SPO Global Inc (SPOM)

[sorsorsor]

Let’s count on bluelifes’s 40m shares has already dumped to the market. Because when you look at the volume you could easily find out that in nov and dec 2022, daily trading volume can be easily get to 10m, which is really hard in previous days before that. The only reason I could imagine is the unrestricted shares has increased and already dumped.
The newly issued 55m if we thought be the shares exchange for the new merger company, then should be restricted in a certain long period, let’s say 1-2 years imo.
If so the new unrestricted float should increase from 33m to 73m, double the volume. Even so, if we hit 0.68, or 0.27 in last couple of times, with double the float, and more merger companies in, we should hit 0.2-0.3, or at least 0.1? Why we are still here at the bottom? No one is buying and this one will hardly go up anymore i can only say that.