Xechem International Inc. (fka XKEM)

[lmf1264]

Just remember that Xechem Nigeria and Xechem International are no longer connected as the Nigerian banks (NEXIM, Diamond Bank and Bank PHB) now own XN. There are no banks involved in the XI case and the Nigerian banks couldn't care less about XI - that I can say from personal conversations with more people than I care to admit.

Also understand that the "announcement" that came from the MD of NEXIM isn't necessarily a Government announcement. While NEXIM is owned by the Government, I don't know that I'd call it an official Government Announcement.

I exchanged emails with someone very close to the situation and he's not aware of any movement to get the drug into production, unfortunately. It doesn't surprise me though, they announced production to resume soon in Sept. of 09, Nov of 10 and now Mar of 11.