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Re: lmf1264 post# 196956

Friday, 07/10/2009 11:31:36 AM

Friday, July 10, 2009 11:31:36 AM

Post# of 203990
Shareholders have to put pressure on Swift to step down. I have written him 3 letters already. The last one I wrote, I told him we're contemplating a class action lawsuit against him and Burg.

I also spoke with Burg. He gave me the same story about Xechem India how Pandey hid true ownership from shareholders and how he overstated the number of patents that Xechem holds to the SEC. He also mentioned the $20 million debt and how he stands to lose millions of his own money.

I wrote them back and told them how these problems can be rectified. 1. Have Pandey amend the registration of Xechem India and turn over ownership to Xechem International.

2. Have Pandey file an amendment with the SEC to restate the actual number of Patents.

3. Turn over control to Pandey because NIPRID will not allow him to produce derivative Nicosan without legal ramifications. As a result, there's really nothing for him to re-organize. Xechem is a shell under him with no products to sell. Turning over Xechem to Pandey offers the best scenario.

Precious time is being waisted needlessly on litigation. We are two years into this mess with no end in sight.





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