Xechem International Inc. (fka XKEM)

[lsd673]

'light_the_way2001' you may be overlooking that the royalties are only on Exports, not domestic sales... thus my post below. Also the $65M is an average of the first two years.

Posted by: lsd673
In reply to: transam73wi who wrote msg# 72574 Date:12/14/2006 1:44:51 PM
Post #of 72601

If I remember right, that story came out in July this year, the N150M being about $1.2M. The $5M royalties translate to about $65M in EXPORT sales from Xechem, so expect that this is a long way off to be realized by the government since local demand will likely be met first, and that alone will take some five years to be realized following factory completion IMO