Extreme Biodiesel Inc (XTRM)

[Bruinfan4ever]

Read the fine print. The 5 million was only to purchase property in which XTRM had to still pay 10 percent. How much did XTRM pay for that 10%? And since they already purchased property, there is no more backing.

XTRM plans to use the credit line for purchasing real estate for the purpose of Hemp Cultivation, Medical Marijuana Cultivation and Commercial Real Estate related to dispensaries so long as it’s use is deemed legal.

Some of the terms of the line of credit are that any transactions and property use are deemed legal by state and federal authorities, clear title, and that the Company must contribute at least 10 % of the purchase price