Post by
Investwthebest on Feb 26, 2021 9:59am
Next stop 4 cents
Need a bottle of pepto on you at all times when you are holding SPO....( huge sigh )
Comment by
Giovani1Rizzuto on Feb 26, 2021 10:45am
I still do not understand why would a company pay off debt by giving shares at 0.025 cents at the time when it was trading at 0.09 cents if someone payed me off with 0.025 cents shares and gave me exactly what they owed in share amount at that price i would sell those shares at 0.09 cents and make 4x my my money.
Comment by
Investwthebest on Feb 26, 2021 10:47am
They do that because they are broke....they have no cash...shares are all they have...truth
Comment by
Giovani1Rizzuto on Feb 26, 2021 11:03am
That still does not make sense no one told them they had to pay 100% of dept in one shot, why would they that? most companies start of in the minus and are in that state for years before being cashflow positive this does not mean the company is not worth anything.
Comment by
Giovani1Rizzuto on Feb 26, 2021 11:11am
they would ban short selling for a day
Comment by
Investwthebest on Feb 26, 2021 11:16am
I would wait this out a bit more before buying more ...it hit 3 cents today ...It could go down to 2.5 a share ( what they used for debt financing )
Comment by
Giovani1Rizzuto on Feb 26, 2021 11:25am
RED Fridays all over the place if it touches 3c or 2c i grab more i know it will go up above 10 cents again
Comment by
Investwthebest on Feb 26, 2021 11:35am
you don't know you are being optimistic
Comment by
Giovani1Rizzuto on Feb 26, 2021 11:45am
no one really knows but I will tell you one thing I do know praying will not help
Comment by
Giovani1Rizzuto on Feb 26, 2021 12:11pm
SPO has issued an additional 62,156,220 common shares at a price of $0.025 this is the reson why shares are down Share dilution
Comment by
Bullchart1 on Feb 26, 2021 12:29pm
Exactly! Why on earth would a .025 buyer on their debt, not be selling on a run to .12-.13 . Got their money back and then some likely. This was a PP for debt holders. Cleaning up debt is good.
Comment by
Investwthebest on Feb 26, 2021 12:42pm
How do you know they didn't unload a bunch of shares???
Comment by
Giovani1Rizzuto on Feb 26, 2021 2:30pm
It seems to me the shares are in a side move right now bouncing between 5 and 5.5c. If it plummets down to 2.5c I'm already prepared to buy them more. You shouldn't be scared of that move. In November 2017 the price was there (2.5c), and in January 2018 the price went up to 28c. So, let's be patient, and everything will be alright.
Comment by
Longhauler40 on Feb 26, 2021 10:53am
That's probably why you are not an a DIRECT investor. There are reasons for why companies do this. Shoulda, woulda, coulda isn't REAL WORLD negotiations!
Comment by
GObabyGO1 on Feb 26, 2021 10:57am
The bleeding continues...hope this will settle soon. With sales imminent within the next month that will be our catalyst unless they can come out with a surprise NR before this. Would be amazing to have some news on CBG/CBD cigarettes. Until then looks like we are at the mercy of the MM's.