
Be well
Well, with all the hard work DP has done over the years, the company now has a proven drug ( I know you may disagree - however, one need not take the roosters' word for the sunrise )which, w/ proper mkting and a funded sales effort along w/ solid contacts on the ground in Africa and elsewhere can be successfully promoted. Thank you Monty.
As to your opinion of the judges forthcoming decision, time will tell.
As a student of human nature (who amongst us is not) and w/ more than a quarter century of investment experience, I think this speculative play is worth the risk. It has been my experience that rational human beings, even investors ;) will act in their own self interests. Imo, in this case that means the creditors and S/H's will find common ground and once again the patients will be served.
Yes, true, but certainly about SCD, which XKEM has been so fiercely dedicated to and as such has everything to do w/ the company, Nicosan and the future of reliable treatment of Sickle Cell Anemia.
After all, there's no such thing as too much information - in the right hands. Wouldn't you agree ?
MM, I don't think the judge will grant too many more adjournments, his patience is wearing thin and perhaps for the better.
Sometimes when a judge starts pulling his hair out it prompts the parties to come to a resolution. There's a postulate to any legal proceeding - I'll try and loosely render it here : whenever possible seek compromise w/ your adversary. The last thing you want is the judge to make your decisions for you.
Once again Isd, you have provided a valuable link, tku. Perhaps the naysayers that claim, w/o any evidence whatsoever, will take the time to review and broaden their knowledge some ;)
Should have known, an Al Gore lemming. Now there's a track record, first he invents the Internet then (man-made)global warming. Wow, you sure did your dd there, fofl.
Btw, I'm quite content to have Monty spearheading for me as a S/H'r. My guess is the vast majority of S/H'rs feel the same way.I also believe if he does save XKEM from the clutches of the dark side that he will make the company very successful very quickly.
As for large caps, I've forgotten more about the mkts including large caps than you will learn in your lifetime.
Btw, did you know that Al Gore invented the alloy wheel ?
Be well.
Spinning your wheels gets you NOWHERE, hence the phrase. And you are purportedly in the wheel biz. Perhaps you should stick to stocking the shelves in the warehouse and leave the investing to those that know what they are doing.
Btw, if you are looking for more help w/ the shelves I believe I can recommend your poster in arms, he's legiondary at that kind of work ;o)
Be well.
Afraid you are just spinning your wheels.......Don Quixote
Nothing to do w/ conc ??? How are your reading skills progressing kitty ?
You two make a nice couple. A couple of what I cannot be certain...