Xtreme Technologies Inc (fka XTMG)

[Stock]

http://washingtondc.fbi.gov/dojpressrel/pressrel07/wfo090607.htm

[markrhead]

I am sorry for the mis info...got confused with another on OS. It was a 1 for 500 RS, but you are right about 185k shares. I had a bid in for $2.50 not .25 but still no fill. Sorry still hold 250 big shares I guess at $4.90 post split

[earlytxbird]

Wow, now I am really confused! I thought it was a 1 for 20 RS, and the company said 185,500 O/S with 45,500 restricted. All I was trying to do was verify anything........anything at all, and find out when the restrictions came off. That, and buy for .025, lol.

~jj

[markrhead]

What do you need to know...the 500 for 1 RS has happened and now there are 850K or so shares. News will happen soon. Holding for now. tried to get some at $.250 since this morning and no fill

[earlytxbird]

Couple of other things......tried the old web site listed on Pink Sheets (www.xtremeoilandgas.com), and got nothing. It has apparently been pulled down. However, www.emeraldepi.com will get you right back to the same "old" website.
I just called the transfer agent to see if I could glean any information from them. They are useless. Wont divulge anything to anyone, except the company telephone number. Only acknowledged the ticker symbol change, and said they had no knowledge of any other filings.

~jj

[earlytxbird]

Pink Sheets now shows that the new ticker symbol is XTOG. No other info for company available. Help me out here.............

~jj

[Traderstill]

They were a reseller of business type discount communications IE landline service, long distant, and phone systems

[earlytxbird]

Well, the good news is the president, Willard G. McAndrew III responded within 24 hours! The bad news is it was a one line response.

"We are in the process of preparing our 15c 211 in which the majority of your questions will be answered."

If we are looking for positives, I suppose one would be that they will communicate. How well remains to be seen. Guess I'll sit in line with the clutch pushed in, revin' the motor 'till something breaks.
Traderstill, what was this company doing when you originally got in? Just curious. GLTA

~jj

[earlytxbird]

FWIW, I emailed a laundry list of questions to the CEO & CFO yesterday. Am anxious to see if & when they will respond, and I will post whatever I find out.

~jj

[markrhead]

I think I would let it settle out. To me having IRA Oil & Gas is a red flag as they were the operator for Trophy Oil in Tx and IRA supposedly comingled funds from Trophy project for his (IRA) own well. Not vey comfortable with such a large RS. They don't seem to have it together including TA screw up and IR not knowing much

[earlytxbird]

That makes sense, markrhead. Thanks for the info. Now my question is would shares bought say tomorrow (Monday) be subject to the split? Maybe it would be better to let everything settle out, then buy, if someone wanted in?
FWIW, I went to the website for XTMG, and checked out the pictures they have posted for the West Thrifty Unit lease. They gave me enough info to search the RRC database, and also where the wells are. (I didnt mean to insinuate the wells didnt exist in my previous post!)
The RRC shows that the producer, IRA Oil & Gas, pumped 1,699 BBL of Oil, & 7 MCF of Gas the entire year of 2006. In fairness, they show "No Report" for November & December, but thats probably just another red flag, IMO.
I guess I am wondering what XTMG is getting 22 1/2 percent of, lol.
I am going to try to contact the company, or at least the investor relations contact they have listed, and the T/A on Monday, and will post findings, if any. Meanwhile, thanks for the education, so to speak.
Also, Pink Sheets shows A/S 250,000,000 2/11/05
O/S 8,145,500 1/22/07
Mkt Cap 48,873 1/25/07
I will try to get correct share structure, and restricted count, if available.

~jj

[markrhead]

As I understand it, the transfer agent failed to send an x date for RM so that has not happened yet, and the agreement for the properties is contingent on the RM. Should be done and just waiting

[earlytxbird]

Has anybody contacted the company directly? Would love to have some type of company clarification. Maybe the transfer agent? Also, if someone can help me uncover well locations or lease info, we can go thru RRC for info. I live in Brownwood, and would be glad to "check it out". Would like to get involved in beginning of something on the ground, growing legs, so to speak, rather than something that is off and running! Anybody got any ideas? Still learning, but willing to work! Maybe we collectively can validate this outfit, or keep on truckin'.
Just my 2 cents!

[bob41]

lol, you are being too kind.

[Buckey]

the interest is in the company telling people there is only 187,000 o/s when there is 90 million o/s

id call that a slight misunderstanding

[Traderstill]

Thanks for the info. Seems to be some interest in the stock lately, haven't seem the stock trade for some time and the last week seem to be some volume. any input, I've owned the stock from the begining and have some deep losses going. Maybe a turn around soon.

[Buckey]

Company News wrong and lisleading.
There was No reverse split as one was not filed with Nasdaq and not on OTCBB.COM which is the bible. Also no quote providers show the split and it would of received a new symbol. What morons.

XTREME TECHNOLOGIES (U-XTMG) - News Release
Xtreme Technologies, Inc. Announces that on January 19, 2007 it has changed its name to Xtreme Oil & Gas, Inc. and Confirms that the 1 for 500 Reverse Stock Split was Effective on December 6, 2006

2007-01-22 11:53 ET - News Release



PLANO, Texas -- (Business Wire)

Xtreme Technologies, Inc. (Pink Sheets:XTMG) announces that effective January 19, 2006 the new name of the corporation is Xtreme Oil & Gas, Inc.

XTMG wants to correct the press release dated December 29, 2006. There was a One for Five Hundred (1 for 500) reverse stock split of the current outstanding shares of common stock not a Five hundred for One reverse stock split. This stock split was done by the previous managers of Xtreme Technologies, Inc. XTMG also want to confirm the press release dated January 8, 2007 that the effective date of the One for Five Hundred (1 for 500) reverse stock split of the current outstanding shares of common stock was December 6, 2006. As of the effective date, December 6, 2006, there were a total of 185,500 shares outstanding of which 45,500 are free trading and 140,000 are restricted.

First American Stock Transfer of Phoenix, Arizona will remain the Company’s stock transfer agent. As part of a mandatory exchange, the transfer agent will exchange the common stock at no charge to the shareholders for a period of six months. All XTMG shareholders may contact First American Stock Transfer at 602-485-1346 to obtain their new certificates.

Forward Looking Statements:

Certain statements in this announcement regarding future expectations, objectives, intentions and plans for oil and gas exploration, development and production such as “may,”“potentially,”“expects,” and similar terms may be regarded as “forward-looking statements” within the meaning of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on the opinions and estimates of management at the time the statements are made. Management’s current view and plans, however, are subject to numerous known and unknown risks, further testing and analysis, uncertainties and other factors that may cause the actual results, performance, timing or achievements of Xtreme to be materially different from any results, performance, timing or achievements expressed or implied by such forward-looking statements. Xtreme undertakes no duty to update or revise any forward-looking statements. Actual results may vary materially.

Contacts:

Capital Group Advisors, Inc.
David Van Vort, 786-277-3484
[e-mail]

Source: Xtreme Oil & Gas

[Traderstill]

Xtreme Technologies, Inc. Announces Implementation of the First Step of Its Business Plan
Xtreme Technologies, Inc. (Pink Sheets:XTMG) announces today that is has implemented the first step in its Business Plan in acquiring undervalued proved producing reserves. Management believes that it will be able to find, evaluate and acquire many of these types of properties through management's industry contacts and by cutting cost and streamlining operations turning these properties into high revenue generators. XTMG's first property is the West Thrifty Unit located in the Bend Arch (Permian Basin) near Brownwood in Brown County, Texas. The lease encompasses approximately 1,500 acres with multiple producing zones and multiple oil and gas zones behind pipe that can be developed at a later date. Independent reserve estimates that there is between 1.5 to 3 million barrels of recoverable reserves to the 100% Net Revenue Interest in just one of these formations. XTMG owns a 22.275% WI and 15.75% NRI of the total reserves. That would give XTMG approximately 250,000 to 500,000 barrels of the proved producing reserves in this one formation plus the behind pipe reserves (see http://www.emeraldepi.com/Initial%20Project.htm. For more information please see press release dated December 29, 2006 or visit our website at www.emeraldepi.com.

[Traderstill]

Xtreme Technologies Inc. Announces Pending Acquisition
Xtreme Technologies, Inc. (Pink Sheets: XTMG) announces today that it has entered into a binding Letter of Intent to merge the company with Emerald Energy Partners, Inc. (EEPI). EEPI has been formed to execute a planned entry into the Oil and Gas Industry at a time when high product prices have opened development opportunities not previously available. Based upon independent reserve reports, they own approximately 500,000 barrels of proved producing reserves with opportunity for additional acquisitions and development. Its management has experience in both the oil and gas industry and publicly traded companies.

[Traderstill]

Xtreme Technologies, Inc. announced that effective May 31, 2006 the Company has amended its Articles of Incorporation with the State of Washington. The amendment was a result of the Board of Directors approving a Five Hundred for One (500 for 1) reverse stock split of the current outstanding shares of common stock. The effect of this five hundred for one reverse stock split will decrease the issued and outstanding common stock of the Company from 92,750,000 to 185,500. The Company is preparing the paperwork for submission to NASDAQ and the Company will announce when the reverse split will be effective.

First American Stock Transfer of Phoenix, Arizona will remain the Company's stock transfer agent. As part of a mandatory exchange, the transfer agent will exchange the common stock at no charge to the shareholders for a period of six months. All XTMG shareholders may contact First American Stock Transfer at 602-485-1346 to obtain their new certificates.

[enjt]

what is this stock supposed to do this year? any ideas?

[maninnepa]

XTMG made the SHO list...could be interesting

[gitimancip]

Xtreme Technologies is a 6 year old, debt free, consultative company bringing to market the absolute best of breed in products and services. Whether it’s voice, video, or data, Xtreme Technologies custom applies the correct provider and communication solution to your business application. This gives your business a single vendor environment, with the assurance that you’re receiving the most competitive pricing with state of the art communications technology.

[Major_Bankz]

This one is very volatile!