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[QUOTE]Originally posted by jack37: [QB] *XKEM* Home Office Visit Very Interesting Read! In reply to: None Date:7/13/2006 4:01:16 PM Post #of 25762 My trip to XKEM (7.13.06) - The Xechem office is located in the heart of New Brunswick, NJ. An old industrial city but also home to Rutgers University & the Robert E. Woods Medical Facility, which is one of the preeminent medical facilities in the state of NJ. The XKEM building is in an old converted warehouse 1 block from the medical facility. There is no fancy lawn or large glass building. It is a working facility. The building is old but clean. They are not spending money on fancy digs. They are more than adequate though. They occupy 35,000 sq. ft. of space, the entire 3rd floor of building B & it contains a working lab. The office was quiet today as it is being staffed by a limited group. There was Dr. Pandey’s Exec. Asst., the infamous receptionist, an accountant, lab people, & a few others. I spoke with Dr. Pandey’s assistant for over 1 hour. Six persons from the office are in Nigeria or enroute from Nigeria today. Dr. Pandey, the chairman & CEO was in Zimbabwe but will be in Abuja by tomorrow. He was in Zimbabwe giving a speech, which was well received. Howard Becker, the VP of Operations had returned home, but had not come into the office yet. As I had stated, I spoke with Dr. Pandey’s assistant for over an hour today, actually through her lunch break. This woman has been the one holding down the fort & is in good spirits. She said that she has gotten a lot of calls from investors this week. I began our conversation by asking how she felt about the future of Xechem. She is excited but apologized for not being able to tell ma how the share price will react. Nonetheless, she thinks they have turned a corner. For clarification purposes, I asked who were the officers of Xechem. Truthfully in all the DD I had done, I could not truly ascertain who the officers were. Xechem is really Dr. Pandey, Howard Becker, the VP of Operations & Col. Bhuwan Pandey, who heads the operations in Nigeria. That’s the staff of Xechem. Of course, Steve Burg, a member of the BOD, handles IR for them as well. This led to a discussion about additional staffing. This has been discussed by Dr. Pandey & Barbara and Barbara does expect to that they will be hiring in the future. She has expressed a serious need & does have input on the hiring of administrative staff. She is also a shareholder, although not anywhere near concerned as us. She bought her shares on the open market & like us, has numerous relatives invested in XKEM. She is aware of the recent stock prices but it really is of little concern to her. She is focused on working for the company. I do believe they were very unaware of the shareholder following that they have. From our conversation I got the idea that Dr. Pandey is a scientist & that his complete focus has been centered solely on getting approval & production in Nigeria. This led to our conversation about lack of information provided to the shareholders. Again, she was unaware of our need & desire. Information, such as the fact that he was at the Bristol-Meyers conference in Tennesse, or that he spoke at an anti-malaria conference in Paris, or that he was the invited speaker this week at a conference in Zimbabwe need to be made public. I informed Barbara, that information like this provides additional support for Xechem’s reputation. Another topic was production. It has started and is ongoing. Both Barbara & the poor young girl on the front phone stated this to me. They could not provide numbers, prices, for whom, but they did say they were producing. While I was there, Dr. Pandey called. He was in Zimbabwe & his speech was well received. He was excited about recent events but tired. He will be back on the 21st I believe. It is doubtful that he will be of any import at the upcoming conference in Nigeria if he is even there at all. Let’s end that rumor now. He will be in Bethesda, MD for theASP(?) Conference in the near future though. If he has any role of importance, some news should be available to at least shareholders. Dr. Pandey has been out of touch due to a situation with his cell phone. Seems that a number was given out by a rival service provider & some poor woman was swamped with calls, FWIW. Dr. Pandey sounded excited & happy from what I could make out. Other topics that I did broach were the $8.2 million loan. Barbara believes they will get it, but referred further questions to Steve. Support from Nigerian government – Barbara said they supported Xechem but that Xechem was still a foreign firm & that trust was being developed, although having Obasanj & Isoun made a great statement. As for me, I expressed the deep disillusionment felt by the shareholders concerning the lack of PR & news. It is something that Steve has made clear that is needed by XKEM & it is something that needs to be stressed by us. Overall, I’m optimistic. You have not invested in some multi-national corporation. It is a small company that is finding it’s feet. We shareholders need to be more vocal. Please do not stop at Steve. I believe that Howard Beckman, the VP of Ops is key. E-mails & phone calls must be made to he & Steve. I will be sending Howard, Steve, & Barbara the list of questions compiled from Penny-Pickers with a letter demanding answers to these questions & that they begin to be more informing for us. I am optimistic for the long term. I have stopped looking at the streaming quotes but will continue to press Xechem for more transparency and a more proactive outreach. It is my suggestion that we all do this. Again, I as optimistic as ever but also more aware. Go long & you should do very well. Best regards, Mike - - - - - View Replies » [/QB][/QUOTE]
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