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It's another stock scam. Simple as that.
I'm sure they do, but given the industry any smart developer creates business strategy to adapt to the housing building environment. Problem here, Vinnie and team are not smart.
You must take into consideration Recession is here. Will it become into depression?
Also something I noticed on he last Q, even though Revenues and gross profit were a bit better Management was totally silent. Maybe they feel the pain that there is lack of buyers as several reports I have read?
Once again, management failure. Looking back on the blazing hot housing market and seeing the constant decline of $xtrm SP throughout is certainly concerning to me. Their inability to capitalize on PR'S and Great QR'S is sickening at this point. The one silver lining here is the market which $XTRM conducts business. Boise Real Estate should remain red hot (not as hot as early 2022) but the influx of Californians seeking cheaper property and the ability to remote work will allow for continued Boise Development.
Also something concerning of note: Kerry Angelo (Vinnie's Father) is also working at $XTRM which I only found out by doing some deeper digging. I hope the lack of transparency with hiring immediate family is the worst of it. I think that would be naïve of me.
$XTRM Long.
" And though this might be tough news for people who have bought in Boise and similar cities in the past couple of years, it’s good news for anyone looking to buy property — although it may take several months or even years before prices level out"
https://finance.yahoo.com/news/us-housing-market-returns-sanity-150000097.html
8s seems to be the loading zone
XTRM
XTRM Bid.0008/16M /// Ask.0009/3M Volume/20M
That’s been said for months and still nothing.
Volume is up and price is down… again.
XTRM Bid.0007/14M /// Ask.0008/5M Volume/0 Whats Next!?
I bought .0008s
Sounds good to me :)
XTRM
Can't be a scam. Amazing financials. Incredible growth market. Seasoned professionals running the home builds. Great business model. Top notch management. If it was a scam the SEC would shut it down. Audited financials coming. NASDAQ bound.
Did I miss anything?
Bidding 7s
XTRM
Consolidation. MM manipulation. Naked shorts. Buying opportunities. Average down. Know what you own. Patience. Shaking the tree.
Did I miss anything?
With the broad market catering horribly dont wonder if xtrm goes down to the next support 0005.
Last time it was at .0008 was back in August 2020 and bounced hard! Could we see a repeat here??
I still see it @xtrmbio
A news release will be provided soon
Lol he was making fun of their tweets
Any clue when?
So is winter...
I was checking XTRM pivot points in stockcharts and the next support is 0005. my hope is a dead cat bounce one of this days before it gets worse.
The only hope this ticker has at this point is for a OTC stock group to pick it up. Vinnie is such trash no communication at all. For a thriving construction company you should minimally post pictures and update tweets every other day, but crickets. I like the product but hate the team. Bag holding this POS until 0.00000000000.
XTRM at 10:24 AM
BID 0008 Size 19.8 M :: ASK 0009 Size 1.9 M
XTRM at 10:08 AM
BID 0009 Size 3.2 M ASK 0010 Size 5.6 M
Latest Ask 0010 This AM
OTCX 3M
NITE 1M
Still think this stock is legitimate?
thanks for the heads up.
Ask MM:
OTCX 3.88 M
GTSM 2.88 M
CDEL 1.85 M
NITE 10K
STXG 10K
i let my L2 drop for a while
is it same two mm's on ask still?
Will 0009 bid crater this week?
Good luck to you. It has been an utter dissappointment. Hopefully Vinnie resigns and XTRM can get someone with half a brain in there.
Deleted Extreme Biodiesel from my stock watch list. Next I will delete it from my ihub list. I’ve given up hope of buying back into this and it performing well. Good luck to all. Last post here…
Based on last trades today it looks like we will go back to 0008 again... If the general market retrace What it gained in one month some panicking is assured
>check the trades done mostly 0009, smalll amount at 001, MM is there to try small retailers to get impatience and sellout specially on Fridays. I have seen same #hit in other stocks.
Management is to be blamed , not a single note into whats going on with XTRM...
We know there is more in that .001 ask.. stxg shows 10k shares on L2 but is selling more than that at .001
at 9 am Bid 0.0009 :: 15 M // Ask 0.001 :: 0.01M
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.
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