Xechem International Inc. (fka XKEM)

[AMA1]

drift..the holders are the ones in control of the company. They don't want 8% if they can get 100++ return on their investments. They would rather convert at .01 this is a strategy used under the full ratchet clause that allows holders to convert at a discount. It protects them from suffering a loss if the pps goes down. It also gives them more shares.

Common shareholders are in a very precarious situation right now. Even if a CEO is found, BASU still has to exit. This is where we'll know what he really has in store for us. Hope and pray that's all we need to do.