I have tried to figure out what the problem is with our boardmates Mets and JoChef. I got very concerned that they are questioning the legitimacy of XKEM and rightfully so. After reading all these posts and making a few phone calls myself I am resting assured that all's well.
I have come to the conclusion that Dr. Pandey had to do every thing he could to move this company forward. When you are a struggling company with no assets, and up to your eyeballs in debt, it's very difficult to find a large, glossy company to back you. What's important to me right now is that the $9.38 million loan has been approved. The plant is in construction. The FGN is involved with NICOSAN and has a stake in the profits. NICOSAN is being produced and marketed.
FIAT met with Dr. Pandey and has reported favorably to the board. If any one is concerned about the company or companies XKEM wants to use to provide fabricated offices and equipments, please call Dr. Pandey and make other suggestions. He is transparent in dealing with shareholders. He is trustworthy and honest.
XKEM is still a speculative stock but with current developments, I think we'll make it. JMHO.
