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Monday, June 11, 2007 2:08:34 PM
Extreme Motorsports of California, Inc. (Other OTC:ETMO.PK - News) announced today that BUYINS.NET, www.buyins.net, is initiating coverage of Extreme Motorsports of California after releasing the latest short sale data to June 2007. From September 2006 to June 2007 approximately 3.6 billion total aggregate shares of ETMO have traded for a total dollar value of nearly $13.3 million. The total aggregate number of shares shorted in this time period is approximately 279.9 million shares. The ETMO SqueezeTrigger price of $0.0037 is the volume weighted average short price of all short selling in ETMO. The first of several short squeezes is expected to begin when shares of ETMO close above $.0008, where approximately 62 million shares have been shorted.
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