Speedmissions Inc (EM) (SPMI)

https://ca.finance.yahoo.com/news/speedemissions-inc-announces-financial-results-130000725.html

Why keep releasing news if no one can buy your stock because you are stuck on the expert market?

You recently had a shareholder meeting in September… I can’t believe that shareholders are okay with the company not taking steps to be current. The last time they this company was current- Elvis was still performing

Are these two activities (shareholder meetings and financial result pr’s) just to keep the custodianship wolves away? Ya know- minimum requirements so that your company can’t be taken over?

So… you’re making a profit.. How about taking some of those dollar bills and updating otcmarkets so that news like this will actually matter

Yup- it takes money… but clearly you have some because you keep paying to have PR’s about quarterly financials

$SPMI - Speedemissions reports Q3 results https://t.co/Yo6edKbFcW— Seeking Alpha Market Currents (@MarketCurrents) October 31, 2022

Agree

Hopefully the most recent shareholder meeting with the election of officials means that the company is being professional and taking steps to be pink current… like all companies should

There is absolutely no reason why SPMI shouldn’t already be pink current on otcmarkets

If you can have a shareholder meeting, then you can do the paperwork to become otc current. Hopefully, it’s a means to an end. Time will tell, but they definitely have work to do

Would be nice to see them get current on otcmarkets so that this news actually mattered to investors

No one can buy. What’s the point of issuing a PR? I don’t understand

2017 last filing https://www.otcmarkets.com/stock/SPMI/disclosure

https://finance.yahoo.com/news/speedemissions-inc-announces-strong-financial-120000810.html

Good News out today

So… why Pay the money to release a PR about quarter three financials when you are on the expert market and nearly no one can buy? How about getting current?

As I had been saying for years, SPMI has been keeping the shareholders in the dark and not dealing with them, and by not filing they just took a big dump on the shareholders. Worthless now, glad I sold. glta

News out

Years back the Snow King Resort in Jackson Hole was a public company through
Western Standard Corp

The CEO was in his 80s. I got shares as low as .015. He wanted out and I asked him what he wanted for his shares. Within about 3 months the vice-president of the company bought out the CEOs shares for .29 cents -- then bought out the rest of the outstanding shares a few months later for .30 per share.

Crazy thing was after evaluating the situation and believing they were deliberately allowing price suppression (possibly for future "fair value" opinion) I began buying the stock at .05

Right after I bought at .05 they lowered to .04. and right after I bought at .04 they lowered to .03, and so on until .015 and then they began raising again. I bought from .05 down to .015 and back up. They had a very low OS and I think I was only able to get around 70k shares on the cheap -- but nevertheless...

Cha-ching!

I love penny stocks!

"I'm scouting for a broker that will allow me to buy the greys."

No one seems to be finding those, at least in the US. And if you find one the costs and spread will be outrageous. Lots of noncompliant junk OTCs on the sales block before next week. Be sure to report back if you find anything.

This is one of several non-compliant stocks I decided to hold. I have one that just became compliant and moved up around !00% from my entry and still go up.

Another just bumbed their bid up from .05 to .13

I'm scouting for a broker that will allow me to buy the greys.

I just checked out ten random stocks on that list and all but one was at or very near low for the year. Not good when the broad market is still near its all time high.

https://www.tdameritrade.com/retail-en_us/resources/pdf/TDA101550.pdf

That doesn’t speak to any of the points that I made at all.

This seems more like fearmongering

"Please note: After the amendment officially goes into effect on September 28, 2021, it may be more difficult to liquidate these securities. Quoting and market liquidity may also be very limited."

https://www.tdameritrade.com/retail-en_us/resources/pdf/TDA101550.pdf

No shit, Sherlock. I use TD as my trading platform too. Do you think we all don’t read and are aware of this?

On another note- OTC Markets has stated that companies that aren’t compliant by the deadline will still be able to become compliant at a later time if they file the necessary paperwork. Though they may initially be moved to the gray market, this move back to the otc can come at any time. At that point, they will be quotable again on otcmarkets and tradable for buy and sell orders.

SPMI recently had its shareholder meeting. I doubt it will be compliant by the deadline, but would be very surprised if they did not become current sometime soon after. This will be true for many companies as they often do things on their own watch. Welcome to the OTC

"On September 28, 2021, new amendments to Rule 15c-211 under the Securities Exchange Act of 1934
go into effect to enhance investor protection and improve issuer transparency. These amendments
restrict the ability of market makers to publish quotations for those companies that have not made
required current financial and company information available to regulators and investors.

Ahead of the regulatory enforcement date, TD Ameritrade will only accept orders to liquidate positions -
(i.e. no new buy orders) starting on or after September 3, 2021. Please note: After the amendment
officially goes into effect on September 28, 2021, it may be more difficult to liquidate these securities.
Quoting and market liquidity may also be very limited.
The list is below as of September 20, 2021 and is subject to change at any time."

https://www.tdameritrade.com/retail-en_us/resources/pdf/TDA101550.pdf

They probably did- but I voted by mail. Couldn’t make the meeting

Actually I am out of town,and without the “mailing” , but now I distinctly remember the notice saying they would be taking questions after formal presentation. Etc etc

Ok ty, I was under the impression they were actually having A shareholders meeting as well, I guess I misread The paperwork

Proxy vote

Did anyone show up ??

Shareholder meeting on August 30

On the day you made this post the stock was trading at .0014

Today the BID is over 3X the price. Not only that, its had a run to .019 which is over 13X that price

RIDDLE ME THIS. HOW MANY STOCKS ARE YOU HOLDING THAT HAVE GONE UP 3X YOUR PRICE IN THAT LAST 2 YEARS?

I'm not suggesting you or anyone else by this stock. I merely decided to park some of my money here believing that it will do better here than in the bank.

I'm a big boy. I know penny stocks can go to ZERO. I have dozens of them that have.

If you know anything about this business you know the revenues were not and are not ZERO.

Here's there last news release:

Speedemissions, Inc. Provides Second Quarter 2019 Financial Results

ATLANTA, Aug. 14, 2019 (GLOBE NEWSWIRE) -- Speedemissions, Inc. (OTCPK: SPMI, the “Company”), a retail brand offering consumers automobile emissions testing and safety inspections, as well as the owner/operator of Auto Recycling of Montgomery today announced its unaudited financial results for the period ended June 30, 2019.

Second Quarter Ended June, 30, 2019 Unaudited Financial Highlights

For the period ended June 30, 2019 total revenue was $1,707,496 vs $1,710,448 for the same period in 2018. This static revenue was the result of a store lease expiring and not being renewed as the property was sold. Same store emissions testing revenue increased 1.9% or $32,000 while auto recycling revenue increased by $2,000.

Total operating expenses were reduced 9.3% or $81,328. Consolidated station operating expenses decreased 7.8% or $76,572 with General and Administrative expenses declining 1.5% or $4,756.

The Company’s net profit for the period-end June 30, 2019 was $108,689, as compared to a net profit of $45,387 for the period- ended June 30, 2018.

This net profit was attributed to $24,583, in other income from de-recognition of aged payables. This non-recurring gain was partially offset by a $21,904 operating loss from auto recycling, yielding a net profit from continuing emission testing operations of $108,689, for the period ended June 30, 2019, as compared to 45,387 for the same period last year.
ABOUT SPEEDEMISSIONS, INC.
Speedemissions, Inc., based in Atlanta, Georgia, is a national brand offering our customers quick and efficient emissions testing and safety inspections as required by law. The Company is in the, Atlanta, GA. and St. Louis, MO. markets. The Company hopes to expand its business model by its recent announcement of acquiring an auto salvage yard. For more information visit: www.speedemissions.com.

ABOUT AUTO RECYCLING OF MONTGOMERY
Speedy Operations, Inc. (a wholly owned subsidiary of Speedemissions) is an Auto Recycling of Montgomery. Auto Recycling of Montgomery, a full service auto salvage yard, that became operational in November 2017, after being closed for over three years. The company dismantles cars purchased through the insurance auctions and sells the OEM parts to auto repair garages, auto body shops, the general public and is developing an internet based sales platform. In addition to being an Automotive Dismantler and Parts Recycler, the company is a Motor Vehicle Rebuilder, Used Motor Vehicle Dealer and Motor Vehicle Wholesaler.



SOURCE

Wise decision, I blew it

I ended up selling my whole position here between .012-.014. Too many thoughts of this loser management running through my head. I will re-enter at .003 or less if possible, I never imagined I would beat this stock. Good luck to you.

dunno -

What is up with all the volume?

Looks like shares hands exchange, New base in the works...before next HOY

Lazarus,

I know am out spmi talks,
But what else could be still a good opportunity here?

My email if u prefer:
Dnsvaillant@gmail.com

Thanks

Den

Penny stocks are rockin'. Starting to remind me of the late 90's when it was hard to find a penny stock trading under a dime.

morning Lazarus ,

solid volume last friday

what does it tell you ?

thnx

Den

Market Cap
1,479,553
02/12/2021
Authorized Shares
Not Available
Outstanding Shares
118,364,225
03/24/2017
Restricted
Not Available
Unrestricted
Not Available
Held at DTC
Not Available
Float
Not Available

Yes it’s the unknown that creates the dark area, and frustration, I have another one I am heavily invested in, FLXT, do you have a great product and they have been around for many years, but they just can’t seem to really get off the ground, they have been very quiet for the past few months, but I am in no way given up any hope

The most frustrating thing isn't the pps, its the lack of transparency from management. I have a similar stock situation in dbrm, except that the ceo gets back to me within minutes when I email him.

Yes it’s quite frustrating, shoulda coulda woulda , just like me selling 5 million shares for peanuts, and so close to this major move,UGH As they say, this too shall pass, they just didn’t tell us that it would take many years, LOL

I will hang on to some, and keep in my mind the years of .0009/.002 bid and ask lol

Yes, it’s quite the crazy game, I would say something is definitely going on with speedemissions , so be cautious don’t jump the gun on this one,I will be watching extremely close myself

I really hope you get it, or most of it back. I thought even when they closed some locations it may be a good thing but we cant even see the numbers any more. I sold one chunk friday, I will look to get even with another chunk and hopefully make a profit. My fear is that after this active period it could be more years of this being dead.
Friday I came home around noon after a long night of plowing snow, I was tired but I placed a buy order for a few hundred thousand shares of a stock on the hot list, It was down about 25 percent at the time, it filled and I immediately place a sell order for .0007 higher than I paid which was just under the stocks break even point for the day. I took a nap, then got up before the market closed and the stock was still .0029, the I looked in my account and the stock went up filled my order and went back down, LOL. I need to keep more fun money in my account.

I lost 60 K, I was convinced they were going to make a major move with their big business plan, hopefully I can get 30 40 or even 50 k Back if it goes to a nickel, when we find out what’s going on, maybe I will even hold out for more, just keeping my fingers crossed, God only knows a lot of us I have a lot of years invested here, not to mention the money

What will remain in my mind is the 8 years of almost no volume, the huge spread bid/ask that has always been present and the managememt, rich p. not ever addressing shareholders about anything. This is an easy stock to get stuck in. The only good I see is the fact that over the years they really could not have diluted much as there has been no interest or volume. I probably purchased close to when you did but I purchased a lot less.

I don’t recall it being that high, at any rate if it reached a nickel I would be jumping through loops LOL

We should test at least 2013 high 0.13 cents!!!

I hear you, best of good luck, happy trading !!!

It was literally scrapped, money loser

I wonder what happened to the auto recycling in alabama

I’m going to take it a bit further, I truly believe something is going on here, I hear they filed for something in Florida last month, I heard that today but haven’t had time to check on it,TTYL, and yes the pain is deep

I feel for you, I certainly am going to take profits at this point. As far as I know this is the same company as a month ago and I will treat it like there have been no changes. I bought this when it was running probably 8 years ago and have been at a loss ever since