posted
cactus, I like the fact that we're moving and nobody is following it much...just gives us a better base for blast off when everyone else decides to jump in.. those south end stock picker clowns are pumping XKEM again...some crazy short term target price over $2 or something...should be an interesting week or two around here...
Posts: 291 | From: NJ | Registered: Jun 2006
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posted
so um they want to add 5 billion shares huh? that figures....pretty much confirms xkem is going down through CD or something of that nature then...
Posts: 3086 | From: miami | Registered: Nov 2005
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posted
copy/paste from poster on another board named Googleaire...TIFWIW
The more I think about the A/S being increased to 5B the more I think its because XKEM management team wants to prevent the Takeover.
The increase in the number of authorized shares of common stock could dilute the stock ownership and voting power sure, [or increase the cost to]; a person/company seeking to obtain control of the company, thereby deterring or rendering more difficult a merger, tender offer, proxy contest or other extraordinary transaction.
Think about it, XKEM works their butt off for ten years only to have a Large-Cap Bio-tech/Drug Co buy them out for a fraction of the Intrinsic value [of a drug THAT WORKS]!!!
ps So how dose the average Main St person make money competing with the wealthy business suits on Wall St? Every single standout investor in history has exhibited one of the following rare traits...
1) The vision to identify a breakthrough product or service. 2) The knowledge to spot a diamond in the rough. 3) The courage to buy and hold when others have sold.
When you have a prospect such as XKEM the 3 intangibles become a perfect storm of OPPORTUNITY in the stock market.
Posts: 291 | From: NJ | Registered: Jun 2006
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Pursuant to Section 13 or 15(d) of the Securities and Exchange Act of 1934
Date of Report: September 19, 2006 (Date of earliest event reported)
XECHEM INTERNATIONAL, INC. (Exact name of registrant as specified in the charter)
Delaware 0-23788 22-3284403 (State or other jurisdiction (Commission File No.) (IRS Employer of incorporation) Identification No.)
New Brunswick Technology Center 100 Jersey Avenue, Building B, Suite 310 New Brunswick, New Jersey 08901-3279 (Address of Principal Executive Offices)
(732) 247-3300 Registrant's telephone number including area code)
NOT APPLICABLE (Former name or former address, if changed since last report)
----------
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
|_| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
<PAGE>
Item 1.01 Entry into a Material Definitive Agreement.
Please see the disclosure under Item 5.02 herein.
Item 5.02 Appointment of Certain Officers; Compensation Arrangements of Certain Officers.
On Tuesday, September 19, 2006, the board of directors of Xechem International, Inc., agreed to appoint Colonel (retired) Bhuwan C. Pandey as its vice president of international operations. Col. Pandey will receive an annual salary of $250,000, an option to purchase 20,000,000 shares of the company's common stock at $0.026 per share and customary vacation, severance, health and other benefits. Col. Pandey is the brother of Dr. Ramesh Pandey, the company's CEO, CFO, chairman and president.
Col. Pandey joined our subsidiary, Xechem India Pvt. Ltd., in 1993 as the managing director and member of the board of directors. Col. Pandey joined Xechem Pharmaceuticals Nigeria Ltd. on its inception in 2002 where he served as general manager. He is also a non-voting member of the board of directors of Xechem Pharmaceuticals Nigeria Ltd. and Xechem India Pvt. Ltd. A graduate from India Military Academy, he has a distinguished career in the Armed Forces of sovereign Republic of India. He served with the coveted regiment of Gorkhas, was awarded the PURPLE HEART and was recognized by the President of India and awarded the Army Medal (Sena Medal) for valour and selfless devotion to duty beyond the call and nature of service.
Col. Pandey received compensation for services performed for Xechem International, Inc. and Xechem Pharmaceuticals Nigeria Ltd, in the amount of $170,685 in 2004, $124,683 in 2005 and $125,000 in 2006. From 2004 through 2005, he received options to purchase 15,000,000 shares at $0.03 per share in 2004 and an option to purchase 500,000 shares at $0.07, and a warrant to purchase 5,000,000 shares at $0.15 per share. He has also loaned the company $10,000.
On Tuesday, September 19, 2006, the board of directors of the company agreed to appoint Howard Becker as its vice president of operations. Mr. Becker will receive an annual salary of $240,000, an option to purchase 10,000,000 shares of the company's common stock at $0.026 per share (which options vest over a period of two years, 4,000,000 of which vest immediately) and customary vacation, severance, health and other benefits.
For approximately one year prior to his appointment, he served as our consultant. Before joining us, Mr. Becker served as a business consultant to a variety of companies through his private consulting firm. Mr. Becker is also a licensed attorney and practiced law for eighteen years in New York City, specializing in business reorganizations and corporate restructuring, including ten years at Kaye, Scholer, Fierman, Hays & Handler, LLP. He was also associated with Skadden, Arps, Slate, Meagher & Flom, LLP and Milbank, Tweed, Hadley & McCloy, LLP.
Mr. Becker received compensation for services performed for the company in the amount of $98,000 in 2005 and $120,000 in 2006.
<PAGE>
Item 9.01 Exhibits.
(c) Exhibits.
None.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: September 25, 2006
XECHEM INTERNATIONAL, INC.
By: /s/ Ramesh C. Pandey, Ph.D -------------------------- Ramesh C. Pandey, Ph.D
Posts: 291 | From: NJ | Registered: Jun 2006
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quote:Originally posted by madmax526: cactus, I like the fact that we're moving and nobody is following it much...just gives us a better base for blast off when everyone else decides to jump in.. those south end stock picker clowns are pumping XKEM again...some crazy short term target price over $2 or something...should be an interesting week or two around here...
Over 1,000 trades today with $1.8M trading is a good sign. Remember last week the avg # of daily trades was 350+- w/ $700K+- so things are looking up going into the 4th Quarter.
Several Hedge Funds have XKEM on their radar screens and Q4 is poised to have XKEM on the OTCBB Most Active List evereyday from now well into '07 with pps hitting .25 to .35 [maybe HIGHER] Remember the 5,000% pps target is $1.55 so the intraday spikes/dips are inconsequential because it's the weekly XKEM chart that says hold until further notice.
Have a good week Longs.
Posts: 291 | From: NJ | Registered: Jun 2006
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posted
im gonna sell some today for a profit that ive had for a while, i may regret it, but i need the money right now, lol
Posts: 6397 | Registered: Jan 2006
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posted
nobody can blame you for that...I've been on such a roller coaster ride with XKEM that these dips don't affect me the least bit...good luck..
Posts: 291 | From: NJ | Registered: Jun 2006
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posted
they keep adding people to the payroll and giving them all the good shares that .11 may take a while.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
Boodog, might want to read yesterday's PR again...they didn't give anyone any shares..only the options to purchase shares at .026...also, I would assume that with the company adding to the payroll that they are expecting some nice revenues coming in...and one might also assume that in order for these revenues to come in that the loans would be needed for completion of the facility...I'm 90% sure the loans are a done deal right now...I think .11 is possible again in the near future...
Posts: 291 | From: NJ | Registered: Jun 2006
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posted
U.S.- Africa Infrastructure Conference Date: 9/27/2006 Organizer: CCA Location: Bethesda, Maryland Contact: Tim Bergstrom tbergst...*africacncl.org 202-835-1117 (fax)
Description: The Corporate Council on Africa is the premier U.S. event for U.S. companies focused on infrastructure opportunities, project development, and financing. www.africacncl. org/(hcv4vsnuf1s2wa451zlpzh55)/ event_detail.asp...
UPDATE ON XKEM LOAN [its coming boys]
Ex-Im Bank is an independent U.S. government agency that helps finance the export of U.S. goods and services to emerging markets throughout the world by providing loans, loan guarantees, and export credit insurance. In the past six years, Ex-Im Bank has supported over $3 billion to Africa.
Ex-Im Bank Approves a $300 million facility for Nigerian Banks Following recent positive developments in the Nigerian banking sector, Ex-Im Bank has approved a total of $300 million allocated among 14 Nigerian banks. The consolidated facility will expedite the processing of short- and medium-term Ex-Im Bank financing for the purchase of U.S. goods and services by Nigerian buyers. Each of the banks has been pre-approved for amounts of $10 million and higher, which may be renewed. By delegating authority to the vice president of Ex-Im Bank's Trade Finance and Insurance Division to commit the coverage, the Bank will further speed the processing of transactions. The Nigerian banks are not limited to the new financing facility, and are eligible to apply for additional Ex-Im financing under other programs.
Posts: 291 | From: NJ | Registered: Jun 2006
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quote:Originally posted by madmax526: Boodog, might want to read yesterday's PR again...they didn't give anyone any shares..only the options to purchase shares at .026...also, I would assume that with the company adding to the payroll that they are expecting some nice revenues coming in...and one might also assume that in order for these revenues to come in that the loans would be needed for completion of the facility...I'm 90% sure the loans are a done deal right now...I think .11 is possible again in the near future...
if boodog is not interest on this ,he will miss the good(dog) things
LMAO
read that 8k again
Posts: 4112 | Registered: Jun 2006
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posted
I was referring to the pre 14a. but yes Mr Becker also should get a pretty nice piece of the pie. And not nec new people, just moving them around to get even more. 5B shares, might as well spread them around.
[ September 27, 2006, 05:50: Message edited by: BooDog ]
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
Boo, this is from a friend of mine...makes sense to me:
The more I think about the A/S being increased to 5B the more I think its because XKEM management team wants to prevent the Takeover.
The increase in the number of authorized shares of common stock could dilute the stock ownership and voting power sure, [or increase the cost to]; a person/company seeking to obtain control of the company, thereby deterring or rendering more difficult a merger, tender offer, proxy contest or other extraordinary transaction.
Think about it, XKEM works their butt off for ten years only to have a Large-Cap Bio-tech/Drug Co buy them out for a fraction of the Intrinsic value [of a drug THAT WORKS]!!!
ps So how dose the average Main St person make money competing with the wealthy business suits on Wall St? Every single standout investor in history has exhibited one of the following rare traits...
1) The vision to identify a breakthrough product or service. 2) The knowledge to spot a diamond in the rough. 3) The courage to buy and hold when others have sold.
When you have a prospect such as XKEM the 3 intangibles become a perfect storm of OPPORTUNITY in the stock market.
Posts: 291 | From: NJ | Registered: Jun 2006
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posted
I have a post on page 66 near the top commenting on the 8k max. can't beat it to death but even though that is a stated possibility. IMO a company like bristol could buy the float or what was left with no problem (and would already have 1 hell of a stake if they were interested from long ago). I don't see it as a buy out prevention tactic at all.
Did anyone get a conference schedule to see when pandey was presenting?
2:55 p.m. Reproductive Issues in Patients with Sickle Cell Disease Cynthia J. Rutherford, M.D.
3:20 p.m. Hydroxyurea: Where We Are and Where We Are Going? Zora R. Rogers, M.D.
3:45 p.m. Questions, Comments, and Wrap-Up George Buchanan, M.D.
3:45 p.m. BREAK Reunion G & H
4:00 – 5:00 p.m. SPECIAL PANEL: TREATMENT OPTIONS AND CLINICAL TRIALS Landmark D
Iron Overload Carole Paley, M.D.
Nigerian Experience in the Development of the New Anti-Sickling Natural Herb Drug Ramesh Pandey, Ph.D.
[ September 27, 2006, 09:32: Message edited by: BooDog ]
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
end of the day almost on Friday. Not the best time slot but he's in there.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
Boo, there's a guy on pennypickers that is going..he's posting his thoughts on it after he gets back...I'll copy and paste them here when he posts them...also know another guy who is friends with a doctor that is attending, so I'll post his findings too when I get them..
Posts: 291 | From: NJ | Registered: Jun 2006
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posted
Awesome Max. Thanks. I’m hoping he has an audience that can ask questions and get a little exposure. Getting a look on site at the response would help everyone.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
Hang in there people do what you must the dd has been done and we all know that this drug works.
When the world starts to pick up on this and they feel it is is not a scam out of Nigeria this will take off.
But I really believe that this has turned into a long term play. As soon as they can supply all of africa this will rock. Thats when the word gets out
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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