Replies to post #8329 on SPO Global Inc (SPOM)

[Toxic Avenger]

Not really. They owed $1.2 million and had $5 in cash, around $150k in receivables.
They're acquiring the other company.
What can they exchange for their negative $1 million in debt?
Shares in SPOM is it.
So massive dilution, probably via a reverse split.

Count on it. Stock isn't even worth $.0001 now.

[Lone Wolf]

Exactly! Symbol change = RM = company will survive as a new, publicly traded entity. Real Q is what's the valuation of Reflective. They seem to have a great client base and presence in a few countries.

IMO, they will need to raise the AS as current AS likely wont allow for sufficient capitalization. Also, too illiquid here with current SS.