SPO Global Inc (SPOM)

[livinginstyle]

During 2012, we raised $356,000 from the private placement of our convertible promissory notes and other promissory notes. These notes are scheduled to mature between February 2013 and September 2013.


So far the company has been successful in extending some notes that are due. Also, any converted shares are not exercisable until .04 cents the way I read the 10K.

I agree that the company is financially weak. But, they have had success in funding from share holders that must see value since they are privy to info we are not. Now that the company is selling product, revenue will continue to increase easing the burden. I see this company increasing sales and growing into a strong financially stable company in time. They have valuable patents and viable future products. I still think this company is undervalued even fully diluted at 100 million shares which would be a 1.29 million cap which is( with 2013 sales estimates) not much more than one times sales by end of 2013. This stock is cheap!