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2022 First Qtr Financials Posted. Net Income up 28% over prior qtr.
https://www.otcmarkets.com/otcapi/company/financial-report/333442/content
Why is that pesky yield sign up?
How did you find this information, where does OTCmarkets post these types of details? Do you happen to have a link? Thank you.
Yup, its true! No yield!!!!!
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The downgrade was due to a mistake made with the Annual Report filing of 3/30/2022 titling the report as Forth Quarterly rather than Annual. This was corrected today with a corrected filing of the Annual Report. We should see updates to OTC statis shortly,
05/02/2022 Annual Report - 2021 Annual Report For the Period Ending: December 31, 2021 12/31/2021 A
03/30/2022 Quarterly Report - 2021 Forth Quarterly Report 12/31/2021 A
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OTC updates 5-2-22
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OTC updates 5-2-22
I've warned peeps for YEARS about this ticker.
From OTC Markets today:
One way to sell 70 shares on light vol I guess...let's see if 2.80 is going to be tops since rs?
That's a fact...big fat Yield sign to prove it!
imo anyone can call, what's the problem ?
oh but is it a new business? or bringing an existing business in? and don't forget CEO Tom issued himself a very favorable note in exchange for 4 BILLION shares. don't be fooled and think this is a new business making tons of money with no debt... that's what scammy pennyland companies want you to believe.
dreamaker56
RE: Riverheaddaddy Post# 164092
Tuesday, April 12, 2022 7:53:47 AM
Post#
164094
of 164095
I also know for a fact, in all my years of trading these stupid pinkies (someday I will get out) most of the "Institutions" that fund/will fund companies do in fact look at history and will not buy into a company that has RS.
When a company does a RS, it is usually a signal that there has been some past wrong doings, financial hardship (regardless if current management is doing right)
In fact, in the paperwork to uplist, there are questions if the company had performed a RS and I believe that there is a period that they cannot uplist after a RS. It may be 1 year, but i'm not positive.
I do know a company cannot RS, then apply to uplist right away.
So it wouldn't help them in the short run to RS. Although I think it would need to be done to get this SS under control. A buyback is FAR more expensive than a RS. And regardless what any OTC company says, they DO NOT have the shareholders in best interest. That is the world of OTC.
I found this post in the wrong room...it fits here, right?
Since we all got in at the bottom...this looks good so far.
If my calculations are correct, that is a 17.74% net income of total revenue for 10 months of starting the new business.
PE of 9.85 based on 10 month earnings.
Not many OTC companies even have a positive PE, let alone a startup.
OTC DISCLOSURE & NEWS SERVICE
SPO Networks, Inc. (SPOI) Releases Q4 Financials
Press Release | 04/11/2022
The Numbers Show That For The 10 Months Ending 12/31/21, Revenue Exceeded $6.8 Million, While Pre-Tax Income Exceeded $1.2 Million.
FARMINGTON, AR / ACCESSWIRE / April 11, 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 will plans to launch a 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, released its Fourth Quarter 2021 financials on March 3, 2022.
A picture containing text, bicycle, red, deviceDescription automatically generated
The Company on November 16, 2021 previously released that it had timely filed its Quarterly Report for the Third Quarter of 2021[1]. That release showed that the Company's Pretax Income From Operations Of $2.2 Million+ During Third Quarter 2021 and that The Pretax Income Through Seven Months Ended September 30, 2021, Was $4.9+ Million.
Today's release revealed that, SPOI Q4 revenue was over $1.9 million with pre-tax income of $139,642. For the 10 months ending 12/31/21, revenue exceeded $6.8 million, while pre-tax income exceeded $1.2 million.
Tom Smith CEO of SPO Networks Inc. said: "These numbers show that we are heading in the right direction and that the Company's revenues will continue to grow during 2022. We also expect the "Yield" sign to removed shortly."
YEP! it's the beginning of the end lol
prolly would be better to actually ask Tom....
yeah, anyone can....
The financials are there on OTC Markets,have been since 3/30. There is no ticker symbol SPOI right now,won't be until around 4/26--4/29.
Have to admit this is my first pinky w/RS...so what happens next I'm at a loss...it appears my cost per share went from dubs to $6.36...
It appears that the financials did not transfer from SPOI to SPOID. It has not been very long indeed. My advice is to give it a chance to catch up. Remember, free advice is worth only what you pay for it.
Might as well change the ticker to reflect the new MJ biz...those "yield" signs can be removed in a week...up list after that...new beginnings...or "start over"! same/same!
NO LONGER PINK CURRENT and a REVERSE SPLIT?!?!?
Guess they want to run everyone off and start with a new batch of suckers??
nice...
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HR 3617 passed.
https://www.congress.gov/bill/117th-congress/house-bill/3617
Four Qtr 2021 Financials posted. Another profitable quarter.
https://www.otcmarkets.com/otcapi/company/financial-report/325437/content
So what genius thought it would be a good idea to take a stock and RS it up to 1.10 with the OTC in the doldrums right now?
It wasn't like this ticker goes BK without a RS,hell Smith's shares were worth nearly $15 MILLION the day he announced the RS--and those are just the original 3.92B.
He owns a hell of lot more than just those.
I’ve been here since hlnt and all I know is I’m extra totally screwed, at least before the split all it had to do was get to a penny and I was green…now it needs to get to $9.60 for me to break even ! Who’s going to pay that much for this stock ?
(Never been on the good side of a reverse split !)
Because the entire market is crap right now? Most investors are conservative and will give it a bit of time post RS to see what happens. I think that we will have to see some numbers and press releases before it runs up.
You've owned it for a year or so? While I haven't owned shares in over a year I've been owning/watching this stock since 2013 when it was HLNT.
What happened back then was a screw job on former HLNT shareholders who got moved to SPOI when Chad sold it to Smith for a SONG to get out of Federal tax trouble. But to get Smith his 3.92 BILLION shares (he paid $94,500) it had to be diluted by over SIX BILLION shares in one pop.
It later became skull and crossbones CE stock and couldn't be traded after Smith let it set for YEARS and YEARS. This stock was at trips one for at least FOUR years. That's after HLNT went to 0.02 a time or two. Traded at over a cent several times. SPIO finally ran in 2021 because the entire OTC came alive,then it dropped back down.
Reverse split due destroy tickers,just like being at trips 1 for four years. There have been six trades today and less than 400 shares volume. Think this "runs" on that volume? ANYONE can buy this stock right now why aren't they?
I’ve been along on this for a long time. My account has went from extreme to extreme. But weren’t you against the dilution when Tom first took over the company and now against the R/S. What is the difference? Both times you’ve claimed it would destroy the ticker
My guess is that he didn't take that move because whomever is counseling him did not suggest going that route. Who knows? The thing is that it is what it is and only time will tell. It is possible that he wants some day to get on an exchange. The possibilities are unlimited. To argue that he could have done this or that is pointless IMHO.
There were 2.8B shares in the Unrestricted and the Float. Smith could have easily lowered the AS from 10B to 3B shares without the need for a reverse split and with a simple filing with the State SOS for SPOI.
Why didn't he?
People looking to buy shares of an OTC stock don't consider 2B shares in the float a barrier to buying. But...they watch a stock which has just RS like a hawk and won't buy it because it will go down AND the share structure will once again get diluted--they ALWAYS do over time.
Well ... tactically speaking, this stock was never going anywhere as long as there were 10B shares. Now, it is poised for a reasonable value v volume and even considering the past failures of this company, it is possible that we will see significant increases as time goes on. Now then if it goes the other way,I will adopt the position that our current president takes every other day and say that I never said that ...
Not a problem. My posts about reverse splits are ALWAYS concerning shareholders who 99% of the time get wiped out. I've been watching them for almost ten years and I keep a list of over 40 in my Ihub monitor.
Very,very few ever hold the post RS pps and IMO this type of THEFT should be illegal.
Sorry friend. I never said that the RS would be cancelled. In fact, it appears to me that it took place exactly as it was said it was to be which is what I expected.
Now why don't we just let this play out and see what we have here. I make no predictions. I take full responsibility for my investments, right or wrong.
Have a good day.
Authorized common shares were also reduced from 10,000,000,000 to 10,000,000.
I guess that takes care of the dilution argument for now.
Maybe you should get out of the Prediction business. Or switch to weather. :>)
SPO Networks, Inc. (SPOID) Announces 1-1,000 Reverse Stock Split Completed W Detail
Press Release | 03/30/2022
The Company Released Information On Share Structure After The Reverse
FARMINGTON, AR / ACCESSWIRE / March 30, 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 plus a newly launched 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, today announced
that the reverse split that was previously approved a reverse split of 1 (one) to 1000 (one thousand) split of the Company's common stock by the Company's Board of Directors and a majority of shareholders has been completed.
Prior to the split, on March 14, 2022, Tom Smith, CEO and majority shareholder converted 3,965,471,162 common shares into a promissory note @ $.00115 per share ($4,560,291.84), which resulted in those shares being canceled.
Total Outstanding prior to cancellation and split: 8,336,207,783
Less canceled shares: -3,965,471,162
4,370,736,621
Reverse Split -4,366,365,341
Total Outstanding Shares as of 3/29/22 4,371,280
Settlement of fractional shares were rounded up and any shareholder who owned less than 1000 shares was rounded up to 1 share.
Authorized common shares were also reduced from 10,000,000,000 to 10,000,000.
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
info@spoinow.com
SOURCE: SPO Networks, Inc.
View source version on accesswire.com:
https://www.accesswire.com/695325/SPO-Networks-Inc-SPOID-Announces-1-1000-Reverse-Stock-Split-Completed-W-Detail
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JUST AS I PREDICTED. THE AS REMAINS AT THE SAME 10 BILLION SHARES.
Typical reverse split BS. Cut the legs out from under shareholders but leave a $hit load of shares in the AS for one reason----DILUTION.
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I know they charged me 50$ just to buy the "Ausi" stock...have to check other.
Yeah...those numbers can be screwed up for awhile till they get it all changed. Did your broker charge a fee for the RS? Heard TD charges around $35-38,which is another slap in the face to shareholders of SPOI.
My first stinky with a RS...now my account says my .005 PPS SPOI is now $6.76 PS SPOID! Better DD should have soured my decision to buy...jmo
JUST AS I PREDICTED. THE AS REMAINS AT THE SAME 10 BILLION SHARES.
Typical reverse split BS. Cut the legs out from under shareholders but leave a $hit load of shares in the AS for one reason----DILUTION.
Outstanding Shares:
?? New: 4,371,280
?? Old: 4,370,736,621
Diff: -4,366,365,341
Restricted Shares:
?? New: 1,509,222
?? Old: 1,509,099,334
Diff: -1,507,590,112
Unrestricted Shares:
?? New: 2,862,058
?? Old: 2,861,637,287
Diff: -2,858,775,229
DTC Shares:
?? New: 2,491,899
?? Old: 2,491,875,116
Diff: -2,489,383,217
Dated 3-30 OTC updates...
No doubt gagged like they are on most OTC stocks. Doesn't even matter if your a shareholder.
Sure ... I nominate YOU!
Can someone call the Transfer Agent to confirm what really happened?? TIA
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