UPDATE
Hey guys, I am not going to talk about any more PR predictions. I will however, post VERY CLEAR information from my discussions with Steve Burg and others at XKEM. I just spoke with Steve for half an hour about a number of topics.
1) Why has there been no update PR on revenues as he had discussed with several of us last week?
He said that last week he was trying to get something out to us. Unfortunately, the decision makers on what was ALLOWED to be released in terms of revenue based information, were out of town working on other important matters. They were unable to review the information put together by Steve. He said that those decision makers are BACK this week. He also said that he has done everything in his power to get them to dedicate some serious time today and tomorrow figuring out exactly what information to provide us with. He said that he has emphasized the need to communicate with shareholders NOW.
2) Any update on the UPS loan? What is taking so long?
He has heard from the folks working on the loan TODAY, that the loan is VERY CLOSE to being closed, and that they believe this is IMMINENT.
3) Status of construction of new facility.
Construction of new facility is on plan, and they do not anticipate any delays.
4) What are your thoughts on current PPS drop? I said to him, that at this pace, it will be less that $0.02 by the end of the week. I do not believe this will happen, but I was looking for a reaction from him, and trying to communicate the need for information.
He said that the drop will end, and in his opinion, the PPS will not see those levels.
5) When did sales begin? I told him, that some here posted that sales began 1 week ago. This would be impossible, because the July 26 PR had said sales had already begun.
He said he was wrong in saying 1 week, and that the sales had begun 3 to 4 weeks ago.
That is it for now guys. I will continue to support XKEM IR function, until they get their own crap together.
later
BigD
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