Legally they are acting like it’s closed. We wouldn’t know either way because the communication again has been poor. If you are getting info on a deal closed or not closed now that’s insider info and goes again to the poor handling by mgmt.
If the deal isn’t closed they sure put out PRs acting as they were one and the same….. that is even worse since the info is misrepresenting….
“SPO Global Inc Awarded $1.8 Million Dollar Contract from Raohe County Rural Revitalization Bureau
SHANDONG, CHINA / ACCESSWIRE / March 21, 2023 / SPO Global Inc. (OTC PINK:SPOM) and Shandong Fangyuan Huizhong Intelligent Equipment Co., Ltd. (SFHI) are pleased to announce that it has been awarded a $1.8 million dollar contract from the Raohe County Rural Revitalization Bureau for a waxy corn processing and storage construction project.”
“Under the terms of the merger agreement, SFHI will become a wholly owned subsidiary of SPO Global Inc.”
Why would SPO get the contract if the company had not merged yet. Further SHFI is a subsidiary so the contract would go to SHFI not SPO would it not?? …. This is not a good look for investor confidence.
The company could easily update and give clarity and guidance regardless of being in the middle of a deal or not but it’s not happening. The longer they don’t give info the worse it is for the company.
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