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[QUOTE]Originally posted by zowwie438: [QB] All, Looks like XKEM is going to be making some SERIOUS progress here in the VERY near future!!!! If you look at this (source below), XKEM will have to pay 16,600 to Alembic starting in July 2006 EVERY MONTH! I don't know about you, but if my corporation had a 16K a month recurring revenue hanging in the wind... I would be busting my arse to complete the agreement and/or boost my stock high enough so I could throw them some shares to make the debt go away. I think they will be making a wealth of press releases coming up in the near future to help boost their outward appearnence and drive up some "deals" before July rolls around. Source: http://sec.edgar-online.com/2006/01/06/0001144204-06-000647/Section2.asp Caption: Xechem agrees to repay Alembic in full the outstanding principal and interest remaining from the New Note as follows: $1,000,000 to be paid on or before January 31, 2006 (the "Initial Payment"), with the balance (the "Remaining Balance") due on or before December 31, 2006. Furthermore, for every month beginning July 2006, in which any portion of the New Note remains unpaid, Xechem shall pay to Alembic as additional consideration the sum of $16,600, for a total of up to $99,600. Zow [/QB][/QUOTE]
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