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Ok guys...I think it may be important for shareholders to identify posts concerning PLNI that are false, misleading or just plain nasty... here is my nomination for the "PLNI Knucklehead Comment of the Day"...pulled from the swill of RB...any other nominations?
"Open letter to Brandon Turek:
You could end up in prison, just like your father and grandfather. Watch you step...Your young and you would be 'jail-bait'!
Testify against your family members. Its your arse on the line, and no pun intented."
rrm...You mean it's not fraud? You mean he isn't stealing from the coffers? Ohhh Noooooo
uwlungman...I don't communicate with Alan...maybe someone who does could ask him for you...However, I'm not sure I trust those kind of communications...I do think the public document will be available when it's completed so we could get the information then.
highline...I don't see an R/S in the near future...just doesn't make sense for anyone who's in the game...if an R/S was in the cards it would have been played imo...but who knows...I see a share game being played...Why not run it soon? Look at the charts...if there was a short position it's covered now...the greedy can play this puppy several times over the next couple years...the perfect share game...just a thought...
rrm...now the issued and outstanding shares come into play...
you too xsurfbum...just don't go to far...the greedy may make their move sooner than we think...they hate waiting...
Welcome to the "pennyland shuffle"...Wonder what Shakerzz will charge for the next mega run?
Second place goes to...
"Nice job Jim!! you now have your kid involved.. hope your a happy man."
The award for the most irrelevant conclusion of the day...goes to....
"It looks like the department of justice is going for tureks jugular"
Well daiello, there you go buddy...that's where your answers are...it's a shell game with the shares...why else the two years? Someone is going to make a pile of cash...it will require the PPS to spike...it will require a huge run...HELLO SHAKERS...then dilute, then pay off the note and the 100 billion shares go bye bye...does anyone really think this company is going under? think about it...just a thought
So what happens if ETMO pays off the loan prior to the two years? Input please?
no problem pascal...it may be commonspeak but it shouldn't be...especially this close to the 11th...
Pascal...Please keep 9-11 out of this...
What if they can pay the loan in full in less than 2 years? Input please...
This is a new one on me...Two years restricted and the float is not affected? Interestintg approach...
Extreme Enters Into Agreement for up to $3.6 Million in Funding
Use of Proceeds to Include Construction of New Manufacturing Facility, 2008 ESV Demonstration Models and New Line of Exclusive Extreme Off-Road Components
BAKERSFIELD, Calif., Sep 10, 2007 (BUSINESS WIRE) -- 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.
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 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.
SOURCE: Extreme Motorsports of California, Inc.
CONTACT: Extreme Motorsports of California, Inc.
Investor Relations
661-310-7880
etmo@fairview-ir.com
Copyright Business Wire 2007
-0-
KEYWORD: United States
North America
California
INDUSTRY KEYWORD: Motor Sports
Automotive
Recreational Vehicles
Sports
SUBJECT CODE: Funding
Agreed...If possible, it needs to be posted in the IBox...
jack77...I think a variety of officials have the evidence needed to achieve the goals that you discussed.
Notorious bears and naked shorters....
Scion and Mitchell attempt to call out Greenbaypackers...They are running out of ammo on Plasticon and are now concentrating their efforts on shareholders. Last week was RRM and now Greenbay...Fridays filings by Attorney Ellen Kennedy seems to be putting a damper on the hot air valves...
"GPG and the "real" investors saw the writing on the wall a long time ago and bailed. Way back when I first started waving the caution flags, GPG at least wrote me PMs wanting to know more. Despite the specific details I gave him and contacts to call, he didn't believe me, but at least he didn't drive right through the caution either."
It seems that the legal team has accumulated all they need.
Hard to cook any of those Ivy League menu's when the crows are scattering...
E. None of the above...hehehehe...
Looky, looky we have "Game On"
Did you read the prior filings carefully? I wonder why the details have not been posted on the Bearblogs?
I guess I need to catch up...but...Plenty of rumors floating around I see by reviewing the past weeks posts. It seems another party or two have joined in the Game.
So Rick.. do you like diet coke, bottled coke or regular Koch? I hear it's real tasty and goes down smooth?
Yep...looks like a two way street...I wonder why the text was not posted by "the researcher"? hehehehehe
I can't help but agree the shorts jumped on this a while ago...remember shortsinthesand is their front person...but...in this case I don't think they are waiting for an RS...I think they are going to play it on the way up.
You have a great weekend too RRM...
Funny stuff...not much left in the bag of tricks hey? Going for the standard RS baloney now.??
RRM...Thanks for the Pacer update...Thank God the Judge put a halt to all this BS about Fraud. He set up a standard process for complaints about payments...so...Murphy complains...Turek answers and if it is a problem then Turek pays... Very orderly standard process...Lets now get on with the business of October 3rd...
Stoked...Excellent post...Time will tell..
RRM...I noticed a bunch of the "Crew" came out last night to attack on this $7,500 issue. You did well and after reading your posts I also see they continued to pound away at you personally? I suspect there is mischief in the Chapter 11 process concerning this issue by this group. I wonder if the Murphy Team ever does any DD on their own or just relies on what the Crew can distort?
The question of the $7,500 is becoming beyond foolish. Here's a well known ego maniac posting misinformation regarding this same issue. Nothing has been "firmly established" and certainly the assumption Turek is "siphoning off $7500 a week to himself" is another statement made out of this posters extensive imagination. Disappointing from a guy who I'm sure at one time had potential.
"And yet another perspective: now that it's been firmly established that Turek is violating the court order and siphoning off $7500 a week to himself-- where is the admission and condemnation from the shareholders who originally were misled into thinking this was not the case? Do they condone such behavior? How could they?"
- Jeff
RRM...no apology necessary..this $7,500 is a non-issue..grabbing for straws...Leave it to the Judge to sort out and decide... There's no judge/jury on these blogs that I know of...It seems something happened in court today for the roundup of the crew tonight to occur...must be getting interesting...
RRM...You are saying the $7,500 is for payroll? So what's the problem if the payroll is higher than that? If the $7,500 is applied to the total payroll then it's a non-issue...There is another agenda here?
That doesn't tell me what I need to know...Good try ...I guess if I use to have a job there I could rattle it off too...I'd rather see the firm data...
RRM...Scion is saying it is part of the data submitted in Document #53. I do not have the ability to scan here..I can in my office tomorrow to confirm...and post it...
RRM...Stay away from this kind of baiting...the fly is now a well known character...
Fly...That's a very limited view based on what business experience? Do you have any confirmed data outlining your position? Otherwise quit trying to bait RRM after Shirley tried...It gets old...
Stoked...how are you?...The multiple aliases are generated by an operation that has unlimited IP addresses...on the gentle shores in the Nutmeg State...Part of the illegal NSS game...It use to be clever before Anthony found Bubba but now with the new "leaders" it's almost sad...
Well RRM, those close to the situation know the diagnosis. You just have to accept that. I certainly don't feel sorry for him...it's his responsibility to stabilize...no one elses.
I'm going under the assumption it is information not in the public domain and have been doing so for a while now. In this case it is a non-issue until the Judge decides it is one...so the constant accusation is more out of desperation than anything else. No worries buddy...
RRM...I read it the same as you...
Anyone looking over the charts? The accumulation/distribution, Money Flow and RSI? Might want to look it over tonight...
Kind of looks like Lurch on diaretics...The old Adams Family...black and white...
Done with you if you can't seem to concentrate on one simple question...find someone else to square dance with...