Xechem International Inc. (fka XKEM)

[drifterfcrc]

From the RB board.I spoke last week to Burg: He said

that the loan paperwork as far as he knew had no problems with it however he has no indication IF and When it will be approved. Steve Burg is not just a PR guy but is one of the Directors of the company. He CLEARLY said as soon as the loan is approved they would immediately post a PR saying so. They would not wait or plan a PR but would post as soon as it happened. Keep in mind since Steve is with the company he was somewhat vague so that he didn't lead me or hint anything. IMO its still completely up in the air with zero for sure anything. Steve did say the hardest part is finacing and that no American bank would get envolved and that they has to pay much more then they wanted for private investors but had no choice. He left me with he believes that those who stick around will be glad theyt did. Take that as your own interpretation.
- - - - -
I will find out if Steve did say that NO American bank would get involved? doe's that mean the UPS loan won't happen??