Bought in at the incredibly low price of $0.01/share...now where does it go??
I can't explain XKEM.OB...I'm just happy I own it!!
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XKEM -- Xechem International, Inc.
Com ($0.00001)(New)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
bellwetherreport.com: The Bellwether Report notices the Excitment surrounding Xechem International, Inc
Jun 22, 2006 (M2 PRESSWIRE via COMTEX) -- Xechem International, Inc (OTCBB:XKEM), is a company that our research team will be tracking over the ensuing weeks. They recently came out with a significant corporate development, causing a market stir. The BWR Research Team will continue to bring its subscribers cutting edge research tools, and second to none customer service.
Xechem International, Inc a development stage biopharmaceutical company whose focus and resources are currently being primarily directed toward the development and commercial launch of NICOSAN, which has shown efficacy in the prophylaxis management of Sickle Cell Disease, during the beginning of this week the company's Nigerian subsidiary, Xechem Pharmaceuticals Nigeria Ltd, successfully closed on a N150 Million Naira ($1.2 million) loan from the Nigerian Export-Import Bank.
The loan has a three year term, with a moratorium on repayment of principal during the first year. Xechem International is neither a borrower nor a guarantor under the loan facility in this transaction.
The money received by Xechem Nigeria is to be used primarily to facilitate the expansion of its facility for the commercial scale production of NICOSAN(TM), its promising Sickle Cell drug.
At the signing ceremony held at NEXIM's headquarters in Abuja, Nigeria, Dr. Ramesh Pandey, Chairman and CEO of both Xechem International and Xechem Nigeria, said, "The loan will enable the company to immediately begin construction of buildings needed to expand its commercial scale production facility in Abuja. It is a proud moment not only for Xechem Nigeria, but for the whole of Nigeria as well.
By taking this giant step with us, NEXIM Bank has confirmed to the world the great confidence it has in this project. This will not only accelerate Xechem's efforts in bringing NICOSAN(TM) to the market, but will also help build international esteem for Nigeria and the changing investment climate in that country. We are extremely gratified that we can now embark on our much needed expansion, and are particularly excited that we can do so with locally generated funds from a respected and reputable local bank."
The Chairman of NEXIM Bank, who is also Deputy Governor of Central Bank of Nigeria, Mr. Tunde Lemo, complimented Xechem for coming to Nigeria and setting up the facility to produce NICOSAN(TM) to treat an African disease for which there is no drug in the market.
Speaking of the dignitaries in attendance at the signing ceremony, Dr. Pandey added: "I am very pleased and happy to see Professor A.B.C. Nwosu, the former Honorable Health Minister, at this ceremony. It was during his tenure that Xechem obtained the exclusive worldwide license for NICOSAN(TM) from the National Institute for Pharmaceutical Research and Development (NIPRD).
I am also honored to see among those in attendance the Hon. Prof. Turner Isoun, Nigeria's Minister of Science and Technology.
From the beginning, he has been extremely supportive of our efforts and we are forever grateful for the interest he has taken in what we are doing in Nigeria."
Excitment has definalty picked up around Xechem International, Inc, as shares have jumped up over 25% on very strong volume. Analysts jump into this company as rumors about new developents begin to spread around the company. Currently trading at $0.039, this is a decent gain with no current developments to justify this trading. The BWR Research Team will continue to follow the market sentiment on this company and numerous others.=============================
I am HUGE! Bring me your finest meats and cheeses.
- $$$MR. MARKET$$$
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Originally posted by billyjoeJiesen,
Pure genius . I'll make my fortune selling the "dime stock dynamos" newsletter. Just a few minutes and I'll have my first killer list . What % of the $$ do you want for the idea ?
--------billyjoe
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