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Imf, do you have any idea in regard to the dollar amount that is currently alleged to be missing? It must be substantial if ROB is using that as his justification for running this company into the ground.
Rubco said .50 cents by December, and Lochute a dollar by last summer. Still sticking with those positions? (COL)
Better hurry. Ch. 11 BK's like this generally result in nothing for the common shareholders. That is a fact. To make matters worse here, that was the plan in the first place in my opinion. They need to be attacked immediately if this BK filing is to be "nipped in the bud" in my belief. The shareholders who bankrolled this thing are on the verge of being left out in the cold. I believe this was all caused intentionally by ROB and company. Haven't I said this before? Sorry for being so redundant.
It should have been a dead giveaway when members of the investment banking crowd came in and took over this company. Those characters have no interest in building a company for reasonable profits. Their only interest is in working around the fringes of the law to make a killing at the expense of anyone who gets in their way. ROB's resume reeks of a failed scientist, and of someone who wasn't very successful in the investment banking world either. I guess he saw this as the opportunity of a lifetime to make a killing with the guidance of his partner Basu. Heartless souls. How Pandey could have actually fallen for this is beyond me.
Well, a lot of us knew that this occurance was only a matter of time. His plan all along was clearly to drive this company into nothing before reemerging with a separate entity in Nigeria. Get rid of us and profit from the remains. The only chance we had to stop him and his gang was to take them to court long ago for the purpose of forcing a shareholder's meeting. We could have dumped him and the rest of the SOB's, er I means BOD's, and found a BOD/CEO actually interested in building Xechem International as a whole, but if ifs and buts were candy and nuts we would all have a merry Christmas.
Now all we can do is hope for a few scraps and concentrate on punishing the crooks. I guess ROB informed many of the major holders what would be happening today, and that is where a lot of the dumping has been coming from over the past couple of months. Well, it has been fun (kind of), and I hope none of the regular longs here got hurt so badly that BK is in the cards for them as well. ROB and his thieving gang deserve nothing short of prison time for this greedy scheme.
The African connection makes me suspicious that ROB Swift is somehow involved in all of this! Obama is already consulting him!
http://www.aol.com.au/news/story/Obama-calls-for-swift-action-on-economy/1121641/index.html
Obama for xkem! (LOL) Obama was supposedly born in Hawaii in '61, and Hawaii become a state in '59, so I guess he barely slipped under the wire there. I say "supposedly born" because there are still some strong suspicions (and lawsuits) by some that he was born elsewhere and doesn't technically qualify. Who knows, but I wouldn't be surprised if Obama is forced to come up with additional evidence in court. I don't understand why an original birth certificate can't be found from '61. Still some constitutional questions about McCain's eligibility also, since he was born on a military base in Panama. The drama never ends.
That would be nice, but I wouldn't expect any immediate help from him, and immediate help is what we need. He obviously has a lot on his plate right now. Besides, he'll have to be gearing up for another campaign against Hillary and whomever in just two short years. LOL! Seriously though, we do need to try and get the word to him through every avenue that we can think of whether it's too late for us or not. It couldn't hurt.
Your efforts are much appreciated guys and gals. These scumbags, and yes I mean these scumbags, need to wake up and realize that there will be repercussions for their dirty needs. They have had more than enough time to attempt to make things right with this company. I just hope that they decide to make a sincere effort to avoid all of the trials and tribulations that await them.
Of course ROB and company could file the financials. I have been a CPA for MANY years, both in the practice of public accounting and as a financial executive for multinational corporations, and there is nothing other than THEIR OWN AGENDA that would keep them from filing. As I have been saying for close to a year and a half, this gang clearly has a plan, and it is getting very close to a major move on their part in regard to that plan. It is WAY past time to attack on all fronts. I am doing my part.
You tell 'em BB! BTW, would that be AM or PM, and do those hours consider DST? LOL!! PS, "dillution" only contains one "L" in the word, and I would love to hear some real evidence of no dilution here. I personally think this thing has been diluted out to 3.5 billion, but I would love to hear something concrete to explain the recent volume. Believe it or not, I am one of those sad longs around here. Thanks.
I guess that would cover ROB for a nice weekend on the slopes.
So are you saying that you think he is allowing conversions past the 3.5 billion limit which I'm guessing we have or nearly have reached? I wouldn't put anything past ROB, but he'd have to have some awfully big ones to try that.
Let's hope there is still a company to help on January 20th. ROB can't continue like this forever, can he?
Wrung out, and hung out. To dry.
Go for it zen. Feed his lying arse to a Nigerian Hippo. Actually, he doesn't lie very much because he never speaks. If he did speak, I feel very confident that every word out of his mouth would be a lie.
Since this company has MAYBE a million dollars in market capitalization, and is only a few measly million dollars in debt, why has not a Big Pharma company already swooped in and taken over this mess if Nicosan and its market is so promising? Anyone have any logical answers? Also, does anyone still believe that ROB is not currently putting the finishing touches of running this company into the ground for purposes of BK and reorganization for himself and the Basu group? Call me a basher if you wish, but I'm simply looking for any answers out there from the few believers still hanging on. To tell you the truth, I'm not sure how anyone could possibly be considered a basher in this situation. It obviously has already been beaten to death.
"That leaves a HUGE GAPPING HOLE in the story... What happened to the $40 million note Lariat owed to PGPM ? Why was the value of that contribution listed as an asset of Lariat in the transactions... but not listed anywhere as a liability owed to PGPM ???"
That, has been the 40 million dollar question with this company for the past year. How they plan on handling it is the ultimate question for PGPM shareholders. I'm not currently a shareholder, but I know someone who is, and if they do not handle it correctly, I suspect that litigation will be the order of the day.
Only logical behavior for thieves, liars, and overall crooks. To non-criminals it is not logical behavior at all.
And they individually receive enough cash to dine once or twice at Burger King, while the lawyers receive enough cash to wine and dine for months at the Del Frisco's of the world. Not exactly fair, but I guess a Whopper is better than nothing when you're hungry.
Well I tell ya what rubco, the time is NOW for you to do your dealing with Swift and the BOD in a court of law. What are you waiting for? Are you going to wait until it stops trading or what? What will turn that litigation light bulb on for you rubco? Just curious.
I wouldn't be surprised if the coward puts this company down and out of its misery on election day. He has shown that he will do anything to stay in the shadows, and with his warped logic, he might think that election day would be a good time for the bad news to get lost in the crowd. I am hoping that the biggest surprise of his life, is when he wakes up one morning and his roommate goes by the name of "Tiny" or "Animal" or something of the kind. He may well succeed in taking our money, but we should all do our utmost to ensure that the boy enjoys a little stripped sunshine. I wouldn't want to be him.
How much did ya get? I got a couple of mill. on Monday at .0002, but no fill since.
I heard that Ft. Collins, CO is very high on the list also. Wonder if there is any connection? LOL!
Not entirely true for me. They filled 2 million for me on Monday at .0002. I tried buying 5 million AON/.0002 for the last couple of weeks with no luck, but when I cut it down to 2 million they filled me. A total of $1,000/5 million shares is about all I'm willing to throw into xkem at this point.
LOL!! eom
Yeah, someone told me yesterday that over the past year, Edison , NJ is ranked as the most corrupt town on the planet. Lagos, Nigeria doesn't even compare. Go figure.
I still don't buy it. There have been more important issues than the Pandey lawsuit here over the past YEAR AND A HALF. Namely, building a company and in turn shareholder value. You build a company through pursuing every avenue in an attempt to raise revenues and profits, and the Pandey lawsuit becomes almost de minimis. The lawsuit is simply a lame excuse, but I do wonder who is purchasing these shares. I have no doubt that there is a plan, but exactly what that plan may be is difficult to discern. We shall see. Eventually.
More than a little sad that shareholders have to rely on fellow shareholders to dig up basic sales information which shold be PR'd by THEIR OWN company. Wonder what ROB's justification is for not PR'ing any positive "PR'able" events? The lawsuits? LOL!!
I found a picture of him below earlier in his career, but I was looking for something more recent. I think he was using an alias back then. Thanks.
http://i80.photobucket.com/albums/j182/swiftian/zaius2008/dr_smith2.jpg
Thrillseeker, here's the original 8-k from when the plague arrived on the scene 17 months ago. Looks like he didn't do much of anything for three years before being "installed" at xkem. Hid under the title of "consultant." Anyone have a picture? Seems like I saw one somewhere back then, but I haven't been able to find one.
http://www.secinfo.com/d1ZGUy.u2w.d.htm
True. I hope that the good guys bought the billion shares that were likely dumped by the PIPE over the past few weeks. You are correct in saying that they better hurry. I'm afraid that the SEC may not hold off much longer.
Time will tell. eom
Hopefully ROB Swifty will soon be held in federal custody without bail. No federal bailout for him.
By the way, are you saying that you have marbles? Gee, I would never have guessed!
There is no guessing in that 8k. That is fact in the eyes of your friend. He would not have filed it had it not been what he believed to be fact. Correct?
By the way fiat, it really does not take a whole lot of guesswork when your buddy makes statements like this. Read and attempt to comprehend.
"A substantial risk continues that the Company will need to seek protection in the near future under Chapter 11 of the US
Bankruptcy laws, due to the outstanding indebtedness of the Company, its past due accounts payable and multiple litigation. Accordingly, prospective purchasers of the Company's common stock and creditors seeking conversion of indebtedness into common stock should give careful consideration to the effect that a bankruptcy filing would have on their investment in the Company. Additionally, the Company has previously announced that it has received a letter from the Securities and Exchange Commission, dated May 14, 2008, stating that it will seek to deregister the Company's common stock. Although the Company has not received a notice of administrative action as of the date of this Form 8-K, it is expected that such notice will be forthcoming at some time in the future, at which time the Company expects that its stock will be suspended from trading by SEC and that SEC will seek to make the suspension a permanent halt."
Yeah right fiat. .0002 was just a guess. Is that your best? LOLAY!
"I will accuse him of any wrong doing"...Good choice. I knew that you would finally come around to the OBVIOUS!
Based on ROB's history, it could be a deregistration filing, a BK filing, or just a filing related to the PIPE conversions. I would prefer door number 3, but your guess is as good as mine.