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  4. Speedemissions Inc (SPMI) Message Board

Listen up important: The 2M shares or $100k Adviso

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Post# of 84
Posted On: 01/30/2014 8:14:57 AM
Posted By: stockfalcon
Listen up important: The 2M shares or $100k Advisory fee to TCA is in the 8k and those shares are restricted to later in the year.  I spoke to the CEO distinctly about this and before I could even discuss it, he told me that we will work with TCA and re-amend the 8k. He told me TCA is like a business partner to the company and wants to grow with them as they roll things out in 2014.  The last thing they want to do is kill something they have a lot of skin in the game.  SO PEOPLE WAITING OR SCARED OF THOSE SHARES HITTING THE MARKET, DO BE SCARED, THE CEO IS ON TOP OF IT AND SAID THE AMMEND SEVERAL DEALS IN PAST 8KS AND WILL DO THE SAME HERE...TCA HAS A VESTED INTERESTED IN THE COMPANY. THE LOAN OF $2M they gave SPMI has a distinct repayment schedule which has been meet and will continue to be...There is NO convertible debt involved accept the 2M restricted shares like I said will be re-negotiated on a future 8-k prolly in q1 2014 as per CEO.  The selling that has gone on by market maker AGIS since mid September to about a week ago was someone that had shares from services some time ago...it was about 2.5M shares that we absorbed that brought the stock from around .045 to around .01...IT WAS NOT CONVERTIBLE DEBT...THEY ONLY CURRENT CONVERTIBLE DEBT IS THE 2M shares held by TCA and like I said above, we have nothing to worry about there.


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