Xechem International Inc. (fka XKEM)

[lmf1264]

Couple of responses:

1). Yes, there's a warehouse full of raw materials, I've shown pictures of them:

http://goo.gl/AKN7

There are a few more in there if you care to look at them. I took those during a plant visit in October (I think, I can't remember off the top of my head), it was my fourth attempt to get in the doors.

2). Xechem was not granted marketing status, so the seven years of exclusivity hasn't started yet. I spoke to the guy that heads the program and he walked me through the process since Xechem owns the Orphan Drug Designation status. Unless Xechem is granted the license back whomever does get it will have to fill out the paperwork all over. It's not a long process, takes a couple of months and it isn't all that difficult to accomplish, it's getting marketing status that takes a bit of time and effort.

3). The Nigerian Government, in many forms, supports Nicosan and will back it. I don't have any specifics that I can discuss because there is nothing that we have been able to work on officially, but in the many meetings that I've had, there has been a lot of interest in working together on a variety of projects. Right not it isn't the Nigerian Government exclusively holding up the process, it's the banks, it's NIPRD, it's the Ministry of Health and it's the guy they all hired as the Receiver to handle turning company over to a qualified group. It's been an incredibly frustrating eight months, but there's been movement as of late, so we'll see what happens...