Replies to post #118897 on SPO Networks Inc (SPOI)

[Midwestrader]

Smith wants peeps to think he took 3.9B shares that were his and threw em into a box in a closet with that "retired" nonsense.

Wrong,their in a convertible note people. It converts right back to common shares in a specified time frame. It also converts at a specified rate. Could be 1 for 1 could be anything. If their subject to the RS then they could convert at 1000 shares for each share.

Shareholders...DEMAND to know ALL the details of that "note".


BTW,the last fins state clearly he owns 4.065B shares. So..unless he's been dumping since last Sept he'll still have 68M that won't be retired. He also has nearly 800M shares owned jointly with his wife.

[prowler3701]

Great questions OTC. I'm with you on finding the details of that note. Why wouldn't he subject himself to what all the shareholders are subjected too?? We need the details of that note. Sounds rather fishy to me.