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Re: None

Wednesday, 03/10/2004 3:54:16 PM

Wednesday, March 10, 2004 3:54:16 PM

Post# of 7045
re; XKEM.................

I've had this on my radar screen since they did the 1:3000 RS last June.
At that time I called for a bottom/bounce price of about a penny, maybe .009.
Twice in the last ten months this stock made me look foolish, when it bounced from about .13 to over .30

Now, at .085, it has broken through that .13 support level and appears to be back on track to my entry price.

Last month there were two filings,(forms 3 and 4), showing options for 5-million shares each at .01. The options were exercisable after 2/23 and good for 10-years.
The two individuals who filed these forms don't appear to have exercised the options, but I suspect that there are other options that have been issued and not reported.
They may have been exercised and sold, which would account for the recent drop in the PPS.

Either way, the PPS is dropping and when/if it hits the expected entry level it could be a very nice bounce play. Hopefully, the charts will give warning...:)

"Aim low Sheriff...They're ride'n snakes"
as usual...JMHO..SMD

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