SPO Global Inc (SPOM)

[Mack101]

253m shares before merger, that number has been on their financials for over 2 years. Since 2021, there has been 0 dilution.
It used to be 213m when gerpang healthcare bought $spom out. 120m went to fengyou, 20m to Jeff peng ( the current co ceo) 20m went to Meihua xu as a finders fee to get them in. They still own the shares according to the 2022 annual report.
The remaining shares went to pay out $spom's earlier debts. You can get those numbers from the financials. Approx 40m shares went to wipe out blue life's debt.
$spom was a dead shell before that. They had $25m negative retained earnings. They still have close to 21m. Gerpang healthcare had massive revenues.
In 2021 they had annual revenues of
$32m. 10m assets was added to balance sheet for $160m Shares . The shares had jumped to a high of 68c. China lockdowns and covid messed them up last year.
Now there is a new merger happening. New ceo. He has merged his 10m revenue company in here. (1.5m net profits) for new 55m shares. I think there is more to this. We will find out more on the next financials.