SPO Networks Inc (SPOI)

[Midwestrader]

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.