***** Change of Symbol may trigger a short squeeze. *** Many PRs expected in the next few weeks. *** From Ihub:
Posted by: sc20565 In reply to: None Date:5/21/2007 9:04:24 AM Post #of 17268
BAKERSFIELD, CA -- (MARKET WIRE) -- 05/21/07 -- Extreme Motorsports of California, Inc. (PINKSHEETS: ETMO) (PINKSHEETS: XTMS) ("Xtreme" or the "Company"), has initiated a full program to promote its brand identity and associated trademarks. Soon, the Company will release, both on its website and at its corporate and dealer locations, new branding and corporate identity materials that are being registered with the United States Patent and Trademark Office. As a result of promoting its corporate identity and protecting its intellectual property, the Company now has the right to limit the unauthorized sale of its shares of common stock. The overall strategy is designed to protect shareholders from purchasing shares from naked short sellers, which the Company believes may be counterfeit and violate copyright and trademark protection laws. The Company intends to pursue those who wrongfully "naked short sell" its common stock to the extent that the common stock of the Company is now part of its intellectual property portfolio. Since February 2007, the Company has been working with its corporate and securities counsel to develop a means of protecting its brand and corporate identity, including stock certificates, under U.S. Code, Title 15, Chapter 22 - Trademarks and Title 18, Part I, Chapter 113 - Stolen Property. From a civil law perspective, violations under these laws provide for the recovery of the violator's profits, damages caused by infringement of the trademark and the costs of prosecuting the violation. The statute also provides for treble (three times) profit or damages, whichever is greater, when the violator knowingly uses the pirated mark in connection with a profit-seeking activity. If a trademark infringement is indeed confirmed by final judgment by a trial court, the holder of the trademark can elect to recover up to $1,000,000 per counterfeit mark if "the court finds that the use of the counterfeit mark was willful." From a criminal law perspective, trafficking in counterfeit trademarks carries potential fines up to $2,000,000 and/or imprisonment of not more than 10 years for an individual and fines up to $5,000,000 for violations by companies. In the case of multiple convictions, the fines and imprisonment double for individuals and fines triple for companies. As part of this program, the Company has developed a new certificate which contains both trademarked identity and copyrighted materials. To ensure it would be able to avail itself of the highest level of protection, Xtreme applied for a new CUSIP number, the standard numbering system developed for all U.S. debt and equity securities. This new CUSIP number for the Company's common stock necessitated a corresponding ticker symbol change. As of May 21, 2007, Extreme Motorsports of California, Inc. will trade under the symbol "ETMO." James A. Reskin, General Counsel of the Company stated, "The Company can now claim that its materials are subject to copyright as well as trademark protection and intends to enforce its rights under these laws. Legitimate buyers of the Company's common stock will not be affected, including those who buy and sell electronic representations of our copyrighted and trademarked common stock. "However, those entities who sell stock purported to originate from the Company but which does not, in fact, originate from the Company, may be selling counterfeited and pirated copies of copyrighted or trademarked materials. Therefore, whether due to illegal naked short selling or issuance of counterfeit securities, the Company intends to pursue the unauthorized duplication of its trademarked materials and believes that the remedies available under intellectual property laws should allow us to pursue violators in criminal and civil proceedings for the benefit of all of the Company's shareholders." Xtreme will update shareholders regarding any future legal proceedings the Company may undertake to protect its copyrighted and trademarked common stock. About Extreme Motorsports of California, Inc. Extreme Motorsports of California, Inc., operating under the trade name "Xtreme Motorsports," is a manufacturer of custom and production-line sandrails, desert and dual sport racecars. Founded in 1983, Xtreme's sandcars have been sold to customers in England, the United Arab Emirates, Australia, South America and the US. For more information, visit the corporate web site www.xmssandcars.com. Forward-Looking Statements Certain statements in this release, and other written or oral statements made by the Company, including the use of the words "expect," "anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions, are "forward-looking statements" and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The Company assumes no obligation and does not intend to update these forward-looking statements and takes no obligation to update or correct information prepared by third parties that are not paid for by the Company. Contact: Investor Relations 661.310.7880 Email Contact News Provided by Acquire Media Corporation
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Posted by JimSC on :
Unfortunately the brokers don't have everyone switched yet....does look like it is getting ready though....
Posted by EverGreen on :
it depends when they started selling
(if the avg price is .003 should be completed but if it's lower probably still 100-200m to complete - 33m avg in past 50 days - usually is 1/3)
Posted by JimSC on :
quote:Originally posted by SherriT: Unfortunately the brokers don't have everyone switched yet....does look like it is getting ready though....
The broker will take your orders by phone even the system does not get updated yet. I think ETMO will outperform PDGT due to the rev improvement in the next few months -- a great gamble at this level.
Posted by alohar1 on :
i am soooo in. say goodby to this one. catch yall on the flip side
Posted by JimSC on :
Short squeeze at work?
Etrade offered 0.0015 for ETMO shares:
From Ihub -
**** Posted by: stealer6 In reply to: None Date:5/21/2007 11:05:09 PM Post #of 17891
i just raised hell with e-trade about not being able to trade today and they offered to liquidate my position at .0015 because of the inconvenience when I said the word lawsuit. I just about crapped my pants. but they said my whole position would have to be sold and i would not be able to use the funds for 5 days because of processing. I REFUSED.
this whole situation is making me feel like a paranoid schitz
Posted by SherriT on :
Goodbye is right - down a chunk from two days ago. May be one last take down before we run - thoughts?
Posted by JimSC on :
I like your idea, Sherri. One must notice that the volume is small. The MMs are taking advantage that many brokers have not changed the symbol yet, and many investors can not trade. Based on the projected rev for 2007 and the share structure, I believe that the pps of ETMO should be at least 2X of ETIM. It's a great gamble at this level. The MMs like to run stocks from the solid bottom. BTW we got a double bottom here and it's very solid.
Posted by JJMoneyman on :
Figured I'd give this one a gamble, I'm in.
Posted by TopRob on :
Could .0006 be the 52-week low? It seem to be rounding off now and could head up. I just loaded a million just in case.
I like this statement:
"As a result of promoting its corporate identity and protecting its intellectual property, the Company now has the right to limit the unauthorized sale of its shares of common stock. The overall strategy is designed to protect shareholders from purchasing shares from naked short sellers, which the Company believes may be counterfeit and violate copyright and trademark protection laws. The Company intends to pursue those who wrongfully "naked short sell" its common stock to the extent that the common stock of the Company is now part of its intellectual property portfolio."
Posted by SherriT on :
quote:Originally posted by TopRob: Could .0006 be the 52-week low? It seem to be rounding off now and could head up. I just loaded a million just in case.
I like this statement:
"As a result of promoting its corporate identity and protecting its intellectual property, the Company now has the right to limit the unauthorized sale of its shares of common stock. The overall strategy is designed to protect shareholders from purchasing shares from naked short sellers, which the Company believes may be counterfeit and violate copyright and trademark protection laws. The Company intends to pursue those who wrongfully "naked short sell" its common stock to the extent that the common stock of the Company is now part of its intellectual property portfolio."
Would be nice....I hate seeing the 52 week low in my account - LOL
Posted by MichaelAdamGreen on :
A NEW 52 week low! .0005
WTF iS gOiNg On!!!
Posted by JimSC on :
quote:Originally posted by MichaelAdamGreen: A NEW 52 week low! .0005
WTF iS gOiNg On!!!
One of the following two cases could have happened:
* Case 1: the company is dumnping shares - if the volume is unusally big; * Case 2: the MMs are taking advatage of the unbalance of supply/demand - today is the Friday before the long weekend and many traders/investors don't want to hold their positions, and dumped them on Market orders. This is a good opportunity to add your positions, as the MMs do. A big takedown is normally followed by an End-of-504 run.
I will add more if case 2 is the reason for the falling pps.
Posted by TopRob on :
JimSC, that .0005 trade was only 500k for $250, so I wouldn't think it would be dilution. Your Case 2 might be it or someone just needed some quick cash for the holiday. However it won't be available for 3 to 5 days.
Posted by SherriT on :
They are taking this thing down just as low as possible....that E-O-504 run should be coming sooner than later.
Posted by JJMoneyman on :
Somebody just dumped 10,000,000 shares for a new low. :-(
Posted by SherriT on :
Yeah, and we are already pounding the ask EOD before a holiday. I like it....
Posted by SherriT on :
Nice close at .0008 - maybe Tuesday we see some real "sho nuf" action Posted by Hitman on :
Hope so..\\\\\\\\\\\\\\\\\\\
Posted by TopRob on :
I feel a short squeeze coming. Then it might really shoot up.
Posted by retiredat49 on :
Extreme Motorsports of California, Inc. Completes Letter of Intent to Acquire Southern Offroad Vehicle Services May 29, 2007 9:00:00 AM
BAKERSFIELD, CA -- (MARKET WIRE) -- 05/29/07 -- Extreme Motorsports of California, Inc. (PINKSHEETS: ETMO) ("Xtreme" or the "Company") has entered into a letter of intent to acquire all of the capital stock of Southern Offroad Vehicle Services, LLC ("SOVS"), a company dedicated to providing financing for customers purchasing offroad vehicles. Through this acquisition, Xtreme will not only be able to offer its customers direct financing of sandcar purchases, but will also be the first sandcar manufacturer to offer leasing options, much like any traditional car dealer. Xtreme anticipates the acquisition will be closed no later than June 30, 2007.
In exchange for all of the capital stock of SOVS, Xtreme will pay $10,000 in cash and 15 million shares of Xtreme common stock. Of the 15 million shares of common stock, 10 million will be restricted shares of common stock and 5 million will be free-trading shares. The acquisition is subject only to customary due diligence procedures and legal review of the definitive closing documentation.
In the past, Xtreme required customer down payments at contract signing and final payment upon acceptance of the final vehicle, which required Xtreme to finance the 12-month or more build-out process through the operating cash flow of the company. Now, Xtreme will be able to achieve both greater throughput and profit margins by shifting its financing costs to the customer. SOVS has currently secured $14 million in financing for future customers of Xtreme, both for direct purchases and for leased vehicles. This will provide Xtreme with immediate funding for the build-out of custom sandcars for private customers and "spec" vehicles for its dealers.
"We're thrilled to be able to offer credit to our customers by acquiring SOVS. Now, within a matter of hours, customers will be able to complete a credit application, much like they would at a local car dealership, and receive approval to finance the purchase of our one-of-a-kind sandcars," stated Alan McCaa, President and CEO of Xtreme Motorsports. "Not only does this ease the financial burden for consumers, but it also allows Xtreme to build more cars by compressing our accounts receivable turnover ratio.
"Moreover, Xtreme's new financing division will allow our dealer network to purchase cars through our own finance company and 'floor' these models for retail sales. In effect, this gives our dealers the ability to carry a wide variety of vehicles without having to fund the entire inventory 'out of pocket,'" McCaa continued.
About Extreme Motorsports of California, Inc.
Extreme Motorsports of California, Inc., operating under the trade name "Xtreme Motorsports," is a manufacturer of custom and production-line sandrails, desert and dual sport racecars. Founded in 1983, Xtreme's sandcars have been sold to customers in England, the United Arab Emirates, Australia, South America and the US. For more information, visit the corporate web site www.xmssandcars.com.
Forward-Looking Statements
Certain statements in this release, and other written or oral statements made by the Company, including the use of the words "expect," "anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions, are "forward-looking statements" and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The Company assumes no obligation and does not intend to update these forward-looking statements and takes no obligation to update or correct information prepared by third parties that are not paid for by the Company.
Contact:
Investor Relations 661.310.7880 Email Contact
Posted by TopRob on :
Alright, good news, let's see some movement today.
Posted by JimSC on :
0.001 X 0.0011
Due to profit taking and MMs' control, ETMO will not move much in short term, but she will outshine PDGT in 6 weeks. It normally takes about 3 to 4 weeks to shake out the weak hands. This is a good time to build up your postions.
Posted by wallymac on :
I agree JimSC. I increased my position significantly at .0008 this morning. This should do well.
This was significant news. Having spent my career in the Automotive Retail Business, I know that financing is the major drawback. With the financing arm the profits and available cash on hand resulting from it will increase the value. I would also believe,IMVHO, that this is the precursor to some larger orders. Just my gut feeling that financing needs to be in place prior to accepting those orders.
Should be a nice payday here.
GLTA Wally
Posted by JimSC on :
ETMO's sale record is very impressive, last year they sold 45 cars, and the first Q of this year they sold 35 cars, an increase of 300% on per Q basis. When the new orders come in, the pps will have a strong uptrend. Watch it.
Posted by Happy Valley on :
Extreme Motorsports of California Receives Master Distributor Agreement for Extreme Security Vehicles, Provides Share Structure Update Thursday May 31, 2:11 pm ET
BAKERSFIELD, CA--(MARKET WIRE)--May 31, 2007 -- Extreme Motorsports of California, Inc. (Other OTC:ETMO.PK - News) ("Extreme" or the "Company") has signed a master distributor agreement with Made in USA Industries, Inc. ("MITUSA"). Extreme selected MITUSA to develop its government sales channel for extreme vehicles to be used in a variety of applications. The first such opportunity in development is an Extreme Security Vehicle ("ESV") for use in U.S. and foreign desert law enforcement, military and private security applications. Extreme has received a commitment for 400 or more of the ESVs pending receipt of a manufacturing work order from Made in USA later this summer. At a minimum, the contract is valued at $39 million to Extreme. ADVERTISEMENT
Made in USA Industries, Inc., a minority/woman-owned small business, was founded to raise awareness of American-made products through its "Made in USA Magazine." The magazine, which was distributed to 20,000 subscribers in its first issue in 2005, now has a current base of over 46,000 paid subscribers and is dedicated to educating consumers on the impact of American-made goods on our national economy, providing brand analysis and evaluation to assist consumers with their purchasing decisions, and featuring products that support U.S. manufacturers and U.S. jobs. Recently, Made in USA expanded operations to target select opportunities its management has developed through its expansive business network, including the ESV project with Extreme.
"We made the decision to work with Extreme to develop its government sales channel based on a number of factors, not the least of which is the fact that the company has been building sandcars in the U.S. for the last 24 years, supporting the principles of entrepreneurship, a cornerstone of our national economy," commented Julie Reiser, Founder of Made in USA Industries. "First and foremost, however, is the fact that Extreme manufacturers the most rugged and technologically advanced sandcars in the industry, which are key factors for the extreme environments in which we anticipate the ESVs will operate and important work their users, both law enforcement and military, will perform."
The proposed ESV model is based on Extreme's Dune Racer frame and chassis, and is available both in four- and two-seat configurations, with a 5.7L V8 engine generating up to 400 horsepower, a "street-legal" accessory package, law enforcement LED lights and sirens, and a fully integrated global positioning system. The vehicles will be capable reaching speeds in excess of 140 mph. Detailed specifications for the EEV are provided below.
"We're looking forward to working with Made in USA and its customers to manufacture what will be the most advanced and robust security vehicles for desert applications ever built," stated Alan McCaa, President and CEO of Extreme Motorsports. "Conforming to military specifications, the ESV will expand our reach beyond recreational users to provide security forces with a new weapon in the defense of public and private assets."
In addition to the agreement with Made in USA Industries, Extreme today provided an update to its share structure as of May 31, 2007. The current share structure is as follows:
-- Common Stock -- Restricted: 10,685,069 -- Free-trade Certificated: 498,631,207 -- Free-trade Electronic or "Street Name": 913,109,515 -- Total Issued and Outstanding: 1,422,425,791 -- Preferred Stock -- Total Issued and Outstanding: 5,000,000 Commenting on the updated share structure, Mr. McCaa stated:
"The increase in the number of outstanding shares of the Company was to compensate service providers, sales agents, consultants and our legal team over the last several months. We anticipated paying most of these professional fees in cash, but many of the individuals asked to receive shares to have some 'skin in the game' and benefit in the future from the increased shareholder value they are bringing to the table.
Today's announcement is one such example, where individuals who are making introductions to contract awards that management believes can significantly increase our revenues have requested stock-based compensation in lieu of cash.
As stated in our previous release, we were able to acquire Southern Offroad Vehicle Services for both cash and stock. The legal and due diligence fees associated with this acquisition, although not significant, were also paid with shares.
Finally, the legal fees incurred for our extensive branding, copyright and intellectual property protection problem to combat the naked short selling problem were also paid with shares.
While we realize the increase in our issued and outstanding shares is significant, and a departure from our previous plan to secure the cancellation of certain blocks of outstanding shares, management believes the issuance of this stock is the best interests of the Company to provide a solid foundation for growth of our revenues, as well as to address certain shareholder concerns related to naked short selling.
Within the next few days, we will also provide a status update regarding the previously announced dividends, which the Company is currently working to finalize through its attorneys, transfer agent and DTC."
Extreme Security Vehicle 2008 Model Specifications
2008 Dune Racer 4130 Chromoly Chassis Upper & Lower 4130 Chromoly A Arms - Powdercoated 4130 Combo spindle assemblies - Powdercoated 4130 Chromoly Trailing Arms - Powdercoated HOWE 2.5" Power Rack & Pinion Swedged CNC tie rods w/ 4130 Rod Ends Steering Assembly, joints & shaft carrier Grant steering wheel with quick disconnect Xtreme 930 Microstub assemblies with disk brakes & 4 piston calipers Front disk brakes with 2 piston racing calipers 930 high angle drive axles 2.5" Front Xtreme coil over shocks with externally adjustable bypass control 3" rear Xtreme coil over shocks with externally adjustable bypass control Solid aluminum floor with sprayliner finish CNC pedal assembly steel braided brake & clutch lines dual odyssey batteries with boxes and solenoid 35 gallon custom fuel cell with fuel sender HD aluminum wheels with front & rear beadlocks 33" Dirt Tire Package (includes spare tire & wheel) Four (4) extra wide suspension seats with stationary headrest (includes seat packets) Driver & Co-pilot seat slider brackets Four (4) 3" 5 point safety belts with shoulder padding Two (2) ACRO HID lights and LED brake/tail/running lights Roof Rack with four HID lights, spare tire carrier & fuel/water canister carrier Fiberglass body (includes front enclosure, dash, hood, windshield, firewalls, side panels, roof) Street legal package (includes parking lock brake, front & rear turn signals, license plate holder & light, Horn & windshield wiper Powdercoated chassis, suspension & springs CBM 5.7L V8 with fuel injection & Xtreme Air Filters (Approx. 400HP) Semi Automatic H Pattern 4 or 5 Speed Transmission with Trans Cooler, Reservoir & Shifter Passenger grab handles and side steps Digital gauges system LED dome lights Passenger footrest with built in ice chest holder Rear & side view mirrors PCI radio system with four headsets Lowrance 8.4" Color GPS Dual Fresh Air Systems Top Mount Police/ Security LED Light bar with Siren Package Fire Extinguisher, First Aid Kit, Arm Restraints Lexan divider between front & rear passengers for detainee restraint ASK ABOUT OUR COMPLETE LINE OF SECURITY OPTIONS Infrared Lighting Options, Garmin GPS, Mobile Laptop Communication Systems, Diesel Engines & more available About Extreme Motorsports of California, Inc.
Extreme Motorsports of California, Inc., operating under the trade name "Xtreme Motorsports," is a manufacturer of custom and production-line sandrails, desert and dual sport racecars. Founded in 1983, Xtreme's sandcars have been sold to customers in England, the United Arab Emirates, Australia, South America and the U.S. For more information, visit the corporate web site www.xmssandcars.com.
About Made in USA Industries, Inc.
Made in USA Industries, Inc. is an outsourced sales and business development company dedicated to the promotion of American-made products. Founded in 2005, Made in USA is also the publisher of Made in USA Magazine, the American consumers' one-stop source for products manufactured in the United States of America. Each issue covers a wide variety of products which meet the Federal Trade Commission's Made in USA criteria. Readers will learn about products manufactured in the United States, both by American- and foreign-owned corporations.
Forward-Looking Statements
Certain statements in this release, and other written or oral statements made by the Company, including the use of the words "expect," "anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions, are "forward-looking statements" and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The Company assumes no obligation and does not intend to update these forward-looking statements and takes no obligation to update or correct information prepared by third parties that are not paid for by the Company.
Contact: Contact:
Investor Relations 661.310.7880 Email Contact
-------------------------------------------------------------------------------- Source: Extreme Motorsports of California, Inc.
Posted by SherriT on :
Not too shabby - I just don't have enough money to go around right now! Posted by JimSC on :
10K will be out soon.
*** From Ihub:
Posted by: vlftraders In reply to: None Date:5/31/2007 3:33:46 PM Post #of 19539
Throw a 10K at us, and we'll move even more. EM
**** Posted by: hotdog1012 In reply to: vlftraders who wrote msg# 19449 Date:5/31/2007 3:40:49 PM Post #of 19541
vlf...you know how my confidence was shaken earlier on this company. But I have to tell you that that PR just put a spark back.
While I am not happy with the increase in OS, I have added today and I haven't sold one share from earlier. I'm still holding long.
It may be that I just have to turn off the ETMO ticker for awhile, but there is no reason this can't be a .25 to .50 stock.
It's taking allot of beating down, from multiple sources, but once multiple contracts are signed, once there is 2 or 3 quarters of proven ever increasing revenue crossing the books, then this will definately become a life changer for those who hold long through all the thunder and lightning.
I'm holding....see you on the other side...
P.S. Thank you, VLF! You have been a steady voice of reason to keep us going.
--------------------------------------------------------------------------------
Posted by TopRob on :
Dipped to .0005, but could explode anytime now. With the $39 million contract, it's just a matter of time.
Posted by TopRob on :
Talk on IHub is that MM are keeping ETMO low to load up for a big run that's coming soon.
Maybe a little dilution, but the way this thing has been dropping it has to be a lot of shorting going on. So pretty soon there's going to be a short squeeze and a run to the moon.
-- Total Issued and Outstanding: 1,422,425,791
Posted by EverGreen on :
read correct # on above!
Posted by JimSC on :
I checked the daily volume, dilution is not a problem. The situation is the same as RSDS and SMAS -- the MMs need more shares to run a stock. We need to wait and give the MMs more time.
Posted by TopRob on :
quote:Originally posted by EverGreen: read correct # on above!
Correction made, thanks
Posted by EverGreen on :
you're welcome LOL
- unfortunately these pink co. rarely keep us informed
sure dilution is not done
Posted by onecentlotto on :
News. buy back, cant copy and paste
Posted by TopRob on :
Yep, best good news in a while. Better than the $39M contract. This will reverse the low pps cause by dilution. -------------------------------------
Extreme Motorsports of California, Inc. Initiates Stock Repurchase Program, Prepares to Close Out 504 Offering Thursday June 7, 9:52 am ET
BAKERSFIELD, CA--(MARKET WIRE)--Jun 7, 2007 -- Extreme Motorsports of California, Inc. (Other OTC:ETMO.PK - News) ("Extreme" or the "Company") has initiated a stock buyback program contributing up to 2% of profits on a quarterly basis to purchase free trade shares in the open market. The repurchased shares will be cancelled and retired, resulting in a reduction of the total issued and outstanding shares of the Company, and not retained as treasury stock. The Company has not placed a cap on the aggregate value of shares to be repurchased and intends to continue the program for the foreseeable future until such time as management and the board of directors determines the number of issued and outstanding shares have been sufficiently reduced.
"We believe the quoted price per share of Extreme's common stock is not an accurate metric of our value, as the recent announcement of a new distributor and contract shows," commented Alan McCaa, President and CEO of Extreme Motorsports. "Our profit margins on these and other future projects are sufficient to both fund the buyback program and our strategic growth plans, such as expansion of our manufacturing facility and the hiring, training and retention of key staff to ensure the quality standards customers have come to expect from Extreme."
In addition to the stock buyback, Extreme is preparing the necessary SEC and state filings to close out its sale of securities to accredited investors that were exempt from registration under Rule 504 of Regulation D under the Securities Act of 1933. To date, the Company has sold approximately $450,000 of its securities under Rule 504.
"We have sold a limited number of securities under our 504 offering since February (of 2007)," McCaa commented. "We now have cash flow from operations that will sustain our business and growth plans for the short and long term. It's also clear that any substantial fundraising conducted at the present time would be prohibitively dilutive, and counteractive to our stock buyback program."
In addition to the above announcements, the Company has also received an additional 47 million shares under its previously announced share cancellation program that have been retired, representing a reduction in the current "public float" of approximately 5%.
About Extreme Motorsports of California, Inc.
Extreme Motorsports of California, Inc., operating under the trade name "Xtreme Motorsports," is a manufacturer of custom and production-line sandrails, desert and dual sport racecars. Founded in 1983, Extreme's sandcars have been sold to customers in England, the United Arab Emirates, Australia, South America and the US. For more information, visit the corporate web site www.xmssandcars.com. Posted by Lockman on :
Time & Sales Price Size Exch Time 0.0007 1000000 OTO 11:22:34 0.0007 1000000 OTO 11:22:34 0.0007 199999 OTO 11:19:26 0.0007 800000 OTO 11:19:26 0.0007 500000 OTO 11:14:25 0.0007 350000 OTO 11:11:35 0.0007 2000000 OTO 11:11:18 0.0007 2000000 OTO 11:11:17 0.0007 5000000 OTO 11:11:13 0.0007 850000 OTO 11:09:59 0.0007 1000000 OTO 11:09:59 0.0007 714285 OTO 11:05:27 0.0007 2000000 OTO 11:05:27 0.0007 3000000 OTO 11:05:27 0.0007 100000 OTO 11:03:01 0.0007 500000 OTO 11:00:27 0.0007 500000 OTO 11:00:27 0.0007 163333 OTO 10
Posted by TopRob on :
With over 400M shares traded and good news out, this thing should be up in the .001x range. I wonder if they may be diluting. I don't think anyone would be dumping at these low levels.
.0005 x .0006
Posted by EverGreen on :
is not unusual to see a dump when a PR says buyback (not logic but ...)
Posted by JimSC on :
Could be, but I doubt the ceo will sell at this pps. *** Posted by: vlftraders In reply to: vlftraders who wrote msg# 22012 Date:6/7/2007 2:47:26 PM Post #of 22102
RePost from VLF.........
Several Great Timing things about...
to take place...
Selling will stop soon, especially with this kind of Volume.
504 Closing with Stop soon to be announced...
Alan has another $10-12M in deals in the works which will be announced in the next week or two IMO...
Friday June 8th, for those partial to the 13 Day scenario.
Covering and a Short Run, although small is approaching...
Divvy News anytime Now...
Needles to say, alot to look forward to this week into next...
Timing IS Everything........
VLF
Posted by Homersbud on :
Holding up nicely. Selling appears to over!
0008x0009 1x5 last trade, 5m at 0009.
Posted by Homersbud on :
0009's falling!
0008x0009 7x3!
Posted by TopRob on :
This baby's going no where but up, up, up. Now printing: .0009 x .001 --------------------------------------------
Extreme Motorsports of California, Inc. (ETMO) SqueezeTrigger Price is $0.0037. Approximately 279.9 Million Shares Shorted Since September 2006 According to ********** Research Report Monday June 11, 1:47 pm ET
BAKERSFIELD, CA--(MARKET WIRE)--Jun 11, 2007 -- Extreme Motorsports of California, Inc. (Other OTC:ETMO.PK - News) announced today that **********, www.**********, 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. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.**********.
Month Total Vol. Short Vol. Avg. Price Short $ Value ------------ ------------ ------------ ------------ ------------
September '06 871,728 67,123 $0.4300 $28,863 October 384,492 29,606 $0.1800 $5,329 November 2,586,923 199,193 $0.1200 $23,903 December 9,070,365 698,418 $0.0535 $37,365 January '07 28,699,086 2,209,830 $0.0102 $22,540 February 356,084,960 27,418,542 $0.0143 $392,085 March 771,139,328 59,377,728 $0.0046 $273,138 April 602,870,912 46,421,060 $0.0020 $92,842 May 1,056,046,208 81,315,558 $0.0012 $97,579 June 807,376,512 62,167,991 $0.0008 $49,734
* short volume is approximated using a proprietary algorithm. ** average short price is calculated using a volume weighted average short price. *** short volume is the total short trade volume and does not account for covers. About Extreme Motorsports of California, Inc.
Extreme Motorsports of California, Inc. operating under the trade name "Xtreme Motorsports," is a manufacturer of custom and production-line sandrails, desert and dual sport racecars. Founded in 1983, Extreme's sandcars have been sold to customers in England, the United Arab Emirates, Australia, South America and the US. For more information, visit the corporate web site www.xmssandcars.com. Posted by Homersbud on :
Weeeeeeeeeeee! 001's up!
0009x001 2x6 watch for the shake!
Posted by Homersbud on :
0009 close! I'll take it!
Posted by TopRob on :
It's going to run big time tomorrow. Short squeeze is now on. May run into the .002x's this week.
Posted by PCola77 on :
Buy ins is full of it. Their "proprietary algorithm" has been repeatedly proven to be false. Besides, any big institutional short would laugh at the prospect of buying back less than $50K worth of stock on a "short squeeze". That's barely a "short sensual massage".
Posted by TopRob on :
Trying to load up cheap again PCola? We'll see how it goes in the next few days.
Posted by JimSC on :
It's purely up to the MMs - if they decide to cash in, nobody can stop it. We might just join them now.
Posted by PCola77 on :
Rob, I don't like to get personal, but geez man, have you ever bought a winning stock? Seems like every thread you are on is one where you're telling people to just hold a little longer and it's sure to come back. Maybe I'll start calling you Samsonite, I think you have more bags than they do.
quote:Originally posted by TopRob: Trying to load up cheap again PCola? We'll see how it goes in the next few days.
Posted by TopRob on :
PCola, if all these are worthless bags, then why are you wasting your time trying to save everyone. If you have winning g picks, then shouldn't they be your main concern.
Posted by PCola77 on :
You may fully believe that I am "wasting my time", but I know for a fact that you are incorrect. Plenty of people have expressed gratitude for posting a contrary opinion that, if nothing else, gave them pause before entering into a stock on hype that would have lost them significant amounts of money.
I know it hurts you to hear, as you want everyone to buy into your bags to get the prices up, but there are some people out there that actually want others to do well, as opposed to wanting them to save you from your mistakes.
No, as long as I can still get a single person to think more thoroughly before they jump into one of these POS's, I'm not wasting my time, only yours, because you have to try to come up with some BS reply to try to make me look bad. Problem is, most people see right through you.
Posted by dollar13 on :
ETMO IS A POS TOO
I THOUGHT THAT IT WAS OK WITH MY INVESTMENTS LMAO Posted by Homersbud on :
Weeeeeeeeeeeee, buy ins is crap, but it appears the selling has dried up! This is for sure a POS considering how it ran from 005 - 045 and now it's at 0009, but with the seller gone (hopefully for awhile) we'll see a nice little run up!
RSDS was a POS and people were down talking that, but in all fairness, it ran over 100%! Just make your money, get out, and don't look back!
Looking forward to the upcoming days!
Posted by TopRob on :
PCola, you know just as well as I that most penny stocks are loosers. So you can bash stocks all day long and get about 90% correct because maybe 1 out of 10 will run then fall or maybe 1 out of 100 will actually do well. Everyone is here to take a chance on making a few bucks. So if you really want to impress people, tell everyone that 1 out of ten that will do well.
I'm not looking for that 1 out of 100 to do well long term, I just want that 1 out of 10 to run, then it can go back to the POS it was before.
Posted by dollar13 on :
LATELY A LOT OF THE PINKS ARE GETTING F....K EVEN THE OTCBB STOCKS
BAD TIME OF THE YEAR I GUESS IMO. Posted by dollar13 on :
IN OTHER WORDS BASHERS SEASON IS ON
WEEEEEEEEEEEEEEEE
Posted by Homersbud on :
quote:Originally posted by dollar13: IN OTHER WORDS BASHERS SEASON IS ON
WEEEEEEEEEEEEEEEE
Weeeeeeeeeeeeeeeeeeeeeeee!
Posted by TopRob on :
Yeah, you know when the bashers join the party, something big is cooking.
Closing Bid/Ask .0008 x .001
ETMO to the moon!!
Posted by PCola77 on :
OKay, deal. Next time I see one I want to get in I'll let you know. Just realize I don't take this very lightly, and have probably made no more than a dozen trades this year, so you may be waiting a while. But yeah, I have confidence that I can pick the winners as well as I steer clear of the losers.
quote:Originally posted by TopRob: PCola, you know just as well as I that most penny stocks are loosers. So you can bash stocks all day long and get about 90% correct because maybe 1 out of 10 will run then fall or maybe 1 out of 100 will actually do well. Everyone is here to take a chance on making a few bucks. So if you really want to impress people, tell everyone that 1 out of ten that will do well.
I'm not looking for that 1 out of 100 to do well long term, I just want that 1 out of 10 to run, then it can go back to the POS it was before.
Posted by Homersbud on :
Weeeeeeeeeee, we hit 001 and the dumping begins!
0007x0008 4x6!
Posted by TopRob on :
Most likely MM trying to stop the run long enough to load up.
Posted by Homersbud on :
0008x0009 4x4
Posted by JimSC on :
quote:Originally posted by TopRob: Most likely MM trying to stop the run long enough to load up.
You got it right, TR. A few more days of consolidation may be needed, as the MMs need more shares to make a run. But the trend is up, and the chart looks good.
Posted by Homersbud on :
POS Posted by TopRob on :
Lots of volume for the final minutes. Dumping or diluting, cause it's not moving up.
.0007 x .0008
Posted by JimSC on :
Many trades of 3 M or larger are among the MMs to cause a panics for weak hands. They intended to make an impression of dumping. This is the last chance they can shake out the shares at the bottom. Just hold your shares tightly.
Posted by dollar13 on :
quote:Originally posted by Homersbud: POS
I AGREE
Posted by dollar13 on :
I DON'T EVEN HAVE ALL THE CHART INDICATORS ON THIS ONE YET.
GL WITH THIS POS
Posted by JimSC on :
quote:Originally posted by Homersbud: POS
Agree, but the MMs can make a POS run - if they have collected enough shares at bottom. Please sell all your shares of this POS at bottom, so they can make the run sooner. Again, this POS is for gamble only.
Posted by TopRob on :
Huge buys coming in at .0008, one 8M. It might be getting ready to move.
.0007 x .0008
Posted by TopRob on :
Alan McCaa, CEO and President of Extreme Motorsports of California, Inc., is the Featured Guest in an Audio Interview at SmallCapVoice.com Thursday June 14, 10:52 am ET
AUSTIN, Texas--(BUSINESS WIRE)--SmallCapVoice.com, Inc. today announced that a new audio interview featuring, Alan McCaa, CEO and President of Extreme Motorsports of California, Inc., (Other OTC:ETMO - News), is now available at SmallCapVoice.com. Mr. McCaa provides his personal insight into the Company's growth over the past few years, as well as the Company's sales growth in 2007. The interview can be heard here at http://smallcapvoice.com/etmo/etmo-6-13-07.html
SmallCapVoice.com is a recognized corporate consulting firm, with clients nationwide, known for its ability to help emerging growth companies build a following among retail and institutional investors. To learn more about SmallCapVoice.com and their services, please visit http://www.smallcapvoice.com/services.html.
About Extreme Motorsports of California, Inc.
Extreme Motorsports of California, Inc., operating under the trade name "Xtreme Motorsports," is a manufacturer of custom and production-line sandrails, desert and dual sport racecars. Founded in 1983, Extreme's sandcars have been sold to customers in England, the United Arab Emirates, Australia, South America and the US. For more information, visit the corporate web site www.xmssandcars.com. Posted by swan97 on :
Good interview, seems ligit. I believe they're heading in the right direction. Could be a good buy...
Posted by beechwood on :
Wow, I found this thread buried on the 4th page. The boiler room boyz did well on this one...lol! Glad I didn't jump in when they were pumping this at .001 & .002 Never buy into all the noise & hype in here. Wait for the dip and then pull the trigger. Now at an attractive .0006 or so. Another point or two lower and I'm in. Thanks for the hype boyz. An easy read indeed...lol
Posted by TopRob on :
ETMO continues plan to move to the OTC Bulletin Board. -------------------------------
Extreme Motorsports Closes 504 Offering, Prepares to Complete Audit of Financial Statements and Move to Over-the-Counter Bulletin Board Wednesday June 27, 9:30 am ET
BAKERSFIELD, CA--(MARKET WIRE)--Jun 27, 2007 -- Extreme Motorsports of California, Inc. (Other OTC:ETMO.PK - News) ("Extreme" or the "Company") has closed out its sale of securities to accredited investors that were exempt from registration under Rule 504 of Regulation D under the Securities Act of 1933. As previously announced, the Company has sold approximately $450,000 of its securities under Rule 504. In addition, Extreme is in the process of completing an audit of its first fiscal year since becoming a publicly traded company.
As Xtreme has implemented streamlined ordering and delivery, professionalized its engineering and manufacturing, and grown into new markets and customer segments, the Company has also made efforts to provide to shareholders greater transparency regarding its financial results. Currently, the Company's certified public accountants are making preparations to close out and audit the fiscal year ended March 31, 2007. Once completed, the Company will post the financial statements on the financial reporting system on the Pink Sheets web site for shareholders to download. Extreme's management will comment in greater detail once the financial results for the year are available.
"2006 was an important year in Xtreme's 24-year history," commented Alan McCaa, President & CEO of Xtreme Motorsports. "Not only have we taken the company public and established ourselves as the world's only publicly traded sandcar manufacturer, we've built a new assembly facility, developed new tooling, and revamped our back-office systems. We've also rolled out two new sandcar models, the Sandmaster and the Sportster MT, and have a significant, multi-million dollar project to complete throughout the remainder of the year. Taken together, all of these factors have contributed to greater buying power and commensurate increases in profit-per-car and decreases in delivery times for essential raw materials and parts.
"As far as our plans to move to a higher level trading platform are concerned, upon completion of our 2006 audit process we intend to file a Form 10 Registration Statement with the SEC to become a Reporting company and file applications with NASD to begin trading on the OTC Bulletin Board. We believe the increased visibility of the OTCBB will be beneficial to our shareholders by driving additional coverage of our stock in new markets and with new investors.
"We continue to receive positive feedback from customers and shareholders alike, across nine countries at last count, and look forward to delivering greater shareholder value in the coming years," continued McCaa.
About Xtreme Motorsports of California, Inc.
Xtreme Motorsports is a manufacturer of custom and production line sandrails, desert and dual sport racecars. Founded in 1983, Xtreme's sandcars have been sold to customers in England, the United Arab Emirates, Australia, South America and the US. For more information, visit the corporate web site www.xmssandcars.com. Posted by kt325ci on :
.0007 x .0008
The closing of the 504 offering is bringing in a lot of volume. 92 million traded so far.
Posted by JimSC on :
Thanks for the great news.
Posted by tmanfromtexas on :
News on acquistion and financing availability for their customers. Looks like they are tring to get it together. TMAN...
Extreme Motorsports of California, Inc. Completes Acquisition of Southern Offroad Vehicle Services Wednesday June 27, 2:00 pm ET
BAKERSFIELD, CA--(MARKET WIRE)--Jun 27, 2007 -- Extreme Motorsports of California, Inc. (Other OTC:ETMO.PK - News) ("Extreme" or the "Company"), has completed the acquisition of Southern Offroad Vehicle Services, LLC ("SOVS"), a company dedicated to providing financing for customers purchasing off-road vehicles. Through this acquisition, Extreme will not only be able to offer its customers direct financing of sandcar purchases, but will also be the first sandcar manufacturer to offer leasing options, much like any traditional car dealer. ADVERTISEMENT
As previously announced, in exchange for all of the capital stock of SOVS, Extreme has paid $10,000 in cash and 15 million shares of Extreme common stock. Of the 15 million share of common stock, 10 million will be restricted shares of common stock and 5 million will be free-trading shares.
In the past, Extreme required customer down-payments at contract signing and final payment upon acceptance of the final vehicle, which required Extreme to finance the 12-month or more build-out process through the operating cash flow of the company. Now, Extreme will be able to achieve both greater throughput and profit margins by shifting its financing costs to the customer. SOVS has currently secured $14 million in financing for future customers of Extreme, both for direct purchases and for leased vehicles. This will provide Extreme with immediate funding for the build-out of custom sandcars for private customers and "spec" vehicles for its dealers.
"The acquisition of SOVS provides Extreme with the capability to deliver direct financing to our customers at rates comparable to dealers of standard over-the-road vehicles," commented Alan McCaa, President and CEO of Extreme Motorsports. "Through this acquisition, we provide what no other sandcar manufacturer in the world is able to claim: in-house financing to all customers. This not only ensures consistent operating cash flows to Extreme, but incentivizes buyers who might otherwise defer a purchase to a later date to complete a purchase immediately through consumer financing."
About Extreme Motorsports of California, Inc.
Extreme Motorsports of California, Inc., operating under the trade name "Xtreme Motorsports," is a manufacturer of custom and production-line sandrails, desert and dual sport racecars. Founded in 1983, Extreme's sandcars have been sold to customers in England, the United Arab Emirates, Australia, South America and the US. For more information, visit the corporate web site www.xmssandcars.com.
Forward-Looking Statements
Certain statements in this release, and other written or oral statements made by the Company, including the use of the words "expect," "anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions, are "forward-looking statements" and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The Company assumes no obligation and does not intend to update these forward-looking statements and takes no obligation to update or correct information prepared by third parties that are not paid for by the Company.
Contact: Contact:
Investor Relations 661.310.7880 Email Contact
-------------------------------------------------------------------------------- Source: Extreme Motorsports of California, Inc.
Posted by JimSC on :
I like the way the ceo announced the end of 504 dilution. It will build up the confidence level of the investors.
Posted by TopRob on :
You might be right. Huge volume today 223M on good news. Large trades near the close, so it should continue tomorrow. I'm hoping we break .001
Posted by alohar1 on :
**** we should be at a nickle
Posted by beechwood on :
I gotta laugh at all the boyz who were pumping this at .001 & .002 for the short sellers on the trading floor. Dropped like a brick as I expected. Glad I didn't bite. Now at .0005 it's well worth watching. Keep a close eye on this and watch for MM accumulation before jumping in.
Posted by TopRob on :
Total Issued and O/S: 1,477,425,791 -------------------------------------------
Extreme Motorsports of California Approves Final Cut of "World's Greatest!" TV Spot, Provides Share Structure Update Thursday July 5, 8:30 am ET
BAKERSFIELD, CA--(MARKET WIRE)--Jul 5, 2007 -- Extreme Motorsports of California, Inc. (Other OTC:ETMO.PK - News) ("Extreme" or the "Company"), has approved the final cut of its segment on the TV series, "World's Greatest!" The "World's Greatest!," a project of Crown Point Productions, is a series of 13 half-hour episodes presenting "some of the most amazing and unique companies, products, people and destinations the world has to offer" and is distributed to more than 100 million potential households through national cable outlets such as PAX, OLN, A&E and the Travel Channel. Extreme expects to announce the dates and channels on which the show will air by mid-July.
"Everyone at Extreme has viewed the show and we're excited for current and potential shareholders to see the level of quality of the sandcars we build every day, and the passion with which we do it. Shareholders will be offered a unique opportunity to see a variety of sandcar models ranging from our entry-level Dune Racer to fully loaded, custom-designed Desertmasters," commented Alan McCaa, President & CEO of Extreme Motorsports. "The producers, directors and crew from Crown Point did an amazing job and we couldn't be more pleased with the results.
"We've also been approached by a national production company interested in developing and shooting a pilot for a reality TV series about the Company and the people behind Extreme Motorsports. Although we do not yet have a go-ahead on the pilot, we're looking forward to continued discussions with the producers and the opportunities an 'Extreme TV' series would provide to the Company and its shareholders," McCaa continued.
Today, Extreme also provided an update to its share structure as of June 30, 2007. The current share structure is as follows:
-- Common Stock -- Restricted: 20,685,069 -- Free-trade Certificated: 543,631,207 -- Free-trade Electronic or "Street Name:": 913,109,515 -- Total Issued and Outstanding: 1,477,425,791 -- Preferred Stock -- Total Issued and Outstanding: 10,000,000 Commenting on the updated share structure, Mr. McCaa stated:
"The increase in the number of outstanding shares of common stock of the Company was to compensate Quality Stocks and an additional consultant to the Company for services provided during the month of June. In addition, the board of directors authorized an additional issuance of preferred stock to management to ensure non-dilutive control of the Company," stated Alan McCaa, President & CEO of Extreme. "The issued and outstanding shares of common stock as reported on Pink Sheets is incorrect and we are in the process of updating those numbers to reflect our current share structure."
About Extreme Motorsports of California, Inc.
Extreme Motorsports of California, Inc., operating under the trade name "Xtreme Motorsports," is a manufacturer of custom and production-line sandrails, desert and dual sport racecars. Founded in 1983, Xtreme's sandcars have been sold to customers in England, the United Arab Emirates, Australia, South America and the US. For more information, visit the corporate web site www.xmssandcars.com. Posted by TopRob on :
Extreme Motorsports of California Reports Unsolicited Email Campaign to SEC Friday July 6, 9:48 am ET
BAKERSFIELD, CA--(MARKET WIRE)--Jul 6, 2007 -- Extreme Motorsports of California, Inc. (Other OTC:ETMO.PK - News) ("Extreme" or the "Company") today verified that several SPAM emails have been sent to recipients purportedly offering information about Extreme Motorsports and its stock. Shareholders should be aware that the Company is not the source of any information distributed via bulk email. The Company releases information to shareholders on a timely basis, and there are currently no undisclosed material announcements, events or facts with regard to the Company.
Current and prospective shareholders should note that the only reliable sources of information about the Company are Extreme's website at www.xmssandcars.com or press releases distributed via the newswires.
The Company has reported the SPAM email campaign to the SEC.
Posted by TopRob on :
Extreme Motorsports' SOVS Division Launches National Financing Program Through GE Money Wednesday July 11, 8:30 am ET
Program Offers Small Business Retailers Branded Consumer Credit Cards
BAKERSFIELD, CA--(MARKET WIRE)--Jul 11, 2007 -- Extreme Motorsports of California, Inc. (Other OTC:ETMO.PK - News) ("Extreme" or the "Company") is pleased to announce that its Southern Off-Road Vehicle Services ("SOVS") division has launched a national campaign to provide consumer financing to a wide variety of retailers, including customers of Extreme, through GE Money, the consumer and small-business financial services unit of General Electric.
This unique program provides small businesses with the ability to offer branded charge cards to its customers at reasonable interest rates with credit standards fixed at levels to ensure an 80% approval rate. The financing is available to Extreme's current customers, with SOVS now processing applications for several small-business retail participants. Extreme anticipates signing 1,000 retailers through the remainder of 2007 and 10,000 through 2009. Extreme estimates potential revenue generated by retailer sign-ups of $3.5 million through the end of 2007.
SOVS selected GE Money as its partner given the financial services firm's reputation, its expansive base of more than 118 million customers and nearly unlimited capabilities in extending consumer credit. Currently, there is no limit to the financing GE Money will provide under this program.
Extreme had previously reported a maximum of $14 million in financing to its customers only, but has expanded the program to target one-of-a-kind retailers offering furniture, clothing, signage, and SCUBA equipment, among others, as part of the financing program roll-out.
"The development this program through GE Money, a globally-recognized financial services firm, allows Extreme to amalgamate its manufacturing, marketing and sales capabilities with effective consumer financing. Now, we're able to bridge the gap between a customer's access to capital and a company's cash management," commented Alan McCaa, President and CEO of Extreme Motorsports. "Securing the relationship with GE Money and launching the national campaign underscores Extreme's commitment to rapid growth and increasing shareholder value.
"For the participants in the program, not only does it offer competitive interest rate options for consumers, but it also provides retailers with the ability to more effectively manage cash and inventory as a result of the 48-hour funding of the full customer purchase. Anyone who has managed a small business can appreciate the impact a 48-hour receivable turnover has on the company's use of assets," McCaa continued.
For many businesses offering high dollar value products and services, there is often a difficult balance between offering credit to "ensure the sale" and risky credit policies that ultimately result in non-payment by customers who become over-extended. Through the SOVS program, businesses now have the ability to evaluate credit risk, as well as benefit from greater throughput and profit margins by shifting the financing costs of the product or service to the customer.
Posted by TopRob on :
ETMO (.0004) could run any day now and once it start, it's going to the moon. -----------------------------------------
Extreme Motorsports of California, Inc. (ETMO) SqueezeTrigger Price Is $0.0029 Wednesday July 11, 11:12 am ET
Approximately 382.2 Million Shares Shorted Since August 2005 According to B*****.NET Research Report
BAKERSFIELD, CA--(MARKET WIRE)--Jul 11, 2007 -- Extreme Motorsports of California, Inc. (Other OTC:ETMO.PK - News) ("Extreme" or the "Company") today announced that B*****.NET , www.**********, is reiterating coverage of Extreme Motorsports of California after releasing the latest short sale data to July 2007. From August 2005 to July 2007 approximately 5 billion total aggregate shares of ETMO have traded for a total dollar value of nearly $14.3 million. The total aggregate number of shares shorted in this time period is approximately 382.2 million shares. The ETMO SqueezeTrigger price of $0.0029 is the volume weighted average short price of all short selling in ETMO. The next short squeeze is expected to begin when shares of ETMO close above $.0008, where approximately 143 million shares have been shorted. To access SqueezeTrigger Prices ahead of potential short squeezes, visit http://www.**********.
Month Total Vol. Short Vol. Avg. Price Short $ Value ----- ---------- ---------- ---------- ------------- September '06 871,728 67,123 $0.4300 $28,863 October 384,492 29,606 $0.1800 $5,329 November 2,586,923 199,193 $0.1200 $23,903 December 9,070,365 698,418 $0.0535 $37,365 January '07 28,699,086 2,209,830 $0.0102 $22,540 February 356,084,960 27,418,542 $0.0143 $392,085 March 771,139,328 59,377,728 $0.0046 $273,138 April 602,870,912 46,421,060 $0.0020 $92,842 May 1,056,046,208 81,315,558 $0.0012 $97,579 June 1,867,230,592 143,776,756 $0.0008 $115,021 July 268,569,184 20,679,827 $0.0005 $10,340
*short volume is approximated using a proprietary algorithm. **average short price is calculated using a volume weighted average short price. ***short volume is the total short trade volume and does not account for covers.
About Extreme Motorsports of California, Inc.
Extreme Motorsports of California, Inc., operating under the trade name "Xtreme Motorsports," is a manufacturer of custom and production-line sandrails, desert and dual sport racecars. Founded in 1983, Extreme's sandcars have been sold to customers in England, the United Arab Emirates, Australia, South America and the US. For more information, visit the corporate website www.xmssandcars.com.
About B*****.NET
WWW.********** is a service designed to help bonafide shareholders of publicly traded US companies fight naked short selling. Naked short selling is the illegal act of short selling a stock when no affirmative determination has been made to locate shares of the stock to hypothecate in connection with the short sale. ********** has built a proprietary database that uses Threshold list feeds from NASDAQ, AMEX and NYSE to generate detailed and useful information to combat the naked short selling problem. For the first time, actual trade by trade data is available to the public that shows the attempted size, actual size, price and average value of short sales in stocks that have been shorted and naked shorted. This information is valuable in determining the precise point at which short sellers go out-of-the-money and start losing on their short and naked short trades.
Only one more MM at .0004 on the Ask. We might see .0005 tomorrow and an up turn.
Posted by TopRob on :
Someones playing around. They sold 100 shares at .0003 (3 cents) just to bring the pps down. Probably to trigger a sell off. Maybe good news is coming soon.
Posted by TopRob on :
No Dilution lately. Hopefully none in the future. ----------------------------------------
Extreme Motorsports Initiates Monthly Shareholder Newsletter, Releases Current Share Structure Wednesday August 1, 12:09 pm ET
BAKERSFIELD, CA--(MARKET WIRE)--Aug 1, 2007 -- Extreme Motorsports of California, Inc. (Other OTC:ETMO.PK - News) ("Extreme" or the "Company") has initiated distribution of a newsletter covering regular product and project development, frequently asked shareholder questions, dealership updates, customer profiles and off-road industry news. The Company intends to release the newsletter on a monthly basis, beginning August 31, 2007, and it will be distributed via email. To sign up for the newsletter, current shareholders are encouraged to send a request to xtremeinvestor*hotmail.com with "Newsletter" in the subject line to sign up. Once received, the Company will reply with a return email to be filled out and faxed back. Upon verification of the faxed request, the Company will add the individual to the list.
"We're pleased to be able to offer a monthly newsletter to our current shareholders as an additional source of information about Extreme and the sandcar industry. The newsletter will provide shareholders with additional insight into the developments of the Company that we simply are unable to convey in a press release format, such as photos and FAQs. Specifically, we hope to answer many of the recurring questions we receive via email from shareholders in a more centralized format," commented Alan McCaa, President & CEO of Extreme Motorsports.
In addition to the announcement of the newsletter, the Company is also providing a current share structure as of July 31, 2007, which is the same as the share structure of June 30, 2007:
-- Common Stock - Restricted: 20,685,069 - Free-trade Certificated: 543,631,207 - Free-trade Electronic or "Street Name": 913,109,515 - Total Issued and Outstanding: 1,477,425,791 -- Preferred Stock - Total Issued and Outstanding: 10,000,000
About Extreme Motorsports of California, Inc.
Extreme Motorsports of California, Inc., operating under the trade name "Xtreme Motorsports," is a manufacturer of custom and production-line sandrails, desert and dual sport racecars. Founded in 1983, Xtreme's sandcars have been sold to customers in England, the United Arab Emirates, Australia, South America and the US. For more information, visit the corporate web site www.xmssandcars.com. Posted by TopRob on :
Short squeezes expected when closes above $.0003. If this is true, we could see a run tomorrow since we are now at .0003 --------------------------------
Extreme Motorsports of California, Inc. (ETMO) SqueezeTrigger Price Is $0.0027; Approximately 410.6 Million Shares Shorted Since September 2006 According to Buy_ins.net Research Report Wednesday August 15, 1:48 pm ET
BAKERSFIELD, CA--(MARKET WIRE)--Aug 15, 2007 -- Extreme Motorsports of California, Inc. (Other OTC:ETMO.PK - News) announced today that BUY_INS.NET, www.**********, is reiterating coverage of Extreme Motorsports of California after releasing the latest short sale data to August 2007. From September 2006 to August 2007 approximately 5.3 billion total aggregate shares of ETMO have traded for a total dollar value of nearly $14.4 million. The total aggregate number of shares shorted in this time period is approximately 410.6 million shares. The ETMO SqueezeTrigger price of $0.0027 is the volume weighted average short price of all short selling in ETMO. The first of several short squeezes is expected to begin when ETMO closes above $.0003, where over 12 million shares have been shorted. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.**********.
Month Total Vol. Short Vol. Avg. Price Short $ Value
September '06 871,728 67,123 $0.4300 $ 28,863 October 384,492 29,606 $0.1800 $ 5,329 November 2,586,923 199,193 $0.1200 $ 23,903 December 9,070,365 698,418 $0.0535 $ 37,365 January '07 28,699,086 2,209,830 $0.0102 $ 22,540 February 356,084,960 27,418,542 $0.0143 $ 392,085 March 771,139,328 59,377,728 $0.0046 $ 273,138 April 602,870,912 46,421,060 $0.0020 $ 92,842 May 1,056,046,208 81,315,558 $0.0012 $ 97,579 June 1,867,230,592 143,776,756 $0.0008 $ 115,021 July 476,675,680 36,704,027 $0.0005 $ 18,352 August 160,415,808 12,352,017 $0.0003 $ 3,706
*short volume is approximated using a proprietary algorithm. **average short price is calculated using a volume weighted average short price. ***short volume is the total short trade volume and does not account for covers.
Posted by TopRob on :
Structural Engineering Nears Completion for New 2008 Off-Road Vehicle Models by Extreme Motorsports Thursday August 30, 9:15 am ET Extreme Now Accepting Requests for Live Demonstration of 2008 Extreme Security Vehicle Models
BAKERSFIELD, Calif.--(BUSINESS WIRE)--Extreme Motorsports of California, Inc. (OTC: ETMO - News; "Extreme" or the "Company") is nearing completion of the structural engineering and design of its 2008 model year off-road vehicles, including its Sandmaster, Dune Racer, Sportster, and the Extreme Security Vehicle. As part of this design process, Extreme has combined its Sandmaster and Desertmaster line and discontinued its MD Sandcar.
The design process employed by Extreme for its 2008 models is the most technologically advanced in the off-road vehicle industry. Extreme invested in full structural engineering, including scenario analysis to ensure a higher quality off-road vehicle. The analysis evaluated the performance of interconnected components in a variety of applications and evaluated factors such as force, stress, vertical and horizontal load, aerodynamics, weight ratios and distribution, chassis width, and track width. Overall, the engineering will allow for standardized part design and manufacturing, resulting in lower cost of parts and labor and a commensurate increase in product margins.
In completing the new engineering process, representing thousands of man-hours, Extreme started with its most technologically advanced vehicle, the Extreme Security Vehicle, which has been re-envisioned in the 2008 model. Prototype parts, including the chassis, suspension and shocks did not meet the rigorous requirements of off-road security applications. For example, the 2008 suspension design for the ESV is no longer built with tubular chrome moly components, which failed in initial testing under certain circumstances. Rather, the suspension components are laser-cut from 1/8th in. chrome moly plates, providing twice the breaking strength while adding only 2 lbs. total weight.
To support the roll-out of the 2008 ESV, Extreme is now accepting appointments from local, state and federal agencies and private companies for the first quarter of 2008 to provide live demonstrations of the ESV in real-world field situations. The Company is asking any interested parties to write:
Extreme Motorsports of California, Inc. Attn: ESV Demonstrations 307 Yampa Street Bakersfield, CA 93307
Please include a description of your application for a vehicle of this type, a return mailing address, and specific point-of-contact information to allow the Company to reply with scheduling information. The Company will arrange travel routes accordingly on a regional or national basis, and will provide detailed specifications, including alternative fuel engine conformations, at the time of scheduling. Federal and State agencies will receive precedence. There is no purchase commitment required to schedule an on-site demonstration.
"We strongly believe that there is nothing like our ESV on the market today and look forward to demonstrating all of its capabilities, from maneuverability to armoring and technology systems, to all interested agencies and private security companies," commented Alan McCaa, President & CEO of Extreme Motorsports. "We know of no better way to market this vehicle than to afford its future users a hands-on, real-world test in the environments in which they operate."
About Extreme Motorsports of California, Inc.
Extreme Motorsports of California, Inc., operating under the trade name "Xtreme Motorsports," is a manufacturer of custom and production-line sandrails, desert and dual sport racecars. Founded in 1983, Xtreme has sold its sandcars to customers in England, the United Arab Emirates, Australia, South America and the US. For more information, visit the corporate web site www.xmssandcars.com. Posted by TopRob on :
Tomorrow should be interesting. A/S to 100B, but restricted for 2 years. No R/S. They will become the largest of any Sandcar manufacturer in the world. ---------------------------------
Extreme Enters Into Agreement for up to $3.6 Million in Funding Monday September 10, 2:04 pm ET Use of Proceeds to Include Construction of New Manufacturing Facility, 2008 ESV Demonstration Models and New Line of Exclusive Extreme Off-Road Components
BAKERSFIELD, Calif.--(BUSINESS WIRE)--Extreme Motorsports of California, Inc. (OTC:ETMO - News; "Extreme" or the "Company") is pleased to announce it has entered into an agreement arranged by Carmac Associates, Inc. of New York and Delray Beach, Florida, U.S.A. to provide up to $3.6 million in funding in a transaction to be completed in the next 60-90 days. As the funds become available, the Company will commence construction of its 2008 Extreme Security Vehicles (ESVs) for nation-wide demonstration. In addition, the funding will provide the necessary capital to begin manufacturing a line of proprietary off-road component parts, including hubs, brakes, shifting systems, as well as closing out the long-awaited Extreme Transmission systems project, a first for the sandcar and off-road motorsports industries. The funding will also be used for the development of a new manufacturing center for assembly-line fabrication of the ESVs.
"We couldn't be more pleased to be working with Carmac Associates Inc. to provide Extreme with the necessary growth capital to expand its business beyond anything yet seen in the sandcar industry," commented Alan McCaa, President & CEO of Extreme Motorsports. "Perhaps most importantly, a portion of the funds will be used to begin development of our new manufacturing facility, which we anticipate will be as large as 150,000 sq. ft., which would be the largest of any Sandcar manufacturer in the world. We are in discussions with several state governments and their economic development committees to revitalize former centers of manufacturing in cities that have fallen into disuse.
"This new facility, in addition to featuring a redesigned manufacturing process, will provide the capacity to begin large-scale production of the 2008 ESV and meet the demand for its one-of-a-kind maneuvering, armoring and technology systems," continued McCaa.
As well as providing the deposit on its new manufacturing center, approximately $250,000, $100,000 will be used to complete current customer projects (reimbursable when the customers pay the finally bills), $200,000 to secure additional employees, $300,000 for a fleet of tractor-trailers to transport the ESVs, approximately $200,000 in branding, advertising and marketing, and $500,000 in general working capital. The remaining 2.35 million will remain in reserve to support operations once full-time production of the 2008 ESV commences, sometime in 2008.
To accomplish this funding, Extreme has increased its authorized shares of common stock to 100 billion. The Company anticipates issuing up to 80 billion shares of common stock to complete the funding. The shares will be fully restricted for a period of two years. Until the second anniversary of the offering, there will be no increase in the number of free-trade shares in the market. Management will retain 1 billion shares of preferred stock to maintain voting control of the Company.
"While we recognize the significance of this issuance of shares will have for our current shareholders, management believes this funding will significantly increase shareholder value by providing us the growth capital to maximize the opportunity of the ESV," stated McCaa. "While we considered a reverse split as one option to complete the funding, we made many representations to current shareholders that this was out of the question. We believe the fact that the shares are restricted for a period of two years provides Extreme with the necessary time frame to build the value of its free-trade stock for its current shareholders by developing the market for its ESVs.
"We look forward to the future this funding will allow us to create for the Company and its shareholders," concluded McCaa.
About Extreme Motorsports of California, Inc.
Extreme Motorsports of California, Inc., operating under the trade name "Xtreme Motorsports," is a manufacturer of custom and production-line sandrails, desert and dual sport racecars. Founded in 1983, Xtreme's sandcars have been sold to customers in England, the United Arab Emirates, Australia, South America and the US. For more information, visit the corporate web site www.xmssandcars.com. Posted by TopRob on :
I guess some didn't like the latest news. Down to .0001 now.
Posted by retiredat49 on :
Ya think?
Posted by oldguy on :
This one looks promising. The only problem I have is that they have had two reverse splits. They are promising they are not going to have another one, but I have a problem with believing any company that says they have their investor's best interest in mind and then they do a R/S. The other problem I have is that Scottrade won't let anyone buy this stock. But for some time in the future, maybe a good one.
Posted by TopRob on :
It's been trading all day at .0002, then someone dumped $35 worth. Could they be trying to trigger a big sell off at .0001 so they can load up?
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