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Huge SBMI news!!!
CORAL GABLES, FL -- (MARKETWIRE) -- 06/04/07 -- Siguiri Basin Mining, Inc. (PINKSHEETS: SBMI) -- William "Bill" Ross, President and Chief Operating Officer of Consolidated Mining and Minerals Inc. (www.consolidatedmining.com), has reported back from the Siguiri Basin that during the geologist, Mr. Benoit Viloette's testing, on the Fifa land prospect, a major Gold deposit has been discovered. Mr. Viloette has stated that the quartz veining system exposed in the pitting and trenching uncovered is very similar to deposits now being exploited by SAG at the Siguiri mine some 65 km to the east of Fifa. The laborers assisting with the testing on different locations of the land and river have been called to this one location to collect samples to be used to define the updated reserve report under NI-43-101 standards. Mr. Ross has expressed that potentially as much as 50,000 - 100,000 ounces of alluvial Gold has been uncovered in a Gold-rich alluvial flat. Additionally, a large quartz veining system was exposed which will add additional core drilling targets to the program next season. Mr. Ross is quoted as saying, "We have hit what may turn out to be one of dozens of all large-scale alluvial deposits spread out over roughly 25 square miles of unexplored land." "The proven reserves of the company could potentially double or triple as a result of this seasons testing," according to Mr. Viloette's preliminary examination, but all official calculations will be released when the samples have been returned from the laboratory and the NI-43-101 report is completed. Additional plans have been made for the company to increase the size of the exploration team to continue the work on site and seek out the next bonanza deposit before the weather conditions change. Mr. Ross and his team had experienced a temporary breakdown with the test dredge on location but that the problem is resolved and the machine is back in the water testing to uncover additional high-grade areas to be produced. Some photos of the exploration work are being taken and should be released upon Mr. Ross' return the United States sometime later this month.
Siguiri Basin Mining Inc (PINKSHEETS: SBMI) is a mineral exploration and development company focused on achieving producer status. The Company's targets are precious metal properties in stable countries within opportunity rich West Africa, Central and South America with near term production capabilities. www.sbmining.com
The Private Securities Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in written statements to be made) contains statements that are forward-looking. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statement.
For further information contact
Rich Kaiser
YES International
1-800-631-8127
001-757-306-6090 (outside North America)
Email: yes@yesinternational.com
Thank you - by any chance, did you ask them if they're expecting the shares to be restricted?
That's nice - now take your 1 post and run home junior....
PTEL PR - Doesn't say they won't be restricted....
Scottrade now posting bid and ask
Bid: 25.00[-]
Ask: 125.00
Scottrade now shows SWNE# - that's different than earlier this morning in my account...
MCII now shows:
Ref Idx For Wachovia Bk Marketpower Cds $MCII:AMEX with a price of $90.
Scottrade now shows SWNE# - that's different than earlier this morning in my account...
MCII now shows:
Ref Idx For Wachovia Bk Marketpower Cds $MCII:AMEX with a price of $90.
Really? How many shares did youstart with?
Especially since the execution date isn't until Monday - monkey....
BUMP
Posted by: samEngineer
In reply to: None Date:6/1/2007 5:09:47 PM
Post #of 20095
OK Guys…Take a big chill pill and read this…
I just got off the phone with Adam. We talked for almost 13 minutes. He was very frustrated at first and asked where the HELL did I get his cell number. I said it was posted on the ETMO IHUB board. Nevertheless, I managed to calm him down by apologizing for the call and that I understood that he must’ve had hundreds of phone calls. He said that he has received in excess of 150 calls from nervous investors since the PR date. BTW, the guy was with his kids as I could hear kids in the background and him laughing from time to time while we were talking. He wasn’t laughing due to our conversation and he apologized because one of his kids was being obnoxious. I asked him about the MDA and he couldn’t express how happy they are to do this for Xtreme as a couple of his partners and himself are very impressed with their products. He said that they are working on GSA (Government Service Agency) contracts, Dubai and Home Land Security contracts. He mentioned that one of the models will have a .50 caliber mounted on it with two additional jump seats (other than Capt and f/o seats). Also, he said that he works based on commission and that they will be getting a nice cut for every car that they sell. He was impressed as he thought that Xtreme’s cars are unmatched in the market today. He also mentioned that they hired their own videographer to film the products in CA and take pictures. He is doing this for marketing and sales presentation purposes. He said that this will be costing him nearly $60,000 OUT OF HIS OWN POCKET, but also said that it is well worth the investment. He thought that the company was way under valued and thinks that would change very soon. He asked me to explain this to all of you and requested not to be called again regarding this matter. He said they are a real company, Xtreme is a very real company and that is the end of story. I had to let him go at the end because I am at work and his son fell down…lol..sorry Adam put a little ICE on that and it should be OK. LOL
Bottom line:
Calm down…Alan is doing what he says and things are OK.
Sam
Also, SWNE becomes MCII on Monday....
JJ, I can't see it taking 2 weeks for the 500 to appear in our accounts - maybe a couple of weeks for the trading to really begin. Or do you think it will take a couple of weeks for the 500 to appear?
Now how would you know 1 works JJ ;)
JJ, you have a PM
Yeah but the accounts will look prettier for a little bit :)
Just curious, can they postpone the R/S at this juncture?? I don't see how unless they can somehow halt the stock
Hmmmmmm
Think it will be the fastest selloff in history??
LOL - yup, that's what they said :)
My Scottrade account has a BEAUTIFUL (1) .18 sitting next to SWNE..... :)
I don't recall the last R/S that was announced when volume increased for buys in these small amounts!! This is toooooo funny to watch
OK, so why should I buy more than 1 to get 500??? I could have 499 and I'd still only end up with 500......Cheapskate?? You bet your a**.... ;)
By the way, what were they thinking??
Think it will work with a quantity of 1?? I just did it - comical, cost me $7.18...
Me too!!! Look at the buys coming - too funny!!!
Anyone else see the fat finger 100k at .008???? Account looked great for a couple of seconds!!!!
AURC gapping premarket - buyout confirmation PR coming?
AURC gapping premarket - buyout confirmation PR coming?
ETMO looking to run this morning on great news yesterday
I called the TA today and found out that the current OS is around 227 Mil - I have nooooooo idea how they can offer the $2 something a share without doing a R/S.
Long and strong firemandave......WAYYYYYYYYYY too much here to sell at these level (imo)
.0011 printed!!! BLOWING THROUGH THEM!!
ETMO running hard!!!
.001 printed!!!
ETMO running on the news
Huge ETMO news
Extreme Motorsports of California Receives Master Distributor Agreement for Extreme Security Vehicles, Provides Share Structure Update
Thursday May 31, 2:11 pm ET
BAKERSFIELD, CA--(MARKET WIRE)--May 31, 2007 -- Extreme Motorsports of California, Inc. (Other OTC:ETMO.PK - News) ("Extreme" or the "Company") has signed a master distributor agreement with Made in USA Industries, Inc. ("MITUSA"). Extreme selected MITUSA to develop its government sales channel for extreme vehicles to be used in a variety of applications. The first such opportunity in development is an Extreme Security Vehicle ("ESV") for use in U.S. and foreign desert law enforcement, military and private security applications. Extreme has received a commitment for 400 or more of the ESVs pending receipt of a manufacturing work order from Made in USA later this summer. At a minimum, the contract is valued at $39 million to Extreme.
ADVERTISEMENT
Made in USA Industries, Inc., a minority/woman-owned small business, was founded to raise awareness of American-made products through its "Made in USA Magazine." The magazine, which was distributed to 20,000 subscribers in its first issue in 2005, now has a current base of over 46,000 paid subscribers and is dedicated to educating consumers on the impact of American-made goods on our national economy, providing brand analysis and evaluation to assist consumers with their purchasing decisions, and featuring products that support U.S. manufacturers and U.S. jobs. Recently, Made in USA expanded operations to target select opportunities its management has developed through its expansive business network, including the ESV project with Extreme.
"We made the decision to work with Extreme to develop its government sales channel based on a number of factors, not the least of which is the fact that the company has been building sandcars in the U.S. for the last 24 years, supporting the principles of entrepreneurship, a cornerstone of our national economy," commented Julie Reiser, Founder of Made in USA Industries. "First and foremost, however, is the fact that Extreme manufacturers the most rugged and technologically advanced sandcars in the industry, which are key factors for the extreme environments in which we anticipate the ESVs will operate and important work their users, both law enforcement and military, will perform."
The proposed ESV model is based on Extreme's Dune Racer frame and chassis, and is available both in four- and two-seat configurations, with a 5.7L V8 engine generating up to 400 horsepower, a "street-legal" accessory package, law enforcement LED lights and sirens, and a fully integrated global positioning system. The vehicles will be capable reaching speeds in excess of 140 mph. Detailed specifications for the EEV are provided below.
"We're looking forward to working with Made in USA and its customers to manufacture what will be the most advanced and robust security vehicles for desert applications ever built," stated Alan McCaa, President and CEO of Extreme Motorsports. "Conforming to military specifications, the ESV will expand our reach beyond recreational users to provide security forces with a new weapon in the defense of public and private assets."
In addition to the agreement with Made in USA Industries, Extreme today provided an update to its share structure as of May 31, 2007. The current share structure is as follows:
-- Common Stock
-- Restricted: 10,685,069
-- Free-trade Certificated: 498,631,207
-- Free-trade Electronic or "Street Name": 913,109,515
-- Total Issued and Outstanding: 1,422,425,791
-- Preferred Stock
-- Total Issued and Outstanding: 5,000,000
Commenting on the updated share structure, Mr. McCaa stated:
"The increase in the number of outstanding shares of the Company was to compensate service providers, sales agents, consultants and our legal team over the last several months. We anticipated paying most of these professional fees in cash, but many of the individuals asked to receive shares to have some 'skin in the game' and benefit in the future from the increased shareholder value they are bringing to the table.
Today's announcement is one such example, where individuals who are making introductions to contract awards that management believes can significantly increase our revenues have requested stock-based compensation in lieu of cash.
As stated in our previous release, we were able to acquire Southern Offroad Vehicle Services for both cash and stock. The legal and due diligence fees associated with this acquisition, although not significant, were also paid with shares.
Finally, the legal fees incurred for our extensive branding, copyright and intellectual property protection problem to combat the naked short selling problem were also paid with shares.
While we realize the increase in our issued and outstanding shares is significant, and a departure from our previous plan to secure the cancellation of certain blocks of outstanding shares, management believes the issuance of this stock is the best interests of the Company to provide a solid foundation for growth of our revenues, as well as to address certain shareholder concerns related to naked short selling.
Within the next few days, we will also provide a status update regarding the previously announced dividends, which the Company is currently working to finalize through its attorneys, transfer agent and DTC."
Extreme Security Vehicle 2008 Model Specifications
2008 Dune Racer 4130 Chromoly Chassis
Upper & Lower 4130 Chromoly A Arms - Powdercoated
4130 Combo spindle assemblies - Powdercoated
4130 Chromoly Trailing Arms - Powdercoated
HOWE 2.5" Power Rack & Pinion
Swedged CNC tie rods w/ 4130 Rod Ends
Steering Assembly, joints & shaft carrier
Grant steering wheel with quick disconnect
Xtreme 930 Microstub assemblies with disk brakes & 4 piston calipers
Front disk brakes with 2 piston racing calipers
930 high angle drive axles
2.5" Front Xtreme coil over shocks with externally adjustable bypass
control
3" rear Xtreme coil over shocks with externally adjustable bypass control
Solid aluminum floor with sprayliner finish
CNC pedal assembly
steel braided brake & clutch lines
dual odyssey batteries with boxes and solenoid
35 gallon custom fuel cell with fuel sender
HD aluminum wheels with front & rear beadlocks
33" Dirt Tire Package (includes spare tire & wheel)
Four (4) extra wide suspension seats with stationary headrest (includes
seat packets)
Driver & Co-pilot seat slider brackets
Four (4) 3" 5 point safety belts with shoulder padding
Two (2) ACRO HID lights and LED brake/tail/running lights
Roof Rack with four HID lights, spare tire carrier & fuel/water canister
carrier
Fiberglass body (includes front enclosure, dash, hood, windshield,
firewalls, side panels, roof)
Street legal package (includes parking lock brake, front & rear turn
signals,
license plate holder & light, Horn & windshield wiper
Powdercoated chassis, suspension & springs
CBM 5.7L V8 with fuel injection & Xtreme Air Filters (Approx. 400HP)
Semi Automatic H Pattern 4 or 5 Speed Transmission with Trans Cooler,
Reservoir & Shifter
Passenger grab handles and side steps
Digital gauges system
LED dome lights
Passenger footrest with built in ice chest holder
Rear & side view mirrors
PCI radio system with four headsets
Lowrance 8.4" Color GPS
Dual Fresh Air Systems
Top Mount Police/ Security LED Light bar with Siren Package
Fire Extinguisher, First Aid Kit, Arm Restraints
Lexan divider between front & rear passengers for detainee restraint
ASK ABOUT OUR COMPLETE LINE OF SECURITY OPTIONS
Infrared Lighting Options, Garmin GPS, Mobile Laptop Communication Systems,
Diesel Engines & more available
About Extreme Motorsports of California, Inc.
Extreme Motorsports of California, Inc., operating under the trade name "Xtreme Motorsports," is a manufacturer of custom and production-line sandrails, desert and dual sport racecars. Founded in 1983, Xtreme's sandcars have been sold to customers in England, the United Arab Emirates, Australia, South America and the U.S. For more information, visit the corporate web site www.xmssandcars.com.
About Made in USA Industries, Inc.
Made in USA Industries, Inc. is an outsourced sales and business development company dedicated to the promotion of American-made products. Founded in 2005, Made in USA is also the publisher of Made in USA Magazine, the American consumers' one-stop source for products manufactured in the United States of America. Each issue covers a wide variety of products which meet the Federal Trade Commission's Made in USA criteria. Readers will learn about products manufactured in the United States, both by American- and foreign-owned corporations.
Forward-Looking Statements
Certain statements in this release, and other written or oral statements made by the Company, including the use of the words "expect," "anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions, are "forward-looking statements" and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The Company assumes no obligation and does not intend to update these forward-looking statements and takes no obligation to update or correct information prepared by third parties that are not paid for by the Company.
Contact:
Contact:
Investor Relations
661.310.7880
Email Contact
Extreme Motorsports of California Receives Master Distributor Agreement for Extreme Security Vehicles, Provides Share Structure Update
Thursday May 31, 2:11 pm ET
BAKERSFIELD, CA--(MARKET WIRE)--May 31, 2007 -- Extreme Motorsports of California, Inc. (Other OTC:ETMO.PK - News) ("Extreme" or the "Company") has signed a master distributor agreement with Made in USA Industries, Inc. ("MITUSA"). Extreme selected MITUSA to develop its government sales channel for extreme vehicles to be used in a variety of applications. The first such opportunity in development is an Extreme Security Vehicle ("ESV") for use in U.S. and foreign desert law enforcement, military and private security applications. Extreme has received a commitment for 400 or more of the ESVs pending receipt of a manufacturing work order from Made in USA later this summer. At a minimum, the contract is valued at $39 million to Extreme.
ADVERTISEMENT
Made in USA Industries, Inc., a minority/woman-owned small business, was founded to raise awareness of American-made products through its "Made in USA Magazine." The magazine, which was distributed to 20,000 subscribers in its first issue in 2005, now has a current base of over 46,000 paid subscribers and is dedicated to educating consumers on the impact of American-made goods on our national economy, providing brand analysis and evaluation to assist consumers with their purchasing decisions, and featuring products that support U.S. manufacturers and U.S. jobs. Recently, Made in USA expanded operations to target select opportunities its management has developed through its expansive business network, including the ESV project with Extreme.
"We made the decision to work with Extreme to develop its government sales channel based on a number of factors, not the least of which is the fact that the company has been building sandcars in the U.S. for the last 24 years, supporting the principles of entrepreneurship, a cornerstone of our national economy," commented Julie Reiser, Founder of Made in USA Industries. "First and foremost, however, is the fact that Extreme manufacturers the most rugged and technologically advanced sandcars in the industry, which are key factors for the extreme environments in which we anticipate the ESVs will operate and important work their users, both law enforcement and military, will perform."
The proposed ESV model is based on Extreme's Dune Racer frame and chassis, and is available both in four- and two-seat configurations, with a 5.7L V8 engine generating up to 400 horsepower, a "street-legal" accessory package, law enforcement LED lights and sirens, and a fully integrated global positioning system. The vehicles will be capable reaching speeds in excess of 140 mph. Detailed specifications for the EEV are provided below.
"We're looking forward to working with Made in USA and its customers to manufacture what will be the most advanced and robust security vehicles for desert applications ever built," stated Alan McCaa, President and CEO of Extreme Motorsports. "Conforming to military specifications, the ESV will expand our reach beyond recreational users to provide security forces with a new weapon in the defense of public and private assets."
In addition to the agreement with Made in USA Industries, Extreme today provided an update to its share structure as of May 31, 2007. The current share structure is as follows:
-- Common Stock
-- Restricted: 10,685,069
-- Free-trade Certificated: 498,631,207
-- Free-trade Electronic or "Street Name": 913,109,515
-- Total Issued and Outstanding: 1,422,425,791
-- Preferred Stock
-- Total Issued and Outstanding: 5,000,000
Commenting on the updated share structure, Mr. McCaa stated:
"The increase in the number of outstanding shares of the Company was to compensate service providers, sales agents, consultants and our legal team over the last several months. We anticipated paying most of these professional fees in cash, but many of the individuals asked to receive shares to have some 'skin in the game' and benefit in the future from the increased shareholder value they are bringing to the table.
Today's announcement is one such example, where individuals who are making introductions to contract awards that management believes can significantly increase our revenues have requested stock-based compensation in lieu of cash.
As stated in our previous release, we were able to acquire Southern Offroad Vehicle Services for both cash and stock. The legal and due diligence fees associated with this acquisition, although not significant, were also paid with shares.
Finally, the legal fees incurred for our extensive branding, copyright and intellectual property protection problem to combat the naked short selling problem were also paid with shares.
While we realize the increase in our issued and outstanding shares is significant, and a departure from our previous plan to secure the cancellation of certain blocks of outstanding shares, management believes the issuance of this stock is the best interests of the Company to provide a solid foundation for growth of our revenues, as well as to address certain shareholder concerns related to naked short selling.
Within the next few days, we will also provide a status update regarding the previously announced dividends, which the Company is currently working to finalize through its attorneys, transfer agent and DTC."
Extreme Security Vehicle 2008 Model Specifications
2008 Dune Racer 4130 Chromoly Chassis
Upper & Lower 4130 Chromoly A Arms - Powdercoated
4130 Combo spindle assemblies - Powdercoated
4130 Chromoly Trailing Arms - Powdercoated
HOWE 2.5" Power Rack & Pinion
Swedged CNC tie rods w/ 4130 Rod Ends
Steering Assembly, joints & shaft carrier
Grant steering wheel with quick disconnect
Xtreme 930 Microstub assemblies with disk brakes & 4 piston calipers
Front disk brakes with 2 piston racing calipers
930 high angle drive axles
2.5" Front Xtreme coil over shocks with externally adjustable bypass
control
3" rear Xtreme coil over shocks with externally adjustable bypass control
Solid aluminum floor with sprayliner finish
CNC pedal assembly
steel braided brake & clutch lines
dual odyssey batteries with boxes and solenoid
35 gallon custom fuel cell with fuel sender
HD aluminum wheels with front & rear beadlocks
33" Dirt Tire Package (includes spare tire & wheel)
Four (4) extra wide suspension seats with stationary headrest (includes
seat packets)
Driver & Co-pilot seat slider brackets
Four (4) 3" 5 point safety belts with shoulder padding
Two (2) ACRO HID lights and LED brake/tail/running lights
Roof Rack with four HID lights, spare tire carrier & fuel/water canister
carrier
Fiberglass body (includes front enclosure, dash, hood, windshield,
firewalls, side panels, roof)
Street legal package (includes parking lock brake, front & rear turn
signals,
license plate holder & light, Horn & windshield wiper
Powdercoated chassis, suspension & springs
CBM 5.7L V8 with fuel injection & Xtreme Air Filters (Approx. 400HP)
Semi Automatic H Pattern 4 or 5 Speed Transmission with Trans Cooler,
Reservoir & Shifter
Passenger grab handles and side steps
Digital gauges system
LED dome lights
Passenger footrest with built in ice chest holder
Rear & side view mirrors
PCI radio system with four headsets
Lowrance 8.4" Color GPS
Dual Fresh Air Systems
Top Mount Police/ Security LED Light bar with Siren Package
Fire Extinguisher, First Aid Kit, Arm Restraints
Lexan divider between front & rear passengers for detainee restraint
ASK ABOUT OUR COMPLETE LINE OF SECURITY OPTIONS
Infrared Lighting Options, Garmin GPS, Mobile Laptop Communication Systems,
Diesel Engines & more available
About Extreme Motorsports of California, Inc.
Extreme Motorsports of California, Inc., operating under the trade name "Xtreme Motorsports," is a manufacturer of custom and production-line sandrails, desert and dual sport racecars. Founded in 1983, Xtreme's sandcars have been sold to customers in England, the United Arab Emirates, Australia, South America and the U.S. For more information, visit the corporate web site www.xmssandcars.com.
About Made in USA Industries, Inc.
Made in USA Industries, Inc. is an outsourced sales and business development company dedicated to the promotion of American-made products. Founded in 2005, Made in USA is also the publisher of Made in USA Magazine, the American consumers' one-stop source for products manufactured in the United States of America. Each issue covers a wide variety of products which meet the Federal Trade Commission's Made in USA criteria. Readers will learn about products manufactured in the United States, both by American- and foreign-owned corporations.
Forward-Looking Statements
Certain statements in this release, and other written or oral statements made by the Company, including the use of the words "expect," "anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions, are "forward-looking statements" and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The Company assumes no obligation and does not intend to update these forward-looking statements and takes no obligation to update or correct information prepared by third parties that are not paid for by the Company.
Contact:
Contact:
Investor Relations
661.310.7880
Email Contact
There - NOOOOOOOOOOO HALT
HMIT buyout offer is legit according to a rep from Consolitated Mining and Minerals (if you're wondering who I spoke to, just call the number on their website). He was very courteous and actually had somewhat of a prepared statement (he told me that he's gotten a bunch of calls this morning). In his words, "the companies are a great match" - "they have great assets" - and "at one point or another, something will happen".
imo, .34 stock for $2.15 looks great to me!!!!!
HMIT buyout offer is legit according to a rep from Consolitated Mining and Minerals (if you're wondering who I spoke to, just call the number on their website). He was very courteous and actually had somewhat of a prepared statement (he told me that he's gotten a bunch of calls this morning). In his words, "the companies are a great match" - "they have great assets" - and "at one point or another, something will happen".
imo, .34 stock for $2.15 looks great to me!!!!!
HMIT buyout offer is legit according to a rep from Consolitated Mining and Minerals (if you're wondering who I spoke to, just call the number on their website). He was very courteous and actually had somewhat of a prepared statement (he told me that he's gotten a bunch of calls this morning). In his words, "the companies are a great match" - "they have great assets" - and "at one point or another, something will happen".
imo, .34 stock for $2.15 looks great to me!!!!!
Here's what I don't get about the HMIT PR:
"The HMIT Board of Directors has entered negotiations with CMM to discuss the finalization of its offer."
Where does it say that they've accepted the offer?
Pinksheets updated?
Estimated Market Cap: 559,131 as of 2007-05-30 (based on Outstanding Shares as of 2007-05-01)
Authorized Shares: 900,000,000 as of 2006-01-01
Float: 606,414,031 as of 2007-05-01
Number of Shareholders of Record: 73 as of 2007-05-01