Extreme Biodiesel Inc (OTCMKTS: XTRM) has been on the move since briefly dipping below the $0.003 mark earlier in the week. The stock has a long history of pops and big volatility in small caps trading as low as $0.0006 and $0.0046 over the past year.
Extreme Biodiesel bills itself as an alternative fuel and re cycling company. The Company s mission is to provide a cost-effective, high-quality alternative diesel fuel, create “green” jobs, reduce the environmental impact of fossil fuels and diminish US reliance on foreign oil. Extreme Biodiesel is currently investigating acquisition opportunities related to Bio Diesel and Real Estate.
Extreme Biodiesel Inc (OTCMKTS: XTRM) announced In January a change in management and has accepted the resignation of Joseph Spadafore who is to be relieved of all duties effective immediately with no further involvement with the company in any capacity. We are also pleased to announce that Vinnie Angelos is now the CEO, President and a member of the Board of Directors of the company. Vinnie states he is excited to get to work on behalf of Extreme Biodiesel shareholders in building a real company to be proud of. Other company announcement: We are pleased to announce that Vic Devlaeminck has accepted the positions of CFO and Secretary and member of the Board of Directors of the company.
The company will be addressing it’s website to better reflect its new direction in an upcoming news announcement. Please disregard any and all past social media post and or news releases. A company press release will verify any new social media outlets. Currently the only media outlet is the company’s twitter account @XTRMBio.
On February 12 XTRM updated shareholders on the progress of the Company in 2019 and provide a current status on our various fronts. Financial years 2017, 2018, and 2019 have been posted on OTC markets and 2019 year- end filings are coming very shortly. Until we were current, the company continued to maintain our strategic silence. However, it’s important to us that we let everyone know that we are continuing to build our business.
Locating and acquiring a viable business for Extreme Biodiesel, Inc. was our primarily adjective. This was a big, bold move for newly appointed management and a big investment knowing the past history of the former management.
Today, we are well positioned to finally begin to take advantage of all the hard work everyone has put in fixing the company. Although we thought we would have been here sooner, good things come to those with patience. We have several key and substantial announcements in the coming weeks and months about our newly acquired asset that will provide the company the financial stability it deserves.
The Company’s new website is near completion and will be released for viewing very soon. In the meantime, we have been busy and continue to work hard and plan to update our shareholders on a much more regular basis please follow us on twitter @XTRMBio
We have been very busy diligently going over our newly acquired asset. The company’s financial filing are do Feb 15, news release are coming.
— Extreme Biodiesel (@XTRMBio) February 3, 2020
Currently trading at a $2.1 million market valuation XTRM has little assets or revenues and no debt which is extremely rare for a triple zero pink. The Company is highly active on twitter and clearly working hard behind the scenes and the stock has successfully attracted a large growing shareholder base that sees XTRM going higher. With liquidity, momentum and no debt – dilution to hold igt back XTRM is exciting at current levels. We will be updating on XTRM on a daily basis so make sure you are subscribed to microcapdaily.com so you know what is going on with XTRM.
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Disclosure: we hold no position in XTRM either long or short and we have not been compensated for this article.