Xtreme Companies (fka XTME)

[VistaViewer]

SD1527, There is at least one Convertible Debenture Agreement in place.

It's not very big, only $240K. But some folks I have reco'd this to won't touch it for that single reason.

It certainly doesn't look like they have tapped the CD to any degree, otherwise it would be reflected in the movement of the PPS, as you can usually spot CD-conversion trading patterns. On the contrary, it looks like they have made the hard choices to fix what was not working, instead of just relying on the CD to "float the boat".

You can read about the CD in the 10KSB of 4/14/06

http://knobias.10kwizard.com/filing.php?repo=tenk&ipage=4097964&doc=1&num=41&total=6...

As you know trust is very important in small companies like this, and from what I can tell this company has top-notch management. I am sure they will execute. And did I mention the kick-azz product line?

I like this deal so I'm in for 200K shares.

Good Luck on your DD.

VV