Xechem International Inc. (fka XKEM)

[winwarz]

Just received email alert; translation

Hi guys ,i wasnt in on the call ,but i just received an
email alert from the office,,i called in and got a basic translation. Sources of offers still being verified !

The Portugues and Spanish are involved in attempting to make a purchase of approx. 15% of XKEM or about 200M shares for a private party.
The private party is offering a maximum of $40M or up to .19 a share. He is attempting to use different avenues to accomodate his needs.
It seems that Banif themselves are attempting to raise the bid in order to start some sort of bidding war.The .26 is what they are recommending as the high price.

Noone has of yet spoken to Dr.Pandey or the company as of yet.
The proposed investors are expecting a XKEM guarantee of at least $3M in first year sales in order to forward the offer.

15% of 1.4B shares is approx. 210M shares @ .19 = $40M

They said they may pay up to .19 a share. Not .19 for all shares,as many shares will be bought on the way up to .19

Still waiting for overseas veification of this through Banif and the mentioned banks.
It seems their brokers/traders are trying to run the price up on rumors. we'll see if its true or b.s. !!


winwarz