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They are a non-reporting company, they don't have to file an 8-k, so no sense in even bringing that up.
Remember the PR from last year about increasing authorized shares for the purpose of possibly issuing shares for acquisition purposes? A property acquisition is an acquisition is it not? As of 12/31/13 XTRM had not issued any more shares than were outstanding at 9/30/13, but if they issued just 7.5 million shares when the price was around $.065 in Q1 2014, that would produce your $500,000. Is that what you are fishing for? So you can start a whole thing about shares outstanding? If so, we have known about the authorized shares since last year, and 7.5 million is not that much if that is in fact what happened. That is only one of several possibilies.
Everyone knows you have to look beyond any one single number. Don't just believe me, ask your financial advisor.
XTRM 12/31/13 quarterly report is out. Looks pretty good IMO.
Compared to last quarter:
-Net income is up
-No new debt, convertible or otherwise.
-Same amount of shares issued and outstanding
-Positive cash flow
Notice net income is up mostly due to a decrease in general and administrative expenses. My guess is that that is a result of closing the Corona operation. It looks like the benefits outweighed the detriments, as I presumed it would. Maybe they know what they are doing after all?
http://www.otcmarkets.com/financialReportViewer?symbol=XTRM&id=119829
XTRM 12/31/13 quarterly report is out. Looks pretty good IMO.
Compared to last quarter:
-Net income is up
-No new debt, convertible or otherwise.
-Same amount of shares issued and outstanding
-Positive cash flow
Notice net income is up mostly due to a decrease in general and administrative expenses. My guess is that that is a result of closing the Corona operation. It looks like the benefits outweighed the detriments, as I presumed it would. Maybe they know what they are doing after all?
http://www.otcmarkets.com/financialReportViewer?symbol=XTRM&id=119829
That is not insider information. If you re-read Steel's post and consider how you found the name change info to begin with, it is self explanatory. And to your other question; no, I just drop in occasionally these days and plan to continue that practice. Day to day life is a lot more enjoyable that way, you should consider it.
Sunburst shouldn't have any idea what XTRM does besides the joint venture? Where the hell did you get that? You made an assumtion and posted it as though it were fact. The truth is, it is extremely common for a business to pay an audit firm to perform an audit, review, or other form of attestation service to learn more about another company before getting into bed with them. It is at the expense of the company requesting the attestation service and with the consent of the company receiving the attestation service; and is considered pretty standard due diligence prior to an acquisition, merger, or partnership. It is not public infomation, and Sunburst would not be allowed to disclose any information to any third party. As for your other points, companies form and abandon subsidiaries all the time. Companies and their subsidiaries change names all the time. Even very large, high profile companies. It is really not a big deal.
Thanks for the support Boston. Happy April 15th week! Enjoy the spring and summer!
If you actually did productive DD and used critical business strategy thinking rather than just making up negative speculation based on your own brand of superficial negative spin tactics, you would know they were paying almost $10,000 per month at the Corona location for the purpose of functioning as a biodiesel processing center and gas station, as well as a manufacturing facility. The in-house processing and gas station model was losing money, so they opted for a better, leaner business model. The one we have all invested in. The better question is: Why wouldn't they move out of the expensive and ineffective Corona location? As for the one year lease (with an additional one year option btw), wouldn't you want to test the waters before locking yourself into something long term, if at all? Also, they do have 40 acres that they could build their own building on in the next year if they really wanted to. One year was the smart move given their situation, and the move itself was a no-brainer. See how easy it is to see right through your BS? You will respond with something that is ignorant and borderline naïve if in fact you are truly not trying to be manipulative, but your response will fall on deaf ears as far as I go. Here is a little info about me, not bragging, just so you know not to waste your time trying to convince me with your brand of “evidence”. I have a bachelor’s in accounting, a master’s in business, and what is one of the most sought after professional certifications in the business world; CPA. I was an independent auditor for several years. “Sufficient appropriate evidence” and “professional skepticism” were terms I lived by for years. I am now the Controller of an agency with over a billion dollars of assets and several hundred million dollars of revenue each year. That all means that I know what the f*** I am talking about in pretty much every aspect of business to a reasonably high level. I am simply telling you, whether you want to accept it or not, that in the real world, your “evidence” would be considered speculative, circumstantial, and mostly irrelevant. I am not suggesting that people shouldn’t consider all potential red flags in any investment, but I am saying you do not have anything close to a smoking gun, proof, facts, or anything else that gives you the right to act as though it is a fact that this company is up to no good. Even if they were, it would be something way more sophisticated than the garbage you are coming up with. I say that because, despite your narcissistic posts, they are smarter than you.
https://plus.google.com/108789493168142715600/about?gl=us&hl=en#108789493168142715600/about
Damn, so you are smarter than JS, everyone on this board, and Google? You are an amazing human being.
This is the former, most recent tenant. Before you start anymore BS, I own a rental property that has tenants moving out on April 30, and a new lease is already signed by new tenants beginning May 1st. Trust me, I am not running a scam either.
I see you are still making up facts. How many times does it need to be pointed out that you are wrong on your "facts"? The Corona facility has been replaced by the new, more appropriate, Lake Elsinore facility, and the corporate office in Temecula is not new. Where do you get 4 offices in 6 months? Also still creating unnecessary questions just for the sake of trying to fabricate doubt I see. This board has become a disgrace. I am still long, but I am going to disappear again until further news, since that is all that matters anyways. Reading the pathetic desperate posts of truly obsessed individuals is disturbing and depressing. And, as a true long, I just don't care what you have to say. See you all next news day.
According to Google maps, the location used to be an autobody/paint facility. If the facility was designed to rebuild cars and trucks in, as well as house the business operations, it sounds pretty reasonable for mobile biodiesel units and mini-refinery production. It looks like it will be a big cost saver over the old Corona facility. If they are not interested in running a biodiesel gas station anymore, why pay the high cost of the Corona location anyways?
New XTRM manufacturing/production facility.
http://finance.yahoo.com/news/corporate-132000588.html
Wow. The one time you actually try to post factual data, and your facts are not correct. Bravo.
You crack me up. You assume you know so much about so many different aspects of business, yet you don't know how to interpret a quarterly report and you work a job that your day off is on Wednesday.
Great points/analysis IMO. Thank you for that. May I add one more relevant piece of info from Spadafore's bio/experiences?
He also owned and operated a chain of liquor stores, which gives him experience operating in a highly regulated market dealing with sales and distribution of highly regulated products. That certainly applies to the MJ industry IMO.
The aspect of XTRM that keeps me intrigued is the simplicity and deliberateness of its business plan compared to others in the industry. XTRM is not trying to build and hype some complex web of intermingled and semi-related vague business ventures and partnerships that sound potentially promising on paper to a group of confused investors. No; they are developing a specific property for cultivation of MJ (medical now and eventually recreational and industrial), and they sell mobile and on-site bio-diesel refineries. That's it. Simple, reasonable, easy to understand, and a very promising foot in the MJ door. Or should I say the MJ golden gate?
I went from impulsive buyer, to brief doubter with a finger hovering over the sell button waiting for the next pop, to an informed believer. After the PHOT fraud ordeal yesterday, I am even more convinced XTRM is one of the good ones. They don't appear to be playing the same game as the bigger market cap, hype-machine ones.
Just like you think the pullback the last two days was just because of your trolling, even though the whole sector has been very red this week.
I believe both cases, yours and his, are probably mostly coincidence.
I know you are not. I don't believe XTRM is either. That was my point. I have received responses from info@extremebiodiesel.com and from JS himself.
855-736-7360. Connects to extreme biodiesel. It is on their website.
Info@extremebiodiesel.com. They will respond to a reasonable email.
XTRM and JS,
Thanks for the update. If you were in fact just filling us with hot air to pump your stock, we know you would have just said you have already ordered the containers, already started fencing and grading the land, and already started signing leases. After all, wouldn't that be more effective, and what would you have to lose? Thank you very much for the HONEST shareholder updates. Those of us actual shareholders appreciate them very much and will be looking forward to hearing about your (our) continued progress!
XTRM Shareholders
The background? Who cares? There are also mountains in the background.
I have a shopping mall I want to sell you. Two years ago it was a swamp. Isn't that "Illegal" too?
Here is what XTRM's vacant land in Adelanto looks like. No Trees.
https://twitter.com/XTRMBio?original_referer=http%3A%2F%2Fwww.extremebiodiesel.com%2F&profile_id=2395604983&tw_i=449324429017755648&tw_p=embeddedtimeline&tw_w=446274418424033280
855-736-7360. Connects to extreme biodiesel. It is on their website.
Info@extremebiodiesel.com. They will respond to a reasonable email.
XTRM NEWS.
http://finance.yahoo.com/news/xtrm-cannabis-ventures-announces-hemp-131200784.html
$.35 price target trading at <$.02
XTRM NEWS.
http://finance.yahoo.com/news/xtrm-cannabis-ventures-announces-hemp-131200784.html
$.35 price target trading at <$.02
That is very articulate Bull. I have been wondering all day about how poor his quality of life has probably been since he met XTRM.
Pivot,
You are greatly missed over at XTRM
Info@extremebiodiesel.com. They will respond to a reasonable email.
855 736 7360. Connects to extreme biodiesel. It is on their website.
Maple street in Corona is their old address, of course they are not there anymore. See their website for their current address in Temecula.
For someone so concerned with truth and justice, why would you not correct him on the 3 offices in 6 months comment? You know that's not true.
It looks like they are doing more work on the website. When you go to the XTRM Cannabis Ventures site and click on the "Mobile Unit" tab, the pics now run as a slideshow instead of just being posted on top of each other. Looks a lot cleaner and good to know they are working on improving it.
Tons of buying today. XTRM shares are getting gobbled up at this level. It looks like someone wanted them cheap.
Think critically for a minute folks. If they were merely a fraud relying on fake info to boost share price, wouldn't they have been watching the message boards and updated the contact info a long time ago? They have been at the Temecula address for a while and it has been available in their filings for a while now. It sounds more like a company that is very busy and preoccupied with a major business transition. If you were to navigate the website as a customer, it clearly says under the mobile biodiesel unit tab to email for questions and product info. They will return your email. They replied to me.
Website is updated. Can we drop the out of date contact info thing now?
http://www.extremebiodiesel.com/main/contact/
If that were true, that is exactly where the acquisition cash you keep questioning could come from. Thank you for answering your own question. You just might figure out how to properly analyze information after all.
Pay attention. I was answering the question of who the LOC is from.
Coastal Mortgage Group. Says it right in the PR.
You guys are asking for a level of detailed documentation that typically only auditors and attorneys are privy to. They are not even a fully reporting company. Get real please.
There is no proof they are not. They do answer emails. Email them and ask for a direct line to someone. Try puting "sales" in the subject line if you want some biodiesel, or if you want to pretend that you do. Joe Spadafore personally responded to my email. Have you emailed him or just the info@extremebiodiesel.com email? I have received responses from both. I believe they were different people too because the response from the info address was longer and more detailed and the one from Joe Spadafore was much shorter and to the point. If you approach them like a snoopy and/or accusative reporter or something, they probably would ignore you.