Extreme Motorsports of California (EMOC)

[luckydude777]

There were questions being asked some days back about how a stock like ETMO can trade under $.0001

Here is a post from the RSDS board that clearly reveals HOW/WHY it can happen:

Posted by: makesumgravy
In reply to: righty who wrote msg# 33710 Date:12/30/2007 6:24:25 AM Post #of 33721

We have all wondered about this trading activity at .0000

We all know this is cellar boxed. When this occurs the stock remains at this level. The reason it's at this level is due to the dilution factor. Even here Berman is selling this stock.

We don't know who at this point is doing his bidding for him but its being sold at the 5 digit level. For example its trading between .00009 and .00005 and its being done using these various routes.

I contacted Scottrade and this was their response to me.

Thank you for your e-mail. There is no bid for RSDS, and only asking price between .0001 and .0003 the past few days. At Scottrade, listed stocks on the exchange or NASDAQ securities only take orders in two decimal places. For bulletin boards and Pink Sheets under $1 we can take up to four decimal places, and Canadian stocks placed with a broker are three decimal places.

If the quote was showing five decimals, that is not something we are entering here, and could be trading between institutional investors over an Electronic Communication network (ECN) that does not have a middleman like a broker executing the trade, or maybe some other broker is able to place a trade for one of its investors for five decimals.

Since we know that the share count has been continuously rising its obvious that Berman or his MM has found this source.