A word of caution that this company is very suspect.
They had a non working phone number and address posted on their website and last 8-k. The address was 1560 Maple in Corona. I drove there and found it was occupied by RCI Railings. That address is still listed on the SEC website. I took pictures and posted it on here. Less than 2 weeks later, they removed the address from their website, and the excuse was that they moved all their equipment to an Indian Casino, and that they were working out a possible deal. A short time later they said the they just leased a building in Lake Elsinore, and they are moving the equipment there. Then they said they are working with Sunburst biofuels in San Bernardino, and they are moving the equipment there.
Spadafore's corporate office is supposedly in Temecula, and the address listed is a Virtual Office.
They have had two business licenses revoked in Nevada under Extreme Green Technologies, and one active under Extreme biodiesel that expires in Feb. But they don't show any Business Licenses in California, and you have to have a license in the city you operate to be legal. The only license showing in California was the Corona address, and that one was Forfeited.
There is no property shown being purchased by Spadafore in Adelanto on the San Bernardino county website. Only property showing is some real estate property purchased in Hesperia.
If you read the latest report about the 5 million credit line, that was only for the purchase of property, and XTRM had to pay 10% of the property purchased before they could borrow the money. They only show 3000 in cash on their latest unaudited report.
I have done a lot of DD on this company, especially since I live in the area, and everything points to a scam. But everybody refuses to look at the info and just want to call me a basher.
I lost 1000.00 bailed at .033, and now everybody thinks I am bitter because I post the info that I have been finding out about the company. If I was bitter, I could buy over double the amount of shares that I had with the same amount of money I sold at. So that makes no sense.
I am not short, just continue to post my findings.
