posted
Purl Gurl, is it your opinion that patents worthless across the board, or is the intention of that statement meant for drug patents?
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I will remind you of my discussion of dilution.
XKEM is dangerously low on authorized shares. Over ninety percent of authorized shares are gone.
XKEM cannot secure lending through typical common share collateral; not enough shares.
What _will_ happen is one of two events.
More shares will be printed, probably another one-billion shares.
A reverse split will be effected to knock out share holders' percentage interest, then another one-billion shares will be printed.
On lending, XKEM is not up their necks in loans. XKEM is drowning in loans. Terms of the loans are very unfavorable.
Any new loans will be at maximum unfavorable terms and will require a cash influx into the lender as collateral. This will be effected through toxic dilutive lending. The lender will be issued millions of shares (not available now) which will be dumped on the market. The lender will skim five percent to ten percent off the top of shares sold to bank cash for lending to the XKEM company.
XKEM credit rating could not be lower. There is not a chance of any loans with favorable terms.
XKEM _must_ secure lending before moving ahead.
Some mistakes are made by participants. A claim is made XKEM is building a factory in Nigeria. This is untrue. An existing building is leased and equipment being moved in or said to be.
A claim is made Nigerians will be hired. This is untrue for professional staff. XKEM is importing their own staff.
On revenues, claims about revenue are untrue.
Participants here are making claims based on the maximum number of unfortunate Sickle Cell suffers paying $20 per "bottle" or whatever.
I estimate half of those victims are children. XKEM _cannot_ extract revenue from children.
All Sickle Cell victims, sadly, die young. The average life span of a healthy Nigerian is only fifty-six years of age. This places Sickle Cell victims with a viable employment time of perhaps twenty years, at best.
No participants have mentioned (other than me) many, perhaps most Sickle Cell victims are unable to work or not work full time.
Average income in Nigeria is two dollars a day.
These claims of a half a billion, a billion dollars in revenue are absolutely false and a tactic employed by pump & dump scamsters.
Add to all of this, the Nigerian government is skimming money off the top of all revenues, an unknown amount of money. This must be deducted from revenue estimates.
You participants sorely need to perform better research and certainly perform better thinking.
Play it straight with readers or do not play.
Dr. Kiralynne Schilitubi Professor of English
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* Interesting, those photographs of my teaching a post-graduate field geology course with one of my fellow professors, as I type, an earthquake just rumbled through. Coyote speaks to me.
English Professor teaching a post graduate geology course?
> Dr. Kiralynne Schilitubi > Professor of English > University of California at Riverside
Monday June 28, 2004 01:49 PM c.l.p.m. noise [ #19551 ] I see Godzilla/Purl Gurl/Kira/Whatever is back for the summer. So much noise, so little signal. Ugh.
Seems Purl Gurl is quite amazing in all her talents and has been doing them a long time.
lol just amusing myself
-------------------- Pull on your boots,Slap on your hat, Relax, and Enjoy the ride.
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quote:Originally posted by Purl Gurl: Some mistakes are made by participants. A claim is made XKEM is building a factory in Nigeria. This is untrue. An existing building is leased and equipment being moved in or said to be.
So doesn't that constitute "building" a factory. One can create/build a factory without laying brick and mortar. Many companies all over the world "build" factories inside of leased buildings.
-------------------- COMMUNICATION CAUSES LEARNING!!!!!
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posted
Patent infringment lawsuits are not a cakewalk though. They can drag out alot of resources from a company if they violate a patent. Even if it is a conceptual idea and not an actual product.
-------------------- COMMUNICATION CAUSES LEARNING!!!!!
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posted
I believe you opened the discussion on why patents are worthless. A simple question was given to you, a question that you appear to have the answer as per your original statement. Why answer a question with a question?
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"The lender will skim five percent to ten percent off the top of shares sold to bank cash for lending to the XKEM company."
My wording is inadequate and confusing.
For readers who are sincerely interested in learning, an expansion.
A lender is provided a set number of shares by a company in exchange for what amounts to a line of credit, much like your credit card.
Before any credit is issued, the lender sells those shares on the open market, banks the money generated, then skims, usually, five to ten percent off the top as a "lender fee."
This money, which is banked and earning interest for the lender, is then provided to the company, with set limits, as the company asks for "credit."
The cash is there but in an account much like an escrow account. The banked money belongs to the company but is controlled by the lender to protect itself; liquidation, bankruptcy.
These types of loans are often called "toxic" because dumping of shares by the lender causes heavy dilution of share value. In some cases, this is the toxic part, share value will drop so much, prices never recover but rather keep falling, sometimes into sub-penny values. This is a "death spiral" caused by toxic lending.
I am not writing this will happen to XKEM. I am writing seasoned traders will keep close watch, daily, for any indications of this type of lending about to take place or actually in effect.
When this type of lending is noted, usually a seasoned trader will immediately dump all shares. This adds to the toxic death spiral.
Another problem comes about through Hedge Funds. This type of investment vehicle watches for disfavorable lending or toxic lending and will often begin shorting the company stock knowing the company is in a weak position.
Naked shorts are very common for these circumstances. Naked shorting can destroy a company.
XKEM is not in a position of acquiring favorable A++ type loans. Again, XKEM credit rating is the lowest possible. Maybe Nigeria will be a lender allowing better terms. Might be more private placements will be effected. There are many different methods of lending.
However, current heavy dilution indicates the company is strapped for cash. This is a red flag.
Bottom line is seasoned traders will carefully monitor for any lending then plan accordingly.
Dr. Kiralynne Schilitubi Professor of English
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Nigeria's Foreign Economic Partnerships Fruitful– Obasanjo From Onyebuchi Ezigbo in Abuja, 07.10.2006
Add To Favorites Print This Article Post Comment President Olusegun Obasanjo has given positive appraisal of the country's economic and business partnership engagements with other world economies, saying the nation has recorded immense successes from such foreign deals in the area of sustainable development projects. Speaking during the launching of a multi-purpose high-tech Gamma Irradiation facility and Nicosan drug for sickle cell patients in Abuja, the President said, "it is important to acknowledge that our administration's policy to partner with worthy foreign industrialists for sustainable development of our country is recording successes". Against the background of several in-roads recorded by the country such as the one with launching of the first-ever curative drug for treatment of sickle cell developed through synergy with United States-based company, Xechem Pharmaceuticals, Obasanjo affirmed that international public private partnership (IPPP) is a sign-post for "positive global economic interactions". The President said one of the administration's economic policy strategy has been to also tap from the expertise and technological prowess of Nigerian professionals in the Diaspora. "Our goal has always been to ensure that we keep in touch with them to ensure that they are sensitized to be patriotically and positively disposed towards availing us their varied expertise when called upon to do so. It is my understanding that the process leading to the production of the drug 'NICOSAN' which is an efficacious phytomedicine for the management of sickle cell disease has benefited from this engagement", he said.
He acknowledged the critical roles of Nigerian scientists from the National Institute for Pharmaceutical Research and Development (NIPRD), Nigerians in Diaspora, especially Prof. Soji Adelaja, former Executive Dean at Rutgers University, Dr. Ramesh Pandey, chairman and Chief Executive of Xechem International and Minister of Science and Technology, Prof. Turner Isoun whom he said had worked against all odds to build the linkages and networks that made the discovery and development of the sickle cell drug possible. Through similar partnership with a Chinese firm, Nigeria was able to lunch her first-ever Earth-Observation -Satellite (NigeriaSat-1) and most of the critical infrastructural developments taking place the country's power, transport and petroleum sectors are also being driven under such bilateral economic partnership agreements. Commenting on the efforts at transforming the country technologically, the President described the steps being taken to restructure the country's science, technology and innovation system with assistance of UNESCO as part of the reform strides of the administration aimed at making the sector more proactive to national needs and to enhance efficiency in service delivery. He said the "re-engineering of the science and technology sector is hinged on the vision to make Nigeria a key participant and stakeholder in the application of new and emerging technologies and evolve a national economy that is technology-driven, private sector-led and knowledge-based". ------------------------------------------------------------
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quote:Originally posted by amswap: Boo, there was a problem with someone and I think rather than do something to that person, they just wiped the entire thread out.
nope...apparently one of those rare "technical difficulties"
That's funny!
Thanks Tex
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?
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Thanks Purl Gurl. Your posts have been a great help to me. I got out with 100% profit and without your insight that might not have happened,because if what your saying is true this thing is gonna just slowly going to go down. Good luck to everyone still in.
GREAT DD EGG!!! YOU ARE THE MAN!
-------------------- Men lie......Women lie........numbers don't.........
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posted
A few hours ago the topic of patents came up, and Purl did comment on the subjedct. I asked her a question and then received questions for answers. Not what I expected from her.
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