SPO Global Inc (PK) (SPOM) News

Honestly ya they need to at the very least update us this week or next monday when the quarter ends otherwise people are definitely gonna continue jumping ship. They said Q3 and its been radio silence. At least keep people who are invested in the loop for the timeline if its delayed.

Maybe on November 15th they will announce that they expect to close it in the 4th quarter and then when they release their annual 135 days later, maybe they will dangle the carrot a little more.

None of it matters until we get news and find out who the company is

Interesting read that i found on LinkedIn while searching keywords "Sinai Marble."
A report done by the site, reliable research. It lists Sinai fairly high on their list of top revenue producing architectural marble companies worldwide.

The free online posted section of the report cut off before getting to any dollar figure for Sinai though, as you can see at the bottom.

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Architectural Marble Market Trends and Analysis
Opportunities and Challenges for Future Growth (2024-2031)

InsightRonics
June 6, 2024

The global market overview of the "Architectural Marble Market" provides a unique perspective on the key trends influencing the industry worldwide and in major markets. Compiled by our most experienced analysts, these global industrial reports offer insights into critical industry performance trends, demand drivers, trade dynamics, leading companies, and future trends. The Architectural Marble market is projected to experience an annual growth rate of 9% from 2024 to 2031.

Architectural Marble is a type of marble that is specifically chosen for its durability, versatility, and aesthetic appeal in architectural projects. It is commonly used in various architectural applications such as flooring, wall cladding, countertops, and decorative elements due to its unique veining patterns and luxurious appearance.

The purpose of Architectural Marble is to enhance the visual appeal of a building or space, while also providing functionality and longevity. Its timeless beauty and high-end look make it a popular choice among designers and architects.

The advantages of Architectural Marble include its durability, resistance to scratches and heat, ease of maintenance, and ability to increase the value of a property. It can also help in creating a sophisticated and luxurious atmosphere in any space.

The growth of the Architectural Marble Market is expected to be substantial, with a projected CAGR of 9% during the forecasted period. The increasing demand for high-quality and aesthetically pleasing building materials is expected to drive the market growth further.

The Architectural Marble Market Analysis by Types is Segmented into:
Natural Marble
Artificial Marble

There are two main types of architectural marble - natural marble and artificial marble. Natural marble is made through the process of mining and cutting stone from quarries, while artificial marble is produced by mixing marble powder with resin and pigment. Both types offer a range of colors and patterns, making them versatile options for architectural applications. This variety, as well as the durability and luxurious appearance of marble, helps to boost the demand for architectural marble in the market.

The Architectural Marble Market Industry Research by Application is Segmented into:

Residential Buildings
Public Buildings

Architectural marble is commonly used in residential buildings for flooring, countertops, and bathroom vanities. In public buildings, it is often used for grand entrances, staircases, and decorative features. The fastest growing application segment in terms of revenue is in commercial buildings, specifically in luxury hotels and high-end retail spaces where architectural marble is used for dramatic focal points and elegant designs. Architectural marble is sought after for its durability, versatility, and luxurious aesthetic, making it a popular choice for both residential and public buildings.

Architectural Marble Market Trends

Sustainable architecture: There is a growing demand for sustainable building materials, including environmentally friendly and energy-efficient designs, which are driving the use of Architectural Marble in green buildings.

Digital technologies: Virtual reality, 3D printing, and Building Information Modeling (BIM) are revolutionizing the design and construction processes, offering new possibilities for using Architectural Marble in innovative ways.

Customization: Consumers are seeking unique and personalized designs, leading to the demand for custom-made Architectural Marble products to fit individual preferences and requirements.

Health and wellness: The focus on creating spaces that promote well-being and health is driving the use of Architectural Marble for its natural beauty and durability, contributing to the market growth.

Geographical Spread and Market Dynamics of the Architectural Marble Market

North America: United States Canada
Europe: Germany France U.K. Italy Russia
Asia-Pacific: China Japan South Korea India Australia China Taiwan Indonesia Thailand Malaysia
Latin America: Mexico Brazil Argentina Korea Colombia
Middle East & Africa: Turkey Saudi Arabia UAE Korea

The Architectural Marble market in North America is driven by the demand for high-quality, luxury building materials, with key players like Levantina and Polycor Inc. dominating the market. In Europe, countries like Germany, France, and Italy are also significant markets for architectural marble, with companies like Antolini and Amso International leading the way. The Asia-Pacific region, particularly China and India, offers growth opportunities for companies such as Xishi Group and Mumal Marbles Pvt. Ltd. In Latin America, markets like Mexico and Brazil are emerging as key players, with companies like Best Cheer Stone Group and Xiamen Wanli Stone Stock expanding their presence. The Middle East & Africa, including Turkey and Saudi Arabia, offer potential for growth, with companies like Temmer Marble and Sinai Marble making a mark in the market. Key growth factors for the architectural marble market include increased construction activities, growing urbanization, and rising disposable income.

Growth Prospects and Market Forecast for the Architectural Marble Market

The expected Compound Annual Growth Rate (CAGR) for the Architectural Marble Market during the forecasted period is projected to be around X%, driven by various innovative growth drivers and strategies. One of the key drivers for the market growth is the increasing demand for luxury interiors and exteriors in commercial and residential buildings, leading to a higher adoption of architectural marble for its aesthetic appeal and durability. Moreover, the growing trend of using sustainable and eco-friendly materials in construction projects is also expected to boost the market growth.

To further increase the growth prospects of the Architectural Marble Market, businesses can deploy innovative strategies such as expanding their product offerings to cater to diverse customer requirements, leveraging advanced technologies for efficient production processes, and focusing on market expansion in emerging economies. Additionally, incorporating customization options to meet the unique design preferences of clients and offering value-added services like installation and maintenance can also differentiate companies in the market and drive growth. Overall, by embracing these innovative deployment strategies and trends, the Architectural Marble Market is poised for significant growth in the coming years.

Architectural Marble Market Competitive Landscape

Levantina
Polycor inc
Indiana Limestone Company
Vetter Stone
Topalidis S.A.
Dermitzakis
Antolini
Amso International
Pakistan Onyx Marble
Temmer Marble
Sinai Marble
Dimpomar
Mumal Marbles Pvt. Ltd.
Aurangzeb Marble Industry
Best Cheer Stone Group
Xiamen Wanli Stone Stock
Xishi Group
Jinlong Yu Marble
Kangli Stone Group
Fujian Dongsheng Stone
Xinpengfei Industry
Hong Fa Granite

Levantina is a leading player in the architectural marble market, known for its high-quality products and innovative designs. The company has a strong global presence and a solid reputation in the industry.

Sales revenue of Levantina: $500 million

Polycor Inc. has been making waves in the market with its sustainable practices and eco-friendly products. The company has been expanding its product offerings and investing in new technologies to stay ahead of the competition.

Sales revenue of Polycor Inc.: $300 million

Indiana Limestone Company has a long history in the industry, dating back to the 19th century. The company is known for its classic designs and high-quality limestone products.

Sales revenue of Indiana Limestone Company: $150 million

Vetter Stone is a family-owned company that has been in the business for over a century. The company has a strong presence in the US market and is known for its commitment to customer satisfaction.

Antolini is a premium brand in the market, offering exotic marble and stone products to high-end customers. The company has been expanding its presence in the luxury segment and has seen strong growth in recent years.

ELTP is a very good one, a giant in the making. Huge commercial drugs, very huge. I like AZRH, waiting to get current then I will go heavy.

LoL. Well that backfired. No cheap shares for you. Of course there is a merger coming

Late action, finally got some volume.
Not a bad day, or week.
But it is still a waiting game.

Is trading halted or has there just literally been no action at all today?

(Insert Laughing Emoji)

I speak TrendTrade, so I will translate for you, his answers, since he was involved in a hit and run post (on this board, and I am a witness, he was definitely at fault) and is apparently unable to answer for himself...

Q: What proof ya got there’s no merger?
A: I KNOW JACKS*+#! ABOUT SPOM.
I JUST LIKE TO POST NEGATIVE CRAP ON EVERY BOARD ON IHUB, AS MANY AS POSSIBLE, LIKE A HOBO GOING FROM TRAIN TO TRAIN EACH TRADING DAY ON THE MBTA'S ORANGE LINE.

Q: Are you guessing, or just spreading misinformation you have no clue about?
A: F*** YEAH, AND F###! YES.
THIS IS WHAT I DO. I JUST WISH I COULD TYPE LOUDER SOMEHOW. 
I AM IHUB's VIOLENT VOLUME VAGRANT.

What proof ya got there’s no merger? Because all things point to it already in progress? Are you guessing, or just spreading misinformation you have no clue about?

NEW GROUP OF BAGHOLDERS ON THE FAKE MERGER...WARNED!

Nine million? wow, You are Dr. SPOM!


yeah, the "float" seems like such a difficult thing to measure accurately. I'm surprised they even list a number.

The last quarter filing ending 6/30/2024 shows a public float of 33,587,299 https://www.otcmarkets.com/otcapi/company/financial-report/409656/content page 2

There’s no way the float is 8.5M. I own 9M for F’s sake. Its 289M. But still very attractive.

Thanks good luck to your jester

Absolutely couldn’t even begin to estimate that. Especially how this Market is lately. To many factors unknown at the moment.

Ya I am hopeful they pull through on the planned merger. Would love to have my first success story in stocks haha

Welcome. I hope we all get rich. Nice to "see" new posters here and inject some more life to the board.

But at this point, SPOM is still a bit of a calculated (albeit likely profitable) stab in the dark in an otherwise, overall, crappy market.

Looking at the 9/17 share update, anyone else encouraged by the 8.5M "float"?

Seems attractively low to me.

Well hopefully they are right. I have only been playing with stock for about a month and half and in very low amounts of money, or at least it seems that way since everywhere I look it seems like people are buying millions of shares. But either way, I am hopeful of a good move. If you want some other stocks to look into though you should check out ZHUD and AZRH as well as ELTP. The first two are in the process of being acquired and ELTP has some incredibly good DD posted. To my limited knowledge, those three stocks look like excellent plays to me but again, I am new to this and just trusting people who have done more research than I have the time to do. Best of luck.

Thank u...couple intelligent minds on this play,so they say follow the money,I like following the Brains...

Wish we knew but I do not think they have released anything related to the merging company so its really anyones guess at this point. Pretty sure they said it would be in Q3 for the merger but that ends at the end of september so they are running out of days to hold to that promise. I added more today and am hoping it pays off.

What's the expected price going to possibly be once a rmerger takes place,curious minds like to know..

And I agree. The shares issued has to be toward the new merger. Other wise no since in issuing them. Cant issue new shares to just anyone unless 1. Private investors restricted to raise cash at a certain price. 2. Or issuance of new shares to acquire a company at …. Price per share so on, which will also have to be restricted.

How do you expect them to make a deal then? Do you know how most reverse mergers or mergers work? Not through cash deals but insurance of shares.

They do need to ensure at the outset that the new ownership possesses a higher total number of shares than the number of shares already out in the market, in order to be able to claim a controlling, voting majority to make any future corporate decisions as a newly public entity, do they not?

Raising the share total to accommodate the new ownership makes sense.
Expecting or assuming the new ownership will immediately dump those shares and thus destroy the share value of their newly public company by driving it down into the trips makes no sense.

I think the biggest fear in investing just about blindly in SPOM to date, logically, has been that no reverse merger will happen at all.

That possibility, that it will fall through, doesn't get fully alleviated until we see it actually happen of course.

But to get panicked by seeing the company take the methodical and necessary share structure steps to follow through on the merger and make it a reality seems very illogical trading to me.

So I'm still in.

A company with any kind of value doesn't want or need billions of shares outstanding at low sub pennies before they even go public.

Yeah just an overreaction to the new shares O/S. I guess people don’t realize you can’t merge for free into a new Company, it’s usually don’t through an issuance of shares. Hope they didn’t sell at a loss due to the FEAR posts about the O/S posted.

The Outstanding shares were updated 9/17/24 https://www.otcmarkets.com/stock/SPOM/security most likely restricted shares for merger IMO

Uptick in volume today. hmm...

Anyone see news of some sort?

+170 million
Good luck

Well, if you also dive deeper. That owner is also what seems maybe a family business, that also branched to AMS “Allure” if you look at both Company socials they do quite a bit of impressive work. Wonder if they have more, I haven’t had time to dive deeper. However, biggest kicker to me. Is they spent the money to do so and reverse merge another company they most of felt a better fit. Prior to this, the old company held over $3 million in assets, cash and etc. So, why move away from that company to a new one? I wouldn’t think for a lesser of the two.

You must have misread the post.
I was hard rock pumping.

The softness must be a you problem.
They do have pills for that now, by the way.

Good catch on Tyrus. I'm Bmusted.

Tyrus…that’s the name of the accountant in the filings. Wouldn’t doubt if it’s you here soft pumping your bag

It is a good bet that Sinai Marble and Stone is the company that will soon be announced as reverse merging into SPOM.

There appears to be the start of a trend of natural stone companies, usually privately and family owned, venturing into the Public sector.

What better time, really, with the OTC in the absolute doldrums -- hitting "rock bottom" this year and last -- leaving investors AND traders beyond hungry for a "rock solid" company with high growth potential to get excited about?

Given the known facts to date, SPOM is a marbleous stock pick at .0026.

I'll take SPOM for a 4X run to a penny next week, Alex. Especially if the merger news gets cemented.

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In researching SPOM and Sinai I found SPOM was indeed registered as a Delaware outfit like many OTC tickers and Sinai chose to use their Orlando warehouse address because they could legally do so, and to make the merger ID less obvious than if they went with Pompano.

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Salary. com / research:

Sinai Marble & Stone Inc Salary for President BETA

Avg. Base Salary (USD)

$669,210 /year

What is the average salary for a President at Sinai Marble & Stone Inc in the United States?
Based on our data, it appears that the optimal compensation range for a President at Sinai Marble & Stone Inc is between $512,061 and $843,429, with an average salary of $669,210. Salaries can vary widely depending on the region, the department and many other important factors such as the employee’s level of education, certifications and additional skills.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

View Salary forChief Executive Officer

View Salary forSinai Marble & Stone Inc

Low $512,061

Average $669,210

High $843,429

Report this Job

Sinai Marble & Stone Inc Overview

Website:

sinaimarbleandstone.com

Size:

<25 Employees

Revenue:

<$5M

Industry:

Retail & Wholesale

SINAI MARBLE & STONE is a leading importer of natural stone, specializing in Marble, Limestone, Travertine and Paver. Our products, which are warehoused in Deerfield Beach, Florida and Orlando, Florida include all the popular types, finishes, and sizes for tiles. In addition, we carry a full range of accessories including mosaics, medallions, pool copings and moldings. We stand behind our products and assure that they meet the quality and specifications requested by each customer. Our staff works hard to make sure that every order is efficiently filled at the country of origin. We carefully monitor each order from the moment it is placed to the moment the material is received, while making sure that the customer is completely satisfied. The SMS Total Quality Control Program assures us, as well as our customers, of the high level of service, quality, and cost-effective business practices that are available. We recognize, understand, and deliver based on our customer's needs - not market conditions. We are confident in our expertise of operations and look forward to doing business with clients who value quality and professional service. To learn more about doing business with Sinai Marble & Stone, or if you have any questions or need of further information please feel free to contact us.

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Sinai Marble and Stone was founded by Mark Alzein as a natural stones wholesale and distribution company, located in South Florida. Over time the company launched many high-quality products with very competitive prices on the market. Also, SMS is able to produce and deliver special orders, cut to size tiles, pavers and architectural elements. SMS has two skillful in-house architects on the USA team to better serve customers. In 2019 SMS opened its new headquarters (showroom and warehouse distribution) in Pompano Beach, FL. Today with more than 20 years of experience and collaboration with the most qualified personnel SINAI MARBLE AND STONE is a leader import and export marble, travertine, limestone, cut to size material and architectural elements all over the world. Open to the Public!

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Last November, Marble System makes world news by going public on the Turkish exchange...

"This monumental step makes Marble Systems the first natural stone company in the world to go public, a phenomenal achievement in an industry often characterized by family-owned and privately held businesses.Nov 30, 2023

# # #
FAIRFAX, Va., Nov. 29, 2023 /PRNewswire-PRWeb/ -- Marble Systems, a global leader in natural stone manufacturing and distribution, is thrilled to announce its Initial Public Offering (IPO) on the Borsa Istanbul Exchange (Ticker: Marbl), marking a historic moment as the first natural stone tile and mosaic manufacturer in the world to go public. This landmark event underscores Marble Systems' commitment to innovation and leadership in the natural stone industry.

With a legacy of excellence spanning over three decades, Marble Systems has consistently set the standard for quality and sustainability in natural stone production. The company's diverse portfolio includes some of the world's most exquisite marble, granite, and other natural stone products, sourced responsibly from quarries across the globe.

Our decision to go public is a testament to our growth, the dedication of our team, and our unwavering commitment to the industry.

Post this

"Our decision to go public is a testament to our growth, the dedication of our team, and our unwavering commitment to the industry," said Munir Turunc, CEO of Marble Systems. "This IPO not only marks a significant milestone for our company, but also for the natural stone industry as a whole. We are proud to pave the way for more sustainable and innovative practices in the sector."

The IPO on the Borsa Exchange enhances Marble Systems' global reach, enabling further expansion, investment in cutting-edge technology, and advancement in sustainable practices. It also allows investors to be a part of a pioneering company that is reshaping the natural stone industry.

Investors can look forward to being part of a company that values craftsmanship, innovation, and sustainability. "As we embark on this new journey, we remain committed to delivering the highest quality natural stone products while upholding our responsibility towards the environment and our communities," added Turunc.

For more information about Marble Systems' IPO and future endeavors, please contact:

Brooke Greenwald
Cornerstone Communications, LTD
brooke@cornerstonepr.net
(240) 370-7036

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Turkish exchange? Congrats.
But how about taking a natural stone company for a run on the ROCK star of exchanges instead --
the OTC in the U.S. of A.
Yeah baby!!
Print up them
"Rock, Tuah!
SINAI Marble Co." TShirts now!!
(Cant wait til IGloat gets a look at THIS post LOL)

Beware, Jedi Skywalker, the Schadenfreude is especially strong with this one.

Idiots mesmerize me 24/7. Sub 5 million is more like it though. Definitely not over 80 million

... that has you mesmerized, 24/7.

Looks more like a money laundering scheme

If big if that’s the Company. Makes me wonder if it’s a combination of Companies. From everything I’ve seen they own numerous companies in this sector around Florida.

5M in revenue with high growth is 8-10x revenue. If lower growth at least 3-4x revenue. Depending on margins of course. Market cap is 2M at the moment. It would go to a penny at the very least.

In Florida multiple companies can use the same address. There's quite a few registered there. It could be anything tbh.

If that’s it, the other Co is showing $5,000,000 annually, doesn’t include Allure. However, it’s much bigger than countertops they do a lot more luxury pool, decks, all sorts of stuff. Has great reviews and a ton of projects listed on their FB and Socials. Good work. Maybe it’s a combination of Companies.

Alzein is ceo of Sinai marble and stone in pompano. Looks like less than 5 mil a year in revenue for that company. And no, I’m not saying that is the merging co…

All things point to countertops though. Haha

Also noticed this was filed on 8/6/2024 under the same exact address as the filings on 8/1 under Spo Global

https://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=Address&directionType=Initial&searchNameOrder=ALLUREMARBLE%20L240003523140&aggregateId=flal-l24000352314-55e401f5-7ebd-4a17-ac47-83e83dd06e5e&searchTerm=6343%20All%20American%20Blvd%20&listNameOrder=ALLUREMARBLE%20L240003523140

Foolish. Sure. But this is the OTC after all. Hope for everyone’s sake that is t the case…they are sure taking their time though.

That would be a foolish decision on the companies behalf at the moment. With little debt at the moment. Their best bet is to do an audit on all shares, then if they have plans of growing do a ticker change and issue new shares at a set price lowering their O/S. Nasdaq and big boards are notorious for it, but they’re better ways around it all in the otc.

I’d laugh: reverse split after merger to hammer old share holders, then the dilution faucet gets turned on and they max it out

I agree. No leaks of info. Radio silence is always a good thing.

Also if you think about it....why would they announce anything until every party had their proper shares. Would be pretty f'd up. So it explains the radio silence.