Replies to post #12586 on Extreme Motorsports of California (EMOC)

[sippinpurp]

Here's an email I received from Ryan April 15th. Hope it helps:



Mr. _______ - I have spoken with Mr. McCaa regarding this temporary increase in the issued and outstanding shares of the company. I have confirmed with him that the temporary increase is just that; the share reduction will proceed as planned to the best of Xtreme’s ability to reduce the issued and outstanding to approximately 445 million. In the meantime, the company has to move forward with its business plan and compensate certain individuals for their work on the company’s behalf. This is the reason for the temporary increase. Currently, the company is awaiting return of approximately 156 million shares (94 million mentioned in a March press release plus the 62 million).



The company regrets that this interim share structure report posted on a message board gave the impression to shareholders that the company would not move forward with its plans to reduce the issued and outstanding shares of common stock.



The company is not selling shares on the open market and since the float (shares held in CEDE & Co.) has not changed from 420 million in over a month, one can see that anyone receiving shares for services could not have sold them in the open market. This number would have had to increase.



If you have other questions, please let me know.



Best,



Ryan.