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Always good to hear from ya' bro'...have a good evening.
Right on bro'...thanks
Nice move on GVEC...
on minimal volume no less, ADBN worth a look bro'...have a good evening!
NICE BRO' I like this one....
Thanks man, I'll be back for my usual Q&A soon....I hope...lol...have a good evening.
Thanks bro' was just looking at an AXTG chart.....
You must be a mind reader ;)
volume needs a kick in the butt :)
What a joke...
he's saying you don't know anything about business...LMAO...Anyone with more than two days experience in the pinks will see the new AS and move on.....UNBELIEVABLE the gall of this man.
Hey Blue whats up bro'.....
My laptop is fried and at the tech guys being worked on so I don't have a chart for ya to look at but was hoping you'd do one for me on MOVI....TIs' and candles looking good, other than some profit taking today.What's your take, I'm thinking pullback and possible entry over the next few days....later man and thanks.
Amen brotha!
by EOW that scenario will undoubtedly play out, but as far as the collateral issue, I was merely stating that it's a win win for CARMAC...Alan does good and pays them back with profit(which is the only way we as shareholders have a chance all be it slim to none) or they own a company. R/S 1000/1 and game over.
An R/S at this point would not make a difference, since the 80bil is part of the A/S. Doing an R/S on 20bil would still leave us at 0000's. No one will buy a stock with that many shares waiting in the wings, 2yrs or not......IMO as always.
I think I already paid him once...lol...have a good evening Bearclaw.
If the shares are nothing more than collateral until 2yrs have passed(at which point they become assetts) then that scenario would be the only possible positive outcome for shareholders as a whole. Unlikely but possible.
Anyone need a good laugh...kinda sad actually!
Read the bold print:
Extreme Motorsports of California, Inc. (OTC:ETMO) (“Extreme” or the “Company”) is pleased to announce it has entered into an agreement arranged by Carmac Associates, Inc. of New York and Delray Beach, Florida, U.S.A. to provide up to $3.6 million in funding in a transaction to be completed in the next 60-90 days. As the funds become available, the Company will commence construction of its 2008 Extreme Security Vehicles (ESVs) for nation-wide demonstration. In addition, the funding will provide the necessary capital to begin manufacturing a line of proprietary off-road component parts, including hubs, brakes, shifting systems, as well as closing out the long-awaited Extreme Transmission systems project, a first for the sandcar and off-road motorsports industries. The funding will also be used for the development of a new manufacturing center for assembly-line fabrication of the ESVs.
“We couldn’t be more pleased to be working with Carmac Associates Inc. to provide Extreme with the necessary growth capital to expand its business beyond anything yet seen in the sandcar industry,” commented Alan McCaa, President & CEO of Extreme Motorsports. “Perhaps most importantly, a portion of the funds will be used to begin development of our new manufacturing facility, which we anticipate will be as large as 150,000 sq. ft., which would be the largest of any Sandcar manufacturer in the world. We are in discussions with several state governments and their economic development committees to revitalize former centers of manufacturing in cities that have fallen into disuse.
“This new facility, in addition to featuring a redesigned manufacturing process, will provide the capacity to begin large-scale production of the 2008 ESV and meet the demand for its one-of-a-kind maneuvering, armoring and technology systems,” continued McCaa.
As well as providing the deposit on its new manufacturing center, approximately $250,000, $100,000 will be used to complete current customer projects (reimbursable when the customers pay the finally bills), $200,000 to secure additional employees, $300,000 for a fleet of tractor-trailers to transport the ESVs, approximately $200,000 in branding, advertising and marketing, and $500,000 in general working capital. The remaining 2.35 million will remain in reserve to support operations once full-time production of the 2008 ESV commences, sometime in 2008.
To accomplish this funding, Extreme has increased its authorized shares of common stock to 100 billion. The Company anticipates issuing up to 80 billion shares of common stock to complete the funding. The shares will be fully restricted for a period of two years. Until the second anniversary of the offering, there will be no increase in the number of free-trade shares in the market. Management will retain 1 billion shares of preferred stock to maintain voting control of the Company.
“While we recognize the significance of this issuance of shares will have for our current shareholders, management believes this funding will significantly increase shareholder value by providing us the growth capital to maximize the opportunity of the ESV,” stated McCaa. “While we considered a reverse split as one option to complete the funding, we made many representations to current shareholders that this was out of the question. We believe the fact that the shares are restricted for a period of two years provides Extreme with the necessary time frame to build the value of its free-trade stock for its current shareholders by developing the market for its ESVs.
“We look forward to the future this funding will allow us to create for the Company and its shareholders,” concluded McCaa.
Hopefully it comes about ten minutes after open, when I'm done adding.
Not trying to beat a dead horse here....
but in none of the corrispondances' or the PR have I seen Astrom mentioned specifically. It would stand to reason that if he were no longer part of the co. that it would be announced, if for no other reason than his reputation. That being said I'll no longer dwell on that subject and will continue to follow this company as it seems to have potential...Good luck to all and have a good evening
An optimist...I like that ;)
lol...wonder what Alan has planned for the 18bil left over after funding?
LMAO...you did say you wanted some 1's...
CRAZY STUFF BRO'...just crazy almost comical!!!!
boardmarked.....
Thought I'd stop by and look around. Hell, someday I may find myself in Ukiah. In which case, I'll stop by the brewery, taste test everything they have and stagger back home...lol...You're right bud, looks like they're tryin' to do things right, Kind of an oddity here in the pinks these days. take it easy bro'.
Mr. McCaa....
CONGRADULATIONS you have now joined the likes of Richard Altomare and Richard Astrom in thievery!
ABSOLUTELY UN-FREEKIN-BELIEVABLE
I was just kiddin' bud I know you had nothing to do with that....
Totally agree on the flippin' action though, There's money to be made, but with Astrom lurking every run will be met with profit taking until he's Officially gone...IMO of course...have a great day RJ...Talk to ya later.
Always a pleasure ;)
I see how it is....
come in as asst. mod(PDVP) and kick me out...sheesh some people...lol J/K....Good luck over there man, hoping to gather some info this week and possibly take a new position in PDVP, totally dependant on said information...lol...Astrom is too spooky to take any chances....looks good for a flip or two now but who knows what it'll grow into....later bro'
Agreed....
They should call it BS not BCS...lol...I'm out man...GL tradin' tomorrow.
Nice job on the I-BOX guys....
admin shouldn't have any trouble with that.Hefs got some beauties and a helluva run(pps) going as well!
LOL..0-2 not good bro'
Agreed, The first PR stated "controlling interest", I was curious because with only 12mil left(between the A/S and O/S) once they're sold and with Mr.loud stating no R/S, Restricted shares are the only option left if they were to need capital, other than an A/S increase. Very interested in the SS and who owns what!
Does anyone know if any of the O/S are restricted shares held by Mr. Loud?
Hey bro'...how long do we have to make our next pick?
What's up RJ good to see ya' on the PODIUM board as an asst. This ones gettin' alot of attn, hoping Astrom is gone for good....we'll see?
Thanks Blue.....
I always forget about the gaps, all in good time I guess :)
OFF ALL DAY :).....
lookin' at some co's as we speak to spend my retirement on...LOL...tty tomorrow bud, have a good evening!
Didn't get to see the game but the TROJANS won :)
had a few flash floods around the area tuesday here...crazy...I'll bet the temp finally dropped for ya' though :)
What's up bro'..sittin' here on my home comp cuz my laptop had a meltdown...lol...can't even get into the damn thing at all, tomorrow it's off to the techies with it.hows tricks your way?
TEST CHART DO NOT TRADE.
hey Blue take a look and tell me if I'm even close here..lol..
with the strong moves by the RSI,CMF, and STO, I'm looking for the ADX and MACD to follow suit tomorrow if the beginning of an uptrend is to be established
very encouraging....starting to like this.
Thanks bro'....
Watching this one for a bounce:)