SPO Global Inc. (OTCMKTS: SPOM) is one of the biggest RM plays of the years that has taken on legendary status for its ability to make big moves. Starting off in February at $0.0113 SPOM ran to highs of $0.68. If that move was not enough SPOM dropped below a dime in early May before running over $0.60 again.
Microcapdaily has been reporting on SPOM along the way stating on February 13 when it gained 600% in one-day stating at the time: SPOM was up over 600% in afternoon trading after the Company announced it has signed a definitive agreement to acquire Gerpang Healthcare Group of Shandong in a reverse merger agreement. Gerpang has a staff of over 220 people, more than 10 international and national patents, and an annual turnover of approximately RMB 1 billion.
SPO Global Inc. (OTC Markets: SPOM) recently completed its merger with Gerpang Healthcare Group. Its subsidiary, Shandong Gerpang Biotechnology Co., Ltd. is an innovative and technological private enterprise located in the pharmaceutical Valley Industrial Park of Jinan high tech Zone. Its main business scope includes biomedical R&D, medical information software development and sales, medical high-tech introduction, medical high-quality consumables production and sales, health care products, drugs, medical equipment consumables agency and sales.
According to its website: GP Healthcare Group is located in Jinan Pharma Valley Industrial Park, High-tech District. It is an innovative technology-based private and high-tech enterprise. The group was founded by School of Pharmaceutical Science of Shandong University Prof. Fengyou Lu. Mr. Lu possesses 24 years of market operating experience in pharmaceutical market in the Greater China region, and has successfully run four foreign-funded enterprises and large private enterprises. The main business scope of the Group includes bio-pharmaceutical R&D, development and sales of medical informatization software, medical high-tech introduction, production and sales of medical quality supplies, dietary supplement, medicine, as well as agents and sales of medical equipment supplies. There are 220 staff. Besides the Group had more than 10 international and national patents, and its annual turnover nearly reaches RMB 1 billion.
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In March SPOM announced a partnership with QingDao Fuyutang Health Development Franchises Ltd. (“Fuyutang Franchise”). Mr. Fengyou Lu, the CEO of SPO Global Inc., and Ms. Jiemei Wang, the Chairman & CEO of Fuyutang Franchises have signed a partnership agreement to set up more than 100 clinics in multiple cities, to build a national wide Fuyutang Chinese Medicine Clinic Franchise in the next two years.
On May 21 SPOM announced its CEO Lu Fengyu and his business partner Yu Jianjun visited Shandong Linjie medical Co., Ltd.. The Company’s president, Mr. Wang Jianzhong, led them to visit the company’s office building, logistics center and the quality control department as the two companies discussed the key points and terms of cooperation in the “ShiPuSheng Chinese Medicine Chain Clinic Project”.
During the business meeting, the high-level leaders of the two parties discussed the cooperation, content and the intention of exchanging the shareholdings of the two parties. After the active promotion of the business of the two parties, it is believed that in the near future, Gerpang Healthcare Group,a subsidiary of SPO Global, will achieve better results in the chain operation of terminal Chinese medicine clinics, It is expected that the Chinese Medical Clinics will become a new growth sector of SPO Global. About Shandong Linjie Medical Co.
Shandong Linjie Medical Co is an important third-end outpatient medical institution product distributor in the pharmaceutical field of Jinan City. The Company currently has authorization to sell more than 4,000 medical and health products, and its business covers more than 500 Chinese medicine clinics in the jurisdiction, with an annual turnover of 250 million yuan RMB, even during the period of the coronavirus epidemic. Shandong Linjie anticipates a period of strong growth for all sectors of its business. In the next three years, under the leadership of the company’s management team, the Linjie team strives to developnewservicesfor2000 outpatient clinics.
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Currently trading at a $64 million market valuation SPOM is virtually debt free with a fairly tight stock structure with Authorized shares at 400 million, and OS at 188 million as of February 27. The new Company Gerpang Healthcare Group of Shandong, China says they have a staff of 220 people, more than 10 international and national patents, and an annual turnover of approximately RMB 1 billion. The stock has quickly taken on legendary status for its ability to make big moves. We will be updating on SPOM on a daily basis so make sure you are subscribed to microcapdaily.com so you know what is going on with SPOM.
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Disclosure: we hold no position in SPOM either long or short and we have not been compensated for this article.