Xechem International Inc. (fka XKEM)

[06mets]

guys and gals, regarding the alembic loan, i was made aware from a very trusted and loyal friend that alembic has agreed to extend it 6 months. Based on this of which Pandey has agreed, Pandey owns 25% of a real estate holdigs company which owns the building in which xechem is located in jersey, it is valued at about 10.5 million, so pandeys portion is about 2.7 mill, he agreed to secure the alembic loan with his portion of the building, alembic agreed to extend it 6 months, to make it worth it for alembic they are obviously getting additional interest paid at around 8%, imo this is pretty big because it shows that pandey is putting his own money where hi mouth is, it shows he fully beleives in the company and the future of things to come, i think he stepped up to the plate big time, imo