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Zak
I will email them everyday until I get an answer on the 504 question.
Zak
If true, they will have to increase the AS. We can monitor that fairly easily.
If nothing else...
news should settle us down....
Re: news
I think it was good that we have this clarification. I am still wondering about the prior PR and the suggestion of other near term announcements. How about an update on the California dealer?
News today!
Xtreme Motorsports Provides Important Shareholder Update
Friday March 9, 7:45 am ET
BAKERSFIELD, CA--(MARKET WIRE)--Mar 9, 2007 -- The President and CEO of Xtreme Motorsports of California, Inc. (Other OTC:XTMS.PK - News) ("Xtreme" or the "Company"), Alan McCaa, today provided a statement regarding the Company's current share structure, the recent drop in price and the substantial increase in short selling of the Company's common stock:
"We have all often read of or experienced the growing problem of naked short selling seen in many publicly traded stocks. Until this year, this has never been a concern for Xtreme, but given the recent volatility and subsequent decline of our stock price, we are now painfully aware of the issue. Other than growing our business, I have, over the last few days, taken several steps that I hope will convey to shareholders that the company believes the shorting to be a mission critical issue.
"Regulation SHO and NASD Rule 3360 require all member firms to report their short positions on a monthly basis. According to the most recent report, we have experienced an astounding 4,208% increase in our short position from January to February. We believe it may be more severe.
"Effective today, the Company has:
-- Ordered a Non-Objecting Beneficial Owner List (NOBO) from ADP Investor
Communications;
-- Ordered a current Depository Trust Corporation (DTC) Shareholder
Position Report (a "DTC Sheet") to match against the NOBO List;
-- Hired a forensic accountant to fully investigate any discrepancies in
these reports across the brokerages and market makers suspected of shorting
Xtreme's stock.
"Our understanding is that the findings of forensic accounting firms are admissible in legal proceedings and we intend to pursue all legal action to address this shorting abuse, no matter how far it may go. Illegal short sellers need to be brought to account.
"Shareholders have also asked for detailed, confirmed common stock structure directly from Xtreme. The structure is as follows:
-- Authorized: 900,000,000
-- Issued and Outstanding: 839,208,856
- Restricted: 269,685,069
- Free-trading, Certificated: 453,763,333
- Free-trading, Electronic: 115,760,454
"In addition, the board of directors of the company has held a special meeting and resolved that Xtreme Motorsports will not consider or otherwise effect a reverse split of the common stock of the company for the next six months at the very least. We believe this would not be beneficial for shareholders at this time and have decided to maintain the status quo.
"We hope this information addresses certain outstanding questions for our shareholders and appreciate their continued support."
Alan McCaa
President & CEO
Xtreme Motorsports of California, Inc.
About Xtreme Motorsports of California, Inc.
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 US. For more information, visit the corporate web site www.xmssandcars.com.
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:
Fairview Investor Relations, LLC
661.310.7880
Email Contact
IMO
It would be better to do a share buyback than issue a dividend.
They need to PR the sharecount / structure!
As well, they should state there is no 504 or other type financing if it is indeed true.
This should be done ASAP!
Hey XTMS - you reading this board?
Called and left a VM.
Cane
There is no AH trades in this land. Generally, this is settling of the books.
eddie
basically they were halted for 10 days based on the following
http://www.sec.gov/litigation/suspensions/2007/34-55237.pdf
after that is anyone's guess...
btw - hope all is well with you re: hospital
Interesting from the PR....
We urge you to continue to monitor the company for near term announcements that will greatly affect the future of the company and our shareholders
There can't be a huge announcement at a CC!!
This is a public company - they have to issue a PR first! You have to disclose the news to EVERYONE at the same time.
Funny
Someone stated "the price is dropping"
Come back in a few months...
Yep! I agree
I don't think we are on that.
I did a search and didn't find CKYS
Well....test 20day MA?
Thanks for 036!
004ish
triple bottom on chart - let's see
1st bottom 004
second bottom 0043
third bottom 0047
perfect!
.11 x .13 - nice 25K buy at ask
.11 x .12
Level 2
I have Alphatrade - Nite on BID at .11; SBSH on ASK at .13
(just updated at 11:41 EST)
Let's see, that could hold true for:
sljb (my oh my - could it ever!!!)
cshd (ditto)
et al.
Don't worry about it.
Here's my opinion on that.
If we went through ANY penny stock, that could hold true.
you beat me by a few seconds - LOL
DANS reversal
check it out
Looks like 001 may indeed occur soon!
From another board: DANS DD From ICON...
I called ICON at 212-730-0030 and spoke to a lady by the name of Karen to inquiry about the ICON and DANS deal. Karen informed me that the person who is responsible for the deal is a guy by the name of Joseph Teklits out of Connecticut whom works under their section called Integrated Corporate Relations. She gave me his email and the phone number of 203-682-8258 to call him. I got through the second time around.
I ask him about the deal being a buyout. I told him that I don’t see the deal as be a buyout, but instead as if ICON was just buying their product, being the intellectual property, which means that DANS would not merge into them or cease to exist, but instead enjoy the huge purchase because it would be listed as Revenues on the Balance Sheet of DANS. I stated that this would help them out tremendously and he agreed. Although he said that he did not know exactly what their total debt was, he agreed that this should help get them out of any debt and some extra because it will be listed as Revenues on their Balance Sheet.
I asked him about the outstanding shares (OS) for DANS. I asked him if it was still unchanged from their last SEC filing of 68,948,000 shares. Joseph stated that their OS is still the same and that he expects for it to remain the same.
He informed me that the $70 million will be cash and that the contingent payment for $15 million would probably be in stock. He said that DANS can either exchange the stock for cash to give the $15 million to its shareholders or give the $15 million worth of ICON stock to us DANS shareholders as a stock dividend. He stated that such would be up to the company.
Consider this from DANS as a worse case scenario assuming they had half of the cash being given to them as debt; $35 million.
(Revenues – Expenses) ÷ OS = EPS
($70,000,000 - $35,000,000) ÷ 68,948,000 = EPS
$35,000,000 ÷ 68,948,000 = EPS
.5076 = EPS
With using an extremely conservative PE Ratio of 12 and we can easily be fundamentally trading at:
.5076 x 12 = $6.91
Now keep in mind that the above share price guestination is only taking under consideration the $70 million and the the $15 million contingent payment to be given to us in either cash or shares of ICON.
I believe the report is $99
I don't see $199.
News out!
I suspect...
In another week or so, orders will be going off at lower prices....have some cash ready.
XTMS now!
Without facts - another nonsense post.
Hunter
CSHD??? Your're kidding. Anyone who didn't think that was a scam from Day 1 needs help. Did they ever halt their stock and open at $15?
Face it - there are many scams companies so that alone raises the percentage of halts on companies and likelihood that they never recover. Take a look at the notorious ones.
No one can make a general statement on the likelihood or unlikelihood that this stock will or will not recover especially based on history unless they have some inside knowledge. It's such a useless and worthless debate to talk about. I could care less if 99 out of 100 stocks never recover, historically.
Board and posts summary since suspension.
After carefully reviewing each side and calculating the possibilities of outcomes based on the criteria given, the assumptions made and the possibilities that may or may not exist, furthermore, extrapolating and removing redundancies, giving lower values to opinions and creating the correct number of permutations, integrations, and the like based on the population and ranges given, and consulting several highly respected scientists and mathematicians at various universities, as well as considering the ego and particular states of mind that are fostered at specific times of activity, multiplying each by the conditions with which exist to become associated with an outcome that is fair and amicable, I've concluded and have been proven as such that everything written in the last 3 weeks can be summarized and thus stated as such into three words:
BLAH BLAH BLAH
Now, let's all have a happy Friday and smile to a stranger, tell your father you love him if he is still living, call your mother, and be considerate of others.
Besides, as soon as I give the Nigerian man my bank account number this morning, he promised me that I will be receiving a large percentage of the $25MM held in a custodial account in the name of Dr. Abu Bubu, at which time I can tell everyone here to kiss my a$$ because I will be so filthy rich.
All in good humor - have a great weekend everyone.
Pig
Nope - sorry!
Phish
Good reply. BINGO!
Cowboy
Thank you for being informally formal.