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You do have to wonder as to their true profit motive, and since I really don't believe that it was simply to steal HMF, what you say does make a bit of sense. Swift and Burg are certainly old and unemployable enough to be looking at retirement, so simply having a paycheck could mean something to them. But since I have always considered them connected at the hip to Basu, I have to wonder about HIS true motive. Unless of course what you're speculating is fact, and they were all in this together with "Big Pharma."
Anyone have any comments on the web conference? I'm going to be on dialup all week, so I'm not even going to try and open the link. TIA.
I'm guessing that ROB & Co. simply thought it would be easier to build their retirement next eggs for a couple of years by running this thing into the ground then it would be to actually build a company. No one could possibly be as inept and lazy as these guys.
With Clay in dispose, and the yahoo nmkt message board now gone, where does one go to view his daily dose of Phil bashing? There's got to be somewhere with all the damage he has done to the shareholders here. That guy clearly has more than a few enemies.
Glad we all finally agree on something.eom
His ego would never fit. eom
I feel sorry for the people who got sucked in to this most recent pump. Same old story with this stock, and it never seems to end.
There really isn't much $ volume going on here, but it's pretty clear that no one wants to sell which is sending the stock higher. Does that mean anything? Who knows, but I doubt it. Probably just go down again after his usual BS tomorrow. Anyone know what time his little talk begins?
Fat chance. Those suggestions might fly on Saturday Night Live but not here. Same old BS will prevail here. Bank on it.
Very impressive chart here. I would say that it looks like a suicide jump off of the Empire State Building, but that probably wouldn't be so steep. Great job Verges.
Very true. PR and then dilution, dilution, dilution. His thirst for shareholder's savings never seems to end.
Looks like its poised to break down through to the one penny level. Any more dilution and it'll probably go sub-penny. Management has created no reason at all for anyone to buy this trash. No interest anywhere.
Based on that letter, I guess he is no longer promising 120 mill. of rev. for '08. Surprise, Surprise! He's nothing but a bad joke.
Or maybe by the end of the day.
I don't know about that slob. This company is clearly in a downward trend, and dropping to the pinks looked intentional to me. SERIOUS lack of transperancy here. Even in this economy, any company that trades at a multiple of this one is seriously suspect. No one seems to want to buy into this story. GL.
Any bets on when this thing goes below a penny? The trend here is pretty clear, and I don't think that Dr. Phil has any clue or desire to stop it from happening.
There certainly is plenty of blame to go around. Whether certain individuals were either totally inept, totally naive, or engaged in outright fraud, I still blame all who had any position of "responsibility" within this so called company over the last several years. Every last one of them is responsible for screwing the shareholders here. No one made any credible effort to nip the fraud in the bud.
Yeah, with the exception of the "long" shareholders and the banks, everyone involved with this company made off like a bandit. They milked the shareholders for years with their lies, and then simply said bye bye. Sadly, they can attribute this message board for providing them with a LARGE portion of their loot. Typical Nigerian ripoff.
It does look like it's about over. Anyone know why they took this thing pink in an obviously intentional manner? The obvious or what? Hope you regular posters didn't buy this back in the .50's or above. I've been watching it for awhile, but have been afraid of management.
"greed and scheming."
Which one is Swift and which one is Basu?
Has he ever explained to the shareholders why he never has made any real effort at applying to the AMEX? I followed this one years ago, and remember him promising to move up to a better exchange, and since then he has moved down to the pinkies. An intentional move to the pinkies? You guys may be right when you say that this guy is a bit unstable. It sounds like he is more interested in being a novelist than a CEO of a company that is supposed to be focused on growth. He is a wonderful creative writer, but I don't really see how that will turn this into a real company and benefit the shareholders. I would say that he is probably in the wrong profession, but I don't think he could earn 250K plus a million perks as a creative writer. Sounds like another one of those luxurious pinky employment schemes for the executives to feed off of to me. Think I'll stay away and watch and see what happens here. Probably nothing good.
Call Hillary. She'll probably be meeting with the Nigerians soon after she starts her new gig. Maybe she'll threaten to get Billary to cut Nigeria out as a recipient of his sponsored charities if they don't pressure the xkem thieves to cease in their attempt to ROB xkem shareholders.
I hear that he's already on high ground. At his ski lodge in the Rockies west of Fort Collins happily spending our money.
It's hard to deny what you say, but with hard work and A LOT of money, it is not out of the question that ROB could be stopped. What he has done is clearly illegal, and it will take the entire village to stop his greedy scheme. The initial goal should be to give the original xkem shareholders SOME KIND of a stake in the new company. If ROB and company strongly resist, which they will, the goal should be to have them criminally charged and punished. We shall see.
Burg's in his seventies isn't he? I guess that would be another possibility. ROB has probably got a full-time doctor assigned to him to keep him healthy. I'm sure that he wants nothing to interfere with his scheme.
I'll donate to the cause. eom
Not making an effort to market and sell the drug is clearly an intentional effort to suppress sales. No doubt about it in my mind.
If production of Nicosan has ground to a halt, what will become of the thousands who are currently on this drug? Those cruel and greedy SOB's need to pay for what they are doing to so many. We really should turn the IBOX into a montage dedicated to the crimes of this gang. Truly sad.
Happy to see that you get it now. And yes, they love the fact that they are doing all of this under the cover of the economic meltdown.
Thanks for the history. Do you know if Verges still owns 63 million shares? If he still does, he must be getting killed here. I've looked at this one in the past and am glad I stayed away. At these levels it is getting tempting.
Nice points LMF. eom
So what is it that I am supposed to admit fiat? That I supported ROB Swift for MANY months like you? Sorry, but I prefer not to create lies in an attempt to please someone who admits to being bullish on Swift. Btw, unlike some, I do not look at this board as a popularity contest by seeking credit or approval from the masses. I have real friends, so I'll leave that pursuit to others.
Good post. I couldn't believe the turncoats on this board who bashed Pandey when Swift came in, and proclaimed Swift as the coming of the new messiah. I thought he was scum from the beginning. My problem with Pandey was that HE was the one who allowed the scum to ooze in under the back door. He should have seen it coming and commenced firing with both barrels. Hopefully he still has a few shells left and is ready to step up and use them.
The plan all along was clearly to jettison the shareholders and start over fresh with a debt free Nigerian operation. Shareholders were illegally given no voice in the matter over the past two years. All one big ripoff.
If his post about ROB's educational credentials was related to a previous post in regard to obtaining a picture of him, then that is not a bad idea. If anyone lives near Lansing, Michigan or Bloomington, Indiana you might want to drop into the campus library sometime and check out the old yearbooks. A picture wouldn't help our cause a lot, but it might be convenient to have one. After he reads this post, I'm sure he will go do what comes naturally to him and ROB it from the library.
Thieves belong in prison. I would much more prefer that my daughter date a three time convicted armed robber over ROB Swift. At least street criminals are more up front with their crimes. These guys are truly the lowest form of humanity.
Personally, I suspect that much of the last 16 months of the Swift/Basu gang has been spent developing an under the table relationship with the Nigerians. They need the Nigerians to make their scheme happen, and I personally believe they have been working on them all of these months. For one thing, why leave the equipment sitting in customs? Probably because they have a sweet deal with the Nigerians to release the equipment once they dump the Xkem International shareholders along with many of the creditors through BK. After that, a bigger piece of the Xechem Nigeria action for both the government and the Nigerian citizens in general sounds logical to me. I mean, this is Nigeria we are talking about!
How anyone could possibly think otherwise after all of this is beyond me. Cattle and sheep come to mind.
Because they spent the last year and a half intentionally running this company into the ground, and they plan on actually running this as a legitimate company after they jettison the shareholders who are responsible for financing the company in the first place. Another small piece of evidence that helps document their evil intentions.
It's possible, especially with this gang, but they might have a difficult time running this past the BK court since it appears that they basically plan on using new equity in the Nigerian operations to satisfy the creditors.