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You make no sense.
If they did, there would be an entry in the company financial statements regarding taxes. Interestingly there are no line items in either the income statement nor the cash flow statements that address taxes as there should be. So, how would OTCMarkets know what to report???
Exactly, hundreds of companies out there reporting millions to OTCmarkets and you think the IRS looks the other way? I don't think so. Even paypal, venmo, etc must report anything over $20,000 in annual receipts to the IRS for any person. Nobody gets away without paying taxes, and XTRM reported 2.5m in gross profits and 1m in net profits for last year. Even after business deductions its still hundreds of thousands of $ in federal taxes, if it's a scam how could this work for them?
Yes but the IRS can reference the reports to OTC markets no? Either way they could get themselves in a mess for falsifying the reports regardless.
And how do you know this? How do you know the IRS doesn't require OTCmarkets to report to them? Please send a link.
Reports to OTCMARKETS are not reports to the IRS. No one sees those IRS reports, so on one knows their tax situation…
Huggy serious question to you because I honestly don't know ... if a company such as XTRM reports the way they do with net profits, what do they do about the tax they have to pay? Why would a company report net profitability if they are not really making money to pay taxes?
dont worry about housing buble...HardRock has 60 Billion ready to buy it all....specially hot places like Bouse, Miami and Austin texas... XTRM should do ok
IMO, Our problem is our Leadership which is not suitable for us my feel is that they will leave soon. From last Report XTRM PPS should be not less than 0.0037 using a moderate PE = 10.
Gross Profit = $0.6 M
Shares = 1,612 M
PPS = 10 X (0.6/1612) = 0.0037
They lie about all kinds of things so why not?
you have to go by what is stated
in the reports. i kinda doubt they would lie about that.
Boise taking the largest hit in the country.
Top 5 Housing Bubble Markets
Reventure Consulting’s proprietary data analysis suggests that these five markets are in the biggest housing bubbles in America. Home buyers or real estate investors in these areas might want to exercise caution when making their home purchase decision. These cities could have as much as 40% downside in prices over the next several years.
Boise, ID Austin, TX Phoenix, AZ San Francisco, CA Salt Lake City, UT
Lololol this garbage isn't a SEC registrant company.
She has no restrictions on selling, obviously.
Either way when shes been issued 400m shares in the last 2 years shes certainly contributed to the constant dilution. I don't see pps going up anytime soon unless something miraculous happens. They're clowns with their lack of updates and PRs. I totally agree pps should be higher but they're not doing much to help their case
her shares are restricted
so she can only sell so many per quarter.
Sbarra shares however are not restricted,i would imagine that is the issue here.
but unless they let this go up in pps and attract volume,nobody will get paid.
it's a shame,the company is actually making money,a rarity in the pinks.
I think the buyout of NorthStar was designed to do just that, line her pockets. The debt is still huge and she is getting shares for both principle and interest. The name and ticker change never finalized despite the company baiting people that it was being done. If this company was acting for shareholders, they would be sending all profits to Rachel and renegotiating the debt owed. What she is owed is ridiculous especially being an agent who benefits for selling the NorthStar homes. This whole arrangement looks shady as hell. Not sure who is running things behind the curtain. I'm guessing we're not supposed to know.
I agree, my problem is the constant dilution. They need to quit issuing shares to Rachel or at the very least restrict them for years. she's single handedly killing this stock, and their decision to keep issuing her more is ludicrous.
there's nothing there
just a lawyer that does quite a bit of work in the OTC.
some people just need a boogie man.
XTRM Bid.0009/21M /// Ask.001/1M
You'll figure it out.
Hope you're right I'm at 5 million shares with an average of .0032 :,(
0009 21 M vs 001 1 M t hi is am , weak hands are out, hit the ask to get shares, XTRM VERY OVERSOLD, MARKET WILL REALIZE ABOUT IT AND BOOM!
Huggy, you keep alluding to Vic being the culprit here. I found one IHUB comment about him being a "shyster" from 6 years ago, other than that he's clean. what are you referring to?
Keep dreaming ,weak hands have left ,accumulation is on
Yup. And of course the financials are unaudited.
I.e. fake
Should have researched Devlaeminck.
can't really argue this. They're using shares as debt conversion which is just killing shareholders while Rachel continues to dump her 100s of millions of shares on to this thing. if the AS is increased again I'm dumping with her. Trash Vinnie, and Rachel.
Can this possibly go any lower? Sheesh ??
Not a single comment from management, do they care about shareholders ?
There's a typo on the balance sheet. The first column for assets is titled June 30, 2021, while it should read June 30, 2022. Sloppy.
This is Rachel’s piggy bank.
I dont see quaterlies out do you have link? TiA
Agreed, xtrm quite undervalue .
got that backwards hug
XTRM is NOT currently over valued,it is under valued by quite a bit.
the whole OTC is undervalued now.
the only fool would be one that doesn't take advantage of the slump and buy and hold for a while. not everything,but quite a few.
Concerning that most of the dilution just goes towards interest. Notes payable haven’t come down much
No thanks. I don't play the Greater Fool theory game on my fellow man.
looks pretty good
making money ,still a solid going concern.
like i said if the selling can back off you may want to buy a few.
doing much better than some whiz kids i could mention.
How does it look?
the quarterly is out today
right on time.
company is still making a respectable profit.
even with the debt to Cook and Sbarra this is way under valued.
if those two would just pull in the reins this could rebound very nicely.
Ever feel like a broken record???
Huge news coming, xtrm oversold ,pps should be at least 3 pennies
A news release will be provided next month
even though I'm long on this, this is hilarious. GLTA!
Just like Christmas…
I dont get the small sales under the bid ..been months of this bs.
STXG is back on the ask though..
Nice volume. Gonna need about 100m more to move the SP tho
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