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Hello Traders,
I hope your weekend went well! I have another company I am sure you would like to take a look at and keep close on your watch list. This ticker is XTRM.
There are a few different keys here that make this one I believe you should watch:
Firstly, as you can see on the chart below, XTRM is in a bit of an oversold situation. Its clear the companies valuation is in an upward trend, and is following more or less a channel in which it is climbing. We are at the bottom end of that channel, making in my opinion a great opportunity to watch and get in.
Next to that, I believe management is very serious and working hard to execute their business plan. In the latest PR, XTRM President Joseph Spadafore commented "Extreme Biodiesel, in particular its wholly owned subsidiary XTRM Cannabis Ventures has been positioning itself to be ready when full legalization of Hemp and Marijuana occurs on both Federal and State levels. In 2014 the company brought on Dr Rainer H Busch to assist in research and development of Hemp into Biodiesel as well as MMJ Oils research. Some of what we have been doing is growing comparable plants to Hemp such as Nettle to make sure we are ready to go once the 'green light' is announced. Recently we were finally granted the permit for a water well on our property in California to allow continued progress of our development. We are encouraged by the efforts of U.S. Rep Thomas Massie and as XTRM moves forward we will continue to issue updates." I think that speaks volumes for management, and it is very apparent the rest of the market has faith, as signaled by the uptrend.
A summary of XTRM's business operations:
Extreme Biodiesel is an alternative fuel and recycling company with several wholly owned subsidiaries such as XTRM Cannabis Ventures, and Extreme Biodegradable Products that work together to compliment Extreme Biodiesel.
Extreme Biodiesel was founded in 2003 with the specific mission to produce, distribute, and create awareness of user-friendly alternative energy products and sources of power. By entering into the quickly expanding biofuels industry, EGT’s primary focus is to produce a user-ready, high quality alternative fuel that is priced competitively with petro-diesel. Because there is an impending need to stop global warming and reduce humankind’s carbon footprint, EGT continuously strives to seek out new technologies and produce feasible eco-friendly fuels in order to make a positive impact on both the environment and our domestic economy.
The rapidly expanding biodiesel industry has unlimited economic potential that is supported by federal and state governments. Recognizing this growth, EGT began looking for an ideal company to further its quest to lead the biodiesel industry. Extreme Biodiesel was found to be an ideal company in that it is a fully operational biodiesel fuel and equipment manufacturer, and thus became part of the Extreme Green Technologies corporate family.
Extreme Biodiesel is able to produce biodiesel fuel products that are not only better for the environment, but are a realistic means for dramatically reducing the United States’ dependence on foreign oil. Extreme Biodiesel started designing biodiesel processors mainly for individual end-users. In the last 24 months, the company has sold over 150 processor units in the US, Canada, and Africa. Extreme Biodiesel is further expanding its scope by increasing biodiesel production and also creating a Co-Op for both individual members and fleet accounts throughout Southern California.
Our mission is to provide a cost-effective, high-quality alternative diesel fuel comprised of natural plants and food waste, create "green" jobs, reduce the environmental impact of fossil fuels and diminish US reliance on foreign oil.
Once again, have a good week! Keep this ticker on your watch list and be ready to nab some profits! Best of luck!
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Yours Truly,
The Parlay Network Team
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