SPO Networks Inc (SPOI)

[wobblenuts]

IMO,Financially, no. Otherwise, questionable.

From Sept file.
FINANCING ACTIVITIES
25010 Long-Term Liability:A Convertible Note
-1,685,756.58
25015 Long-Term Liability:B Convertible Notes
-1,807,290.05
25020 Long-Term Liability:C Convertible Note
-595,503.86
25025 Long-Term Liability:D Convertible Notes
-1,150,365.34
25030 Long-Term Liability:E Convertible Note
-471,513.05

Who owns the notes?

Convertible note terms usually contain a requirement that the company maintain share availability. This can force an increase in AS, trigger RS or risk default.

Add the PWC settlement of $1.1m.

You asked.