No you have bashed XKEM and its business practices. I think my millions of shares along with others here will have an impact on any future vote. So your question is why did they need the ability to have access to another 1.5 billion shares if needed to the current 2 billion or so float?
Answer which I already said was to have flexibility for things like buying out small companies, which I think they did once already, and even forward splits etc..
At the meeting they said that they decided months ago to increase the A/S to 5 billion because there was no certainty that they would get the loans. They said that dilution was no longer an issue as long as they get either the Nigerian loan or a pre-purchase. One of which is very probable since UPS capital and Nexim loaned XKEM 9 million plus dollars. Sure they would do that with a company that has bad business practices right.
Right now I am very happy with XKEm. They continue to deliver on everything. The fact that they restricted themselves to 3.5 billion shares when they didn't have to was a signal to the market that they are taking sharholder vaklue seriously. If my view of the company ever changed I would sell not post my negative trash all over the board.
Sell don't complain. You don't like the company and its business practices so sell. Why are you here???????
My posts are my opinion, make your own decisions. And remember, all fear is an illusion.
AI
