Replies to post #47288 on SPO Global Inc (SPOM)

[SooS416]

Huh? The Q1 report is the facts, the balance sheet shows a company with $6M in assets that lost $5M in cash from operations. That is not speculation.

So a company that supposedly did $140M in revenue just 6 months ago now only has $6M in assets and little case on hand

So either, they didn't really ever do that much in revenue or they are in extreme dire financial condition and have burnt through cash, written off assets and so forth to have the showing on the Q1 report.

But care to show any concrete info on their financial condition as of last year? I mean chinese companies on the OTC are sure known for their truthfulness and transparency