Published On: Fri, Jan 20th, 2017

SPO Global Inc (OTCMKTS:SPOM) Releases Letter To Shareholders

SPO Global Inc (OTCMKTS:SPOM) released a letter to shareholders stating that the last year has been a fabulous year for the firm. They recorded major enterprise wins for leading products “Sentinel“and “StressTester”, that will underpin its financial performance for 2017.

The highlights

In 2016, SPO Global have paid old debt amounting to $258,000. They finalized a revised funding deal for $500,000 with Blackbridge Capital. The existing business plan is to focus on building client base and increasing revenues. Owen Dukes, the CEO, said that talking about increasing revenue and expanding customer base is a common used expression, that almost all CEOs like to use. However, he would like to report shareholders that they recorded a real valuable business with clients coming in from across the world.

SPO Global has considerable plans put in place for recording strong performance in this year. They have a sales pipeline for FY2017 with the existing value of more than $700,000 and it is growing. One of the major areas for company’s shareholders is usually the current share price. Dukes added that as the CEO, he can update shareholders that the market cap and current price seriously undervalues their overall business performance.

In an attempt to resolve that issue they are looking at several options that will showcase the true worth of their firm. SPO Global have recently carried out an independent valuation of its IP, and they know from other industry acquisitions and transactions, that the value of their firm is worth in surplus of $5 million. The company expects 2017 to be an exciting year. Dukes wished its shareholders a healthy and happy new year.

In the last trading session, the stock price of SPO Global jumped 50% to close the day at $0.00050. The gains came at a share volume of 260.83 million compared to average share volume of 75.05 million.

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