Replies to post #4701 on SPO Global Inc (SPOM)

[droopyeyes]

nice post style. ignore this fool. trying to get in a cheaper. fool should of bought in last week .

[Toxic Avenger]

Not the notes that are concerning. These are:

"On July 25, 2012, the Company entered into a Convertible Note Agreement pursuant to which the Company received $32.5. The original maturity date of the note is July 25, 2013. The note bears interest at a per annum rate of 8%. Commencing January 25, 2013, the Investor is entitled to convert all or any part of the outstanding and unpaid principal amount on the note, as well as the interest accrued, into shares of the Company’s Common Stock at a conversion rate equal to 55% of the average of the five lowest closing sale prices during the ten days preceding the conversion date."
"On January 31, 2012, the Company entered into a Securities Purchase Agreement with an investor pursuant to which it issued its 8% convertible promissory note in the principal amount of $50. The loan, together with accrued interest, is scheduled to mature on February 7, 2013. Commencing August 7, 2012, the Investor is entitled to convert all or any part of the outstanding and unpaid principal amount on the note, as well as the interest accrued, into shares of the Company’s Common Stock at a conversion rate equal to 55% of the average of the five lowest closing sale prices during the ten days preceding the conversion date."

No way to know if the notes are still outstanding. No way to know if more convertible shares were issued. T/A is gagged, waiting on the 10K filing.

Debt holders of toxic debt make money regardless of the stock price. Not the same as retail shareholders.

Caveat Emptor.