Apparently, both the FDA and NAFDAC think this may prove to be a promising treatment for sickle cell anemia.
The Munchkin Man did his own due diligence on this stock. One of the company's lead researchers is a professor from Virginia Commonwealth University.
The Munchkin Man checked this out for himself. This professor is legit.
Here is a company which has apparently come up with a new treatment for sickle cell anemia and which has enjoyed research assistance from at least one reputable university professor in the U.S.
So why has the share price for this stock gone back down into the crapper?
The Munchkin Man has heard a number of theories.
The Munchkin Man has heard that the company is a scam. The Munchkin Man has heard that they constantly dilute their shares.
Those are bad things.
So why does a company, one which has apparently done a good thing, allow bad things to happen to its stock?
The Munchkin Man would like to read your viewpoints on this issue.
For purposes of personal disclosure, the Munchkin Man is a former owner of this stock. The Munchkin Man was able to sell it for a profit, even as it began to fall.
But to be honest, the Munchkin Man was expecting its share price to have been at least $0.25 by now.
So this is one instance in which the Munchkin Man was wrong.
Any and all comments will be welcome and appreciated, even if you ridicule and put down the Munchkin Man.
Even the Munchkin Man is not too old to learn.
Thanks in advance.
Good luck to all.
Best Wishes,
Munchkin Man
glassman
posted
share structure.....
On June 15, 2006, Xechem International, Inc. reached final agreement with Marjorie Chassman ("Chassman") regarding a bridge loan financing, whereby Chassman agrees to loan $1,025,000 to Xechem, in two tranches, one in the amount of $500,000 and the other in the amount of $525,000. The first tranche of $500,000 was infused on Friday, June 9, 2006. The second tranche of $525,000 is due by Friday, June 23, 2006. The note has been negotiated to convert into shares of our common stock at $0.015 per share (approximately 66,666,667 shares, excluding interest). The note bears interest at 8% and is due May 31, 2008. As additional consideration for infusion of the capital, Xechem will issue Chassman 66,666,667 warrants, exercisable at $0.02 per share for a period of 5 years. In addition, Chassman has agreed to extend the due date on all existing notes held by the Company to May 31, 2008. The loan has not been documented at this time. Upon documentation, it will be filed as an exhibit.
posted
share structure: STOCKHOLDERS' (DEFICIT) Class A voting preferred stock,$ .00001 par value, 2,500 shares authorized; 2,500 shares issued and outstanding -- Class B 8% convertible preferred stock,$ .00001 par value, 1,150 shares authorized; none outstanding -- Class C preferred stock,$ .00001 par value, 49,996,350 shares authorized; 15,931 issued and outstanding -- Common stock,$.00001 par value 1,950,000,000 shares authorized; 880,643,686 issued and outstanding 9,000 Additional paid in capital 68,702,000 Deficit accumulated during development stage (73,072,000)
Weighted average number of common shares outstanding - Basic a Diluted
THREE MONTHS ENDED MARCH 31, 2006 658,136,687 ====================
2005 259,668,718 ====================
==================== ==========
Common stock,$.00001 par value 1,950,000,000 shares authorized; 880,643,686 issued and outstanding 9,000
200 million shares are missing?
T e x
posted
"That the Munchkin Man is not the world class stock trader and investor that he truly is."
Tex says: "from the mouths of babes"
munchie?
sorry about all your "hurdles" in life. That many chemicals racing around in your brain must make it tough to even function, eh?
[ August 12, 2006, 22:17: Message edited by: T e x ]
10of13
posted
Munchkin Man...
My theory? I have contacted many "support" organizations here in the states...trying to find if someone ever heard of the "drug" that XKEM has to offer...you know..if something is being tested or tried some where in the world..seems the support groups and what not for that disease would have at least "gotten wind" of the possiblity???
No one has heard of it? Why? Maybe "the drug" does excist..but it isn't doing what XKEM claims it does? I don't know...but with out the varification and the "gossip" going on within the SCD "community" I lost "faith" that this "drug" was doing what it was claimed to do...
T e x
posted
"but with out the varification and the "gossip" going on within the SCD "community" I lost "faith" that this "drug" was doing what it was claimed to do..."
now, dadgummit?
that's a nice post....
metal1
posted
strike 1 = Nigeria? cmon, nigeria is a joke.
strike 2 = they have no money like 99.9% of BB and pinksheets hence the previous posts about loans and the issuance of hundreds of millions of shares. anytime they want to do anything they have to issue more shares to pay for it. they are missing any current hype to offset the constant flood of shares
strike 3 = no strike 3 yet as they are still operating. according to them anyway
money 76
posted
well just to speak about the product not effecting anyone is too early to say that.
they have the remedy . its matter of time a loan for them to meet the demand would bring this stock rocket high imo.
stock would go back up matter of time .
T e x
posted
quote:Originally posted by money 76: well just to speak about the product not effecting anyone is too early to say that.
they have the remedy . its matter of time a loan for them to meet the demand would bring this stock rocket high imo.
stock would go back up matter of time .
really?
no chit? ... where/how/when that remedy proven?
money 76
posted
quote:Originally posted by T e x:
quote:Originally posted by money 76: well just to speak about the product not effecting anyone is too early to say that.
they have the remedy . its matter of time a loan for them to meet the demand would bring this stock rocket high imo.
stock would go back up matter of time .
really?
no chit? ... where/how/when that remedy proven?
lol u have a problem sort out a remedy for that first .lol hehe
Phoenix
posted
quote:Originally posted by money 76:
quote:Originally posted by T e x:
quote:Originally posted by money 76: well just to speak about the product not effecting anyone is too early to say that.
they have the remedy . its matter of time a loan for them to meet the demand would bring this stock rocket high imo.
stock would go back up matter of time .
really?
no chit? ... where/how/when that remedy proven?
lol u have a problem sort out a remedy for that first .lol hehe
You should throw in a few more "lol", to up your credibility..
posted