SPO Global Inc (SPOM)

[livinginstyle]

I've seen nothing to indicate Homedics is paying all manufacturing costs, nor have I seen anything saying they are splitting profits 50/50. In fact, based on the 10K, it appears SPO is bearing most of the manufacturing costs and that is a drag on production.

I didn't say Homedics was paying anything. Perhaps you should read more. The following is from the 10Q:

In addition to the sports watch, we are in the final stages of developing an innovative wellness bracelet that measures the number of activities and calories burned by an individual performs on a given day. The bracelet, designed for both children and adults, features a display function to continuously measure the number of daily activities against preset recommended goals. SPO has designed and patented the functionality of the bracelet to be an affordable, simple-to-use, fashion accessory to encourage users to increase their mobility and overall wellness and to wear it with pride. We anticipate that the product should become commercially available during 2013. In December 2011, we signed an exclusive agreement with a large private time-piece manufacture to manufacture and sell our wellness bracelet to department stores, mid-tier mass-market and food & drug stores throughout North America. The agreement specifies that the manufacturer will finance all costs associated with bringing the wellness bracelet to the marketplace. We and the manufacturer have agreed to divide the profit margin from the sale of the wellness bracelet net of all costs associated with manufacturing the wellness.