Speedemissions Inc. (SPMI)

[Lazarus]

The CONS are and have been obvious for years / the PROS are:

* Company looks to have bottomed and is beginning to get a handle on managing what has survived.

* debt is being addressed and gradually reduced without any shareholder dilution

* at .003 the market cap is ~ $350k with revenues over $3 million annually.

* although the company has ceased filing the CEO is not totally ignoring shareholders -- thus the news release.

Its been many difficult years for the company and CEO but this statement from the press release indicates to me that the CEO probably really does want to turn things around for shareholders:

With our core business on a steady track and our new salvage yard business opportunity, we’ll continue to focus on achieving sustainable profitability and creating equity value for our shareholders,” added Parlontieri.
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I suspect that those with patience, and by that I mean a time horizon of 3 to 10 years, are likely to be rewarded. Some of my best penny plays have been longer term holds (meaning around 2 to 15 years)
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I'm holding shares in my IRA