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Thursday, December 24, 2015 11:58:27 AM
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
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