Matthew Flemming - SMG Industries Chairman of the Board, CEO

SMGI Stock  USD 0.0002  0.00  0.00%   

Chairman

Mr. Matthew C. Flemming is Chairman of the Board, Chief Executive Officer of the company. He was the Chief Executive Officer of MG Cleaners since June, 2017. Previous to that, Mr. Flemming was a consultant for a financial restructuring firm and a financial advisor to a private closely held oilfield services company during 2016 and early 2017. From June 2011 to March 2016, Mr. Flemming was the Chief Executive Officer, Treasurer, Secretary, and Chairman of the Board of HII Technologies Inc. HII Technologies was a Houston, Texas based oilfield services company with operations in Texas, Oklahoma, Ohio and West Virginia focused on commercializing technologies and providing services in frac water management, safety services and portable power used by exploration and production companies in the United States. During his tenure at HII, the Company acquired three frac water management companies and started up two other operating subsidiaries driving monthly revenues from nil in August 2012 to 4.2 million by its peak in December 2014. In 2015, HII experienced significantly reduced customer activity and oil gas pricing levels creating an industry downturn pressuring its covenants with its debt with its senior lenders. On September 18, 2015, HII Technologies filed voluntary petitions for reorganization under Chapter 11 of Title 111 of the U.S. Code in the United States Bankruptcy Court for the Southern District of Texas Victorian Division. On April 15, 2016, the bankruptcy court entered an order confirming HII Technologies Plan of Reorganization. This plan became effective on May 20, 2016. Previous to that, from 2009 to 2011, Mr. Flemming was Chief Financial Officer of Hemiwedge Industries Inc. a proprietary valve technology company with oilfield applications that was sold in 2011. From 2005 to 2009, Mr. Flemming was Chief Financial Officer of Shumate Industries, Inc., an oilfield manufacturing company and successor of Excalibur. since 2017.
Age 54
Tenure 7 years
Phone713 955 3497
Webhttps://www.SMGIndustries.com

SMG Industries Management Efficiency

The company has return on total asset (ROA) of (0.1198) % which means that it has lost $0.1198 on every $100 spent on assets. This is way below average. SMG Industries' management efficiency ratios could be used to measure how well SMG Industries manages its routine affairs as well as how well it operates its assets and liabilities.
SMG Industries currently holds 17.16 M in liabilities. SMG Industries has a current ratio of 0.6, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist SMG Industries until it has trouble settling it off, either with new capital or with free cash flow. So, SMG Industries' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like SMG Industries sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for SMG to invest in growth at high rates of return. When we think about SMG Industries' use of debt, we should always consider it together with cash and equity.

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SMG Industries Inc. operates as a transportation company in the United States. SMG Industries Inc. was incorporated in 2008 and is headquartered in Houston, Texas. Smg Indium operates under Oil Gas Equipment Services classification in the United States and is traded on OTC Exchange. It employs 258 people. SMG Industries [SMGI] is a Pink Sheet which is traded between brokers as part of OTC trading.

Management Performance

SMG Industries Leadership Team

Elected by the shareholders, the SMG Industries' board of directors comprises two types of representatives: SMG Industries inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SMG. The board's role is to monitor SMG Industries' management team and ensure that shareholders' interests are well served. SMG Industries' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, SMG Industries' outside directors are responsible for providing unbiased perspectives on the board's policies.
Steven Madden, Chief Director
Jason CPA, Co Controller
James Frye, Pres Director
Matthew Flemming, Chairman of the Board, CEO

SMG Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet is not an easy task. Is SMG Industries a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Currently Active Assets on Macroaxis

Other Information on Investing in SMG Pink Sheet

SMG Industries financial ratios help investors to determine whether SMG Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in SMG with respect to the benefits of owning SMG Industries security.