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SPO Networks, Inc. SPOI
Posted On: 02/28/2013 7:45:00 PM
Post# of 6596
Posted By: awk2861
Re: wer123 #878

I'm trying to make sense of it too. 7,650,000 were issued on 27 June 2012 with a twelve month restriction per the OTC filing. Not sure when the rest of the shares were issued, but all 106M in the JV have a 12mo restriction from the issued date.


There are currently 102,275,519 restricted shares, but shouldn't there be at least 106M???


In the Jan. share structure update a total of 138M, 3,375,000 treasury and 134,625,000 restricted (who did these belong to??), were added to the float, and this seemed about enough to cover the settlement. Restricted shares now sat at 106,275,519 which made sense because 106M are reserved for JV.


In the Feb. share structure update a total of 50M, 46M treasury and 4M restricted, were added to the float, bringing the restricted total down to 102,275,519. Not sure what this shift was for (remainder of $1.1M settlement?, a new settlement for the other case?, an investment? rent/security dep?). Maybe AHSG has donated a few of their shares to the cause? Ideas anyone?

















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