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002 0021 0022 0023
Does it really matter?
$5K in volume...
nothing to get excited about yet...
Luv
I agree - the purpose of the I-BOX is to answer questions for the newbies.
Bashing?
This is nothing compared to other boards I've seen. I don't really see any here.
It's healthy for people to bring questions to the board.
Re: Pinksheets.com
Pinksheets.com is NOT a regulatory agency, nor is it regulated by anyone. It is a private company, actually an LLC.
XTMS is using their security attorney to continue to work with Pinksheets.com to address questions. XTMS has already provided them an INFO sheet and now they are going back and forth with questions and answers between the two parties (i.e., security attorney and Pinksheets.com)
Further info from another board:
http://www.investorshub.com/boards/read_msg.asp?message_id=18398655
JR
115MM in the float will be huge at this price! My other bullets will be used at that point.
Pop
Actually, after I posted that I emailed him as well.
On chart...
Accum / Dist line is leveling off - may have hit bottom
CMF is still negative but looks like it wants to turn.
*** Count Justification - updated!
Float - The number of shares of a security that are outstanding and available for trading by the public.
Outstanding Shares O/S - The number of shares of a security that have been issued and are in the hands of the public.
Authorized Shares A/S - The maximum number of shares of stock that a company can issue.
Currently, for XTMS:
A/S - 900MM https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=oXI2e7N7LRgKVTlWUCz1sQ%253d%253d
Outstanding Shares - 555MM
Float - 539MM (555MM less the restricted and preferred)
From the March 22 PR:
Of the approximately 394 million shares to be cancelled, approximately 300 million have been confirmed by the transfer agent as cancelled and retired. ok, this takes us to 539 (839MM - 300MM) and when the other 94 get retired, we will be at 445
An additional 200 million electronic free-trading shares, are in the process of being re-certificated to bring the current float to 115 million as announced on March 12, 2007. The company is awaiting receipt of approximately 100 million additional shares for cancellation.here is the other 300 (200 + 100) noted in this paragraph, which will take the float to 145MM
What am I missing? I believe the answer is in the March 12 PR in the following line:
Free-trading, Certificated: 330 million
This is the 30MM difference from my 145MM. I believe there is typo / approximation difference. The 300MM in the 3/22 PR are referred to as the 330MM in the 3/12 PR.
On the cusp of the wedge!!!!
Your're quite welcome.
A/S vs O/S vs Float
Float - The number of shares of a security that are outstanding and available for trading by the public.
Outstanding Shares O/S - The number of shares of a security that have been issued and are in the hands of the public.
Authorized Shares A/S - The maximum number of shares of stock that a company can issue.
Currently, for XTMS:
A/S - 900MM https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=oXI2e7N7LRgKVTlWUCz1sQ%253d%253d
Outstanding Shares - 555MM (which means they can only issue 345MM more shares (900MM - 555MM))
Float - 539MM (555MM less the restricted and preferred)
As well, of the approximately 394 million shares to be cancelled, approximately 300 million have been confirmed by the transfer agent as cancelled and retired. An additional 200 million electronic free-trading shares, are in the process of being re-certificated to bring the current float to 115 million as announced on March 12, 2007. The company is awaiting receipt of approximately 100 million additional shares for cancellation.
Thus, the new float will be 115MM; the O/S will be 131MM.
I have bullets ready and am waiting for the confirmations.
The wedge has formed...
It's going one way or the other VERY soon...
Re: share count
Read the PRs in March. It is not too difficult to follow.
Perhaps I will create a table in the IBOX to illustrate the number.
We are at 539MM waiting for the other 100MM or so to be retired which will take us down to the 439MM.
Here:
3/12/07
Xtreme Motorsports of California, Inc. in response to shareholder concerns related to dilution, has secured the cancellation of approximately 394 million of the 839 million shares of common stock issued and outstanding. The majority of the cancellations were effectuated on March 9, 2007. Currently, the number of issued and outstanding shares of common stock of the company amounts to approximately 445 million, and is structured as follows:
-- Total: 445 million
-- Free-trading, Certificated: 330 million
-- Free-trading, Electronic (the "Float"): 115 million
3/15/07:
Of the approximately 394 million shares to be cancelled, approximately 259 million have been confirmed by the transfer agent as cancelled and retired. An additional 70 million shares, representing electronic book entry shares, which are considered the "float," are in the process of being eliminated from the Depository Trust Corporation (DTC) system, which should be completed before March 23, 2007. The final 65 million shares to be cancelled are being sent in from several shareholders from various localities, which may require up to two weeks to complete.
I know it's not 130MM
They are still retiring shares. Don't buy then.
No, I do not
I do know they are trying to get PINKSHEETS.COM updated, rid themselves of UNSOLICITED status and get unaudited financials there. I hope this will get completed by end of April.
Anna
Basically, we have to get audited financials completed and the proper filings (I believe current 10K and possibly 10Q). This would take 4 - 6 weeks IMO and cost $100K or so based on what I know of another company. Then the application would be sent to the OTCBB and that would take time (another month or more). The move to the Nasdaq requires other factors which you can search on, but that can take 3, 6 months or more (I've been in a company that moved from OTCBB to Nasdaq - it's a slow process).
Let's worry about the OTCBB first.
Chart
IMO
I've only been invested for a month or so and became interested based on the PRs. I think the value at 0.002 is ridiculous even if the A/S was fully diluted (which would put this at $1.8MM). We know for a fact that the current (as of 3/21) O/S is about 540MM (see IBOX), which would value the company at $1MM.
Now, they are still in the process of lowering the O/S - waiting for shares to be returned.
I'm basing my decision on the value and I think 0.002 is too low. What is the fair value? It's hard to tell at this point without financials, but from what I've been led to believe, PINKSHEETS.COM will be updated and will include financials (I would say in April as their fiscal year ends in March).
FWIW
I called the OTCBB contact information (Knobias) to see if they could give me any further information. I asked who initiated the stock symbol change and she said it had to be someone from the company. All of the other information she gave was already out there.
I can't find anything on this company - nothing! Searched on the former CEO, etc.
$8K volume traded thus far
VB
I see 3 trades at 10:12EST with those sizes
Stealer
LOL! I see your point and that would be one heck of an accumulation!
Circle..
I don't think he is slamming the company.
Let's see the company's next move and the effect it has. This is a battle and may turn into a war.
I have my ticket and will be in the front row watching.
Stealer6
I am not sure about timeframes with respect to correcting any "issues" (no pun intended), but I totally agree with you on the focus, i.e., compliance, etc. That's how they can nip it in the bud!
I will see what other tricks they have up their sleeve and any effect on the price those may have. If nothing else, it will be an education lesson.
When push comes to shove, audited finanicals and a better board listing are the real steps to take.
Transfer Agent - FWIW
I know there were some questions today about the Transfer Agent and getting info. I sent an email mid-afternoon requesting the latest sharecount and just received an email back from them. The report was the 3/21/07 count data as shown in the IBOX.
Luvtradin
Thanks for the update
I-BOX has been updated
ABNormal
I would strongly suggest calling John Macho to get an update on what's going on. You may have to leave a message with him, but he ALWAYS calls me back - sometimes it takes days. John can give you an update.
R/S is the least of my worries. If FLNA fulfills what they talk about in the last PR, we will be fine.
I don't know who else to contact, nor can I find any info on any other boards. I think it will move up quick when it gets some buying.
ok thanks.
until we see something on a website or other, we just sit and wait...it would be nice to be the first to find something and buy some. i don't think you can get many though...i bet 100k would take out 004 tomorrow
Luv
email sent
Yes...
I saw your post. Did you contact anyone?
Mor
I have it on my watch list because it is intriguing that the symbol changed. I've done some DD, but have yet to uncover anything of substance. Keep an eye on PINKSHEETS.com as well.
Ouch!
I suggest you do your own DD.
Have a good day.
Can you show me that they are not?
That's not proof.
Please provide proof of this.
I will only accept a letter from the TA - not volume count.
No AH on pinks...
These are just trades from the day....MMs clearing the books.