Extreme Biodiesel Inc (XTRM)

[StockityStock2020]

For any of the dumb that still believe in this stock but don't know how to read filings properly...

https://backend.otcmarkets.com/otcapi/company/financial-report/240818/content

The last filing states:

"NOTE 5. LONG-TERM DEBT
As of December 31, 2019, the Company has outstanding long-term debt in the amount of
$1,500,000.00 incurred for the purchase of a business in Boise, Idaho. The debt bears an interest
rate of 3.5% and may be converted at $.003. "

Rachel Cook is listed as a noteholder, not an officer or someone with a control block. She doesn't even have any shares yet. The company owes $1,500,000 to her for the acquisition that can convert at .003 on 11/18/21 with a 3.5 interest rate.

So essentially, they can issue those shares at anytime. Including just doing a reverse split and then issuing 1.5 million worth of shares for Rachel to sell above the conversion rate.