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the party is just getting started here IMO
SPMI looking for a $.30 break today.
yup...only going to go higher from here...stock chart or no stock chart...
still waiting on stockcharts to add SPMI...they must be lazy after the Holiday...
Agreed. The company looks solid.
alright hold down the fort guys...I have to run to a 4:15 doctor's appt.
SPMI shares moving in to tight hands
SPMI $.2128 x $.2488 volume increasing daily along with share price
welcome aboard -e-
SPMI>>> the little emissions free engine that could...lol
SPMI $.20 x $.2488 looking good no one wants to sell this one
only 5.2 million shares issued and outstanding as of 11/10/09
$.20 x $.248 looks like she's getting ready to go again
SPMI $.1828 x $.209...the silent runner
agreed. I think we stumbled on a true hidden gem here. This is not your typical penny stock.
SPMI $.20's gone $.181 x $.25...once the spread tightens should be off to the races again
SPMI volume increasing daily along with the price...that's what I like to see in a company. Looks like people are starting to catch wind of the story and are liking what they find.
SPMI $.181 x $.187 looking ready to pop here guys
SPMI $.1602 x $.187...the silent runner
order in not filling...
good morning everyone...
chooooo choooo....
chugga chugga chugga chugga chugga...choooooooo chooooo...
SPMI train getting ready to leave the station?
Please take a second to visit this link and request the listing: http://stockcharts.com/help/doku.php?id=support:feedback:symbol_request
thanks VZ...buckle up...I think we're in store for a ride up here
volume increasing daily here along with the price...always a good indicator...
Thanks bud. -e-
Hey guys I tried to post the chart for SPMI in the iBox and they are not showing up at StockCharts.com yet. Please take a second to visit this link and request the listing: http://stockcharts.com/help/doku.php?id=support:feedback:symbol_request
pennypusher 01: hey go to that link and make sure to request stockchart for SPMI
a very nice one
volume been increasing daily...along with the share price
$.156 x $.18 looking good
SPMI currently has over $9 million in assets.
SPMI is fully reporting OTC-BB...not stinky pinky.
SPMI has good POSITIVE cash flow.
SPMI has $671,604 CASH on their balance sheet.
SPMI reduced accounts payabale from $498,554 to $227,850 - over a 50% reduction from last year's balance owed.
SPMI only holds good debt.
SPMI reduced their total liabilities last year by roughly $250,000.
SPMI operates 40 testing centers in 4 of the 32 states required by law to perform emissions testing. Soon all 50 states will require vehicle emissions testing and SPMI is well positioned to capture substantial market share in a $2+ billion annual industry.
SPMI is currently generating approximately $10,000,000 in annual revenue. Revenue has been consistently increasing at a rate of around 3% to 4% per quarter.
SPMI only has roughly 5.2 million shares issued and outstanding. At the current price of $.1488, that leaves the company with a market capitalization of only $768K!
SPMI is grossy undervalued. If the company were to liquidate all of its assets at say 50% book value...that would still generate around $4.5 million after the sale. The company also has over half a million in cash on hand which would leave around $5 million total. A $5 million dollar market cap would give this company a price per share of around $1.
SPMI is poised to become a national name as they continue to grow and expand into other state markets.
I am patient. I am holding out for this stock to correct to it's true value...which I feel is somehwere in the $1-$2 range right now...here's why:
SPMI currently has over $9 million in assets.
SPMI has good POSITIVE cash flow.
SPMI has $671,604 CASH on their balance sheet.
SPMI reduced accounts payabale from $498,554 to $227,850 - over a 50% reduction from last year's balance owed.
SPMI only holds good debt.
SPMI reduced their total liabilities last year by roughly $250,000.
SPMI operates 40 testing centers in 4 of the 32 states required by law to perform emissions testing. Soon all 50 states will require vehicle emissions testing and SPMI is well positioned to capture substantial market share in a $2+ billion annual industry.
SPMI is currently generating approximately $10,000,000 in annual revenue. Revenue has been consistently increasing at a rate of around 3% to 4% per quarter.
SPMI only has roughly 5.2 million shares issued and outstanding. At the current price of $.1488, that leaves the company with a market capitalization of only $768K!
SPMI is grossy undervalued. If the company were to liquidate all of its assets at say 50% book value...that would still generate around $4.5 million after the sale. The company also has over half a million in cash on hand which would leave around $5 million total. A $5 million dollar market cap would give this company a price per share of around $1.
SPMI is poised to become a national name as they continue to grow and expand into other state markets.
i suspect trades will trickle in as gamers catch wind of the financials and are able to put 2 and 2 together. We have a very "enviro-friendly" President in office...that's all I'm saying :D
This is my favorite line from the article: "In light of the president's goal to reduce emissions 83 percent by 2050, the expected pathway set forth in this pending legislation would entail a 30 percent reduction below 2005 levels in 2025 and a 42 percent reduction below 2005 in 2030," it said.
You don't have to be a rocket scientist to figure out what is going to happen here.
Did you see the breaking news on CNBC this morning? Auto emissions are next. Pretty soon the government is going to require all 50 states to do emissions testing. It's all about going GREEN right now and SPMI has positioned themselves to become a national leader in a $2+ billion industry.
SOURCE: http://www.bangkokpost.com/news/world/161082/us-to-pledge-major-emission-cuts-at-climate-summit
US to pledge major emission cuts at climate summit
Published: 26/11/2009 at 12:04 AM
Online news: World
President Barack Obama will attend the climate summit in Copenhagen next month and offer to cut US greenhouse gas emissions by 17 percent from 2005 levels by 2020, officials said on Wednesday.
Smoke billows from the chimney of a paper factory in Pietarsaari, Finland. President Barack Obama will attend the climate summit in Copenhagen next month and offer to cut US greenhouse gas emissions by 17 percent from 2005 levels by 2020.
Obama hopes to "give momentum to the negotiations" on December 9 when he attends part of the 12-day global summit aimed at finding a successor to the Kyoto Protocol on climate change that expires in 2012, a senior official said.
The president will commit to the near-term US emissions reduction target of 17 percent as long as China and other emerging nations made serious pledges of their own, a White House statement said.
"In light of the president's goal to reduce emissions 83 percent by 2050, the expected pathway set forth in this pending legislation would entail a 30 percent reduction below 2005 levels in 2025 and a 42 percent reduction below 2005 in 2030," it said.
Yvo de Boer, executive secretary of the UN Framework Convention on Climate Change (UNFCCC), which is in charge of the December 7-18 Copenhagen conference, warmly welcomed Obama's decision to attend.
"I think it's critical that President Obama attends the climate-change summit in Copenhagen," de Boer said in a telecast news conference from Bonn.
"The world is very much looking to the United States to come forward with an emission reduction target and to contribute international finance support to help developing countries adapt to the impact of climate change.
"I think that if he can deliver on his election campaign statements that Copenhagen needs to be a success by coming to Copenhagen himself, that I think will be critical to a good outcome."
When Obama goes to Copenhagen on December 9, he is likely to be the only head of state or government there as the others are coming for the last three days of proceedings.
Obama sought Tuesday to boost hopes of a meaningful deal at the Copenhagen climate summit, saying recent progress after meetings with the leaders of key players like India and China meant serious progress was being made.
India, China and other developing nations have been pressing for Western nations to offer technology and other support to help them reduce the intensity of emissions blamed for global warming.
But the emerging economies have resisted legally binding requirements, saying that wealthy nations, not them, bear the historic responsibility for carbon emissions.
As the leader of one of the world's two biggest polluters, Obama had been under considerable pressure from US allies to attend the conference.
The ambitions of any US targets on greenhouse gas emissions are restricted by the fact that Congress is struggling to pass legislation for comparatively meager cuts.
Obama's position for Copenhagen exactly reflects a House of Representatives bill, passed in June, that also envisages cuts of 17 percent from 2005 levels by 2020 and by 83 percent by 2050.
A slightly more ambitious bill before the Senate, but not due to be debated again until early next year, talks of a 20 percent reduction from 2005 levels by 2020. Related article: Climate action 'can avert health crisis'
Compared to the 1990 benchmark used by almost every other country, the US target only amounts to something like a four-percent reduction.
The European Union has vowed to reduce its emissions by 20 percent from 1990 levels before 2020, raising the target to 30 percent in the event of an international agreement. Japan has offered 25 percent, but attached conditions.
The United States was the world's biggest carbon emitter until it was overtaken by China in 2006, according to the Global Carbon Project, a consortium of leading climate scientists.
But Chinese officials point out that its per capita emissions are between one-third and one-fifth of developed countries.
doing some DD here...liking what I am finding thus far. Company seems grossly undervalued.
SPMI website: http://www.speedemissions.com
Speedemissions, Inc. Reports Third Quarter 2009 Results
Company reports 144% increase in third quarter net income
ATLANTA, Nov 10, 2009 (BUSINESS WIRE) -- Speedemissions, Inc. (OTC Bulletin Board: SPMI - News), a leading vehicle emissions testing and safety inspections company with testing stores in Atlanta, Houston, St. Louis and Salt Lake City today announced its financial results for the third quarter ended September 30, 2009.
Third Quarter Highlights:
-- Revenue increased 2.6% to $2,599,350 for the third quarter of 2009 compared to revenue of $2,532,993 for the third quarter of 2008. The increase in revenue was led by a 4.6% increase in same store sales over the comparable period of 2008.
-- General and administrative expenses decreased 13.8% to $378,880 during the third quarter of 2009 compared to $439,285 in the same period of the prior year.
-- Net income for the third quarter of 2009 increased 144.4% to $60,531 or $0.01 per diluted share from net income of $24,769, or $0.00 per diluted share in the comparable period of 2008.
Year-to-Date Results:
-- Revenue increased 2.4% to $7,657,600 for the nine month period ended September 30, 2009 compared to revenue of $7,481,467 in the nine month period ended September 30, 2008. Same store sales increased 4.1% in the nine month period ended September 30, 2009 over the comparable period of 2008.
-- General and administrative expenses decreased 27.0% to $1,041,299 during the nine month period ended September 30, 2009 compared to $1,427,368 in the nine-month period ended September 30, 2008.
-- Net income for the nine-month period ended September 30, 2009 increased to $205,599 or $0.02 per diluted share from a net loss of $324,509 or ($0.06) per diluted share.
-- Since December 31, 2008, the Company has increased its cash balances by 31.0% and decreased its total liabilities by 20.0%.
Richard A. Parlontieri, President and Chief Executive Officer of Speedemissions commented:
"We're pleased that we were able to increase revenue, increase same store sales and generate net income for the third consecutive quarter. We have increased our cash balance and reduced our liabilities during the quarter and first nine months of 2009. We were able to do all of this with our existing capital resources."
About Speedemissions Inc. http://www.speedemissions.com
Speedemissions, Inc., based in Atlanta, Georgia, is a leading vehicle emissions testing and safety inspections company in the United States. We provide services in certain areas where auto testing is mandated by the Environmental Protection Agency (EPA). Since the emissions testing market is highly fragmented, Speedemissions expects to be the first company to create a national brand offering their customers quick and efficient vehicle emissions testing service. The current focus of the company is in the Atlanta, Georgia; Houston, Texas; St. Louis, Missouri and Salt Lake City, Utah markets.
Certain statements contained in this news release regarding matters that are not historical facts may be forward-looking statements. Because such forward-looking statements include risks and uncertainties, actual results may differ materially from those expressed in or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, uncertainties pertaining to continued market acceptance for Speedemissions' products and services, its ability to succeed in growing revenue, the effect of new competitors in its market, integration of acquired businesses, and other risk factors identified from time to time in its filings with the Securities and Exchange Commission.
Speedemissions, Inc. and Subsidiaries
Consolidated Balance Sheets
September 30, December 31,
2009 2008
(unaudited)
Assets
Current assets:
Cash $ 671,604 $ 512,492
Other current assets 144,038 137,691
Total current assets 815,642 650,183
Property and equipment, at cost less accumulated depreciation and 1,038,627 1,214,737
amortization
Goodwill 7,100,572 7,100,572
Other assets 101,787 100,937
Total assets $ 9,056,628 $ 9,066,429
Liabilities and Shareholders' Equity
Current liabilities:
Accounts payable $ 227,850 $ 498,554
Accrued liabilities 302,536 237,127
Current portion of capitalized lease obligations 45,896 41,962
Current portion of equipment financing obligations 18,204 16,362
Current portion - deferred rent 17,949 17,949
Total current liabilities 612,435 811,954
Capitalized lease obligations, net of current portion 105,966 140,897
Equipment financing obligations, net of current portion 50,538 64,431
Deferred rent 227,953 230,521
Other long term liabilities 7,350 7,350
Total liabilities 1,004,242 1,255,153
Commitments and contingencies
Series A convertible, redeemable preferred stock, $.001 par value, 4,579,346 4,579,346
5,000,000 shares
authorized, 5,133 shares issued and
outstanding; liquidation preference: $5,133,000
Shareholders' equity:
Series B convertible preferred stock, $.001 par value, 3,000,000 2,481 2,481
shares authorized,
2,481,482 shares issued and outstanding;
liquidation preference: $6,372,446
Common stock, $.001 par value, 250,000,000 shares authorized, 5,162 5,162
5,162,108 shares issued
and outstanding
Additional paid-in capital 15,785,466 15,749,955
Accumulated deficit (12,320,069 ) (12,525,668 )
Total shareholders' equity 3,473,040 3,231,930
Total liabilities and shareholders' equity $ 9,056,628 $ 9,066,429
Speedemissions, Inc. and Subsidiaries
Consolidated Statements of Operations
(unaudited)
Three Months Ended Nine Months Ended
September 30 September 30
2009 2008 2009 2008
Revenue $ 2,599,350 $ 2,532,993 $ 7,657,600 $ 7,481,467
Costs of operations:
Cost of emission certificates 560,042 515,882 1,673,285 1,579,729
Store operating expenses 1,595,521 1,541,643 4,743,112 4,551,415
General and administrative expenses 378,880 439,285 1,041,299 1,427,368
Gain on disposal of non-strategic assets (5,500 ) (51,471 ) (30,330 ) (51,471 )
Operating income (loss) 70,407 87,654 230,234 (25,574 )
Interest income (expense)
Interest income 34 226 85 1,346
Interest expense (9,910 ) (9,183 ) (24,720 ) (28,160 )
Interest expense, net (9,876 ) (8,957 ) (24,635 ) (26,814 )
Income (loss) from continuing operations 60,531 78,697 205,599 (52,388 )
Loss from discontinued operations -- (53,928 ) -- (272,121 )
Net income (loss) $ 60,531 $ 24,769 $ 205,599 $ (324,509 )
Basic net income (loss) per share from continuing operations $ 0.01 $ 0.02 $ 0.04 $ (0.01 )
Diluted net income (loss) per share from continuing operations $ 0.01 $ 0.01 $ 0.02 $ (0.01 )
Basic net income (loss) per share from discontinued operations $ -- $ (0.01 ) $ -- $ (0.05 )
Diluted net income (loss) per share from discontinued operations $ -- $ (0.01 ) $ -- $ (0.05 )
Basic net income (loss) per share $ 0.01 $ 0.00 $ 0.04 $ (0.06 )
Diluted net income (loss) per share $ 0.01 $ 0.00 $ 0.02 $ (0.06 )
Weighted average common shares outstanding, basic 5,162,108 5,162,108 5,162,108 5,162,108
Weighted average common shares outstanding, diluted 9,439,606 9,439,606 9,439,606 5,162,108
Speedemissions, Inc. and Subsidiaries
Consolidated Statements of Cash Flows
(unaudited)
Nine Months Ended
September 30,
2009 2008
Operating activities:
Net income (loss) $ 205,599 $ (324,509 )
Adjustments to reconcile net income (loss) to net cash provided by
operating activities:
Depreciation and amortization 240,546 256,340
Gain on disposal of assets (30,330 ) (51,471 )
Share based compensation expenses 35,511 141,422
Changes in operating assets and liabilities:
Other current assets (6,347 ) 31,329
Other assets (850 ) (3,750 )
Accounts payable and accrued liabilities (205,296 ) (138,166 )
Other liabilities (2,568 ) (7,169 )
Net cash provided by (used in) operating activities 236,265 (95,974 )
Cash flows from investing activities:
Proceeds from disposal of assets 30,330 120,407
Purchases of property and equipment (64,435 ) (184,927 )
Net cash used in investing activities (34,105 ) (64,520 )
Cash flows from financing activities:
Payments on financing obligations (12,051 ) (10,465 )
Payments on capitalized leases (30,997 ) (26,994 )
Net cash used in financing activities (43,048 ) (37,459 )
Net increase (decrease) in cash 159,112 (197,953 )
Cash at beginning of period 512,492 804,662
Cash at end of period $ 671,604 $ 606,709
Supplemental Information:
Cash paid during the period for interest $ 23,288 $ 28,161
Non-cash Investing and Financing activities:
Non-cash asset additions for financed and capital leases $ -- $ 31,425
SOURCE: Speedemissions, Inc.
CONTACT:
Speedemissions, Inc. Michael Shanahan, 770-306-7667 Chief Financial Officer
Copyright Business Wire 2009
-0-
KEYWORD: United States
North America
Georgia
INDUSTRY KEYWORD: Automotive
General Automotive
SUBJECT CODE: Earnings
HESG is reversing to the upside here