Xechem International Inc. (fka XKEM)

[smartmoney77]

With the UPS loan they may have been frozen on processing the loan until approval of the drug which came in July. In the case of Nigeria it may work like a construction loan with them having to wait for the first million to be spent before funding the next phase. I'm just guessing here but I can imagine many issues that would have to be worked out.

Anything the government does is incompetent. Imagine dealing with two governments and having to negotiate with both at the same time.

I personally have a friend that did a government backed refinance of a strip mall for about 2.5 million and it took several months. And that is a much more simple deal than this.

I also think funding validates revenues and we will move up with loan news. GLTY