SPO Networks Inc (SPOI)

[techtrade]

The only legitimate concern the dilution raises IMO is why they can't seem to fund any of their major expenses with cash from the business. Because of the lowball price the new shares are being offered at the last two dilutions raised about $250,000, I didn't take the time to figure out the amount raised in December.

Without a clear picture of their earnings for the 4Q, I think investors are scrambling for a clue what their current business is generating, and having to sell shares to raise a relatively small amount of money may be shaking the confidence of some shareholders.

Personally I don't have a problem with the dilution (although I think they could have gone about it differently) and everything I with what I know about HLNT I'm still a long term bull, but as a guy who primarily relies on technical indicators to make buy/sell decisions, I'm on still on the fence for now (except a small core position I'm currently underwater on).

Today was either a double tap of the bottom or a continuation of the downtrend, guess we'll get a better idea on Monday.