Xechem International Inc. (fka XKEM)

[TheRaveninexile]

-The company said its financial problems had arisen "as a result of litigation and litigation expenses arising from the lawsuits of former officers, employees and consultants of the company — as well as third party lawsuits — and to protect the operations of our Nigerian subsidiary from default judgments and creditors, it became necessary to seek the protection of the court".



What a crock!

They have financial problems because they haven't sold enough PRODUCT!

Hello......... a business has to sell enough of what it produces to meet expenses. They can't even do that!