SPO Global Inc (SPOM)

[BigJuan]

I guess this shows they are operating the wine business....

“On March 29, 2019, the Company entered into a convertible loan agreement with Fourth Street Fund, LP pursuant to which the Company received a loan in the principal amount of $40,731.28. The Fund purchased 500 kegs for the SPO wine operations and filed a UCC-1 on the Kegs purchased with the investment. The loan matures one year from the date of the loan and bears interest at a per annum rate of 10%. The principal and accrued interest is convertible into common stock of the Company at a conversion rate of 50% of the prevailing per share market price.


As of September 30, 2019, the Company had $36,581 in loans due and payable on demand.”