SPO Networks Inc (SPOI)

[36Knuckle]

dreamaker56
RE: Riverheaddaddy Post# 164092

Tuesday, April 12, 2022 7:53:47 AM
Post#
164094
of 164095
I also know for a fact, in all my years of trading these stupid pinkies (someday I will get out) most of the "Institutions" that fund/will fund companies do in fact look at history and will not buy into a company that has RS.

When a company does a RS, it is usually a signal that there has been some past wrong doings, financial hardship (regardless if current management is doing right)

In fact, in the paperwork to uplist, there are questions if the company had performed a RS and I believe that there is a period that they cannot uplist after a RS. It may be 1 year, but i'm not positive.

I do know a company cannot RS, then apply to uplist right away.

So it wouldn't help them in the short run to RS. Although I think it would need to be done to get this SS under control. A buyback is FAR more expensive than a RS. And regardless what any OTC company says, they DO NOT have the shareholders in best interest. That is the world of OTC.

I found this post in the wrong room...it fits here, right?