Extreme Biodiesel Inc (XTRM)

[UncleBilly]

Company Tweet on Monday said annual report will be out in the next week or so (Tweet linked below). This was interesting because it isn't actually due until September 28. Its due 90 days from end of Fiscal Year ending 6/30/20 so it is interesting that they said it will be early (but the wording of the tweet made it seem like they wanted to get it done even earlier).

Yesterday, they announced LUPINE COVE deal closed so perhaps they are looking to add that minimum $10,000,000 deal on to the annual report as part of a "Subsequent Events" addendum (which is common when big deals are done after the Fiscal Year ends that provide positive forward guidance for investors).

XTRM acquired North Star on November 19, 2019 so the annual report will cover end of November 2019 - June 2020 (about 7 months, not a full year and it is still going to be a MONSTER 10K). The March 10Q showed $2.5M in revs the first few months with very little debt (the note holder, Rachel Cook, is a realtor who is actively selling North Star Homes so it was a good early stage investment).

After the March 10Q, the pandemic hit businesses hardest in the following months that will be covered in the annual report (e.g., April - June) but the company's last PR in August still had positive news: XTRM sold 21 homes with 8 more under construction this year. A few days later we found another North Star home sell for $531,000 on Zillow so that would be 22 homes sold this year (at minimum).

I will be looking for a few things in this annual report. The increase over $2.5M revs will show how much revenue they were able to generate in April -June pandemic months. Even though it is an annual report, it will only really cover approximately 7 months because the acquisition occurred in late November 2019; therefore, a "Subsequent Events" addendum with July, August, and possibly September revs along with positive forward guidance is likely.

Additionally, the major lot acquisitions that we know are finalized worth approximately $30-35Million should be included (if not in an addendum to the 10K, in a separate 8K). Meridian, West Boise, West Meridian LUPINE COVE are the projects.

When and how they will execute the name change is also anybody's guess but they will get it done IMO (based on my personal DD).

Then, of course, the BIG BEHEMOTH: 214 Lots with homes starting in the $300,000s "to be announced in the Fall" is the Wildcard catalyst that can be announced any time after September 14 (that's the earliest possible date because it would be 60 days after Cirrus Pointe went "under contract" on July 16 and it takes at least 60 days to close). First day of Fall is technically September 22 but that could just be semantics. I love Earth Wind and Fire so it could be "Do You Remember, the 21st Night of September" when its announced. :)

In any case, there's a lot of catalysts this month and this company is just getting started. The ebb and flow is what it is but its entirely possible we see a DIME+ run with all of the catalyts and the way this stock moves on air with any type of buying pressure (e.g., yesterday we had $1.5M volume and 113% increase).

Profit takers today with a hot RSI in the morning followed by consolidation after a big 113% run is no surprise but selling really dried up at the middle-end of the day and I think we have some strong hands who want to have all their shares when these catalysts hit and we run like the wind.

Company’s 06/30/2020 annual report is taking longer then we expected, hopefully it should be done and uploaded on OTC Markets in the next week or so.

— Extreme Biodiesel (@XTRMBio) August 31, 2020

https://twitter.com/UncleBillyMoney/status/1301583815014518784?s=20