posted
My presumption is you pump and dump scamsters will repost that worthless insulting news twenty times today, while writing words with an intent of fooling readers into believing this insolvent company has dazzling riches.
posted
Exactly what validation do you need Boodog? If you look at the actual African news publications it's been covered in detail. Here are 2 such headlines directly out of Africa. If these have been covered prior please disregard.
Nigerian Scientists Claim Cure for Sickle Cell
Daily Trust (Abuja) NEWS July 5, 2006 Posted to the web July 6, 2006
By Uthman Abubakar
Since the beginning of life on earth, diseases have existed. They emerge and multiply according to environmental changes and complications over time, especially bordering on social or group conducts, physiological behaviours and sanitary conditions, in the case of humans and animals, environmental conditions, soil contents and agricultural practices, in the case of plants. There are more numerous causes of diseases than have so far been discovered.
Diseases are not known until they emerge, and as they do so, scientists research into them to determine their causes and manufacture their cure. Many, perhaps most, diseases ravage life for a very long time and on a frightening scale before their cures are found. Some of such diseases have existed for ages, yet their specific cures have either not yet been found or they have just been found, but they have not been sufficiently tested and applied to determine their efficacy and safety according to the rules of medication.
Such di seases prominently include Sickle Cell Anaemia or Sickle Cell Disease (SCD), which has claimed umpteen lives without any specific cure until very recently. "I also lost a very close friend and classmate to the disease when we were in the secondary school five years ago. He was the son of Justice Abdul Aboki, a judge of the Kano State High Court," Jamilu Mohammed, a resident of Garki, Abuja recalled, saying, "We used to address him simply as Daddy and I can still recall that whenever it struck him, the colour of his eyes would change to blue, he would be weak and portions of his body would develop some rashes. Some sicklers have swollen body. Daddy died at the age of 20." In the United States, it is called the African-Americans disease or poor men's disease. Every other place in the world, it is called Sickle Cell Disease (SCD) or Sickle Cell Anaemia. Sickle Cell Disease is found to be on the scale of front row serious killer ailments such as cancer and HIV/AIDS. Most sickler s, especially in most African communities, shy away from public exposure. Currently, between 14 million and 16 million people are said to be suffering from the disease worldwide. Out of this number, 10 million are in Africa, which includes the four million in Nigeria. Sickle Cell Disease, according to scientific research, is a genetic blood disorder caused by a point mutation on the globin chain of the haemoglobin molecule.
The disease causes the production of abnormal haemoglobin which contains portions that stick together after the release of oxygen. These result in the production of stiff, abnormally shaped red blood cells, which do not flow freely through the blood vessels. The sickle shaped cells create clogs in the blood vessels, which prevent the flow of normal hemoglobin and oxygen around the body. The situation results in severe pain or "crisis," ulcers, blindness, organ and tissue damage and breakdown, which eventually leads to stroke, especially in young infants, and acute chest pain.
Research in the field warns that repeated crisis can also result in damage to the kidneys, lungs, bones, eyes and central nervous system. The most feared complication for children with the disease is stroke, which is said to affect infants as young as 18 months. Many children with the disease do not survive infancy or early childhood. Some scientists say patients below the age of 20 are at higher risk of death than those above that age. Adults with SCD, the research reveals, often experience a reduction in quality of life due to severe physical problems such as pain, hard-foot syndrome, acute lung complications that can result in death. Further, frequent episode of severe pain, crisis and hospital admissions, significantly affect the lives of the patients of the disease by limiting their ability to participate in normal activities. The socio-economic and psychological implications are that it consequently retards their economic and social advancement, deprives them of joy of living life to the fullest and instilling the fear of early death in them.
Researches into blood groups have shown that persons in the SS blood group are both patients and carriers of the disease, those in the AS blood group are only carriers, while those in the AA blood group do not have it at all. So, in a married couple, if both the husband and wife belong to the SS group, the children they would bea r would also be in the SS group, completely patients of the disease. If a member of the couple belongs to the SS group, while the other belongs to the AS group, there are higher chances that more of their children would belong to the SS. If both members of the couple belong to just AS, most of the children could be in the AS, while some could be SS members. A wholly AA group couple's children would be safe from the disease.
This situation tends to encourage blood test before marriage is contracted by a couple. Until very recently, there was no known specific drug for its cure. Every where in the world it is treated with either traditional medicines or, in the orthodox medical practice, with drugs meant for other ailments, which have some symptomatic similarities and effects with it. In the United States, for instance, a drug called Hydroxyurea (HU), used for the treatment of cancer, was also used for sickle cell disease. This drug, which is the only one approved for the treatment of the disease, is however, very expensive and found to be toxic, and patients treated with it exhibit severe side effects. So, it is said that there has not been any specific drug for the cure of sickle cell in the market, the world over.
In July, 2002, Xechem International Inc., a US-based pharmaceutical company, signed an agreement with the National Institute of Pharmaceutical and Research Development (NIPRD) for the research, development, production and worldwide sales and marketing of NICOSAN, said to be the only known cure for the disease now discovered. Before then also, another known cure is said to be a bone marrow transplant to replace defective red blood cells with donor healthy cells. Under this process, treatment has generally consisted of supporting therapies, which includes folic acid, anaemia, penicillin to prevent infections pleumococcal and influenza vaccination, pain killing drugs and intravenous injection fluid. NICOSAN, according to the researchers at NIPRD, is a non-toxic herbal product composed of extracts from tropical plants, each of which is said to be indispensable in the manufacturing of the drug.
It is said to have undergone clinical trials conducted in Nigeria by NIPRD and laboratory testing among others by the National Heart, Lung Blood Institute and the Sickle Cell Disease Reference Laboratory at the Children's Hospital in Philadelphia, U.S.A. Results of the se trials are said to have shown that the drug drastically reduced the degree of sickle cell formation, and the frequency and severity of SCD crisis, liver and kidney functions remained normal and patients gained appreciative weight. The clinical studies showed that the drug is an efficacious phytomedicine for the management of SCD. How was the journey to the advent of NICOSAN?
In August 2001, the Minister of Science and Technology, Professor Turner Isoun, had led a high profile Nigerian government delegation, comprising, among others, top government officials and scientists, to the United States to sign an agreement between Rutgers University and the Government of Nigeria in the area of Biotechnology. The delegation visited Xechem International Inc. and, consequently, invited its founding chairman and chief executive officer, Dr. Ramesh C. Pandey, for further development and the production of the drug developed by the NIPRD scientists. The drug, as developed by the NIPRD, i s a natural herbal preparation coming from Nigerian folklore.
Late Reverend Paul Ogunlaye, who was a pastor of the First Baptist Church in Oyo State in 1992, was said to have brought the drug in the form of a herbal recipe to the attention of the former Director General of NIPRD, Professor Charles Wambebe, and his team of researchers at the institute. The institute further researched into it with the financial backing of the Nigerian government and the World Health Organisation (WHO). The research included looking into how the folklore was doing it - mixing and grinding this and that herb, and then producing a decoction that can be given to the sicklers. In the western world, medicinal herbal preparations are called food supplements or, very recently, alternate medicine, not drugs. In China, they are called Chinese traditional medicine. "When I returned to the US and found that there is no drug for it in the market, I got more interested. Then I looked into the present popul ation of those suffering from it in the US, and I found out that it was just between 80,000 and 90,000, who, probably, may have migrated from African countries. There population was concentrated in the US in the areas where there is malaria," Dr. Pandey revealed. In the United States, genetic and pre-birth screening is said to have drastically reduced the incidence of the disease in recent years.
Apart from the over 80,000, an additional two million Americans carry the sickle cell trait. Although NIPRD had done some clinical trials - phase 1, 2A, 2B and placebo-control trials were done by Nigerian doctors and scientists, those data were not accepted overseas. To make the data and, subsequently, the drug, acceptable internationally, it is said that Xechem obtained the required Orphan Drug Designation from the US Food and Drug Authority. A similar designation was granted the company in Europe to cover all 25 countries of the European Union. Now there are five hospitals in the United States, including Children Hospital and Thomas Jefferson Hospital, both in Philadelphia, Sunny-Brooklyn Hospital in New York and Howard University Hospital in Washington DC for the application of the drug towards acceptability. NICOSAN was licensed with the government of Nigeria on 18th July, 2002.
The raw materials and its sources are all said to be within the country, although future international market demand could require growing and obtaining more material from overseas. The drug may be launched as soon as the National Agency for Food and Drug Administration and Control (NAFDAC) approves it. "We are looking into the issue of counterfeiting, but I can't tell you anything specific on that now, admitted Dr. Pandey, explaining, "First, we will make it a prescription drug. So we will know what is going on and how much of it is going out of the company. We may have some pharmaceutical stores to suggest the bulk purchasers. Counterfeiting has been brought to our attent ion by many people, but we are looking into how to stop it from happening to us."
The researchers believe that with the advent of NICOSAN, Sickle Cell Disease may soon be removed from the class of ailments having no specific drugs to cure them anywhere. As Sickle Cell Anaemia takes its toll on the human race, the global public awaits the efficacy of this drug, its standard maintenance, the height of its safety profile, its broad spectrum capacity and its affordability to patients of the disease who, perhaps, may never have hoped for any specific cure in the near future. That is if it proves itself to be the cherished specific cure for the disease.
Daily Champion (Lagos) NEWS July 7, 2006 Posted to the web July 7, 2006 Lagos
The first Nigerian developed anti-sickler drug, NICOSAN, will be launched today in Abuja.
Also to be commissioned is the Gamma irradiation facility situated at the Sheda Science and Technology Complex, Sheda (SHESTCO), Abuja.
The Gamma irradiation facility is to be used for food preservation, sterilization of pharmaceutical and medical devices, as well as polymerization and other industrial applications.
A statement signed by information officer of the complex, Ndidi Onuora, and made available to Daily Champion said the minister of Science and Technology Professor Turner Isoun assured that all necessary precautions have been taken to ensure safety of the products as well as continuity in the production of the anti sickling drug NICOSAN adding, "This is just an iceberg."
Disclosing that the drug, used for the treatment of Sickle Cell diseases, and produced by a pharmaceutical company, Xechem-Nigeria, has been tested locally and internationally at Philaldelphia children's Hospital in the United States the minister said the drug has been recognized by the World Health Organisation (WHO) for treatment of Sickle Cell disease, He also said it had been approved by National Agency for Food and Drug Administration and Control (NAFDAC).
The Director General of SHESTCO, Dr. Ayodele Coker, in the statement said achieving the drug was not by accident but by design, stressing that, "We contacted Xechem International after a conference held in the United State and I am happy that our dreams and efforts were not in vain."
-------------------- It will run when you least expect it. :)
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Sponsors On behalf of the Board of Directors of the Leon H. Sullivan Foundation, we are pleased to invite you as a key sponsor to the upcoming Leon H. Sullivan Summit VII, scheduled for July 17 – 20, 2006 in Abuja, Nigeria. As a Summit sponsor, your organization will be afforded a unique opportunity to engage the African Diaspora at a time and place where its constituents are eager and able to partner with international investors to further enhance Africa’s economic development.
Over the past several years, the summits brought together more than 18000 delegates, including heads of state, business leaders, and national celebrities from around the globe. The last Summit was convened by His Excellency President Olusegun Obasanjo in June 2003, who was joined by President George Bush, 11 African Heads of State, and over 3000 delegates.
As with previous summits, Summit VII will provide the forum for dialogue on critical issues affecting the continent, and will facilitate formal arrangements to mobilize technology, capital, and infrastructure development on the continent. The Foundation continues to work with key players, such as the African Union and NEPAD, to forge functional business ties between the Western world and Africa.
The theme for Summit VII is Africa: A Continent of Opportunities – Building Partnerships for Success. Our major goal is to identify best practices for Africa’s long term economic security by emphasizing (a) trade and investment opportunities, (b) support for the Africa Growth & Opportunities Act (AGOA) and (c) successful practices for corporate social responsibility.
We believe that your participation in the upcoming Summit VII will not only result in significant value to your organization but will be a historic occasion where the leaders of Africa, corporate leaders, and Friends of Africa will come together to carve out a path that will take the continent to the next level of development. Join us also as we salute other Caribbean, European and Latin American Presidents and Heads of State as they too march forward in this same quest.
We have included our corporate sponsorship package for your consideration. Please indicate your level of sponsorship and advise us accordingly. In the meanwhile, feel free to contact either of us for further information, or Hope Masters, President and CEO of the Leon Sullivan Foundation at (202) 736-2239.
Looking forward to working with you in Abuja!
Sincerely,
Ambassador Andrew Young Chairman Carlton Masters Co-Chairman
« XKEM Message list | Reply to msg. | Post new msg. « Older | Newer »
"Our pick for Tuesday, July 11, 2006 is Xechem International, Inc. (OTCBB: XKEM). Company put out big news this morning...Watch for early buying opportunities!"
-------------------- I may be wrong, but I don't think so....
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quote:Originally posted by Purl Gurl: Rather than dictate what readers are to believe, a pump and dump tactic, allow readers to discover truth on their own,
The level of pump and dump activities in this thread is disgusting; no meaningful discussion, almost all pump & dump fraud.
Coyote
the above link leeads you to several corruption / anti-corruption articles on Nigeria.
thanks for the link.........Egg
copy of page (link/follow):
*Nigeria: Corruption Must Be Stamped Outfor Nigeria to Progress ...
AllAfrica.com, Washington - Jun 28, 2006 ... by his law firm, Nigerian Law Publications Ltd, Fawehinmi said Uwais confronted corruption during his tenure as the Chief Justice of Nigeria (CJN) cum Chairman ...
*Nigeria: Corruption - Imo Speaker Dares EFCC AllAfrica.com, Washington - Jun 30, 2006
... Eweama, Nwagwu denied being involved in any corrupt practices, adding that he has long standing commitment towards prosecuting the anti-corruption war of the ...
*Nigeria: Corruption: CNPP Vows to Fund Probe of Govs
AllAfrica.com, Washington - Jun 16, 2006 ... said it is sad that the office of the Chief Justice of Nigeria could not release funds to ICPC to commence investigation of corruption leveled against 24 ...
*Nigeria: Corruption Has Increased Since 1999 - Report
AllAfrica.com, Washington - Jun 13, 2006 Inspite of the much touted campaign against corruption by the President Olusegun Obasanjo's administration since 1999, a survey, Report of Crime and ...
*Nigeria: Corruption: Falana Accuses Developed Nations
AllAfrica.com, Washington - Jun 23, 2006 Developed nations have been accused of fostering corruption in Nigeria, as they accept monies paid by corrupt officials into their financial institutions. ...
*Africast Nigeria: Obasanjo's reforms AllAfrica.com, Washington - 18 hours ago
... While there may be more awareness of the evil of corruption, while Nigeria may have been taken off the Financial Action Task Force list and our credit rating ... Ribadu: When silence is golden Nigerian Tribune Nigeria's telecom chief held News24 Nigeria to get fruitful Africast The Tide - Guardian Unlimited - all 11 related »
*Nigeria launches $4m fraud probe BBC News, UK - 14 hours ago
Nigeria's anti-corruption agency has launched a probe into allegations of fraud after a massive overpayment was made to a maritime organisation. ...
*Nigeria corruption law ruled unconstitutional Legalbrief (subscription), South Africa - 6 hours ago
... containing 10 major sections, empowered the Federal Government to police Nigeria’s State ... the Act as a ‘genuine effort to wipe out corruption’, and said ...
World Bank Spends N260bn On Power, Water, Others AllAfrica.com, Washington - 17 hours ago ... that, "I walk around Nigeria and talk to people like yourselves, the students. The feeling I have is that Nigerians are sick and tired of corruption, so they ...
Beyond matters of Presidential geography Daily Sun, Nigeria - 4 hours ago ... turn politicians, it is possible that those who truly love Nigeria will be ... deprivation sustained by years of uncaring and inept leadership oiled by corruption. ...
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quote:Originally posted by BULListic: XKEM is the pick of the day at Subway.com
"Our pick for Tuesday, July 11, 2006 is Xechem International, Inc. (OTCBB: XKEM). Company put out big news this morning...Watch for early buying opportunities!"
There may be hope yet! On average,picks by the Subway, if you get in early, go up 10%. That would be a welcome relief.
bid: .0498 Ask: .05
-------------------- E440 I won't be responsible for any losses resulting from anyone using my posts as part of their DD.
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posted
current on the BSE: ---------------------------------------------------- Description Exchange Currency Last Price/qualifier Bid / Ask Tendency Today´s High Previous Close Volume Derivate ISIN / Security Code No./ID Date Time Time Change absolute / % Today´s Low Opening Price Last / Total XECHEM INTERNATIONAL INC COM USD0.00001 US9838953019 / 548177 BER
current - EUR 0.044 b 11.07.06
B/A - 13:04 0.040 / 0.044 14:27
days change - 0.00 / -2.22% 0.044
previous O/C - 0.039 0.045 0.039
volume - 5,000 / 45,000 ------------------------------------------------------ I cannot find if PR was released in Germany. the 'news' search I did showed 'No News'... but I am not confident in navigating their site
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"CRG has been compensated thirty thousand dollars for XKEM. CRG was compensated one hundred twenty thousand dollars in past compensation for XKEM. CRG intends to sell its shares."
Are some of you being paid by Pandey to pump this stock?
posted
Dr. Akunyili wins 2004-2005 Africa Achievement Award Posted by Hoffman on 2004-03-15 22:21:00
DIRECTOR-GENERAL of National Agency for Food and Drug Administration and Control (NAFDAC), Dr. Dora Akunyili, has won the coveted 2004-2005 Africa Achievement Award. The news was conveyed to Dr. Akunyili in a letter by the executive director of the organisation, Mr. Ronald Mracky, who disclosed that she was being honoured because of her relentless fight against fake drugs and other substandard regulated products in the country. The award in the past was won by the likes of President Olusegun Obasanjo, Bishop Desmond Tutu of South Africa and former United States (US) and South African Presidents, Bill Clinton and Nelson Mandela. The 2004 award christened, Africa Civic Responsibility Award, will be conferred on Akunyili on May 21, in the United States of America.
Understanding the Fake Drugs Phenomenon Posted by Hoffman on 2004-12-20 13:08:00 This Day (Lagos) Posted to the web November 16, 2004 by Chuba Keshi, Lagos
Health watchers are of the informed view that the fake drugs phenomenon in Nigeria had, by the turn of the new millennium, reached epidemic proportions. As aptly considered by Dr. (Mrs.) Dora Akunyili, Director-General of the National Agency for Food and Drug Administration and Control [NAFDAC], the fake drugs crisis must be viewed with even more seriousness than the illicit trade in narcotics because while the victim of the latter is a willing soul, that of the former (fake drugs) is an unsuspecting and helpless victim.
posted
i see you guys are trying to drown out purl by posting PR's and DD. Just remember this is nigerian territory and things can change in a matter of a news flash. Lets just use caution. I don't see any scam, just a company that could certainly use Purls guidence on how they should be trying to clean up their act.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?
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The country of anything goes....... The country of anything goes By Olusegun Obasanjo
FOR over four and a half years - from November 17, 1993 to June 8, 1998 - Nigeria, which had been under military rule since the end of 1983, was reduced to a police state: a big prison with gallows, where intimidation, assassination, and deprivation were the instruments of misgovernance of the state by General Sani Abacha, a sadistic, apparently mentally deranged, corrupt, incompetent, arrogant, and ruthless military dictator. The question on almost everybody's lips was: why? What went wrong in a country of well over one hundred million people which used to take pride in its large educated and cultured population?
The answer lies in the gradual but steady erosion of moral and ethical standards that took place during the earlier military administration of General Ibrahim Babangida, who carried out a military coup at the end of 1984 and ruled between 1985 and 1993. It was at this time that, facing the gun, civilian political leaders acquiesced and abandoned their responsibility.
Some adopted the attitude of "sit down and look on". Others joined in the pillaging of the country by seeking patronage, recognition, and easy money from the ruling military cabal. As a result, the economy was shattered during the 1980s. Whether you were a politician, a businessman, an intellectual, or a retired military man, the seemingly easy avenue for personal economic gain was to accept a job from the military or to seek favour from or support by the military. Some academics abandoned their lecture rooms or research laboratories where they could only make a pittance; they accepted the cozy, cushy embrace of a corrupt, deceitful, and unscrupulous military administration.
Previously, independent and respected intellectuals became the mouthpiece and apologists for the military; they made excuses for General Babangida and his fellow military leaders, and helped them deceive and confuse the people. Respected social critics accepted money from the government and became compromised. To take an independent stand became an exception and an extremely risky one. Many outspoken critics of the government were assassinated. Dele Giwa, the founding editor of the weekly Newswatch, was killed by a letter bomb in 1986.
The Nigerian military men, who once could claim to be officers and gentlemen, became men of double-talk, unkept promises, and devious actions and behaviour inimical to public order and proper military conduct. But what was most deplorable was that with the pillaging of the society and the destruction of moral and ethical standards, those who might have been expected to try to sustain such standards - the by-now bought-up, co-opted, and corrupted members of civil society: politicians, intellectuals, journalists, business people - made excuses. They became defenders of a military administration which consciously or unconsciously embarked on systematic destruction of all that matters in a society - politically, economically, socially, morally, ethically, and culturally. The press and publishers who were not directly under government control were corrupted; they in turn hired and corrupted writers who pretended to be objective and independent, but who vigorously and viciously attacked opponents of the military regime.
In this way Nigeria became a nation of "anything goes", where anything could be rationalised and justified. Babangida shifted his ground and broke his promises so often that he earned the popular nickname "Maradona" for his fancy dribbling; his deceitfulness was widely defended and even praised as political cleverness, dexterity. There was no moral standard left in public life. Corruption and fraud became habits that trickled down to every level of society.
Nonetheless, the citizens of Nigeria persisted in calling for democracy. And Babangida, who had been promising a return to civilian government since September of 1987, and who was also facing increasing pressure to relinquish power, both from the international community and from members of his own divided military regime, finally seemed to be taking steps in that direction late in 1992. In December of that year he replaced his Council of Ministers with a civilian Transitional Council, headed by the businessman Chief Shonekan, which was given the task of monitoring and overseeing a return to democratic government by August 27, 1993. And on June 12, a presidential election was indeed held, although the only parties allowed to compete in it were two that had been created by the military regime in 1989. This election was apparently won by Moshood Abiola, of the Social Democratic Party.
Even though the election was considered a fair one by international observers, however, it was annulled a week later without any plausible excuse being given. Although, both a national commission monitoring the voting and one of the Nigerian courts were involved in the rigmarole of challenging the election, it was General Babangida who acted to invalidate it. Riots broke out in Lagos, and there followed a chaotic summer in which a number of possible solutions to the situation, including promises that the election would be rescheduled, were floated and then quickly cancelled; no one seemed sure what would happen next. Finally, at the eleventh hour, Babangida decided to relinquish power. On August 26, the day before the deadline he had set himself the previous year, he stepped down, naming Chief Shonekan the head of an Interim National Government. On the same day, General Sani Abacha - who had been intimately associated with the Babangida regime since 1983 - was promoted to minister of defence.
The responsibility of leading Nigeria was too much for Shonekan; he had had power thrust upon him only because he posed no serious threat to the continuing power of the military. The real power in this government belonged to Abacha, and Shonekan had neither the savvy nor the backing to challenge him. Within a month, Abacha had arranged to replace all the chief supporters of Babangida within the new government. Then, on November 10, the High Court pronounced the Interim National Government unconstitutional. A week later Shonekan stepped down, in favour of Abacha. It had been clear to many discerning observers well before Abacha struck that he had his own ambitions. But even after he took power, there was also a great deal of confusion about his intentions and abilities. Many Nigerians thought him nothing more than a light headed and empty-minded military officer who wanted nothing more than to occupy the presidency long enough to enrich himself and reward his supporters. But in the confusion surrounding the annulled election, some politicians and their followers looked for a "messiah", who, they believed, would proclaim the annulled election valid after all. That was the situation in which Abacha was able to take power. Some of the people who gave him encouragement and support believed that he would act in the public interest; that they could successfully use undemocratic means - the installation of a military government - to attain democracy. They ignored the fact that the man in charge was undemocratic at heart, as his record clearly indicated.
For his part, Abacha showed an unexpected capacity for deception. He brought the key men in the two political parties he had disbanded into the government he appointed, apparently with the promise that he would hand over power to Abiola within three months. But he made sure that he never committed himself to any definite date for the transfer of power, he used the nebulous phrase "brief period". Meanwhile he consolidated his position.
As could be expected, through all this time some people stood firm, un-purchasable, advocates, despite all intimidation and discouragement, of truth, good governance, and the interests of the country. But by November 1993 - when lying and deception of the people by the government, and deprivation of the rights of the people, and pervasive corruption had been made into an art - there was no critical mass, not enough of such men and women of integrity and conscience, to stand solidly against Abacha.
His model, as it soon became clear, was Mobutu of Zaire; it was his ambition to be the richest man in black Africa and the longest-ruling Nigerian leader. He could not achieve these two objectives without silencing the opposition of anyone who might stand in his way. Babangida had tried the tactics of domination through patronage, corruption, acquisition, deceit, and selective elimination of his opposition. Abacha had learned that these methods were insufficient; they had not worked for his tutor and they would be enough for him - and in any case, he did not have his predecessor's knack for subtlety.
So he used those people he thought could help him, and then, particularly if they seemed capable of questioning him, discarded them. His first cabinet, for example, included many important figures from the civilian government of the early 1980s, and even human rights activists; but within a year Abacha felt secure enough in power to replace almost all of these people. After that he embarked on a ruthless campaign of oppression, directed not only against those who opposed him but against those he believed uncompromising enough that they might oppose him. In this way, Abacha stole the property he was meant to guard and prevented the promised rescheduling of the annulled election. In the end he brought about both his own death and that of the presumed winner of that election. But before he died this summer, he managed to become the worst affliction suffered by Nigeria since it became an independent nation in 1960.
I fell into the group of those whom he could not corrupt and who would not make a deal with him. He knew this from my criticism of Babangida for holding on to power through error and intimidation. He decided to take preemptive action, and manufactured claims that I was plotting an impending coup. He used this fiction as a pretext for jailing, in addition to myself, some forty of his potential opponents including my former deputy, Major General Shehu Yar'Adua; Dr. Beko Ransome-Kuti, head of the Campaign for Democracy; prominent journalists; and some of the most capable middle-level officers of the army.
posted
NON OF THAT MATTERS. WHAT MATTERS IS THAT THEY CAME OUT WITH A PR AND THE STOCK IS GAPPING DOWN.
it is not maybe but it IS time to cut losses for those who rebought on the old run at the 0.08 and 0.09 levels...this is not going anywhere, short or long term. just look at it, gapping down on a pr...sad
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scottrade .0485 - .0486 downticking 560000 traded so far. looks like another day of bleeding. fluff pr's with no substance. do yourselves a favor and put your money somewhere else - anywhere else !
-------------------- I'm from Missouri - Show Me!
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if we follow this 'pattern' again. I will probably pull back and start to concentrate on other positions....yes I have a few others....LOL 15 to be precise. this is going to run it's course. it is now a mid-to-long play. IMHO
posted
I agree that today sometime would be a good day to cut your losses if you are down. I am looking to re-enter around the .03 area as the gap gets closed.
Possibly this afternoon to sell.
[ July 11, 2006, 09:46: Message edited by: Peaser ]
quote:Originally posted by Peaser: The country of anything goes....... The country of anything goes By Olusegun Obasanjo
FOR over four and a half years - from November 17, 1993 to June 8, 1998 - Nigeria, which had been under military rule since the end of 1983, was reduced to a police state:......
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