Xechem International Inc. (fka XKEM)

[AMA1]

Swift's plan to sell XKEM Nigeria and come up with Nicosan II does not make sense at all. First of all Nicosan II will compete with the original Nicosan. Secondly he has to raise funds to do research on Nicosan II which he may not succeed in doing. It's like starting all over again if I am not mistaken. I am sure he has to go through FDA trials before Nicosan II can be approved which will take years. Why go through all this when the drug has already been approved for sale in Africa and can be sold and monetized.

In my opinion, Swift's main goal is to settle XKEM's debt for as little as possible and then move on to something else whether it works or not. I doubt it very much that he has enough passion to successfully bring Nicosan II to market based on his attitude and the demonstration of contempt he has for the company. I hope creditors who are being swayed by his promises realize that he doesn't have the interest nor the passion to bring Nicosan II to market and hope that the judge sees this also and gives Dr. Pandey a second chance.