On the day you made this post the stock was trading at .0014
Today the BID is over 3X the price. Not only that, its had a run to .019 which is over 13X that price
RIDDLE ME THIS. HOW MANY STOCKS ARE YOU HOLDING THAT HAVE GONE UP 3X YOUR PRICE IN THAT LAST 2 YEARS?
I'm not suggesting you or anyone else by this stock. I merely decided to park some of my money here believing that it will do better here than in the bank.
I'm a big boy. I know penny stocks can go to ZERO. I have dozens of them that have.
If you know anything about this business you know the revenues were not and are not ZERO.
Here's there last news release:
Speedemissions, Inc. Provides Second Quarter 2019 Financial Results
ATLANTA, Aug. 14, 2019 (GLOBE NEWSWIRE) -- Speedemissions, Inc. (OTCPK: SPMI, the “Company”), a retail brand offering consumers automobile emissions testing and safety inspections, as well as the owner/operator of Auto Recycling of Montgomery today announced its unaudited financial results for the period ended June 30, 2019.
Second Quarter Ended June, 30, 2019 Unaudited Financial Highlights
For the period ended June 30, 2019 total revenue was $1,707,496 vs $1,710,448 for the same period in 2018. This static revenue was the result of a store lease expiring and not being renewed as the property was sold. Same store emissions testing revenue increased 1.9% or $32,000 while auto recycling revenue increased by $2,000.
Total operating expenses were reduced 9.3% or $81,328. Consolidated station operating expenses decreased 7.8% or $76,572 with General and Administrative expenses declining 1.5% or $4,756.
The Company’s net profit for the period-end June 30, 2019 was $108,689, as compared to a net profit of $45,387 for the period- ended June 30, 2018.
This net profit was attributed to $24,583, in other income from de-recognition of aged payables. This non-recurring gain was partially offset by a $21,904 operating loss from auto recycling, yielding a net profit from continuing emission testing operations of $108,689, for the period ended June 30, 2019, as compared to 45,387 for the same period last year. ABOUT SPEEDEMISSIONS, INC. Speedemissions, Inc., based in Atlanta, Georgia, is a national brand offering our customers quick and efficient emissions testing and safety inspections as required by law. The Company is in the, Atlanta, GA. and St. Louis, MO. markets. The Company hopes to expand its business model by its recent announcement of acquiring an auto salvage yard. For more information visit: www.speedemissions.com.
ABOUT AUTO RECYCLING OF MONTGOMERY Speedy Operations, Inc. (a wholly owned subsidiary of Speedemissions) is an Auto Recycling of Montgomery. Auto Recycling of Montgomery, a full service auto salvage yard, that became operational in November 2017, after being closed for over three years. The company dismantles cars purchased through the insurance auctions and sells the OEM parts to auto repair garages, auto body shops, the general public and is developing an internet based sales platform. In addition to being an Automotive Dismantler and Parts Recycler, the company is a Motor Vehicle Rebuilder, Used Motor Vehicle Dealer and Motor Vehicle Wholesaler.
