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With all the things being said on this board, one thing we know for sure after earning are announced eather the bashers or the positive thinkers one of you will be able to say I TOLD YOU SO.
I set an email to the IR on record and here's what he sent back
I wish I could help you with this matter but I haven't been the IR for the Company since August. Last I checked back then the outstanding was 2.2 billion and the authorized was 2.5 billion. But that was 5 months ago so i really don't know the true numbers. I hope this helps and I'm sorry I couldn't help more.
Thanks
Marc A. Lovito
Brass Bulls Corp.
I am a shareholder in RMDG. I am finding conflicting numbers in the amount of authorized and outstanding shares in the company, would you be so kind as to send me the correct information. Thank you for your help in this matter
Sorry it was was a bad comment to make
Gee sorry I was a few days off, my broker told me 45 day again SORRY
The rule is you cannot buy back your share in the same company for 45 day to get the tax loss
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.
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.
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.
I don't believe so. I checked many financial sites and the auth. is 2.5 bil and the outstanding is a little over 1.4 bil. This stock is trading to low for someone to take the money and run. With a avg. trading day of 24 mil and this one person making all the trades on the sell side there taking in 14k a day I doubt it on person doing all the selling and if so the market makers would raise a red flag on this one. I can see some short sellers, every stock has them and I can also see people taking a tax lost let's face it the stock hasn't moved much in the past year to make a difference. You would have to own 10's of millions of shares to make some money so it would not be taking the money and running more like a slow walk.
I have one question is this a board that deals with clear cut information that can be backed up or just conspiracy theory. Let’s move on and hope for a better 2007 for this stock.
Can you say CLASSACTION lawsuit
You can't do it under people noses, you have to file with the SEC giving notice and that type of stock can only sell 1mill dollars of stock in a year. If you read their filing they closed there schedule D in Oct for this year. They can't sell any more this year or for a year I'm not sure about the exact rules for this. They have 1.8 bill o/s
I just sent a email to investor relation to get the correct auth. o/s info
I believe we have a snake in the grass, all the site I checked out say 1.8 bil outstanding and the company closed their schedule D filing in October which means they can't offer more share of there company for one year of the closing I believe. But I know there's a time limit and they have to file with the SEC first
OTCPicks.com has the same info 1.8 bil outstanding not 5 bil. I think someone adding to the outstanding every time they see a bid offer being made
I've been going on pinksheets.com for years and I found them to be very accurate, So if someone has a better source tell me were.
have any of you checked out pinksheets.com
One that can't afford the pre-christmas ad pricing
So it seems the only one making money off this one is the marketmakers
You can, But the SEC doesn’t put much effect into pink sheets. I owned a company called extremtechnolgy they had an IPO in Oct 05 at $1.10 a share it fell to under 10cents within 1 month, they were out of business within 9 months. I call the SEC they took my complaint but they said not to be mean but with all the high profile cases we have the effort we put in will be about the same effort as you, a phone call to the company. Haven't heard back form them sense
well there will always be that class action lawsuit we can bring against them
Could be, but even at these levels I've taken such a hit over the past 5 years why not wait it out and see what happens a few more hundred isn't going to break me.
But why dump, their lossing money and why not wait to see how the market reacts to the earn release
This could be people taking that tax lose for the year and figuring the stock hasn’t moved in two year waiting for that 45 day wait period and buying back at these low levels and hoping for that bounce end of the first quarter to middle of the second quarter next year
I can only assume with all of the negative posting yesterday, we should see rise in selling volume due to some of you getting out today
been there done that i know what your talking about
So with all the negative posting going out how many are putting in sell orders tomorrow
I believe until the end of the year you will see people selling for the tax loss. The stock has been over sold most of the year, I'd sell but I have faith. Need the money more then the loss.
At least two months
With these downward move they'll never get off the pink sheets
I agree there is nothing we say or do on this board to raise the PPS, if we could we'd all be smoke Cuban cigars at out winter vacation homes. But also in today world an exchange of information doesn’t hurt anyone that what these boards are for KEEP WRITING
It all ready reached .008 in November when all the short sellers got out. Now if you look at the STO this is oversold, so we need to drive interest in this company to generate buying
If you look at what was said it's the same letter he been releasing over the past year. I've been holding this stock for over the past 4 going on to 5 years and all I’ve seen has been losses. I've seen r/s, I’ve seen company change direction I’ve seen them raise capital by issuing more stock, by the way why didn’t they get a loan for the 900k plus they raised from the stock issue oh that’s right they don’t have to pay the shareholders back and what do we get, not much. Hey, I proud to say I'm in it for the money and I invest to make quick money if I can. I'm in it so I can buy that nice watch not to see ROC showing off his on an album cover. Don't tell me most of you don't feel this way or all you would do it is buy the stock and open your statements once a year to see where the price is at were all here for the same reason MONEY. I know the risk when you invest I’ve been supporting my family for the six years by doing this. Just my opinion
I liked what G said, but as always alot of fluff no meat.
was still below average trading shares we need a boost in buying not just a few people selling and buying their shares back
Let hope tommorrow bring good news not just fluff
And that only a little over 13,000 in money flow
I agree, but I remember the days of 100 to 400 mill traded
If you believe the traders credo buy the rumors sell the news there must not be much coming out of tomorrow’s letter to the shareholders to drive buying today