SPO Global Inc (SPOM)

[livinginstyle]

Flippers, LOL, LOL..

Every stock has flippers, it's called day trading. That said, what we have here is accumulation, smart people buying a very low float stock that management is smart enough to NOT borrow from banks and have to secure the loan with skin or your first born. Management has borrowed small amounts from personal share holders that know way more about this company than any of us. The total amount of money borrowed by the company from those four share holders that keeps getting posted here over and over is only $130K, not hundreds of thousands or millions which would constitute a problem. I wouldn't have some money parked here if I was worried about so-called death spirals. No such thing happening here. Our authorized shares are still 100 million. Last year, (all of 2012) the company only diluted about 18 million shares total.

This is from the latest 10K:

During the year ended December 31, 2012, we issued 18,078,234 shares of its common stock upon conversion of $94,000 in principal and accrued interest of convertible promissory notes.

As of all of 2012, they only diluted 18 million shares. That was before they had any revenue. Now they are starting produce revenue and are about to deliver new products. Also, they have covered their bases as far as future production costs go. The manufacturer of their current product has assumed all expenses to build and ship the product splitting profits (after costs) 50%. The company has reduced its expenditures to a minimum allotting time to build its business and generate new revenue.

Death spirals, LOL, LOL!!!!!


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