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.
DISCLAIMER: I am NOT a registered investment advisor or broker/dealer. Do NOT misconstrue my opinions as BUY or SELL recommendations for the securities I may mention. Consult a licensed professional and make your own investment decisions.
