SPO Networks Inc (SPOI)

[Midwestrader]

Eh...pull the usual 1 for 100 CON JOB reverse split. The pps goes to 7 cents and the OS drops to 110M shares. And as usual,it will be at that lofty pps for about the first five seconds of the trading day after the split. Most likely be trading at 3 cents by noon the first day and then all they way back down to trips within a month or so.

Anyone holding shares if they pull a reverse split are toast.