Extreme Biodiesel, Inc. (OTC: XTRM) stock volume continued to soar with 18,283,608 shares changing hands, nearly twice its three-month average volume of 10,905,437 shares.
There is no doubt that this ongoing surge in volume is being sustained by a bevy of press releases explaining the transformation of the once Biodiesel company based in Corona, Calif. into a company focusing on the medical-marijuana business.
Here’s a snippet from the release:
“[Extreme Biodiesel] would like to develop the 40 acres to house up to five 20,000 square foot warehouses for indoor cannabis (marijuana) plant growth, 20 acres for outdoor hemp cultivation for biodiesel, and an industrial center to process the marijuana/cannabis into smokeless products,” the release explains, with excitement dripping from every word.
While this might sound good to the untrained ear, it sound like hype because there are no specifics in the release explaining how little inconveniences such as financing and licensing will be accomplished. Nor is there any information on where Extreme Biodiesel stands with its, well – core products it has touted before legal marijuana came into fashion.
On Feb. 25, Extreme Biodiesel released an update on it 40-acre hemp/marijuana-related land development project.
“The company is pleased to report that it plans to close escrow on the property on or before Mar. 20, 2014,” the release said. “The project, when built out is expected to use the 40 acres to accommodate up to five 20,000 square-foot warehouses for indoor marijuana / cannabis growth, 20 acres for outdoor Hemp cultivation for biodiesel, and an industrial center to process marijuana / cannabis into smokeless products,” the press released added.
Abysmal Financial Record
Let’s hope that if Extreme Biodiesel should someday actually get up and running in the legal-marijuana business, its numbers look a lot better than its financials ending September 2013.
At that time, Extreme Biodiesel had $2,000 in cash and about $22,000 in current assets. It registered $653,000 in current liabilities and $16,000 in revenues, with a $45,000 net loss.
On Feb. 25, XTRM shares closed at 6 cents up 1 cent from its closing price of 5 cents the previous day.
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New Micro-Refinery Technology
Meanwhile, On Feb. 25, Well Power Inc.’s (OTCQB: WPWR) stock volume soared with 10,053,175 shares changing hands, nearly twice its three-month average volume of 5,669,976.
It appears that investors are currently enthralled with the potential of the Houston-based energy technology company’s newly licensed technology that it says enables oil and gas producers and operators to process otherwise wasted natural gas, including stranded, shut-in, flared and vented gas and produce valued end-products. These would include Engineered FuelTM (diesel, diluents, synthetic crude) and electrical power.
Appoints New President and Director
On Feb. 13, Well Power announced the appointment of Dan Patience as president and director of the Company.
Patience currently serves as the president of Noble Investment Corp., a private company based in Calgary, Alberta that has been providing Investment Banking/Investor Relations Services to publicly listed Canadian and US Companies since 1994.
Patience has been involved in the investment Industry for 30 years, starting off his starting career in the brokerage business in 1984. He founded Noble Investment Corp. February of 1994 which has been involved in funding companies and guiding them toward public listings, as well as providing Investor Relation services.
On Feb. 25, WPWR shares closed at 62 cents up 11 cents from its closing price of 51 cents the previous day.
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Hodgepodge of Businesses in Developmental Stages
Intelligent Living Inc. (OTCQB: ILIV) stock volume continued to surge Feb. 25, 2014, with 115,063,344 shares changing hands, nearly twice its average monthly volume of 65,740,244 shares.
It’s difficult to say what has triggered the volume of this Miami-based developmental stage company that wants to produce various cannabis-based products, computer applications and nutritional supplements. There is very little concrete news other than several wordy and winding press releases on letters of intent.
The latest Feb. 25 release tries to explain to it shareholders why they shouldn’t expect to see anything concrete too soon:
“These processes take time to complete and are not immediately accretive to our balance sheet- rather take resources in manpower and time,” the release explains. “ Our overall goal is to create a business that has multiple revenue streams and the ability to stand the test of time. We are adding businesses that are either core to our operations or fit into the eHealth and Wellness framework that we have established,” it added.
New Pillbox App
On Feb. 14, Intelligent Living announced its newest intelligent digital pillbox app, “apPill Box XL(TM),” which is now available for download to users of Android smartphones. The app reminds people to take their pill and gives them other directions their doctors may have included.
On Feb. 7 it issued a “clarification to shareholders concerning Intelligent Living’s Letter of Intent with Green Roads of Florida LLC”
Here’s a little bit more:
“As initially outlined as part of the roadmap for 2014 released late last year, this acquisition exhibits further execution of the ILIV strategy to unveil innovative products within our Core Operating Area (COA) of health and wellness products and is complementary to our earlier acquisition of drlarrydirect.com. This acquisition would clearly strengthen our position going forward to be a leading ecommerce retailer of health, wellness and alternative formulas. These natural bioactive CBD compounds have health promoting and medicinal properties. These two product lines are synergistic and complementary in nearly every respect.”
The problem with such press releases is that they are strong on intentions and potential, but short on specifics, such as: What specific products are you going to produce. Are there any orders? What is the time line for a product roll out?
Maybe time will tell.
On Feb. 25, ILIV’s share value closed at 1 cent, unchanged from its closing share value the previous day.
Find out what could be the best investor’s move when it comes to ILIV by getting the complete report here, or by cutting and pasting the following link in your Web browser:
Ramping Up Its Staff with Top-Notch Researchers
In the biotechnology sector, Nuvilex, Inc. (OTCQB: NVLX), a Silver Spring, Md. biotech company optimizing the anticancer effectiveness of cannabinoids against cancers, stock volume skyrocketed Feb. 25, with 38,725,860, nearly six times its three-month average volume of 6,938,456 shares.
Much Hype, Little Results
Over the last year it has issued a bevy of press releases about how it is positioning itself and recruiting and hiring the top researchers in the medical-marijuana field. But so far, the company has not produced any concrete products or services for the industry. Neville’s cannabis business appears to still be in the developmental stage. Still, it has hired the brain power that eventually could make it a real player.
On Feb 25, NVLX’s share price closed at 33 cents, down 4 cents from its close of 29 cents the previous day.
Find out what could be the best investor’s move when it comes to NVLX by getting the complete report here, or by cutting and pasting the following link in your Web browser:
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