Extreme Motorsports of California (fka EMOC)

[NextGenTrade]

Alan CEO interview excerpt,


“Well you know the thing that I am always concerned about is we have a lot of loyal shareholders. And my goal….we have a multi year growth plan…you know…those that are trying to buy stock, flip it and make a quick buck, that’s not who our real focus are. Our focus is on are loyal shareholders to build their value over a period of time. We’ve had the 504 in place for quite some time, we’ve raised about $450,000 on it. We really haven’t raised all the money we were…had the opportunity to because some of the shares we had in that 504 we’ve used to pay for services so we can keep our cash close and continue our program….you know our growth program. But with that we really looked at it in the last few months and decided, you know what? We are going to close that out.For the sake of our shareholders and then we are gonna start a buy back program of our stock. Our current price because of Naked Short Selling simply doesn’t reflect the true value of the company especially with the recent contracts. So we are going to start purchasing back stock on the open market. We have set a limit right now of 2% of quarterly profits. And we are going to continue buying that back and then we are going to cancel it and we are going to reduce our overall outstanding shares. To really bring back value to the company and value to our shareholders because we really do appreciate…we have a lot of really loyal shareholders.”

As you can see it doesn't say 50K anywhere.