SPO Global Inc (SPOM)

[livinginstyle]

As stated in the pr April 11 2013,Company has a backlog of firm orders of approximately $500,000 for planned shipments through 2013. The Company anticipates this backlog to increase during fiscal year 2013 as sales continue to grow in the United States and in international markets. This is primarily attributed to the expanded distribution of its private-labeled pulse oximeter known as the HoMedics Deluxe Pulse Oximeter for non-medical consumer wellness markets.

EDITED

That backlog for $500,000 is for one shelf item only, the Deluxe Pulse Oximeter. That number constitutes known or existing orders only. That does not include any sales the date of the PR and forward. Also, that number will skyrocket when other items are released as initial order sales are always quite large to stock store shelves. This is just the beginning.

I don't agree that there is a rash of death spiral financing here. The company is not borrowing millions from a death spiral financing company that can make deals with M&M's to short the stock (at a low cost) and cover millions of shorted shares when they convert at a low price caused by shorting the stock and driving the price down. Individual investors are loaning the company $50K or less. They probably cannot or will not short the stock due to the high cost (usually $2 a share margin on a penny stock plus the bid price) so there is no death spiral crap going on here. Even if one person did short the stock it would be a small amount.

The problem we have here is weak bid support, not death spiral anything. All one has to do is look at the 10K and see that only 11.4 million shares were converted last Q. That said, we all knew conversions were taking place and I had guessed about 8 million conversions were hitting the float and I posted so on this board. If shady financing was taking place here, we would see a share base way above the current A/S of 100 million.