SPO Networks Inc (SPOI)

[Midwestrader]

SPOI REVERSE SPLIT WILL HAPPEN ON 3-14-22

Signed by Tom Smith

On page 12:

[Acme Investments]

Having to stay current with filings is hurting a lot of these companies!! They have to get a business with revenue or he's right they are DOA!! Not at our expense though!! He has to think of something else!! Partner with someone or request an AS increase!!

[Acme Investments]

Have you ever told someone your plans and had to face public opinion?? You must remember we are the ones he needs to get capital from!! Volume will dry up if he loses favor with shareholders!! He thought he could just slide it in like old times!! RS'S have become harder to get done!!

[Acme Investments]

Shareholders are much more hands on now that gains are few and far between!! He better think twice because he will kill his opportunity to get capital from the market!! I say he going to fold up!! No RS!! Watch us fly!!

[OTCPennyTrader]

Then what would be the purpose of announcing it? To mislead certain investors that held a lot of shares? I would love for him to cancel it. It’ll give my attorney more ammo. I dare him to do it!

[Acme Investments]

I think the market is full of twists and turns!! Until I see the split I don't think it's happening!!

[Tom Smith Tom Smith]

https://www.otcmarkets.com/otcapi/company/financial-report/321521/content

[OTCPennyTrader]

Oh wow he said lots of opportunties on the table. Find me one OTC CEO that hasn't said that in a PR... give me a break.

And today's PR clearly says his reason for the RS is the states won't allow cannabis companies to be pink sheet stocks.

Find me that "regulation", that's the real crock of s***. I looked into it this morning as soon as I saw the PR. He's coming up with excuses to explain why he's doing such a big RS.

[OTCPennyTrader]

CEO TOM's real reason for the RS was to eliminate larger shareholders, of which I was one. I know exactly what his intentions are here. The float was absorbed and he couldn't get his stock to move up, and he was done throwing $ at it to move it up, and those of us who owned six figures worth of stock were competition in his eyes for when he wanted to sell off his shares which included 700 million shares that he bought in his ETrade account.

As I said, this was a dick move to eliminate large investors that he determined were in his way, and the 1:1000 RS and convertible note to himself was the perfect way of shielding himself and his $$ investment from a plummeting PPS post RS news and RS.

It keeps him in full control of everything.

Smoke and mirrors.

[Tally-ho]

According to today's press release he has many opportunities on the table for expansion/acquisitions: "we are actively exploring potential acquisitions and opportunities in diversified industries, including an established revenue-generating waste/recycling subsidiary, medical and recreational cannabis and genetic seed operation".
SO, saying that the whole future of SPOI is finished without an RS is, oh let's just say is a very creative "crock of shit" at best.

[Midwestrader]

That RS is a done deal. As I've said before I have an ongoing list in my Ihub Monitor with 35-40 reverse split stocks. 99% of them become WORTHLESS over the time span of a few weeks/months.

My fave is one that split to 26.00 per share and now trades at 0.90 per share. That split took place 12/15/21. Shareholders have been wiped out,but they were warned.

[OTCPennyTrader]

The R/S is a requirement to do business according to today's PR:

Many companies entering into the market face banking and other hurdles in some states. In fact, several states will not allow a pink sheet penny stock company to own or operate a cannabis business. The reverse will make the path achievable for the Company.

So what CEO TOM is saying is the R/S is a requirement in order for SPOI to operate. In other words, if he cancels the R/S, then the whole future of SPOI is off the table.

Unless CEO TOM LIED about that above...

What do you think..?

[Tally-ho]

He still has time to rescind that R/S, I've seen it happen many times before in OTC land. If he doesn't, I can tell you that no one in my network of traders (and their vast network of traders) will ever touch anything he has to do with ever again.

[OTCPennyTrader]

His rep will change after shareholders see what he does with his massive convertible note.

3.9 BILLION at the current PPS .0007 is $2.37MM
3.9 BILLION at the close PPS of .0038 before the R/S news day was $14.8MM

After the R/S and the price continues to fall, shareholders will see their accounts bleed.

CEO TOM's value of his note won't change because of the conversion clause. If he gives himself a healthy discount, he'll make even more $ when dumping on shareholders.

Like I said, dick move from a run of the mill OTC CEO.

[Tally-ho]

"Even if CEO TOM cancels, his rep is TRASHED"....marred somewhat perhaps but the sp would undoubtedly rocket which over time, especially if he can execute on his plans, which would go a long way towards restoring his credibility.

[OTCPennyTrader]

OTCQB only requires .01 PPS. SPOI hit .0099 on 6/16/2021. A 1:1000 RS right now will put the price at $0.60.

A 1:1000 RS coupled with a 3.9 BILLION CONVERTIBLE NOTE for CEO TOM is the perfect recipe for a dilution machine. Ignore the smoke and mirros in the PR. He had a chance of building it up, and he ruined it.

[OTCPennyTrader]

Even if CEO TOM cancels, his rep is TRASHED. As I said, damage has been done.

[Tally-ho]

If he doesn't reverse that move his reputation with this company going forward will never recover and no one will be buying into that uplist "hype" either.

[OTCPennyTrader]

Damage has been done! Dilutors killed the stock the day of the RS announcement, and they are still on the L2's too. This was a nice thin stock with a lot of opportunity, and it has been trashed this week after R/S and 3.9 billion share convertible note agreement done by the CEO to the CEO lol

There are no shares being canceled per the PR. Only "converted" into a note to later be converted back. If they were truly canceled, why wouldn't CEO TOM just cancel them? That's the real issue here.

Supposedly he wants to grow the company, and even if he just retired his shares the company would grow and demand a higher PPS since the market cap would have been cut in half with the cancellation.

The thing is CEO TOM KNEW the RS news would KILL the stock price, which is why HE IS ISSUING HIMSELF a note to shield him from the price tanking 80% in ONE DAY.

For previous loyal investors, this dick move cost everyone a TON of money. And HE KNEW THAT WOULD HAPPEN, which is why there's a convertible note involved to himself in the first place.

CLASSIC SCREWY MOVE FROM A SCUMMY CEO.

[Tally-ho]

Hi Tom, I'm hoping you'll re-consider that upcoming reverse split you've alluded to in your recent filing.
I've been doing this a long time and I can tell you that the idea of doing a R/S for the purpose of uplisting is great in theory but in the longer term it will destroy the overall market value of your company. What will most likely happen will be that right after the split, market makers will pound the stock price into oblivion for days on end until it winds up not that much higher than where it is today.
Additionally, your company's reputation may take years to recover from a set-back of this magnitude.
In my opinion, letting your stock price grow organically due to all the profit-generating acquisitions and build-outs you're planning would, in the long term, generate a much higher market value then if you should proceed with the planned reverse split.

[okiearki]

These allow the Cannabis development projects to continue to be developed until such time as they can be brought into SPO Networks.

I do not know all the legal ramifications for each of these states, but I can only imagine the difficulty of dealing with all those different government entities.

[36Knuckle]

He continued: "I have created several Special Purpose Acquisition Companies

The Special Purpose Acquisition Companies have been formed in Arkansas, Colorado, Oklahoma and New York. New Jersey, Connecticut and New Mexico are in process.

The Special Purpose Acquisition Companies allow operations to occur within the rules of the regulators of the state in which the project is located. This allows operations to be streamlined during the company (SPO Networks Inc.) meeting the eligibility requirements for the upgrade in preparation of acquisitions of the operations.

What is all this SPAC talk? Is Tom the money man for this SPAC? SPAC's have not had a good rap lately...why use that term here? Pretend I'm 12yo...

[okiearki]

https://www.otcmarkets.com/stock/SPOI/disclosure

Everyone should take a few minutes read the posted disclosure. Link provided above. Everything will take place on 3/15. Reverse split, Tom's stock transfer and the finalization of the note.

It all makes sense to me. So, until 3/15. In the meantime, we will see where this goes.

[prowler3701]

Are the details of the note going to be posted prior to the reverse split??

TIA

[Midwestrader]

That date will no doubt be well past the reverse split date.

Why are you waiting 20 days to post your convertible note? It's literally a 1-2 day process to retire your shares and issue a note, submit to your TA and get it on their books.

[Stockboss724]

LETS GO TOM! AWESOME NEWS!

[OTCPennyTrader]

Why are you waiting 20 days to post your convertible note? It's literally a 1-2 day process to retire your shares and issue a note, submit to your TA and get it on their books.

Or is this convertible note not a for sure thing yet?

I put March 15 on my calendar BTW. If you decide to post it earlier, then great.

[Midwestrader]

The 1 for 1000 REVERSE SPLIT could happen as early as 3/8---3/9.

Think people will pay 50-70 CENTS for one share of SPOI? What's the incentive?? Because they pulled an RS??

[Tom Smith Tom Smith]

https://www.otcmarkets.com/stock/SPOI/disclosure

The note will be posted March 15th.

[OTCPennyTrader]

HEY CEO TOM SHOW US YOUR 3.9 BILLION SHARE CONVERTIBLE NOTE AGREEMENT!!

How is this going to HELP shareholders?

[OTCPennyTrader]

Also if this is true and CEO cancels the R/S, then you could say that the marijuana business for SPOI won't happen since this R/S is a requirement to pursue MJ

[Midwestrader]

States will allow ANYONE who can breath to get a permit as long as they pay the FEE,which can be $2500.00 and up. Smith needs to provide a link to where Colorado doesn't allow a permit.


Funny,he claims he has a PERMIT because he CLAIMS he has an MJ operation..so how did he get it?

[Midwestrader]

Such BS......Trying to justify taking 999 shares away from each 1000 shares held by SPOI shareholders while hiding HIS 4 BILLION SHARES in a "note" until the all clear sounds and he converts it back.

99% of ALL reverse splits go SOUTH. I have a long list of them starting over a year ago.

No one will pay 1000x the pps for SPOI the day after the RS just because some paperwork got filled out and a few mouse clicks took place. It takes PROFIT to make that happen,not BS REVERSE SPLITS.

[OTCPennyTrader]

Several States Will Not Allow A Pink Sheet Penny Stock Company To Own Or Operate A Cannabis Business

I'm not finding the validity of this - I'd like to see where it is. This is supposedly the reason for the 1:1000 RS so I'd like to know.

[okiearki]

NEWS!!!

https://www.otcmarkets.com/stock/SPOI/news/SPO-Networks-Inc-SPOI-Releases-A-Management-Discussion-Of-The-Pending-Reverse-Stock-Split?id=345273

SPO Networks, Inc. (SPOI) Releases A Management Discussion Of The Pending Reverse Stock Split
Press Release | 02/25/2022
Several States Will Not Allow A Pink Sheet Penny Stock Company To Own Or Operate A Cannabis Business And Company Also Plans To Submit Our Application To OTC To Upgrade From Pink Sheets To OTCQB With Plans To Upgrade To OTCQX

FARMINGTON, AR / ACCESSWIRE / February 25, 2022 / SPO Networks, Inc. (OTC PINK:SPOI) ("SPOI" or the "Company"), a publicly-traded company that is actively exploring potential acquisitions and opportunities in diversified industries, including an established revenue-generating waste/recycling subsidiary, medical and recreational cannabis and genetic seed operations entity with the expectation of rapid expansion in the cannabis industry utilizing a proprietary vertical market from cultivation facilities, to wholesale and retail dispensaries, recently announced that it is intends to engage in a reverse split of 1 (one) to 1000 (one thousand) split of the Company's common stock and today Management Discusses the reasons for the procedure.


Tom Smith, the Company's CEO and majority shareholder, said: "We are taking these steps so that the Company can be in a better position to focus on building out our quickly emerging cannabis business.

This action is a leap in the direction SPO Networks, Inc. must take to move forward in the Cannabis sector.

Many companies entering into the market face banking and other hurdles in some states. In fact, several states will not allow a pink sheet penny stock company to own or operate a cannabis business. The reverse will make the path achievable for the Company.

Plus, we also intend to submit our application to OTCMarkets to upgrade from Pink Sheets to OTCQB with plans to upgrade to OTCQX and the reverse will also help in that transformation."

He continued: "I have created several Special Purpose Acquisition Companies

The Special Purpose Acquisition Companies have been formed in Arkansas, Colorado, Oklahoma and New York. New Jersey, Connecticut and New Mexico are in process.

The Special Purpose Acquisition Companies allow operations to occur within the rules of the regulators of the state in which the project is located. This allows operations to be streamlined during the company (SPO Networks Inc.) meeting the eligibility requirements for the upgrade in preparation of acquisitions of the operations.

Colorado:

One (1) Recreational Cultivation is in operations now.

Letter of intents issues for three (3) Recreational Retail Stores.

Letter of intents issues for two (2) Recreational Cultivation Operations.

Oklahoma:

One (1) Medical Cultivation is under construction, OMMA license issued.

One (1) Medical Processor (extraction) is under construction, OMMA license issued.

New York 130,000 square foot facility under contract, New York regulations pending.

Acquisition Time Frame
Once SPO Networks, Inc. has been approved by OTC to become a QB rated business the stage will be set for the acquisitions of the Special Purpose Acquisition Companies. These transactions will be swift.

A large sector of what SPO Networks, Inc. is creating will be is organic growth. This is being accomplished by entering into new markets organically rather than entering by acquisitions."

Tom Smith is the single sponsor of these companies, there are no investors or warrants to dilute the shares.

The Company will issue additional announcements as the process proceeds.

SPO Networks, Inc.
SPO Networks, Inc. is actively exploring potential acquisitions and opportunities in diversified industries, including solid waste, scrap metal recycling and demolition with special waste remediation. Additionally, SPO maintains the belief that patients and customers have a right to high quality, economical, and clinically-validated cannabis products. Towards this, SPO aims at medical and recreational cannabis and genetic seed operations with the expectation of rapid expansion in the cannabis industry. SPO is developing its cultivation facilities for extraction operations, wholesaling of cannabis and cannabis extracts in Colorado to licensed retailers and wholesalers. Eventually, the goal is to expand to retail product manufacturing and dispensary operations in several states, allowing SPO to offer a pricing strategy that will be attractive to consumers large and small.

For more information, please go to: https://www.spoinow.com .

FORWARD-LOOKING STATEMENTS:
This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to future events, including our ability to raise capital, or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

For a discussion of these risks and uncertainties, please see our filings with the OTC Markets Group Inc. Our public filings with the OTC Markets Group Inc are available from commercial document retrieval services and at the website maintained by the OTC Markets at https://www.otcmarkets.com/stock/SPOI/disclosure

CONTACT:
www.spoinow.com
479-443-6000
[e-mail]

SOURCE: SPO Networks, Inc

[MontanaRealtyCompany]

Reel it on in good buddy

[Stockboss724]

I wish I knew what you were talking about!

[Acme Investments]

I caught Moby dick!!

[Acme Investments]

Seeking alpha is the king of hit pieces!! I never believe anything they print!!

[Acme Investments]

Thanks!! Trading very thin!! Good news runs this right back up!!

[okiearki]

Welcome!!!

[Acme Investments]

I'm in!! Gotta find action somewhere in this market!!

[36Knuckle]

Looks like we have bigger fish to fry than this little glitch...Hope you all have a oil/miner in your port...GLTA

[Midwestrader]

One thing that will happen to those who hold share through the split is their shares won't be tradable for 2-4 days after the split. It depends on their broker and how quickly they do the paper work.

The pps can drop and all you can do is watch it. As an added bonus most all brokers charge a fee to reduce your shares by 1000x. I think it's usually around $35.

[okiearki]

I think you will be ok.

[36Knuckle]

I wasn't debating the OS...all the other stuff is from OTCM filings...let's see what happens with the RS...I'm a bag hodler at this point...

[Acme Investments]

Ahh, the allure of the OTC!! Hopes of some stock whisking them off to a beautiful retirement!!

[okiearki]

Where do you get the information regarding stock sales? I suspect that when the AUDITED 2021 Annual Report comes out, we will see the same.

AUDITED
2020 Annual Report
For the Period Ending: December 31, 2020
(the “Reporting Period”)
As of December 31, 2020, the number of shares outstanding of our Common Stock was:
8,336,207,783

2021 Third Quarterly Report
For the Period Ending: September 30, 2021
(the “Reporting Period”)
As of September 30, 2021, the number of shares outstanding of our Common Stock was:
8,336,207,783
As of June 30, 2021, the number of shares outstanding of our Common Stock was:
8,336,207,783

[Stockboss724]

Definitley was not about you :) sorry if it came off that way. Agreed, I am picking up on any dip.

[MooseMan555]

I am not sure if that was about me, but I just picked up an extra 2M shares. Like alimony, the theme song is "Keep it coming, love" I want to retire and Tom is going to help me do that, IMHO!