Allstocks.com's Bulletin Board
Topic Closed  Topic Closed
Post New Topic  New Poll  
Topic Closed  Topic Closed
my profile login | register | search | faq | forum home

  next oldest topic   next newest topic
» Allstocks.com's Bulletin Board » Micro Penny Stocks, Penny Stocks $0.10 & Under » XKEM - Watch it

 - UBBFriend: Email this page to someone!    
Author Topic: XKEM - Watch it
mrinos
Member


Rate Member
Icon 1 posted      Profile for mrinos     Send New Private Message       Edit/Delete Post 
chart
http://stockcharts.com/h-sc/ui?s=xkem

Posts: 1220 | From: Denver, CO | Registered: Jun 2005  |  IP: Logged | Report this post to a Moderator
Abe Smith
Member


Rate Member
Icon 1 posted      Profile for Abe Smith     Send New Private Message       Edit/Delete Post 
on what indicators?
Posts: 558 | From: Ocala, Florida | Registered: Jun 2006  |  IP: Logged | Report this post to a Moderator
mindspin311
Member


Member Rated:
5
Icon 1 posted      Profile for mindspin311     Send New Private Message       Edit/Delete Post 
On January 5, 2006, Xechem International, Inc. (the "Xechem") and its subsidiary, Xechem Pharmaceuticals Nigeria Ltd. ("Xechem Nigeria") received executed copies of a series of agreements with Alembic Limited ("Alembic"), dated as of December 22, 2005. For a description of the new agreements, see Current Report on Form 8-K filed with the Securities and Exchange Commission on January 6, 2006 (File No. 000-23788).

As part of these agreements, Xechem and Alembic agreed to terminate an old note in favor of a "New Note." Pursuant to the terms of the New Note, Xechem agreed to repay Alembic in full the outstanding principal and interest remaining from the New Note as follows: $1,000,000 to be paid on or before January 31, 2006 (the "Initial Payment"), with the balance (the "Remaining Balance") due on or before December 31, 2006. Furthermore, for every month beginning July 2006, in which any portion of the New Note remained unpaid, Xechem agreed to pay Alembic as additional consideration the sum of $16,600, for a total of up to $99,600. The New Note bears interest at the rate of 8%.

As of December 31, 2006, Xechem had paid Alembic $1,000,000 of the principal amount due plus interest in the amount of $190,000 on the New Note. The Remaining Balance of the New Note ($2,000,000) plus interest and penalty in the combined amount of approximately $250,000 was due on or before December 31, 2006. According to the Termination of Agreements, if the Remaining Balance and interest is not paid on or before December 31, 2006, subject to written notice from Alembic and a right to cure within 10 days as set forth in the New Note, Xechem would be in breach of the Termination of Agreements and the New Note.

Xechem did not pay the amounts due Alembic on December 31, 2006. Xechem and Alembic extended the Maturity Date, pursuant to a Letter Agreement, dated January 4, 2007, to January 31, 2007. Pursuant to a second Letter Agreement, dated January 31, 2007, the parties agreed to extend the Maturity Date to February 24, 2007. As consideration for the second extension, Xechem agreed to pay to Alembic, in reduction of the indebtedness due under the Note, the sum of $100,000. Pursuant to a third Letter Agreement, dated as of February 24, 2007 (executed March 1, 2007), the parties agreed to extend the Maturity Date to March 31, 2007. As consideration for the third extension, Xechem paid Alembic, in reduction of the indebtedness due under the Note, the sum of $100,000 on March 1, 2007, which payment was a condition to the extension.

Furthermore, the parties agree that if Xechem makes a principal payment to Alembic in reduction of the Note of not less than $1,000,000, together with accrued interest, on or before March 31, 2007, then the Maturity Date will be extended for an additional six months.

As of March 6, 2007, the Company borrowed $480,000 from Michael and Betsy Brauser, which amount bears simple interest at 8% per annum and is due and payable in six months.

Posts: 263 | Registered: Feb 2007  |  IP: Logged | Report this post to a Moderator
mrinos
Member


Rate Member
Icon 1 posted      Profile for mrinos     Send New Private Message       Edit/Delete Post 
look at the chart, oversold, stochastics turning up, volume, white candle -
Posts: 1220 | From: Denver, CO | Registered: Jun 2005  |  IP: Logged | Report this post to a Moderator
doling2005
Member


Rate Member
Icon 1 posted      Profile for doling2005         Edit/Delete Post 
quote:
Originally posted by mrinos:
look at the chart, oversold, stochastics turning up, volume, white candle -

Where the hell have you been mrinos?? Call your mother.. Go XKEM
Posts: 2292 | Registered: Mar 2005  |  IP: Logged | Report this post to a Moderator
stevo
Member


Rate Member
Icon 1 posted      Profile for stevo     Send New Private Message       Edit/Delete Post 
XKEM running hard again - Chances of hitting .006+ are pretty good.

http://www.vanguardngr.com/index.php?option=com_content&task=view&id=2962&Itemid =47

RSI just passed 50, MACD crossing north, Sto's crossing north, TRIX going positive, PPO crossing north, ADX good, Aroon good, accumilation climbing, cmf green...

Posts: 147 | From: Orlando | Registered: Jan 2005  |  IP: Logged | Report this post to a Moderator
   

Post New Topic  New Poll  
Topic Closed  Topic Closed
Open Topic   Feature Topic   Move Topic   Delete Topic next oldest topic   next newest topic
 - Printer-friendly view of this topic
Hop To:


Contact Us | Allstocks.com Message Board Home

© 1997 - 2021 Allstocks.com. All rights reserved.

Powered by Infopop Corporation
UBB.classic™ 6.7.2

Share