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You guys know what is happening......
Well huge Sell blocks go through at .0007 then someone puts in little baby orders of 25,000 shares to uptick it.....then back down with huge sell blocks.......pattern of what seems to be....I hate to say....dilution.....
I hope Im wrong......looks like 504 continues
Thank u thank u
L2 por favor?
Just to let yall know.....Scottrade has taken ETMO off the "restricted list" that it has been on for the last week.
Yea I agree on ETMO.
Ouch on VMHIF I checked out the chart......yea looks like you missed out on 400%
:)
I truly don't think that this will EVER go below .0005 or .0004 all in all it is still a company that is open every week producing products.
I think the smartest course of actions for ETMO is,
1) PR regarding the closure of 504
2) PR regarding the Share structure reducing by 10% / divys PR as well.
3) expansion of company operations
4) once pps at around .0035-.005 put in paperwork for OTC
5) continued expansion based on original plans, huge focus on company expansion using normal resources none of which include "raising capital" by selling your own stock. It is by profits and bank loans and other such ways.
:) IMO
Yes L2 please?
He was the long lost 5th Ninja Turtle brother.....never made the movies......huge upset within the Ninja Turtle family....we don't like to talk about it
Alan is probably waiting for Daiello's ban to be up on Friday.....haha....then once Daiello is back sky is the limit........
years of technical DD drew me to that conclusion....hehe
about what?
Yea my 1.56 mill filled at .0008 easy no prob!
Gotcha.....just curious :)
Why do you say Quality Stocks....? how do you know that he is shareholder?
I will be honest....I don't see much of the selling as NSS seems like just plain old constant selling.......
IMO
boring morning huh
???
regular ol limit order
2 min maybe less
My 1.56 million just went through :)
Vlftrader I am curious to know if you have any of this data,
1) Actual share structure as of now?
2) How many dealers?
3) car sales?
4) how many cars are actually contracted (signed and in the process of being built)?
5) Dollar amounts of sales for last yr. and this yr. to date?
6) Profits made last yr.?
Just some basic DD stuff wanted to ask around and see if anyone has some of this.....TIA
Thanks.....He PM'ed me and requested the data actually.
What doesn't make sense is that it has taken them almost a year to sell 450K?
doesnt seem right....
awwwww hence 45% :) I get it.
thanks.
The PR states 450,000 raised but nothing saying that it was 45%
How do you know that it is 45%? did I miss something?
Thanks :)
Here is a link to the most recent PR relating 504. As you can see ETMO is stating closure of this but does not say CLOSED.
http://biz.yahoo.com/iw/070607/0263343.html
Anyway hope all of this helps :)
GL
Is it just me or is Circle gridder off asst mod?
that is being optimistic on Share structure too.....it is possible that more monies were needed and there was another increase.
I hope not.
Overall DD on ETMO,
Compliments of VLFtrader :)
DD for New Folks, INFORMATION, BACKGROUND......
The information listed...
below is compiled of Notes talking to Alan
over the past 6 months, News Releases,
Magazines and Articles, Xtreme's Customers
and personal opinion which is stated, so there
isnt any question what is fact, and what is my opinion.
ETMO Some Personal Background Information...
Alan McCaa is one of three owners of Xtreme Motorsports. They are a family owned business that involves the McCaa Family.
Alan is the CEO. He is involved with the Managment, Marketing and Design aspect of the company.
His father has been building off road racecars and dunebuggies for over 25 years.
Seven years ago when Alan became involved with the company, they decided to focus solely on Long Travel Cars & Racecars. They started advertising and business has been very successful. These last three years have been awesome as they have been involved with some of the greatest people in the industry.
Now, Xtreme Sandcars have become Monster's of the Sand, and Xtreme holds the title of Best of the Best Sandcar Manufacturers. Thus the "World's Greatest" Television Special and the opportunity to bid with China's 2008 Proposal. The Baidan Desert outside of Beijing is becoming the country's fastest growing sport. The desert is massive with dunes as high 200 feet.
They are a dealer for Tatum Racing and carry all their race/muscle/rail cars as well as parts & accessories. In addition they offer many services related to the off road industry including Class 1 & Class 10 Race Car Fabrication, race car & sand car prep services, shock dial in services, parts & accessories, custom fab services and more. They are also a Polaris Off-Road seller.
They are selling on average 2-4 Sandcars per week, at an average of $29,900.00 each. Do keep in mind each Car is specially made for each customer, and some take longer than others. One car last year sold for $98,000.00. They are already looking at another 30K to 50K square feet building, as they have already out-grown the recent building in December. With the additional orders, 24/24 dealer Program, and specialty wholesale sales, they need the room to assemble at least double the output currently.
They recently purchased a plasma machine to do all the precision cutting of the frame and body, which will save them over $250K from the previous year. Maybe you guys that took Shop in High-School can inform us how that machine operates.
They have special negotiated shipping rates to Europe, the Middle East, Africa & Australia. They have a full line of Mid Travel cars that they carry and are very competitively priced. Their goal is to offer the best customer service available along with quality products and competitive pricing.
Before Alan was involved in Xtreme Motorsports he owned a large electrical construction and electrcial sign company that was a leader in the commercial market in Central California. He mainly was involved with structural engineering along with the Sales & Marketing aspect of the company. Alan and his partner decided to sell as it was simply too large.
Alan has a degree in Marketing as well as Structural Engineering & Design.
I hope this helps in understanding where the Company is coming from, and some background to better understand the Company as a whole...
DOES ETMO HAVE MUCH DEBT?
Like most Companies, there are several lines of credit for inventory and parts. However, Xtreme is happy to have leased its building over the past several years, and kept its debt low. Current debt for all of Xtreme's operation is under $100K.
Of course this will change with the fullfilment of the even
larger New 30K - 50K Sq. Foot facility, that will bring Xtreme's sales and assembly 2-3 X its current operation.
OUR NEW ASSEMBLY PLANT...
The Current Assembly Plant...
The building consists of...
several areas that are not shown in the pictures.
The pictures you see in the IBOX were taken right after the buiding was finished in January. They had actually just rolled those rail-frames into place you see in the pics that day. Of course it is going to be clean, when it hadnt even been used at the time of the pics taken...
Secondly, as Ive stated from previous posts, the pics you see are very misleading to how big the new building is. What you dont see is the second area just as big as the one in the pics that wasnt completely finished at that time. Plus, if you see the exsisting area they already had, you would see an area roughly 4-5 times as much space that is shown in the pics...
Take a picture of it now, and Im sure youll find a much more used and "dirtier" area...Maybe not. The 5 different areas are being used as an assembly line type process. The first area is for framing and welding. The second area is for motor, tranny and wiring process. Third is parts and accessories, and fourth is painting and inspection. The fifth area is used for storage and parts.
Some painting is done in another small building for frame painting as some framing is built for other option like a "KIT" Sandrail they carry where you can get all the parts from Xtreme and you build the car yourself...
Its already outgrown. IMO, a 30K to 50K Sq. Foot Building in the very near future will be needed to meet the demand of incoming orders.
WHY/HOW HAVE WE OUTGROWN OUR SPACE ALREADY?
“First, we want to meet the needs of tens of thousands of sandcar enthusiasts by providing custom sandcars in the area in which they live. Currently, we have customers flying in, or driving long distances, just to see the vehicles before the purchase is finalized. With local dealerships, they will be able to receive local sales assistance, have their questions answered and choose from a selection of prepackaged cars that the dealers will stock.
“Second, a lengthy wait time will be eliminated. In the past, custom orders from our Bakersfield facility could typically take anywhere from six to twelve months to be delivered, depending on the options the customer choses. Often, our full, build-to-order custom vehicles cost more than a new pre-packaged custom sandcar,” McCaa continued. “With the dealerships having ready-to-purchase inventory in stock, the consumer can now have a custom built sandcar immediately. The dealer will be able to install options and upgrades on site. We want to simplify the process and to eliminate the wait time, offering our customers the best possible buying experience.”
Dealers folks, are you getting it yet?
DOES ETMO HAVE POTENTIAL?
Why XTMS has Potential.........
CNBC completed a 3 day market analysis in early 2005 focusing on the off-road racing industry, directly relating to the Sandcar market. There analysis compared it to the next NASCAR craze to hit America. In California, Arizona, Nevada, Washington, Oregon, Michigan, Oklahoma, Utah and Idaho this recreational activity is HUGE. NASCAR produces billions of dollars is sales every year and the Sandcar market is at the beginning stages of this craze. There are several opportunities that are available that have not been focused on and our goal is to take advantage of these lucrative opportunities. Off Road Retailer magazine recently published an article on the growth of the Sandcar market and emphasized that its just at its beginning stages before explosive growth. The market is badly in need of someone to build and stock cars, so customer's can make an immediate purchase without waiting for a custom car to be built.
CNBC recently completed a 3 day market analysis focusing on the off-road racing industry, directly relating to the Sandcar market. Their analysis compared it to the next NASCAR craze to hit America. In California, Arizona, Nevada, Washington, Oregon, Michigan, Oklahoma, Utah and Idaho this recreational activity is huge. NASCAR produces billions of dollars is sales every year and the Sandcar market is at the beginning stages of this craze.
49.6 million people have ridden or driven off-road vehicles at least once during the fall 2003/spring 2004 season. This represents almost 23% of the entire U.S. population. 18.2 million of these participants were under 30, while 21.7 million were 30 to 50 years of age, demonstrating the market’s broad appeal.
"Xtreme Motorsports is part of the multi-billion dollar off-road recreational and professional racing market. Off-road vehicle ("ORV") racing is one of the fastest growing sports in the U.S. According to industry estimates, 49.6 million people have ridden or driven off-road vehicles at least once during the fall 2003/spring 2004 season. This represents almost 23% of the entire U.S. population."
From Alan.......
With our family run facility we have many advantages. One of the most important is our low overhead which gives us a huge advantage over our competitors, especially in the Southern California market. In many cases we can build an identical car for tens of thousands less and still make a fair profit to ourselves. Also, and probably the most exciting, is in addition to having amazing fabrication skills within our structure we have great marketing and business management skills, whereas many companies have great fabricators they lack the customer services skills and/or business management skills to KEEP the business running and profitable. Finally another large advantage is our location within the Bakersfield, CA community. It allows us to be centrally located in the heart of California. We're able to ship anywhere on the west coast within just a matter of days. Our location also is right in the middle of a heavily traveled freeway that heads to some of the most popular dunes in California.
Also......
CNBC doesn't usually release financial suggestions unless they have some pretty good info. With the release of dust to glory, all the buildups on TV like Speedtrap, Worlds Greatest and other exciting News I'm confident it's going to explode. Think too, there are thousands of places to go other than local spots like Glamis, Pismo and Dumont. All over the country they are building off road parks, Arizona / Nevada is almost limitless riding area. We have customer's locally that take their cars out to the foothills (100 square miles) every weekend.
Washington, Oregon, Texas, Oklahoma, South America, Africa, the middle east, etc. are exploding in growth for Sandcars.
24/24 Dealer Program......
Is a plan to on-ramp 24 dealerships of its one-of-a-kind sandcars in 24 months. Currently Xtreme has signed 5 Dealers, with 3 coming on board, and 9 potential dealers in the initial agreement stage, and is on schedule to complete the 24/24 Program.
They are currently in talks with 3 Countries initiating Dealer Programs that could bring in HUGE Revenue due to their location and its Sand/Dune/Dirt geography...
Dealers are the Key......
DOES EXTREME HAVE FINANCING?...
Financing on all of their vehicles especially now that they have the more moderate priced unit. With this new financing they can reach a wider range of buyers offering an affordable
down payment and monthly payment to make every unit more attractive to the market.
Financing on new vehicles only. Rates start from 7.49% and up to 180 months. No prepayment penalties and no need to pull money out of your equity. Cars come with a title, a 17 digit Vin # specific to Xtreme Motorsports and a green sticker. Cars can also be insured by any insurance company.
They also now have a line of mid travel cars in both beam and A arm (18" of travel on A arm and 14" on beam) both are very affordable. The entire chassis with Chromoly A arms, Heim joints and 3 X 3 rear trailing arms is only a little over $4,500. Complete with shocks tabs. They use 1835 - 1915 VW Dual Carb motors in their four seat cars all the time and they work great.
They have about 4 running around in the Arizona desert and a ton more in California. All of which have run flawlessly with that combo. They sell these cars turnkey for around $23,000 with aluminum work, King Shocks, PRP suspension seats, powdercoated.
They have also started a enonomy line of Cars for the Novice starting at $9995.00. They will be called Standard Travel Cars, or STC's for short.
[b}NEW AND UPCOMING...
Another thing new and upcoming...
They are working on 2 less expensive models, to make them affordable for everyone. One we know about via the P.R.'s, and another even less expensive for more of the "Dune Buggy" experience, which a large portion of these will be manufactured and sold to Dealers in their 24/24 Dealer program.
This enables the Company to sell less expensive units, but have the opportunity to show and sell their more sophisticated......"bells and whistles" models.
What Competition does Xtreme have?
20 major manufacturers across the country. Many others are smaller type makers that only make 1 Car type, and produce only a handful per year.
Of the 20 manufacturers about 10 actually offer their cars as assembly line type vehicles. Most of these however, only make 2-3 types, and some offer more along the lines of a Dune-Buggy style Car...There are 4-5 Id say that carry a full-line of Cars.
What separates Xtreme from the rest of the pack, is they have 6 types of Cars and Rails. They will/can make the Cars to your specs, and add or delete what you order. They also can start and stop the assembly process where-ever you wish, so that if you want to put sweat equity into it, you can. Also, Extreme makes/sells their frames for other companies, and also offers a KIT CAR that can be sold to a customer, where they can build the Car themselves...
Also...Xtreme is ONE STOP shopping. They make the Car, sell and install the tires and wheels, create and add the Graphics, and actually take the car you want from creation to finished product. Why this is important is most all other manufacturers have to contract out these services, where Extreme can offer the Car from start to finish...
They have a new automated machine shop, in house powdercoating, in house fiberglass and carbon fiber, in house fabrication, and more. CNC capabilities and automated plasma cutting. Show room can house up to 16 complete cars ready to buy at any given time.
With their new facility, they are able to work their 5 phase assembly line much faster, cheaper, and more efficiently than before. This enables them to open up each phase to a wholesale market which brings in Revenue quickly, and helps maintain Volume which in turn produces a more cost-effective bottom line...
I have talked to at least 15 Customers of Xtreme Cars
when I first did my DD on this back in December. I knew
this Company was for real when I talked to actual
customers, buying the products, sending me pictures,
and praising the Company's product.
This is a real Company.
Some DD......Old XTMS plan(Now ETMO)
This was an email from the CEO of ETMO Alan Mcaa back in January of 2007. This was ETMO's overall company plan.
It is interesting to see what has taken place thus far.
"* We have recently completed an additional assembly facility to facilitate our growth plan. This means reduced wait times for the customer. With financing currently available, consumers will be able to satisfy their impulse and buy immediately rather than waiting 8-12 months for delivery of a full custom Sandcar.
* To build and stock complete production style custom Sandcars so that a customer can simply pick, motor, transmission and color and pick up his custom Sandcar in 30 - 90 working days.
* To secure several new CNC machines and a machinist to design and run these CNC mills in developing and manufacturing our own line of Sandcar parts & Accessories. In addition to readily available parts it increases profit margins on needed parts are much as 1500%.
* With the production of new demo cars we’ll schedule “DEMO DAYS� to give customers that “E Ticket� to get them hooked and ready to spend immediate cash based on their adrenaline addiction at that moment.
* To focus and build strategic partnerships with various companies that will house and resell our product for worldwide expansion. The dealership program has already been started and is underway.
Marketing Plan
* Consist of utilizing trade / sport magazines, participating in Sandsports related tradeshows, development of a new DVD catalog and the development of a new clothing line for XTMS. To secure a new Tractor / trailer(s) to make a significant presence where ever we travel. Application of digitally printed graphics applied to our existing company trailers and related vehicles. Additionally, using existing contacts, goals such as participation in the X games, TV shows and securing large retailers will be a priority for XMS newly implemented marketing team.
* American Ironhorse of Fort Worth, Texas manufactures several lines of production oriented custom motorcycles. We at Xtreme Motorsports want to offer the same style of process. Custom style Sandcars, built off a production line that makes the cars more affordable and available for faster delivery. These are to be carried by a network of dealers across the US.
Use of Proceeds
* New Facility Tools: This facility is now complete as of November 2006. We will need to fill this facility with tables, tools and other operating equipment for the most efficient effect. Estimated Needs: $50,000
* Demo Cars: One demo car for each of the lines of cars we carry. This will allow for demo rides for customers along with marketing these lines specifically. Consumer will be able to touch and feel the exact type of car they want. Estimated Needs: $200,000
* Fabrication Equipment: High speed tubing coper, Automated Plasma Cutting table, and additional tool chest for assembly bays, CNC mill equipment, jigs and additional fabrication equipment will allow us to bring these same services in house and increase profit margins. Estimated Needs: $50,000 minimum, $850,000 Maximum
* Transmission Project: Currently we are in the process of trying to manufacture our own line of transmissions. Once complete this will increase the completion time frames on cars by as much as 500%. Estimated Needs: $55,000 for engineering; $350,000 for testing and first 100 transmissions.
* Inventory for Multiple Cars: By having cars / parts in stock and ready to go, customers do not need to wait and can purchase an “in stock� car immediately. Additionally by purchasing parts for 20 vehicles at a time, we reduce our cost per part by a minimum of 10% and as much as 35% depending on the particular parts. We can increase profit margins on cars as much as 25% without increasing the price of the overall project. Estimated Needs: $250,000 Minimum to $1,000,000 +
With the appropriate capitol we have created a dealership program for qualifying companies around the US. This dealership program will put Xtreme Motorsports Sandcars into local dealerships around the US, available for immediate purchase. With POP displays, options displays and more, these dealerships will reflect the highest quality style dealerships in the US.
For the next three to five years, our growth will be consistent and constant. This will provide the platform and foundation for the largest Sandcar manufacturer in the world. We’re confident that by following our growth plan and utilizing our strategic partnerships, the company will be perfect for a large sale in 24 – 36 months to corporate entities that can take it to an unheard of level."
Hope this was an interesting read. :)
hmmm odd.... we normally ALWAYS trade a few million right after the bell.
Loren,
In theory yes.....in the long run. It all depends on what actions he takes to handle the shorting.
Example:
I own a company who trades at .50/share then shorting begins to occur illegally. brings stock down to .30 or something. So thinking I need to take these guys to court I have to figure out how to get 100,000 dollars in legal fees and such. So I raise the share count so I can sell off some shares to take these shorters to court. But not realizing that in order to get that $100,000 I unintentionally drove the share price to .005 or something of the sort. all in an effort to stop illegal short selling.
Thats just an example.
:)
Miagi: ETIM, ETMO, RSDS
Sorry we close even.....lots after hour trades :)
L2 please?
Yea the train is moving fast.....no trades in almost an hour :)
Geez circle......tone it down a bit bud
btw....I am pretty sure Tallie is a guy :)
Last night I found that on another board actually VLF. I posted it late last night here and apparently no one seemed to notice.
post# 23539
Those are some chunky trades.