looking for truth
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SPO GLOBAL INTRO HAS BEEN UPDATED
Please feel free to make any suggestions or comments
That's a fair analysis.
Toxic Debt : If you look at even the NASDAQ low cap market, most of the companies have some form of toxic debt.
The whole point of being public is the ability to raise money through equity.
IMHO the key is how the companies actually use the proceeds of any fund raising. If its to grow the company and add value to the shareholders then its a positive and the share price will go up.
GLTY
I was comparing SPOM annual report to other OTC current companies.
SPOM disclosed quite a lot on their business and strategy, and how they position themselves against the competitors.
Again, IMHO they are taking the duty of reporting to the market in a professional manner.
Compared to other pinkies that's a positive step!
I agree with your general sentiments on the Pink sheets stocks.
Nevertheless there are players making money on the OTC Markets.
IMHO the key is getting in early !
Oh and not falling in love with the stock
SPOM like I stated before made an extensive disclosure with its annual report that was not required by the OTC Market rules
That's not a negative sign IMO
My conclusion is that for the moment SPOM is under the radar with few eyes on it.
If there was a time to get in then this "possibly could " be the right moment.
GLTY
IMHO the Software Performance Testing market that SPOM is focusing on is a very lucrative and highly valued market
There have been some real large value cash acquisitions in the recent years of companies that have unique IP and are winning market share
I accept that SPOM is still at an early
stage and that only future revenues will indicate if SPOM has real value
As for liquidity and PPS. That I have no opinion on .
GLTY
The annual report is very extensive and informative.
The new management have disclosed far more than is required under the OTC MARKET rules
I also read that in 2015 they won some major customers like LAX AIRPORT and others major well known companies
IMHO this company is not like other pinkies.
What ? Did you actually read the Annual Report ??
They actually did the OPPOSITE.
They issued restricted shares to the acquired company shareholders
Which is IMHO a great deal for the current shareholders of SPOM
Plus ALL the default notes have been acquired .
ANNUAL REPORT JUST FILED ON THE OTC
http://www.otcmarkets.com/financialReportViewer?symbol=SPOM&id=152277
Wow. That's outrageous !!
Thns only objective is to maximise as much money for the CEO and Note Holders.
http://www1.salary.com/Jay-Christopher-Bautista-Salary-Bonus-Stock-Options-for-THINSPACE-TECHNOLOGY-INC.html
Its an interesting contrarian idea.
The key is also the spread on this stock.
Needs careful thought and watching
I agree with your post .
There has been NO filings since 28th August , 2105 !
No Press Releases . Nothing !
THNS is now officially SEC Delinquent.
IMHO there are Serious risks for anybody considering to flip these shares
And IMHO it's going to get only worse
With 3 Billion shares they have plenty of crap to dump on the market
I expect at some stage they will start the pump to get the volume and then "watch out below"
GLTY
I disagree with your conclusions
You are jumping to scenarios without knowing all the real facts.
Like I have said before. The filings by SPOM need to be seen once released , now that this purchase has been completed.
SPO is clearly changing. Becoming current is definitely a positive step
You are correct regarding the risk of the notes that SPO Global has , and are now in default based upon their last audited filings
This recent transaction will need to have taken all the liabilities into account.
And as for the business : Reflective Solutions they have real
enterprise customers. Which are clearly shown on their website.
I should make this clear I am not in any manner trying to pump this stock.
Everybody needs to make their own DD.
Your Due Diligence is certainly helpful, but you have been very selective with your information you have chosen to write
PRPM : Mr Dukes resigned from this company in July 2011. That's nearly 5 years ago. You forgot to mention this important fact. And your post implied that he is responsible for the current share price today.
http://www.otcmarkets.com/financialReportViewer?symbol=PRPM&id=93560
THNS : This company was controlled by its main Note Holder IBC FUNDS from 2011. Mr Dukes was appointed CEO on 1st Jan, 2014 and resigned 5 months later on 29th May, 2014.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10034312
The full information is available in all the above filings.
I agree with you on one fact.
The new management disposed of the old Medical company. And like you said it was bleeding money
So to me that's a smart move by the new management
I guess the difference between us is :
I like to drive looking forward through my windshield. You it seems , like to drive using your rear view mirror
Wow. Well you certainly have made it clear what your position is on this stock.
Based upon your views, any other scenario can only be a positive thing .
I would prefer to wait and see some more facts on these new developments.
But hey that's just my opinion.
GLTY
I prefer to focus on the actual facts
I understand your concerns. But as of now there is no evidence to support your views
My own opinion is that this change of control and direction is a positive step.
The real proof will be when we see the next filings or disclosures as to how the company intends to make this a success
GLTY
Shareholder Update just posted on the OTC
http://www.otcmarkets.com/financialReportViewer?symbol=SPOM&id=150203
There has been consistently over a long period , on a wekly basis very large insider sales on GRPN till July 2015 when the stock tanked.
After receiving multi millions of dollars on all their sales, not one of these insiders since July 2015 been buying at these low prices
Their action speaks louder than all the positive bullish comments
The only silver lining is that in Dec 2015 it's been disclosed that NEA Management the largest private equity firm in the country has a significant stake. 7.6%
IMHO the only hope is for a buyout ..
This could be a possibility.
It may be worth buying LEAPS options out of the money
GLTY
New update on OTC SPOM profile page
Issued shares now : 56,001,116.
Been reduced from 74 million
SPOM has filed a supplementary disclosure statement
Lots of information in this.
http://www.otcmarkets.com/financialReportViewer?symbol=SPOM&id=149889
OTC markets has further updated the Company Profile
http://www.otcmarkets.com/stock/SPOM/profile
I do read your posts
I agree with your last part of the post.
SPOM now current on OTC
http://www.otcmarkets.com/stock/SPOM/profile
SPOM just posted last 2 Qs and new disclosure on OTC .
http://www.otcmarkets.com/stock/SPOM/filings
Thinspace Technology (UK) officially in liquidation process.
Companies House
Companies House Crown Way Cardiff, CF14 3UZ
T 02920380830
E enquiries@companieshouse.gov.uk Twitter @CompaniesHouse
DX 33050 Cardiff
www.gov.uk/companieshouse
TO THE DIRECTORS
THINSPACE TECHNOLOGY LTD THE CATALYST BAIRD LANE NORTH YORKSHIRE
YORK Y010 5GA
Date 05/01/2016
Ref DEF6/04303087
Companies Act 2006 (Section 1000(3))
The Registrar of Companies gives notice that, unless cause is shown to the contrary, at the expiration of 2 months from the above date the name of
THINSPACE TECHNOLOGY LTD
will be struck off the register and the company will be dissolved.
Upon dissolution all property and rights vested in, or held in trust for, the company are deemed to be bona vacantia, and accordingly will belong to the crown.
FILE COPY
II I II Ill I 1 11 1 1 111 1 1 1 11 11
'D135S8452X'
THNS: Official request for UK company to be dissolved as published in London Gazette on 3 Jan, 2016.
Type in company Name : Thinspace Technology on below link.
http://wck2.companieshouse.gov.uk
Then click on Thinspace Highlight and you will see the following
Name & Registered Office:
THINSPACE TECHNOLOGY LTD
THE CATALYST
BAIRD LANE
YORK
NORTH YORKSHIRE
YO10 5GA
Company No. 04303087
Status: Active - Proposal to Strike off
Date of Incorporation: 11/10/2001
The technology space they are in, is also very interesting.
The web site is clearly directed at medium to large enterprises.
They have serious partners : http://www.reflective.com/partners
They were recently exhibiting in some serious places : http://www.reflective.com/news
Therefore based on this RM , I see more upside on this stock
IMHO
This board needs a moderator.
Why don't you do this.
You may enjoy this
LOL
That's my thinking. The current authorised is 100 million.
The last Q filed , stated that the issued and authorised was approx. 8 million
So, with this RM , any stock issued to the new company will be restricted under rule 144. in other words, not possible to sell for a minimum of one year, and then only after 1% per quarter .
As for SPOM debt , that's going to be the key.
The RM must have addressed this issue.
My conclusion IMHO is that SPOM has a better chance to perform now that this has happened.
But lets be clear, this in Pink Sheet world, so we all need to make our own due diligence
Well. The only fact is. Either you will be right or wrong. .
I HUB is based upon opinions and speculation.
The next few weeks will be most interesting
Have a good holiday
You are jumping to conclusions without any real facts. The details and aspect of this transaction has not been disclosed as of now.
The only fact is . SPOM was going nowhere. Lost all traction and drifted lower.
Now with this RM the stock has a new life and opportunity.
IMHO
I agree with you regarding the old business. That's clearly gone.
The PR states that they will be applying to FINRA to change name and stock symbol.
For that, they will need to file the previous 2 Qs .
All else is speculation at this stage.
For more infornation , best is to carefully check out the company website. Www.reflective.com
You are IMO jumping to conclusions. Let's wait and see. Have a great holiday
MAJOR NEWS ! TAKEOVER / REVERSE MERGER
http://finance.yahoo.com/news/spo-announces-acquisition-reflective-solutions-215600681.html
THNS IS NOW ON THE PINKS
SEC Reporting - Delinquent
http://www.otcmarkets.com/stock/THNS/profile
They only have 5 business days under FINRA rules
This is now the 2nd time Thinspace has been in breach of the filing rules.
FINRA will at some point delist THNS if the company does not file very shortly
It's certainly not a positive sign that thinspace is not complying as a fully reporting entity
Speculating is pointless as to the reason for this 2nd long delay. The facts at the end will speak for themselves through the share price
Q was due 15th November. This is THNS 2nd Late filing. OTC rules for late filing before a delisting : See Below FINRA
In the case of a company with securities quoted in an over the counter market, like the OTC Bulletin Board, there are no listing requirements. However broker-dealers participating in the OTC Bulletin Board markets are members, and governed by the rules, of the Financial Industry Regulatory Authority (FINRA). FINRA Rule 6530(e) prohibits members from quoting the securities of a company that has failed to timely file a required report three times in any 2-year period, or that has had its securities removed from the OTC Bulletin Board quotation service twice in a 2-year period for failing to file a required report within 30 days of the filing deadline. Once a company’s securities are prohibited from being quoted on the OTC Bulletin Board the company must timely file all required reports for a period of one year before it can regain eligibility
THNS just filed a Late Filing Notice ...again !
So now nobody really knows what's going on.
Only thing the notice said was that the revenue have decreased substantially
So now shareholders will have to wait and wait till the company decides to file it's last Q.