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SittingPretty

04/05/17 11:24 PM

#27391 RE: goldpenny7 #27390

SEC investor complaint form: https://www.sec.gov/oiea/Complaint.html

All your findings in this are validated to what I too have found.
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Dando7

04/06/17 1:06 AM

#27393 RE: goldpenny7 #27390

Read the sec filing and look at what they pay in rent and where. If memory serves the rent in CA is $500 mo/ England ~$2700 and Bulgaria $3800 mo. The leases end soon tho I believe. I'm not sure why you think this raises flags tho. Spo bought reflective solutions which had offices in the U.K. And Bulgaria. If the CEO was shady he could certainly be taking more than $500 month for the us office and get away with it. My point is, read the sec filings and speculate about what's in those, not some weird ideas you have made up
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Toxic Avenger

04/06/17 5:29 AM

#27396 RE: goldpenny7 #27390

The authorized count is easy to get and it is 5 billion.
"On January 30th, 2017 the company increased its authorized and changed its par value. The total number of shares of all classes of stock that the corporation shall the authority to issue is 5,000,000,000"
next to last page in annual report - https://www.otcmarkets.com/financialReportViewer?symbol=SPOM&id=168756

The outstanding is impossible with the T/A gagged (the usual for companies with so much toxic debt). You won't find out the O/S until they file again and then it will already be out of date.

Given that they had an A/S of 300 million until May 2016, then 2 Billion until Jan 2017, you can safely assume it's well over 2 Billion outstanding now and headed to 5 Billion when it will either be raised again, or reverse split.

"As of December 31st, 2016, we had 1,998,000,000 million authorized shares of Common Stock, of which 1,519,795,399 shares of our Common Stock were issued and outstanding.
On the May 3rd, 2016 The State of Delaware approved the amendment of the Amended and restated Certificate of Incorporation of the company that the total number of shares of all classes of stock that the company shall have the authority to issue 300,000,000"
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Almost A Myth

04/06/17 10:30 AM

#27407 RE: goldpenny7 #27390

Thank you for that detailed post. I know the TA is like talking to a wall. That should be illegal. If a shareholder wants to know share structure it should be openly available. With the way this trades and considering the lack of cooperation/information from the TA I would bet the OS and float are multiple billions.

SPOM