Replies to post #39332 on SPO Networks Inc (SPOI)

[roger_michovisch]

Ball and Chain: Long Term Convertiible Notes 5,719,929

[raven dave]

I'm impressed! The financials looks much more reasonable for a start up operation. The accounts receivables only increased by $118,344. That tells me they didn't book the SmartPower P.O. as income or smart power had all of the sales for the 1st quarter. We know they didn't have all of the sales because of the farm show in the 1st quarter.


Cash on hand is pretty lean. So they aren't out of the woods yet, but if they are honest with their investors I believe most will stick around for awhile longer!!

[skyrocketinsight]

The balance sheet is a little puzzling to me. I thought they (HLNT) were fighting NIR on the asset (some software) they never received and paid for.
(Somewhere in the neigborhood of 5 million plus dollars). Seems to me that HLNT has accounted for this debt as the court case has not been finalized yet. I imagine the balance sheet will vastly improve (when/if) HLNT wins its court case against NIR.