Replies to post #201429 on Xechem International Inc. (fka XKEM)

[lmf1264]

There seems to be a misunderstanding here... Xechem International and Xechem Nigeria are currently not "related". Xechem Nigeria has taken into receivership by the lenders (NEXIM, Bank PHB and Diamond Bank) and when that happened in July the doors were locked and production stopped. Nothing in the US has or will affect that, in fact the banks couldn't care less about the US Bankruptcy process (trust me on this one, I've discussed it with each of them numerous times). The only way Nicosan gets back into production is if all three banks, NIPRD and the Ministry of Health agree on a plan (that should give you some indication as to why this is taking so long...).

The delay in BK court isn't a bad thing, we are still trying to herd the cats...

[rubco]

AMA The CC want us share holders out of the equation, the way to make them change their mind is for Monty to get the Keys to XN and start Producing and Selling Nicosan. Remember that XI dont have the License for Nicosan anymore. Who you think may get that License, IMO the Nigerians trust Monty, and they dont trust RS SB or BASU, and even some on the CC.

In order to be suscesfull in a negotiation you must have LEVERAGE, and thats what we would have if Monty gets the Keys to XECHEM.

Now guess what POR the Judge will think to be the best in that case.