Xechem International Inc. (fka XKEM)

[drifterfcrc]

Someone in the member's only section of Pennypickers talked with Steve today and production is going full speed and has been for the last couple weeks. Construction has also started on the new Facility with Nexim Bank Money!! We all wonder about the 8.25 UPS loan and Steve stated has preliminary approval but final Signatures not in place. Since this is a conventional type loan then monthly payments have to be made to UPS so IMO that's WHY loan not taken out yet!! They are building up the supply and once initial distribution starts they have the revenue to pay it.
Also since construction is underway for the new Bld. and they will need to make monthly payments on the NEW loan then why NOT put it off. They appear to have verbal approval per Steve so it would be money in hand fast IMO!! Also they would have to be paying interest so until they have to have it or stop construction then IMO they know when they need the $8.25 million.