Replies to post #8336 on SPO Global Inc (SPOM)

[Cast Iron]

That's my thinking. The current authorised is 100 million.

The last Q filed , stated that the issued and authorised was approx. 8 million

So, with this RM , any stock issued to the new company will be restricted under rule 144. in other words, not possible to sell for a minimum of one year, and then only after 1% per quarter .

As for SPOM debt , that's going to be the key.

The RM must have addressed this issue.

My conclusion IMHO is that SPOM has a better chance to perform now that this has happened.

But lets be clear, this in Pink Sheet world, so we all need to make our own due diligence

[Cast Iron]

I do read your posts :-)

I agree with your last part of the post.

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

Increasing the AS would be the right thing.