Speizman Industries Inc fka SPZN

[scion]

Trading Suspensions: 34-61187 Dec. 17, 2009 American Sports Development Group, Inc., Cybernet Internet Services International, Inc., Cyper Media, Inc., Frisby Technologies, Inc., Graphco Holdings Corp., Investors Insurance Group, Inc., ITC Learning Corp., Speizman Industries, Inc.

SECURITIES EXCHANGE ACT OF 1934 Release No. 61187 / December 17, 2009

The U.S. Securities and Exchange Commission announced the temporary suspension of trading in the securities of the following issuers, commencing at 9:30 a.m. EST on December 17, 2009 and terminating at 11:59 p.m. EST on December 31, 2009:

• American Sports Development Group, Inc. (ASDP)
• Cybernet Internet Services International, Inc. (ZNET)
• Cyper Media, Inc. (CYPM)
• Frisby Technologies, Inc. (FRIZQ)
• Graphco Holdings Corp. (GHCP)
• Investors Insurance Group, Inc. (IIGI)
• ITC Learning Corp. (ITCC)
• Speizman Industries, Inc. (SPZN)

The Commission temporarily suspended trading in the securities of the foregoing companies due to a lack of current and accurate information about the companies because they have not filed certain periodic reports with the Commission. This order was entered pursuant to Section 12(k) of the Securities Exchange Act of 1934 (Exchange Act).

The Commission cautions brokers, dealers, shareholders and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by these companies.

Brokers and dealers should be alert to the fact that, pursuant to Exchange Act Rule 15c2-11, at the termination of the trading suspensions, no quotation may be entered relating to the securities of the subject companies unless and until the broker or dealer has strictly complied with all of the provisions of the rule. If any broker or dealer is uncertain as to what is required by the rule, it should refrain from entering quotations relating to the securities of these companies that have been subject to trading suspensions until such time as it has familiarized itself with the rule and is certain that all of its provisions have been met. Any broker or dealer with questions regarding the rule should contact the staff of the Securities and Exchange Commission in Washington, DC at [phone]. If any broker or dealer enters any quotation which is in violation of the rule, the Commission will consider the need for prompt enforcement action.

If any broker, dealer or other person has any information which may relate to this matter, they should immediately communicate it to the Delinquent Filings Branch of the Division of Enforcement at [phone], or by e-mail at [e-mail]

http://www.sec.gov/litigation/suspensions/2009/34-61187.pdf

See also Order
http://www.sec.gov/litigation/suspensions/2009/34-61187-o.pdf

http://www.sec.gov/litigation/suspensions.shtml

[Sola Fide]

SEC Halted
http://www.otcbb.com/marketwatch/

[Mark]

Hey Team, I am accumulating low and sitting on them. If you want to dump more at a low price please pm me and I will be happy to get on bid and pick them up. Thanks.

[Estrella]

Good DD, Thanks Team! Ready to go to Las Vegas!
;)

[Teamlasvegas]

Most Predictive Insiders
These insiders have historically proven to be the most predictive traders at SPZN, based on their average 6-month returns.

Name/
Position Buyer/
Seller Current Avg
6 Mo Return
Speizman Robert S
Directors Buyer 60.22%
Speizman Robert S
Officers Buyer 60.22%
Gorelick William
Directors Buyer 43.93%

[Teamlasvegas]

That Is All 4 Now @ .0013 I Have More @ .06x & .07x
You Can Take Out, Come & Get Them.
Get-R-Done!
Off 2 Da Casino, Later.

$$$$$$$$

Posted by: mark3554 Date: Tuesday, August 04, 2009 2:59:12 PM
In reply to: Teamlasvegas who wrote msg# 60 Post # of 62

How much you want to dump @ .0013, I'm game for more....

[Estrella]

OMG the ask is .018!
:0

[Mark]

How much you want to dump @ .0013, I'm game for more....

[Teamlasvegas]

Mark I Have A Ton & It Is A Slow Day In Vegas.
I Sold 20K @ .0013
Later, The Team.

$$$$$$

Posted by: mark3554 Date: Tuesday, August 04, 2009 2:46:42 PM
In reply to: Teamlasvegas who wrote msg# 56 Post # of 59

I hope this wakes up but I would not give up 5K shares for a 8% move.. I got a quite a bit compared to the shares outstanding....

[Mark]

I hope this wakes up but I would not give up 5K shares for a 8% move.. I got a quite a bit compared to the shares outstanding....

[Teamlasvegas]

^ Date They Will Not Take A 5,000 Sell = LOL
I Will Try 2 Sell 20,000 @ .0013 & We Go ^ 8%
Wii........
Later, The Team.

[Teamlasvegas]

Estrella I Can Wake SPZN Up!
I Will Sell 5,000 Shares @ Bid & We Will Go Up 8%
We Have A 3.9 Thousand
Market Capitalization
With 3.3 Million
Shares Outstanding
Insiders & Me Have Most Of The Shares & Float.

Top Insider Holders
These insiders own the most common shares.

Name/
Position Total
Holdings
Speizman Robert S
Officers 440,010.00
Nationsbank Of North
Beneficial Owners 240,776.00
Gorelick William
Directors 100,000.00
Speizman Bryan D
Officers 62,550.00
Speizman Mark A
Officers 47,864.00
Berkowitz Steven P
Directors 45,700.00
Sklut Josef
Directors 10,600.00
Davis C Alexander
Officers 6,000.00
Lea Scott C
Directors 5,000.00
Show Me:
Trailing 12-Month Activity 5-Year Monthly Averages Trailing 5-Year Activity
Insider Sentiment for SPZN is

[Teamlasvegas]

Mark I Can Wake SPZN Up!
I Will Sell 5,000 Shares @ Bid & We Will Go Up 8%
We Have A 3.9 Thousand
Market Capitalization
With 3.3 Million
Shares Outstanding
Insiders & Me Have Most Of The Shares & Float.

Top Insider Holders
These insiders own the most common shares.

Name/
Position Total
Holdings
Speizman Robert S
Officers 440,010.00
Nationsbank Of North
Beneficial Owners 240,776.00
Gorelick William
Directors 100,000.00
Speizman Bryan D
Officers 62,550.00
Speizman Mark A
Officers 47,864.00
Berkowitz Steven P
Directors 45,700.00
Sklut Josef
Directors 10,600.00
Davis C Alexander
Officers 6,000.00
Lea Scott C
Directors 5,000.00
Show Me:
Trailing 12-Month Activity 5-Year Monthly Averages Trailing 5-Year Activity
Insider Sentiment for SPZN is

$$$$$$$$$$$


Posted by: mark3554 Date: Friday, July 24, 2009 6:30:10 PM
In reply to: Estrella who wrote msg# 48 Post # of 55

This one needs to wake up...

[Estrella]

Yes!
;)

[Mark]

This one needs to wake up...

[Teamlasvegas]

It L(.)(.)Ks That Way.
Price Size Exch Time
0.001 200 OTO 10:32:45
Now We Can Buy Up The .001/2/3
( :>)
Later, The Team.

$$$$$$$$$$

More paint coming out...

[Mark]

More paint coming out...

[Mark]

Agree Team, will continue to hold and may accumulate more...

[Teamlasvegas]

Mark SPZN Is A Buy & Hold.
.001 @ .02
If You Can Buy @ .001/2/3
Very Thin With The O/S
Later, The Holding Team.

[Teamlasvegas]

Market Cap Now @ 65K

Reuter As Of Jan 30, 2009.

A/S 20M
O/S 3,255,428
Insiders Own 25%

Company had outstanding federal and state net operating loss carryforwards (“NOLs”) of approximately $4.8 million and $12.2 million, respectively. These carryforwards expire at various dates through 2023. During the six months ended December 27, 2003, the Company has increased its valuation allowance from $200,000 to $1,340,000 related to operating loss carryforwards, since it is not likely that all of the loss carryforwards will be realized prior to their expiration.

[Estrella]

SPZN one of my favorites...
;)

[Estrella]

SPZN only 3m O/S, with a little bit of volume just fly!
;)

[Estrella]

Great buy! SPZN one of my favorites!!
;)

[Mark]

SPZN, grabbed some today...

[Teamlasvegas]

V = 0 EOD
ZZZZZZZZZZZZZzzzzzzzzzzzzzzZZZZZZZZZZZZ!

[Teamlasvegas]

I Just Put In A AON Day Sell @ .01
Will Post @ EOD
.01 @ .018 Now
V = 0

[Estrella]

MM CARR is asking .05!
;)

[Teamlasvegas]

One Buy @ Ask 2-Day .0185
Price Size Exch Time
0.0185 5000 OTO 14:34:11
The MM Came Down On The Ask .018 (after the trade) & Up
On The Bid From .005 To .01

[Teamlasvegas]

Bid Went From .005 To .01
Hmmmmmmmmmmm!
What Up?

[Teamlasvegas]

NOL's
Note 5. Taxes on Income

For the six months ended December 27, 2003, the Company has not recorded any income tax benefit as a result of management’s assessment that the Company may not be able to realize certain tax benefits from net operating loss carryforwards. At December 27, 2003, the Company had outstanding federal and state net operating loss carryforwards (“NOLs”) of approximately $4.8 million and $12.2 million, respectively. These carryforwards expire at various dates through 2023. During the six months ended December 27, 2003, the Company has increased its valuation allowance from $200,000 to $1,340,000 related to operating loss carryforwards, since it is not likely that all of the loss carryforwards will be realized prior to their expiration.

[Teamlasvegas]

SPZN Has A Market Cap Of $65,100

Company Market Cap YTD Price Performance
SPZN
Speizman Industries, Inc.
65.1K +33.3%

[Estrella]

SPZN @ .02!!!

[Estrella]

3.2M O/S...Love it!
;)

[Teamlasvegas]

Estrella It Looks The Same 2 Me.

As Of Oct 11, 2007
A/S 20M
O/S 3,255,428
Insiders Own 25%

http://investorshub.advfn.com/boards/read_msg.asp?message_id=23699541

[Estrella]

TeamLasVegas, is it that gorgeous?
Less than 140,000 increase in O/S and just with a little bit of volume FLY!!! Can you imagine with news? This is one of the lowest O/S stocks out there. SPZN was $8.00 some time ago....
;)

[Estrella]

Ohh NOoooooooooo! You miss it???
:*(
I miss the whole action today too in Magic Kingdom. Is nice to see SPZN in green again. Perhaps something in the works...Low O/S love it!

[Teamlasvegas]

Reuters - As Of Mar 18, 2008
20M AS 3,396,228 Issd Less 140,000
Shares In Treas. Insiders Own 25%


Posted by: Teamlasvegas
In reply to: None Date:10/9/2007 12:29:18 PM
Post #of 31

Oct 3, 2007
A/S 20M
O/S 3,255,428
Insiders Own 25%
Last Price .019

[Teamlasvegas]

Trades 4 The Day.
What Up?

Price Size Exch Time
0.02 5000 OTO 13:53:56
0.0155 5000 OTO 13:53:48
0.011 5000 OTO 13:53:36
0.009 5000 OTO 13:53:28
0.0079 10000 OTO 13:53:09
0.004 5000 OTO 13:52:51
0.004 29767 OTO 09:32:53

[Teamlasvegas]

Ask .0185 Up 1,233% On<<<<<<<< EDIT L .02
Low Volume = 64,767

[Teamlasvegas]

Reuters - As Of Mar 18, 2008
20M AS 3,396,228 Issd Less 140,000
Shares In Treas. Insiders Own 25%

[HDOGTX]

Wow, was looking around and damn up +1200 in seconds

[HDOGTX]

Saw that too, gona look to see if there any updates

[Estrella]

SPZN @ .004!
Great MM's line up, very thin!!
;)

[Teamlasvegas]

Old But Good Read

As Speizman illustrates, small textile-centered companies can be winners for speculators. "Textiles have pronounced cycles," says Stuart Vaughn, managing director of Scott & Stringfellow's North Carolina offices. "But year in and year out, people make a lot of money in them."

Speizman recently wrote off $89,000 for used equipment it had taken back. "That amounted to a penny or two a share in earnings," says Thad Faison, analyst with Interstate/Johnson Lane, broker for last fall's stock offering. Such a write-off would have been petty cash for, say, Burlington Industries, with its $2 billion-plus sales.

But upturns also result from a small company's ability to remake itself. The company Morris Speizman started in 1937 manufactured its own machines, which were used to produce stretch fabrics in the '70s and '80s. When that fabric became an icon of bad taste, Speizman was caught with its double-knit pants down: Having sold hundreds of mechanical knitters "with recourse," it was forced to take back $80 million worth.

"Over the years, we manufactured over 5,500 of our own mechanically oriented machines, the Amy," says Josef Sklut, vice president for finance of Speizman, "Our foreign friends were busy developing electronic machines. We didn't have the working capital to catch up, and they were spending millions on R&D." With Speizman's son, Robert, as CEO, the company struck a deal with Italian machine maker Lonati: Speizman would abandon manufacturing and get U.S. distribution rights from Lonati, which sells 75% of the world's computerized sock-knitting machines. The Lonati machines accounted for 72% of sales last year. Revenue has nearly doubled since 1990, while earnings soared from $309,000 in 1990 to $2.3 million in both 1992 and 1993.

With things looking up, management moved last year to turn a family-controlled company into a full-fledged public corporation. Speizman Industries netted $9.3 million in an offering last fall; shares in public hands increased from 850,000 to 2.6 million. Robert Speizman sold 400,000 shares, about $4.75 million, but held on to 705,000 shares -- 32%. Three outside directors, including former Rexham Corp. CEO Scott Lea, joined the board of directors.

Such a heavy reliance on a single supplier obviously can be a problem. "Any time you're buying offshore, you've got some extra risk," Interstate's Faison says. But Speizman experienced only a few minor delays in deliveries last year and no significant order cancellations, Sklut says.

Alba-Waldensian is a slightly larger but equally obscure textile company. It employs 950 making hosiery, medical-specialty products, women's intimate wear and other lines. Like Speizman, the company has gone through tumultuous times but appears to be rebounding. "We did some downsizing several years ago and shed some low-margin lines," Irwin says. "Our sales dropped, but we increased profitability."

Bolstered by the acquisition of an imported-goods distributor, Alba-Waldensian's sales rose 25% last year. (Excluding the acquisition, sales were up 9%, Irwin says.) Net income fell 37% to $984,478 due to one-time charges of nearly $1 million because of expected losses from a key customer's bankruptcy filing and expenses from an acquisition that fell through. Excluding those charges, earnings would have topped $1.6 million, about 90 cents a share. That may explain why the stock, which has fluctuated between $5.88 and $12.13 in the past two years, was trading at $11.25 at the end of May.

Adding to the speculative nature of Alba-Waldensian is the 50% ownership of Clyde Engle, a Chicago financier who has invested with varying degrees of success in small Tar Heel companies, including Wellco Enterprises of Waynesville and Sunstates Corp. (formerly Acton Corp.) of Raleigh.

Lida, meanwhile, shows how the strength of a niche can quickly turn into a weakness. The company achieved success with novel manufacturing techniques such as printing directly on stretch materials. But its real secret was hitting the market when demand for IPOs was red-hot. The Kier family took out 75% of the $28.5 million raised from investors, but its success quickly attracted imitators and margins evaporated.

In 1993, despite a slight sales increase to $88.6 million, the company lost $3.2 million, compared with profit of $1.9 million the previous year. In response, the Kiers cut their pay 33% and reduced staff by 8%. "Our current efforts are focused on generating expanded sales," CEO Isaac Kier says.

[Teamlasvegas]

I Had 2 Go Back 4 This.
After The .006 Trade The Ask Was .01
Than NITE Came In With A Ask Of .001 5,000 Shares
I Put In A Buy @ .001 & Filled
Score Is Team 1 & NITE 0
<<<<<<<< A Weeeeee 4 Roy!

Price Size Exch Time
0.015 3000 OTO 15:51:56
0.001 5000 OTO 15:48:45 <<< A Roy Weeeeeee!
0.006 10000 OTO 15:20:43

[Teamlasvegas]

SPZN
EOY .015 Up 650%
On 18,000 Shares Traded <<2/Funny!

[Teamlasvegas]

WOW & OMG Up 200% 2/Day!
No I Will NOT Tell You Why.
Later, The ZZZZROYZZZZ Team.

[Teamlasvegas]

SooooooooooooN! Very Soon Or Next Year!
ZZZZZZZZzzzzzzzzzzbuyzzzzthiszshell.com

A/S 20M
O/S 3,255,428
Insiders Own 25%

Price Size Exch Time
0.006 30000 OTO 14:39:55
0.0055 30000 OTO 14:39:55
0.002 5000 OTO 10:41:59
0.0055 5000 OTO 11/30
0.0055 8000 OTO 11/30
0.002 226 OTO 11/29
0.005 5000 OTO 11/29
0.0055 10000 OTO 11/29
0.0055 200 OTO 11/28
0.008 5000 OTO 11/28
0.008 5000 OTO 11/28
0.01 5000 OTO 11/21
0.01 5000 OTO 11/21
0.012 5000 OTO 11/15
0.015 20000 OTO 11/02
0.015 20000 OTO 10/29
0.012 30000 OTO 10/26
0.012 5000 OTO 10/26
0.012 10000 OTO 10/26
0.015 5000 OTO 10/22
0.015 6000 OTO 10/22
0.015 30000 OTO 10/15
0.015 5000 OTO 10/15
0.015 20000 OTO 10/11
0.015 10000 OTO 10/11
0.015 2400 OTO 10/10
0.019 5000 OTO 10/03
0.019 5000 OTO 10/03
0.015 5000 OTO 10/03
0.015 5000 OTO 10/02

[Teamlasvegas]

drgabe
^ Date
As Of Oct 15, 2007
A/S 20M
O/S 3,255,428
Insiders Own 25%

$$$$$$

Posted by: Teamlasvegas
In reply to: Teamlasvegas who wrote msg# 9 Date:10/15/2007 3:25:15 PM
Post #of 19

As Of Oct 11, 2007
A/S 20M
O/S 3,255,428
Insiders Own 25%

[Teamlasvegas]

drgabe IMO A 13g Will Be Filed Very SooooN! (5-20%)
A 13d Will Be Filed SoooooooN After (over 20%)
IMO It Is Hard To Move A CPA Or Harvey A
Investment Advisor......
Time Will Tell - 2 Slow 4 Me.

$$$$$$


Posted by: drgabe
In reply to: None Date:10/22/2007 1:51:57 PM
Post #of 18

Question if the company exited bankrupty, interesting that ceo put 350k of his own money in settlement. Would be interesting to find out who bought Etrade 14 % stake and hasn't filed with sec greater then 5% interest. If anyone finds information if out of bankruptcy please post.