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?????
Yep. Time might be getting short to get in at these prices. How many OTC pinks can show this kind of growth in the first year of business?
And I think this is only the beginning.
2022 First Qtr Financials Posted. Net Income up 28% over prior qtr.
https://www.otcmarkets.com/otcapi/company/financial-report/333442/content
Pink Current Information
Verified Profile 01/2022
Transfer Agent Verified
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
___________________________________________________________-
Limited Information Icon
Pink Limited Information
Grace Period IconGrace Period
Dark or Defunct IconDark or Defunct
Verified Profile IconVerified Profile 01/2022
Transfer Agent Verified IconTransfer Agent Verified
OTC updates 5-2-22
______________________________________________________________
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.
Four Qtr 2021 Financials posted. Another profitable quarter.
https://www.otcmarkets.com/otcapi/company/financial-report/325437/content
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.
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
********************************************************************
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.
********************************************************************
OK. Thanks. Just no activity yet on this board.
Is there another more active board for evergrow? Looking for any information I can find on this coin.
Reverse split has not been completed yet. As for a security to invest in, OT will tell you no but he seems to have an agenda.
I am invested and very positive as to the future, but it is OTC, so you should make your decisions accordingly.
SPOI is currently profitable which is unusual for most penny stocks. There is a lot in the works. Management is working on being a multi state cannabis operation. There are hurdles to get over, but there is much promise.
The new businesses were brought into this shell Mar 2021 and has been profitable from the start. I believe the revenues from these businesses are what is funding much of the cannabis operations.
Management is working on providing audited financials for 2021 yearend. The goal is to move up to OTCQB asap and eventually OTCQX.
I will ask again. Where do you see a convertibility? I am not saying it is not there. I just cannot see it. Just show me.
The final signed version as stated by Tom will be finished on 3/15. I guess you will just have to wait.
Updated note posted on OTC. I do not see any conversion clause. Do you?
https://www.otcmarkets.com/otcapi/company/financial-report/321664/content
I do not believe the plan is to go to the shareholder for capital. (Dilution) Bringing in the profitable scrap and demolition companies was for the purpose of creating capital for organic development Tom has a very successful past in these markets. Take a look at the twitter site and the SPO web site.
https://twitter.com/SPONetworks
https://www.spoinow.com/
Also look closely at the posted financials. When have you seen a publicly traded company starting up and new business that starts out profitable? And according to PR's, the 2021 financials will be audited.
The goal is organic growth. And that is what is happening. The last press release spells out Tom's approach.
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.
This is not his first rodeo. He has developed several very successful businesses in the past. It is not going to happen overnight. If that is your expectation, you might want to look elsewhere.
We just need to give him a chance. GO SPO
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.
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.
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
info@spoinow.com
SOURCE: SPO Networks, Inc
Welcome!!!
I think you will be ok.
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
Must be some traders that are trying to blame someone else for their bad trades. I bought within the stated time period and up by 85%. There were buying opportunities in the past year that would put you over 200%. Stocks go up and down.
Also attorneys looking for a quick buck. Of the loose, they should have to pay the company how ever much they sued for. It would stop a lot of these frivolous suits.
I second that.
Where did you see that the note was a convertible note? It might be. I just have not seen any details yet. Hopefully Tom will elaborate soon.
Also, what is wrong with Tom holding stock? He has built a profitable company from the git-go. Hopefully we will all benefit going forward under his management. We just need to give him a chance.
Have you not heard, "Patience is a virtue"!!!
https://www.sos.state.co.us/ucc/pages/biz/bizSearch.xhtml#:~:text=Create%20User%20Account-,Organization%20Record%20Confirmation,Confirm,-Terms%20%26%20conditions%20%7C%20Browser
ID Number: 20161733267
Name: SPO Networks, Inc.
Principal Street Address: 7060 W. State Hwy 96, Pueblo, CO, 81005, United States
Principal Mailing Address: Post Office Box 600, Farmington, AR, Arkansas, 72730, United States
Registered Agent: Winters Law Firm, PLLC
Registered Agent Street Address: 7060 W. State Hwy 96, Pueblo, CO, 81005, United States
Registered Agent Mailing Address:
Status: Good Standing
Form: Corporation
Jurisdiction: CO
Formation Date: 2016-10-27
I also think it is probably good news. Just go back and read the press releases and financials.
Working toward OTCQB.
2021 financials being audited.
Almost half of the outstanding shares being cancelled.
Company is profitable and growing.
No dilution.
Cannabis prospects very promising.
I believe there is a lot going on behind the scenes that we may not know yet. Patience may be the key in the long run.
__________________________________________________
Why are people selling? This is great news!
__________________________________________________
Tom Smith, The Company's, CEO And Majority Shareholder Is Also Cancelling 3,965,471,162 Of His Common Shares; Approximately 47% Of The Company's Present Outstanding Shares
FARMINGTON, AR / ACCESSWIRE / February 22, 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 its Board of Directors and a majority of shareholders have approved a reverse split of 1 (one) to 1000 (one thousand) split of the Company's common stock.
As of February 21, 2012, there were approximately 8,336,207,783 shares of the Company's common stock outstanding.
Also, in tandem with the reverse, Tom Smith, the Company's Founder, CEO and majority shareholder is retiring/cancelling 3,965,471,162 of his common shares which will be converted into a note. This will reduce the shares outstanding to 4,370,736,621 prior to the reverse.
After the 1 for 1,000 reverse split, and the cancellation of Smith's shares, the outstanding shares shall be reduced to 4,370,737 shares.
The reverse split will become effective no less that fifteen (15) days after the issuance of this announcement. Upon the effectiveness of the reverse stock split, SPOI stockholders will receive one new share of common stock for every one-thousand shares they hold.
The reverse stock split is expected to lead the Company's common stock to trade at approximately one-thousand times the price per share at which it trades prior to the effectiveness of the reverse stock split. SPOI, however, cannot assure that the price of its common stock after the reverse split will reflect the 1 for 1,000 reverse split ratio, that the price per share following the effective time of the reverse split will be maintained for any period of time, or that the price will remain above the pre-split trading price.
The Company will not issue fractional shares of its common stock as a result of the reverse stock split. The shares will be rounded up. Any shareholder who owns less than 1,000 shares will be rounded up to 1.
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.
Absolutely nothing. BRYYF was just listed at the end of the articles as other stocks on the move.
Other stocks on the move today include BRYYF, ICOA, and INTK.
I agree. I have talked with Tom and do expect good things. It will take time to put his plan together, but he is working hard at it. Dealing with government permits and etc. does not happen overnight.
Also, Tom is planning on having the financials audited again for year-end with the plan of moving up to QB. More long range, but positive expectations.
That being said, there are no guarantees.
No. You can check the website for a list of principals. If you still have doubts, ask Tom Smith. Contact information also on website.
Aren't most OTC startups made up of "will be's ..."? This is a new company startup taking over the HLNT shell. All new management and new business plan.
How many new OTC companies have you seen that are showing a net income from the start? And the second quarter net income increased 55% over the 1st full quarter income. All this without any of the cannabis income being included.
Looks good to me!!
___________________________________________________
Looks like a lot of "will be ... " in that item.
___________________________________________________
Long Ago.
Are there any published nutritional values for their product?
You mentioned @200/ton hay. As a hay grower, I would like to get in on some of that action if I knew who would pay that. What kind of hay and where is it selling for that?
WOW!! Where and what kind is bringing that much money? Not any that I am growing. But I would if I knew what it was.
Do you happen to know how long the genetics website has been up do you? No, but I think most of the website additions and activities have taken place this year. All the work to bring the company current was early in the year.
Are there any doc's showing how these guys took over the company between '14 and '21? Other than what is in the OTC filings, I am not aware of any.
Are there more than 4 SPOI websites? I am only aware of one official website. https://www.spoinow.com/ What other sites are you referencing?