SPO Networks Inc (SPOI)

[Erasmus99]

Well, there are already questions arising from the little dab that we have looked at so far:

A couple of years ago, Opie hired "Little Asa" (The Governor's son) to be his lawyer. When we had the shareholder's meeting, it was hosted by Asa. What has been filed has taken forever, and personally I am not sure that Opie really is out of the picture. But, Cuntetta is now allegedly the top dog.

Highline was and under SPO networks, still is an Idaho Corporation. It was registered in Arkansas as a "foreign" corp. That is standard practice in all states, to register the other state's corporations so that they can do business in the state.

BUT, go to the Arkansas Sec of State site and we see that Mel Robinson is still there but the top dog is Cuntetta and Corbett, who I think I remember lives in Rhode Island, is the secretary. The name is still Highline and is registered as a foreign corporation from Idaho. No mention of SPO Networks.

This is where it takes a new twist in that Tom Smith, the supposed majority investor, went to Debra Winters, a lawyer in Fayetteville, AR who, according to her web site, specializes in intellectual property law, and a hodge podge of other things, and had her prepare a filing for a "domestic" corporation called SPO Networks, Inc which has 100 shares of stock. However, it was filed with the Colorado Secretary of State making SPO Networks a Colorado Corporation with its offices in Lowell, AR. (I trust that everyone's "scam-dar" is going off loudly sounding the alarm) A trip to http://www.sos.state.co.us/biz/BusinessEntityDetail.do?quitButtonDestination=BusinessEntityResults&nameTyp=ENT&entityId2=20161733267&srchTyp=ENTITY&fileId=20161733267&masterFileId=20161733267 shows that it is a Colorado Domestic Corporation, not a foreign Corporation being registered. The question is whether this is what was intended or did the person submitting the filing (Tom Smith according to the document) screw the pooch when filing and chose Colorado by error instead of Arkansas. One thing is for sure and that is that if it is a Colorado domestic corporation it needs at least a mailing address in Colorado which I do not see anywhere.

So, is this a step in the direction of its predecessors to attempt to confound creditors by making the path to who owes money difficult to track. Surprise, surprise, surprise ... changing the name will not make any liens go away. Maybe he wants his new corporation to "buy" whatever is left of the assets of HLNT corporation and begin anew. We shall see but for now I smell a very large rat.