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[QUOTE]Originally posted by cactus33: [QB] [QUOTE]Originally posted by J_U_ICE: [qb] By: hardknock 8/4/2006 1:58:39 PM I talked to Steve Burg Look XKEM Must Read STEVE BURG SAID THEY DO HAVE REVENUES TO REPORT>>>>I talked to steve burg yesterday, he called me back at around 3:00 pacific standard time,(i'm in california) I've posted before about talking to people from the company, the secretary, who is indian, you can check past posts if you dont believe me. Anyway he said he CAN CONFIRM an institutional buy, he did not know the exact details, but he said for sure he can confirm it. He said they are running a pilot plant right now and are selling everything they make but are far from being near capacity. HE said they know that whatever they produce they can sell that is why they are working very hard to get the facility done as fast as possible. He stated that XKEM does have revenues and sales to report, and he was just waititn go figure out how much they are producing at this limited capacity and how much they estimate they will be producing with new facility...he said very very soon he will send out pr. He said they are looking into non dilutive funding. I asked if they would be interested in more private investors, he said that given that they do not want to dilute they would consider investors with a minimum 2-3 million investment and the share discount would be a maximum of 25%. He also said that they he would be reporting to us very very soon...then he laughed cause i asked for a time frame and he said, just know its sooner then expected. He's a very honest guy and anyone can call and ask these questions. He also said that the terms in regards to any shares that they would sell for funding would have to be very tight and may include restrictions so that they could not be dumped into the market. When i talked about the pps, he said if you believe in us, trust me, in time it will adjust itself, "we are way undervalued [/qb][/QUOTE]thanks juice... ! [/QB][/QUOTE]
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