*Recap Of Conf. Call with CEO: First of all I want to make in known that anything that was discussed was in the public realm so to speak. We discussed alot of things and I will go through what I remember in numerical order.
1- Current Seller is NOT TCA 2M shares that they were given for the loan the $2M loan with payment schedule in Q3. Again these shares are restricted and given as a ONE TIME advisory fee to the loan.. There shares are restricted and and are working very close with company and are in tune to the companies growth and future. So as far as they know from the nobo list and updates that its just traders that accumulated a large amount of shares....NOT TCA or anyone from the company and that THEIR IS NO TOXIC DEBT OUT THERE. Addtionally, NO ONE from the company is selling a single share. The CEO, the board members, family and relatives of CEO, IR....He repeated that no one is selling any shares of SPMI. He went on and said that many of the original shares holders are his own family members, relatives and close friends from .35 and up over $1. He said he will be doing everything in his power to bring the stock price up the right way be showing sustained profitability, increasing revenues of the $7-8M base dramatically of the the next few years, and bringing on some key wall street bankers and investors to execute and perhaps partner with in executing the business plan. The CEO spoke with alot of conviction here guys, I believe him. I have talked to many CEO's in the past, there is no question i know how to spot a crook and honest man....Rich P. is doing this the right way guys and i have alot of confidence in this great new business model.
2- New Stores and Business Model- We talked about the new store models in depth from the PR. These stores are going to be really nice guys. The first 2 going up in Atlanta Area and will be corporate franchises will showcase stores for future franchises....These stores like nothing in the current industry. They are partnering on many fronts here within the stores so your going to see some nice surprises here. The main revenue will be generated from inspections of all kinds (emission, safety, etc.) and automotive maintience work from tune ups in oil changes to transmission...complete mid to light car care that will even over valet service with pick up and drop off if needed. 4-6 bays garage, coffee and espresso bar with entertainment tvs, and merchandising of car related items and more. These stores will be called Expresso Care Car Cafes as per the PR. Great name, logo and concept guys.
3- Expresso Emissions- 12-24 stores will be rolled out in the next 12 months in very strategic locations as per PR. These will be just emission safety testing locations that are high volume and can be highly profitable in the right locations. The company lost several key leases over the last 12 months and hurt the company revs...we all know that from filings in 2013....BUT, many new locations have been negotiated and are in the process of being negotitated atm.....There were 7 NEW stores aquired to make 43 Stores atm....and several more will be announced shortly.
4- Current share structure: The OS is 40M with the 2M restricted from TCA and the float is 19M. These are up to date numbers.... 19M shares guys out there trading...ONLY 19M. Guys THE CEO is committed to NOT diluting shareholders to any degree that will hurt them....REMEMBER WHAT I SAID ABOVE IN NUMBER 1. FInally, i walked away feeling what i felt all along, SPMI is an INVESTMENT STOCK, not a quick flip...And the current prices we have witnessed over the last 6 months are very undervalued. When the stock hit .09 in the summer, alot has happenend and is in much better shape than NOW than it was in July.....and .09 was extremely undervalued. **MOVING FORWARD THE CEO IS VERY MUCH IN TUNE TO CREATING LIQUIDITY AND AWARENESS TO INVESTORS IN SPMI*** BUT WILL BE DONE THE RIGHT WAY, NOT WILL BS PENNY STOCK PUMP AND DUMP STYLE... BUT WITH REAL INVESTMENT TYPE MEDIA AND PRESENTATIONS....STAY TUNED...***THIS IS A MAJOR FOCUS OF THE CEO AND IR MOVING FORWARD.*****
ORPORATE F ACT S HEET
http://www.speedemissionsinc.com/factsheet/De...tSheet.pdf
1- Current Seller is NOT TCA 2M shares that they were given for the loan the $2M loan with payment schedule in Q3. Again these shares are restricted and given as a ONE TIME advisory fee to the loan.. There shares are restricted and and are working very close with company and are in tune to the companies growth and future. So as far as they know from the nobo list and updates that its just traders that accumulated a large amount of shares....NOT TCA or anyone from the company and that THEIR IS NO TOXIC DEBT OUT THERE. Addtionally, NO ONE from the company is selling a single share. The CEO, the board members, family and relatives of CEO, IR....He repeated that no one is selling any shares of SPMI. He went on and said that many of the original shares holders are his own family members, relatives and close friends from .35 and up over $1. He said he will be doing everything in his power to bring the stock price up the right way be showing sustained profitability, increasing revenues of the $7-8M base dramatically of the the next few years, and bringing on some key wall street bankers and investors to execute and perhaps partner with in executing the business plan. The CEO spoke with alot of conviction here guys, I believe him. I have talked to many CEO's in the past, there is no question i know how to spot a crook and honest man....Rich P. is doing this the right way guys and i have alot of confidence in this great new business model.
2- New Stores and Business Model- We talked about the new store models in depth from the PR. These stores are going to be really nice guys. The first 2 going up in Atlanta Area and will be corporate franchises will showcase stores for future franchises....These stores like nothing in the current industry. They are partnering on many fronts here within the stores so your going to see some nice surprises here. The main revenue will be generated from inspections of all kinds (emission, safety, etc.) and automotive maintience work from tune ups in oil changes to transmission...complete mid to light car care that will even over valet service with pick up and drop off if needed. 4-6 bays garage, coffee and espresso bar with entertainment tvs, and merchandising of car related items and more. These stores will be called Expresso Care Car Cafes as per the PR. Great name, logo and concept guys.
3- Expresso Emissions- 12-24 stores will be rolled out in the next 12 months in very strategic locations as per PR. These will be just emission safety testing locations that are high volume and can be highly profitable in the right locations. The company lost several key leases over the last 12 months and hurt the company revs...we all know that from filings in 2013....BUT, many new locations have been negotiated and are in the process of being negotitated atm.....There were 7 NEW stores aquired to make 43 Stores atm....and several more will be announced shortly.
4- Current share structure: The OS is 40M with the 2M restricted from TCA and the float is 19M. These are up to date numbers.... 19M shares guys out there trading...ONLY 19M. Guys THE CEO is committed to NOT diluting shareholders to any degree that will hurt them....REMEMBER WHAT I SAID ABOVE IN NUMBER 1. FInally, i walked away feeling what i felt all along, SPMI is an INVESTMENT STOCK, not a quick flip...And the current prices we have witnessed over the last 6 months are very undervalued. When the stock hit .09 in the summer, alot has happenend and is in much better shape than NOW than it was in July.....and .09 was extremely undervalued. **MOVING FORWARD THE CEO IS VERY MUCH IN TUNE TO CREATING LIQUIDITY AND AWARENESS TO INVESTORS IN SPMI*** BUT WILL BE DONE THE RIGHT WAY, NOT WILL BS PENNY STOCK PUMP AND DUMP STYLE... BUT WITH REAL INVESTMENT TYPE MEDIA AND PRESENTATIONS....STAY TUNED...***THIS IS A MAJOR FOCUS OF THE CEO AND IR MOVING FORWARD.*****
ORPORATE F ACT S HEET
Corporate Headquarters
Speedemissions, Inc. 1015 Tyrone Road, Suite 220 Tyrone, GA 30290 Tel: (770) 306-7667
General Information
Industry: Automobile Aftermarket Corporate Web Site: www.speedemissions.com Ticker Symbol/Exchange: SPMI – OTCQB Investor Relations ir@speedemissions.com
Selected Financial Data – Nine Months End Sept. 30, 2013
Outstanding Shares (9/30/13): Public Float (8/09/13): 52-Week High/Low (11/26/13): 30 Day Ave.Vol. (11/26/13): Market Capitalization (11/26/13): Revenue:
Gain / (Loss) From Operations: Net Income / (Loss): Cash & Equivalents: Total Assets:
40,278,066 19,800,000 $ 0.006/$ 0.09 85,759 $ 1.49 million $ 5,466,793 $ (280,518) $ (456,751) $ 52,653 $ 2,447,015 $ 2,075,039
Total Liabilities:http://www.speedemissionsinc.com/factsheet/De...tSheet.pdf
