XTOG from J.T. The DD King posted today:
Here's the deailo.......Although revenues were down by nearly half for the comparable nine month periods, the net operating loss was just $(422,915) compared to net operating income of $683,628.
One important item to consider is that on $2.36 million with 12% annual interest convertible note, 18% since it went into default, the structure was defined as to indicate that XTOG stock at its current price is an absolute bargain. The note states that the lender shall be entitled to convert any portion of the notes only up to the amount by which the beneficial ownership by it and its affiliates would be equal to or less than 9.99% of the outstanding shares of Xtreme Oil & Gas’ common stock.
But here’s the kicker: The notes are convertible at a fixed conversion price of $0.28 per share!!!!
Seeing as how the Company has engaged Williams Financial Group to help them acquire financing for a tank truck service, a deal the Company had hired Southwest Securities, Inc. last month to do and subsequently terminated, it all looks like XTOG stock could be poised for an extreme break out here soon. This spells HUGE!!!
The 10-K and Q4 numbers are due to come out shortly and, having not diluted their stock by issuing less than 300,000 shares from September 30, 2011 to September 30, 2012, traders will want to keep a close eye on XTOG stock moving forward into the spring.
Everything indicates the worst is behind them and it should be clear skies ahead with the news that just hit the airwaves!
PLANO, TX -- February 13, 2013 -- Xtreme Oil & Gas, Inc. (OTCQB: XTOG) (OTCBB: XTOG), announced today that the company has engaged Williams Financial Group (WFG) to assist the Company's Board of Directors and management in fulfilling our acquisition strategy and enhancing shareholder value and liquidity. WFG is a FINRA member and SEC-registered broker-dealer.
