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So a Feb. PR stated 2 letters of intent were being worked. One of which was Miami. He stated Miami would be signed by or before Q1 and open by Memorial Day. Again, I will be looked at as a hater for believing his word. When he states dates and misses them it's ok, it's the Iintention right guys? Go ahead and hype this PR everyone, great news is in there. And the revenue reported? You all should be very curious where that revenue came from. His few locations did not generate that much revenue, and there was no mention of any marketing partnerships. IMO I tend to believe those that think it came from the selling of stock. Not good. Please, anyone, show me anything Jim has done since he took over this company that has resulted in a positive.
When you email him ask how Miami is coming. As stated in his Feb. PR he said Miami would be signed and done on or before end of Q1 and then open by Memorial Day.
There have been many different players heading that company, Jim more recently. Hard to see trends when the company changed focus so many times. There are however trends with Jim. Many promises with little to no results. Stated in a PR dated Feb. 12, 2013 he stated he had 2 letters of intent being worked. The Miami deal was one of them and he stated the deal would be closed before or by end of Q1. Where is it? Last year Indianapolis was suppose to be open by Memorial Day, this year its Miami. See a trend? The stock has potential, all we need is an uptick and we double our money. That would be tremendous. Unfortunately, this story has been read year over year. I agree, I think this company has potential, I just think the focus needs to be on actually running the company. When he acquired ATYG and started focussing on this company as a stock rather than a company I feel, IMO, he is in over his head. He is a one man operation. He is running ATYG, Racing Limos, ZMJ Advertising, and trying to open a sports complex. How can he focus on anything.
Don't forget he failed at running his own 3 territories. A big part of running a franchise is to duplicate your own success. And Mike Landfer, do you ever wonder how much old debt is left and why there is so much? Does anyone even know who owns this debt and why they are owed money in the first place?
I don't believe his other company, Zmj Advertising is part of ATYG. Reading past posts from him and also reading all the info listed with ATYG and financials we are.able.to piece together that some of the debt was Racing Limos paying ZMJ for the 3 locations previously operated by Jim. Jim originally operated his locations under the ownership of ZMJ. So, ZMJ pays him a salary, Racing Limos pays him a salary, and I would think ATYG pays a salary as well, all of which is completely legal because at any given point he is wearing different ownership hats. I am curious as to who Racing Limos pays for consulting because it is quite a bit of money. It would make sense it would be ZMJ but that's just my opinion.
Until Jim's companies produce solid revenue there will always be debt. He is pulling a salary from all of his companies and all his companies have expenses like rent, which he pays to himself. Those unpaid salaries and expenses now are debt owed by all the companies.
The ATYG investors that have been here a while have known those numbers for a while. That's why we were disappointed to see Jims 3 personal locations go under. Those 3 locations would have brought in more revenue to corporate, thus ATYG would show show more as well. It's hard to accept the 250,000 salary Jim is bringing in with such low revenue and high expenses. It's good to see enthusiasm with the newer investors but if you due some DD and look at the LTE ious years PR's we have been here before with the big news coming. It's time for some results.
Just trying to add more Ingo to what you posted, those fees from.all locations total less than 12k a year and the ad fund total is about 3k a year. That info was posted here last year. And, the previous CEO already had an international location.
This always moves higher, to .0002, many make a lot of money, then it falls back to .0001. How is anian being a basher if he is stating facts? Look back over the history of the company and the stock. There are many that have been burned by this stock. Every year here has started the same way, big things coming. Indianapolis was opening soon, then altering dragged along there was no more mention. Miami was coming too. People on the board were actually posting they'd seen limos in Miami and that the business was doing great. Only thing was, the business never opened. Forgive some of us that aren't jumping for joy every time Jim says something big is coming.
Based on previous years performance and PR's, IMO, Jim.will continue to say things are just around the corner, Jim will.continue to earn more than his company makes in revenue, and people.will still.continue to hype the stock and company based on speculation based on promises made by Jim that as of yet have never come through. I hope he proves me wrong because many people here could benefit tremendously.
I, nor anyone else, has said otherwise. Yes, there are operating franchises,, none of which are being operated by Jim anymore. Again, my comments were towards someone saying they saw limos being driven where Jim lives, in Dover, NH. Corporate is located at his home, which is also where his other company, ZMJ, is located as well.
Throwin, what is your point? That location was one of the first locations to open under the old ceo. My point was made about a comment of someone seeing a Racing Limo driving around New Hampshire. Jim at one time operated a l ocation in New Hampshire, Boston, Mass., and Ft. Meyers. All of which are closed, so either the person was mistaken on seeing the limo or it was years ago.
Anian, its a shame more people aren't concerned with that info. The company does not make nearly enough in revenue to cover those expenses so, every year what is owed to him becomes debt the company owes, thus, the result is printing more shares die to old debt.
As to your question about leasing space in your house, sure you can. Do search of the business address, it's a residential neighborhood. You can even look at a street view as well. If you read into the assets it's intangible. He bases the value mostly on the patents and copyrights. Past message board posts have revealed quite a bit about this company. Do a search over all past PR's and you will see a trend. Lots of big stuff coming but it never comes to fruition. I hope things start at some point because the upside here is tremendous but basedon past performance it is unlikely IMO.
Throwin, Jim used to post on here as Jimnh and a previous president Tyler used to as well, he was tylerlibby, and check out Patsfan1000 for more posts. Sounded like Patsfan1000 had actual knowledge of his the business was being run. Very interesting posts.
It was on this very board. Jim told everyone he closed his locations cause they weren't doing well cause he wasn't spending enough time with them and he wanted to spend more time with corporate. If they were successful he would have been able to hire someone to run them.
It would be nice to know how long ago because it has been known for a while on this board and by Jim himself his locations went out of business a long time ago. . His corporate offices are located in his home, which I don't have a problem with per say but its not a location you can just visit. Just use caution when talking this company up. Jim does not have a solid foundation to be building on. There are many cracks, one of which is that he operated his own locations with his new business model and they failed.
Your bud must have a good memory. Jim has not had any limos for quite a while. His personallications went out of business, all three of them.
Don't forget, a lot of the old debt is Racing Limos buying back the 3 territories from ZMJ Advertising which is just Jim paying Jim. He paid little to nothing for the 3 and now he is getting paid top dollar for the territories, which of course Jim gets to make up the value himself. Listen, I was a fan of the concept of the company, and when the stock price bounces from .0001 to .0002 and then back to .0001 it is an opportunity to make some quick cash bit when people think this company is going to make 25 million in revenue I just have to laugh.
He has to sell shares to pay his huge salary, rent to himself, expenses, and consulting fees, which is as high as his salary and IMO may be going to him as well since he owns an advertising agency. James has made a nice little income with a company that so far has just been a long line of promises. His 3 territories went out of business and yet he makes more by doing so. Pretty good deal if you ask me IMO.
Jim does not need this company to be successful to make money. He makes more than his company makes every year, and gets paid rent, and gets paid other expenses. Jim has another company that he runs that is an advertising agency. He needs that to make money, not ATYG. Just my opinion but I dare say the consulting fees that ATYG pays out are going in his other pocket with his advertising agency. Again, ATYG has lost money year over year and he still is getting laid 250,000 just in salary.
How else was Jim going to get paid? The company didn't make what his salary is. Don't forget too, the company also pays Jim rent for.the corporate office in his house. He is getting paid pretty well for his efforts. Without funding Jim will do the same thing this year as well IMO. I understand the intent of penny stocks is to predict what will happen in the future of a company but honestly, shouldn't part of that decision be based on prior history as well? Jim, IMO, doesn't really have a solid history to base anything on except for a bunch of promising PR's with absolutely no results.
Jim operated his own territories under the "New" business plan. The previous owner seemed to operate with a 50/50 limo rental and advertising format where Jim is looking for mostly or all advertising. Don't forget, Jim's territories were in Boston, Ft. meyers, and New Hampshie. All really good areas for advertising. New Hampshire even has a NASCAR track less than an hour from corporate and he couldn't get anything going with them. IMO, stay very skeptical. The stock still has potential to make a few more quick bucks IMO, it won't hurt to stick around a little longer but I believe the long term has passed us by.
People here are not interested in that. It's the talk of what COULD happen here that has moved the stock. This company has seen nothing for growth since Jim took over. Granted, he has reported earnings increases but he uses percentages of reporting franchises , which is a true statement but the number of reporting franchises has decreased. Stick to the quick gains here with the stock IMO and forget about the growth of the company. There has been some good money made if you pay attention to the day to day trading and forget about being in for the long run.
If this business is, as Jim says, recession proof, then how did his 3 locations fail? IMO, he needs to sure up business at home before he spreads all over the world. He has yet to proove he can run any sort of a business let alone an international one. The foundation needs to be solid before building on it. Just my opinion.
I agree they are two different things, but can you see the frustration of some here? He blames the shareholders as a group for reading into his PR's as facts.Pretty straight forward PR last year about a location opening. No follow up. I would rather Jim stop dreaming up all the grand ideas of multi million dollar enterprises and just focus on getting some momentum going. He failed at running his own locations and shut them down. He is only one man, he can't possibly be successful at the many things his fingers are in IMO. Maybe he will prove us wrong.
So when last April there was a PR stating specifically that Racing Limos America was opening a location in Indianapolis mid 2012 and the stock shot up and then when nothing opened in Indianapolis mid 2012 it was the shareholders fault for reading what was in the PR as fact. We have heard nothing since about that location. Those.pesky shareholders.
It's funny you call it a management team, a team takes more than one player The PR's are now just a repeat of last year and the year before. Although, this time last year we were holding on to news that Jim had a presence at the superbow. l
Jim took stock for his back salary. He has however said Racing Limos is working on paying back ZMJ for the territories it once owned. It is convenient that he is able to set the price for said territories.
Millions in revenue is what you read this morning, its what we read last year at this time and the year before. Jim said this business was recession proof. Just trying to be a realist. Every year there is a reason why it didnt work but stick around cause next hear will be better. Thus stock has made people money on day to day trading, IMO there is nothing substantial ling term except Jim lining his pockets with rent and consulting fees and old debt.
News is not fresh. It's the same news we have been told year after year. Read the previous years PR's. We have been told millions in revenue coming now for a couple of years. IMO this just keeps people interested just a little bit longer. There has yet to be a PR that had actual accomplishments on behalf of this company, everything has always been possibilities in the future.
Have you ever wondered what that old debt actually was? It would seem most of it is just simply Jim paying Jim in one form or another. He has Racing Limos paying ZMJ for the territories he once operated but has since closed. He can pay himself anything he wants cause he is the one that sets the price.
I'm curious as to who the "we" is. There is just Jim at ATYG. Maybe its the 5 figure consultants he is paying. Oh wait, IMO my money would be that the consultant is actually himself wearing a different hat that says ZMJ, which is also him. We have waited a long time for something substantial to happen here. Please let it happen soon. Losing patience here.
IMO Jim looks to be paying himself quite well. He is getting rent, consulting fees, and getting paid for the territories he once owned that are no longer active, in addition to getting paid as CEO. This seems to be working out pretty well IMO. I just hoe the shareholders start getting paid as well soon.
Some people are impatient because there has been no substantial news in quite a while. We are still waiting for financials from a couple quarters ago that were promised to be released. The forward thinking PR's always make for a good jump in the stock, its just there are very few PR's that show a follow through of anything concrete.
I don't wanna be nit picky cause it was a really good summary but the increase numbers that Jim posts are from the franchises that report to corporate, not corporate increases. There have been fewer and fewer franchise locations reporting over the past few years. We should be happy though cause IMO we will.see another 100% increase in the stock within a week or so as we always do lately.
So in your research you must have seen that he took the stock because there was not nearly enough cash to pay himself throughout the year. There were not enough earnings as well to even pay himself let alone run a business. And as to the locations being planned, just remember, Jim already owned 3 locations himself and they were closed. I agree that the PR's kick started the stock and great profits were made with the stock, but on the flip side there was a reason the stock would fall at such a drastic rate too. Like others have done here before, look at this thing for just what it is, a pretty nice little stock to make some.quick cash IMO but the company at this.point lacks some.credibility on the follow through side of things. Again, just my opinion.
Hopefully Mr. Albion will run the new company owned locations better than the previous 3 company owned locations. New Hampshire, Boston, and Fort Meyers seem to be pretty good locations, maybe he will reopen those?
You mean like financial's that were due? Have fun reading another vague explanation with no specifics and forward thinking thoughts IMO.
Subway has a proven record. The first day you open you have revenue. What does Racing Limos have? IMO Jim should have taken more time to grow this company and prove it can make money. Instead he failed at his own business plan then took the company public. By doing so he is able to pay himself a salary that is not worthy of his performance, pay himself rent, expenses, and anything else he wants all on the backs.of.the stock holders. Talk to current and past owners of.the franchises, you will.find their locations do not pay enough for.them to receive a salary enough not to have a second job. You use the example of Subway, there you have a company that was a proven succes enough to duplicate so they could franchise, the was proven again to go.further. seems IMO this CEO has it backwards.