Extreme Biodiesel Inc (XTRM)

[ice_n_ak]

bought into xtrm as a play on the strong Idaho housing market. And while the interest rates have risen and softened the market a bit homes are still selling quickly in Idaho.

What I failed to realize is that XTRM really is a dead play for investors. There is nothing to invest in here as the 'company' builds homes and sells them. All the costs are covered by building and selling and any profits go to those in charge and definitely not a shareholder as what is there to share?

My $4604.04 investment is now worth $189.08. This fall I'll probably sell this play as a stock loss but at least I learned more about how small public companies work.

It will be fun to watch those who play this at .0001 to see if they get burned also as to make profit they'll have to find people willing to buy at .0002 which mean the company will have to announce something silly as , "XTRM is now building solar panels out of recycled chewing gum," or some other silly endeavor which means nothing.

I personally would not buy any more of this garbage even if it was .0000000000000001