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As long as this doesn't last for another year, I'm luvin this price action. Sell me more down here woman!
Congrats Greenhornet! I'm also a May 4th birthday child. I don't know of a lot of famous things that have happened on our b-day other than Kent State, but it was a great day to be born! Gonna spend mine sailing on Galveston Bay if weather permits. Have a great one!
I agree. I'm in this for the long-term myself, and only day/swing traders should be overly concerned about these little downdrafts. Now if it were to REALLY collapse below levels we havn't seen over the past year, then you might find me bitching and moaning myself. LOL!
I see that our loan sharkette is at it again. If she pushes it down another 10 percent I'll provide a little support.
I have to question why we would even need a Nigerian offering if we hope to have revenues in the 250 million range sometime next year. If it's a goodwill gesture of sorts, then an offering of a smaller percentage than has been discussed here might be reasonable. I hope they clarify their intentions sooner rather than later.
Who cares?
This move is sure making me feel good! I added more this morning.
Or is it the length of that certain part of the body?
I'm with you rubco. I just sold some of my IDSA for a nice profit and am ready to plow some more back in here. I'd be lying if I said I didn't want it to drop a little lower. I just hate the idea of averaging up.
I'm a 20 yr TX CPA myself, and it's not quite child's play to me. From what I've read so far, I definitely like the potential margins going forward. Hope to have time to read the whole thing tonight. BOL.
The political and security situation in Nigeria will also be very important to Xechem once mass production of Nicosan gets under way. The production of only 2 million pills per day would have a likely black market value of close to a million bucks. Since that would be a nice target for thieves in that country, we're going to need some "Fort Knox type" security in the manufacturing, warehousing, and distribution of the product.
Subtle Basher!!
LOL!
Funny how testy some people get when someone even hints that the price could drop a little more. Hmmm, flippers don't bother me a bit, but that kind of sounds like a flipper-type mentality to me. Barring a nice PR, I for one think that it will fluctuate in this area for a few days or at least until after the elections. That has been the pattern after the little runups for the almost year that I've been in this stock. What do I care anyway? I'm holding long and strong until MUCH higher prices. I do plan on adding if/when it drops a bit more though. GLTA
I agree. And I think we will see a post election pop if things don't go too badly. Some people want to see some positive signs of future stability before throwing their money into the pot.
The 8k is obviously good in that it means an infusion of cash. The 8k is not so good in that the terms are a bit steep. I think that any negative effects of the "not so good" will go away in due time. I hope to start adding more if it drops to the .022 level.
PIPE=Private Investment in Public Equity eom
Sorry jkujath, but I'm not into bashing my 3.2 million share investment. Maybe you're cofusing a subtle questioning of an individuals statements with the subtle bashing of this company. I think what I said was pretty clear cut. Sorry if I'm not a mindless cheerleader.
Bigd was pretty definitive in his statements that the conversion price would be above our old highs around .11. Regardless of what he says, it's difficult not to wonder if he sold.
I do strongly believe in the future success of this company, and while I'm not thrilled with today's terms, there's very little doubt that we need this cash to execute our business plan. If things go pretty much according to plan, I don't think that this dilution down the road will be a major issue to current shareholders.
Also, other than jealousy, the fact that those guys are going to make an absolute killing really doesn't bother me too much. That's just the way of the world when you're starving for cash.
Very true. Big pharma routinely hooks up with some serious long shots and I don't believe Xechem belongs in that long shot category anymore. A major partnership would make this company fly north for good.
I've been thinking the same thing. Now that we look likely to pull this thing off in Nigeria, I bet some big pharma out there is beginning to take some serious notice.
If the article is referring to a spin off, we would be receiving our pro rata share of any new Nigerian entity. Maybe it is simply referring to a shelf offering next September to raise additional funds. Not very clear what the article is saying in regard to Nigerian ownership participation. Either way, 20 million in funds sounds pretty large to me.
It's a skunk that done been kilt.
The reality of our plant is now apparent to everyone. Let's get ready to head north in a big way. EXCELLANTE!!
We'll soon see .ten, cuz sickle's a has been!!
Here's an article which mentions both drugs.
February 08, 2007, 06:24 AM »
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Nigeria introduces two sickle cell drugs at WHO summit
From Collins Olayinka, Addis Ababa, Ethiopia
NIGERIA yesterday received a rousing ovation from the rest of the African continent when she presented two locally manufactured drugs for sickle cell anaemia to the World Health Organisation (WHO) Regional Committee Meeting in Addis Ababa, Ethiopia.
The two drugs the country introduced to the 56th session of the WHO meeting are Nicosan and Sikilafit. Both drugs are manufactured by Nigerian indigenous companies.
The country's Health Minister, Prof. Eyitayo Lambo, who presented the drugs to the international community ascribed them to the determination to look inward for a solution which was influenced by the fact that between four and five million Nigerians are still bearing the burden of sickle cell anaemia.
Sickle cell disease is said to affect between four and five million Nigerians with a great number of people carrying the traits. This makes Nigeria the country with probably the greatest burden.
The National Institute for Pharmaceutical Research and Development (NIPRD) has developed a phyto-medicine product for the management of the disease. The recipe for the drug was obtained from a traditional medicine practitioner. The research institute first used the product in the original form in which the traditional medical practitioner provided it and made an assessment of its invitro anti-sickling properties that showed that the preparation possessed the ability to reduce the sickling tendency of red blood cells.
The research institute then carried out many years of study on the plant materials to determine the right method of extraction and the preparation. Later, the relative quantities of the ingredients were adjusted in various studies in order to optimise pharmacological activities, materials and production processes.
The health minister stressed that various stages of clinical trials were performed in humans to demonstrate the safety and efficacy of the drug and that clinical observations showed that Nicosan (the drug) is very effective in the management of sickle cell disease.
Lambo added that the drug was launched last month by President Olusegun Obasanjo and it was being produced locally for the Nigerian and West African market, adding that the manufacturers of the drug-Xechem Nig. Ltd had obtained an orphan drug status for the drug in the United States (U.S.).
He further disclosed that traditional medicine practitioners in Nigeria were making giant strides as they had produced another drug called Siklafit. Siklafit is manufactured and marketed by Neimeth Nig. Ltd, another pharmaceutical company in Nigeria.
Research in NIPRD has shown that other recipes brought in by traditional healers may be equally very effective when Research and Development (R&D) on them are completed, the Minister said yesterday.
Lambo declared that from the country's experience, it was believed that public-private partnership aimed at supporting basic and transnational research would produce more therapeutic agents from African/Traditional medicines for the management of sickle cell disease.
He, however, advised governments in the region, international donors and United Nations (UN) agencies particularly WHO to see sickle cell as a neglected disease whose management would require effective partnership. The partnership, he maintained, would be between researchers and donor agencies/governments, stressing that there was the need to mobilize adequate funds for basic and applied research in the area.
South Africa and Uganda delegates specifically paid glowing tributes to Nigeria for the feat. But they also urged the country to do more in the area of research and also extend such efforts to effectively checkmating malaria, which is described as a disease that is more synonymous with the African continent.
http://odili.net/news/source/2006/sep/1/8.html
I'll give ya a hollar when we soon see a dollar!!
We'll soon hit a nickel, cuz we're stoppin the sickle!!
Long time lurker and first time poster. No way I'm selling any time soon. I'm now up almost 50% and truly expect to see that many times over. IMO, all the company has to do is simply survive for this stock to provide astronomical returns from such low levels. With impending financing hopefully just around the corner, I don't really see a whole lot of insurmountable obstacles in our path. I just added a few more shares to the pot this morning. BOL to all.