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Technology Stocks : XTME Extreme Co.

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To: thomas a. burke who wrote (26)6/5/2006 6:22:09 PM
From: thomas a. burke  Read Replies (1) of 36
 
10Q is out if anyone cares. The only one making money on this pos is the Investor Relations company. If you ask me, they should be fired. Here is a clip from the 10Q:

OPERATING EXPENSES

Operating expenses increased to $1,018,205 for the three months ended March 31, 2006 as compared to $603,863 for the three months ended March 31, 2005. The increase in operating expenses for the period ended March 31, 2006 occurred primarily as a result of Documentation Fees for Funding of $150,000, Investor Relations of $429,605, Write-down of Assets of $130,000 and Payroll and Taxes of $138,510.
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