SPO Global Inc (SPOM)

[livinginstyle]

The 11.46 million shares that were converted are a little more than I expected. I expected about 8 million. That 11.46 million came due and was converted so that should cover dilution for the immediate future. I see no other conversions exercisable till 4 cents. The company itself sold no shares last Q. All shares diluted were from planned exercisable options. The company is not a dilution hog and does not sell directly into the market like so many other pennies do. They have had the same 100 million authorized share base since 2005 if I remember correctly.

The company has estimated sales of current product at 500K for 2013. That does not reflect any new orders, orders from new foreign markets or increased sales in the US. In other words, that estimate is only for what orders are already in the pipe. Sales and orders could increase significantly. Also, estimates do not include sales of new products.