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I would like to join-large shareholder-please contact me at dbler67@aol.com-I emailed you yesterday as well. Many thanks
I am absolutely sick to my stomach-to have a company that has so much promise declare chapter 11. This new board is down right despicable. I do believe in karma though and that is why I can keep my sanity and my wits about me. Shame on them for duping so many people.
Another theory more than likely is that market makers are selling to each other laterally to scare us out of our shares-they naked short sell this practically to zero-they hold all the cards. When they want it to move, believe me thay do it. I will never sell near these levels.
Could it be the company is selling the shares to finance themselves? Someone knows these shares will be worth alot in the future folks!!
If the Court case is decided and the financials are filed-all can go on to the business of selling nicosan. Since Pandey still owns shares and therefore can benefit on future shares increasing in value, I hardly think he does not care about perhaps financially gaining in the future if the co turns around.
I agree-I still think Swift is trying to paint the worst picture to make Pandey cave and just settle.
You mean diluting-who knows?
That could explain the high volume days-some dilution to fund the co
No I believe it is 10% of the debenture principal amount of $7,000,000 or $700,000-not $74,700
Oh here come the boiler room bashers-GO XKem!!
Of course you do-it must be so hot in the boiler room-GO XKEM.
I listened and heard alot of positives-i think big purchasing from states and possible government is around the corner. Trying to shake the stock tree?
Timed right before they walked the bid down-please spare me-true longs are on to you big time
What-that is your answer-based on what facts?
Yeah-what makes you say that-you sold last week?
Stock grants are compensation-we have to buy them-he just gets them for being a rat fink
He is getting paid-he is an old geezer and a liar-who would hire him?
To me Steve Burg is a hypocrite - playing both sides of the fence to save his ass!! Turned on Pandey.
I think it has more to do with them forcing Pandey to settle-better to have part of something than part of nothing. These parties should put egos aside and do what is best for the company. This is turning into the War of the Roses-there is a real risk that they will both ruin their wonderful creation over egos.
Yes and no-
Think of a personal tax return-would you file it knowing you lacked info or had wrong info and then amend? Or would you take an extension wait for the correct info and then file ? I am mad as hell as a long term investor to see a lack of filing but also see it as partially rational to wait to file after knowing if we are true owners of a subsidiary such as Xechem India.
Thanks-you can always feel free to contact me-I am a true honest long-been here since July 2006.
I do not think Pandey stole money-I believe that the expenditures were not focused and prudent to drive the nicosan sales solely-they were not narrowly focused-they were purchasing like crazy-even things not needed for immediate production. Swift explained he is only spending to meet current demand and that the factory and the staff is scaleable to meet the demand-man knows what he is talking about folks-he is a businessman
I believe Dr Pandey is a good man-but not the best business man-the focus of buying and his efforts were not just focused on nicosan the way Swift is doing now-focus was spread out - Swift is narrowing down and trying to minimize cash burn rate-trying to drive sales to fund the growth rather than dilute. Give the guy a break.
Hey Raven-
Thanks for your pm-can you email me at dbler67@aol.com-want to respond but do not have private message capabilities.
Meanwhile we are sitting well above the price we were last week and will only go up from here. Too bad my shares are not for sale
Thanks for saying this Lochute
These posters are scam artists who claim those of us who are educated and understand what Swift was saying and not saying yesterday was mostly positive have rose colored glasses. I for one do not have rose colored glasses-I am a CPA/Financial analyst who believes in this product and this company.
Do you work with him in the boiler room? This week just shows that when the good news comes-this stock will soar to new highs-I am long and strong and noone can have my shares.
Who are you?-Never saw you before!!
I am a lady
3.7 million is alot of money to go unaccounted for-and how do you know no money went to India-because Dr Pandey says so? What loan of $750000 was paid back? If no money went to India then why did Swift initiate litigation in Inda-because he has nothing better to do?
and it will-and better yet many sufferers will find relief and pain free existences.
Believe me if he had them it would be filed-it is some chore to try and reconstruct books under an incredibly hostile situation. I am not blaming or accusing Pandey of theft-just merely stating the obvious-if they could produce the financials they would. Without knowing if we own a subsidiary it is impossible to file a factual 10-k
If protection is sought under Chapter 11 -Basu's group-admittedly alot of Swift's friends will lose money too!! They will have no protection either-Doubt it!!
Documented where?
When a troubled business is unable to service its debt or pay its creditors, the business or its creditors can file with a federal bankruptcy court for protection under either chapter 7 or chapter 11. In chapter 7, the business ceases operations and a trustee sells all of its assets and distributes the proceeds to its creditors. A chapter 11 filing is usually an attempt to stay in business while a bankruptcy court supervises the "reorganization" of the company's contractual and debt obligations. The court can grant complete or partial relief from most of the company's debts and its contracts, so that the company can make a fresh start. Sometimes, if the business's debts exceed its assets, then at the completion of bankruptcy the company's owners all end up without anything; all their rights and interests are ended and the company's creditors are left with ownership of the newly reorganized company.
Wouldn't this mean that all the money put in by Basu's group would be lost? Swift's money is secured by the patent.
As a CPA I want to know how this company blew through 5.3 million dollars in 3 months-it still can not be accounted for? Is it in an account in India? Stockpiled in inventory? Without a 10-k we do not know.
Long and strong
Listened to the conference call again-some negative but alot positive-we have a drug that works-the capacity to make it-they will find the financing!! Why bother restructuring the loans if you intend to default? Let's face it-if in fact monies were diverted to India-these will be assets of xechem nigeria and any funds can be used to finance future operations. It is imperative that these lawuits are settled and that full financial visibility in the form of a 10-k be met.
Well said-thanks