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I agree. Very interesting.
GS bought 20M shares at the beginning of March.
From the 8-K PRIOR to the one after GS:
NOTHING about meeting the June 30, 2021 deadline.
March 31, 2021
Letter to Shareholders
As this first quarter of 2021 comes to a conclusion and it’s been over a year since the world has been negatively impacted by the Covid-19 pandemic, Management wants to take this moment to offer a brief update to our shareholders.
Our Company has been focused heavily in the retail industry; with retail stores, a fashion group that sells to retailers and technology designed to make physical stores appealing to consumers again. Our technology for example was designed around interactive touch screens and mirrors to engage consumers. To demonstrate that technology and sell our retail fashion products in October 2019, we purchased a small group of retail stores with operations in what was then located in the best retail locations,Airports and Casinos. That acquisition resulted in the Company’s first million-dollar plus revenue quarter! A great milestone for us.
Then on March 2020, the Covid-19 Pandemic hit and all of our operating companies were impacted. Our retail stores were closed by governmental order and even our fashion factories were closed for a time. With the advent of Covid-19 we quickly realized that no one and I mean no one is going to interact with a touch screen again!
We have survived by squirreling cash, selling new products like face masks (which were designated as an essential business for manufacturing), and refocusing our technology on products that can still help smaller retailers. Our next technology won’t require the consumer to touch anything. We have been developing what we think is a killer mobile app that will appeal to consumers,build up brands and generate huge growth. Due to the intense competition in the App space we are not at liberty to share more details until we launch in Beta.
Our management team strongly believes in what we can and will accomplish for retailers and in which our shareholders can benefit from in the future. We believe it was vitally important to make sure the Company survived this pandemic shutdown and would be able to quickly restart our operations and transition our technology to perform in the post pandemic world that is coming.There was and is not enough capital to do everything, but our priorities stayed focused on our operating companies. To limit the immediate cash burn, we were unable to fully engage auditors and attorneys to maintain our SEC filings on a current basis and since we have more than 1,500 shareholders, we don’t qualify for a Form 15 filing so we could not do alternative filings with OTC markets. While this is unfortunate, I believe that most of our shareholders understand that there hasn’t been much activity throughout this period due to the Covid-19 shutdowns anyway.
At this time some of our fashion factories are again producing goods and we have once again begun shipping in volume!Our retail franchise stores should continue their re-opening as air travel and tourism starts to increase. We have chosen the team and begun development of our new cutting edge mobile App and we are interviewing auditors to see when we can get our SEC filings current. I can safely say that this shut down while very damaging has not daunted our spirits and resolve for the future!
I want to thank all of our loyal long suffering shareholders for their patience and support throughout this period. I know it’s been very difficult! And I want to be clear that the purpose of this letter is not to advocate or induce any reader to purchase, hold or sell our stock at this time! All of the necessary disclosures that are in our SEC filings are outdated and no one should make investments decisions without current information! Rather this letter has been provided so that our shareholders would know we are still here working very hard and have a plan. In the not too distant future we plan to have current filings posted with the SEC and then after you have read those filings you can make an informed decision on whether you want to buy, hold or sell our stock.
She said GS should have done things differently by reaching out to the company and offering to help them get current, BUT she just testified earlier that GS HAD reached out to them with exactly that offer! They turned him down. Uh oh!
"It was always the plan . . ." Repeated over and over - that's their go to pathos.
The boss left her hanging??
"I can look it up" "I don't have that information off the top of my head" "I don't remember her/his name"
Apparently not!
She is trying to defend the company, but does not seem to have very much information for a person who is supposed to be handling finances. "I don't have that number in mind . . ." The company was spending money on salaries, but did not have enough $$ to bring the company current! When GS filed the lawsuit, they suddenly got interested in bringing it current.
This one seems to move easily on low volume. Now, if we can just get the good news and the buyers . . . I'd say .35 is doable, if not .50.
For sure . . . the last of the filings are much closer than when Alois said "days or weeks" back in mid-April. Let's get that REVENUE number out!
The yearly chart looks like this wants to keep moving up. Why not? Another lotto play in the OTC.
Added a few for the Sharp Lotto.
Got it. Thanks. If anyone else is looking, you will need to click on the menu arrow by "symbol changes" and scroll down to select "tier changes" - then scroll down to 3/31/2021
When I scroll down to March 31, 2021, I do not see the change of which you speak. Can you copy and paste the text? Maybe I am looking in the wrong place.
I've been trading pennies for quite a while with TDA.
TDA will not allow opening positions on this due to DTC chill.
Okay, it's my turn to say it: I was wrong! But, at least you guys and gals made being wrong entertaining for a few months. Cheers! GLTA.
Thanks for sharing.
I just opened it.
SPOOZ, INC. to Become Compliant With OTC Markets Reporting Obligations
Spooz Logo
Clearwater, Florida May 13, 2021 (Issuewire.com) - SPOOZ, INC. (OTC: SPZI) (“Spooz” or the “Company”) is pleased to announce that it has commenced the process to resurrect Spooz. The Company has been dormant since 2008.
On January 11, 2021, ten thousand (10,000) shares of SPZI traded in the public marketplace. This event incentivized the Company’s former management, including its former Chairman and CEO, Paul D. Strickland, Jr. and Director and former COO, Errol Stone, to bring Spooz, Inc., current and compliant with any and all federal and state regulatory agencies. That effort is underway.
Since January 11, 2021, significant trading volume occurred for SPZI shares, and on April 29, 2021, the volume of shares traded approached 2.2 billion. As of this date, SPZI continues to exhibit significant volume on a daily basis. The Company and its former Officers and Directors have in no way participated in, organized, directed or executed any trading activity in SPZI whatsoever and have derived no benefit from such trading activity, and further, disavow any knowledge, including the identities of the parties engaging in such activity.
Spooz, Inc., has retained its original technology in the form of all technical architecture and specifications for SpoozToolz which must be updated. Spooz former Officers and Directors believe the SpoozToolz technology to be as relevant in today’s marketplace as when originally developed, especially considering the advent of electronic trading of digital assets (including, but not limited to, cryptocurrencies). Mr. Strickland stated, “I am exceedingly pleased that we may have an opportunity to complete what we began at Spooz years ago and look forward to an exciting future for the Company and its loyal and patient shareholders. However, there can be no assurances, expressed or implied, that we will be able to accomplish our goals.”
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, which are subject to a number of risks and uncertainties, many of which are outside Spooz’s control. These include but are not limited to the impact of competitors’ products, services, and pricing; product demand; market acceptance; new product development; reliance on key strategic alliances; the regulatory environment; fluctuations in operating results; and other risks which are detailed from time to time in the Company’s filings with the Securities and Exchange Commission and/or OTC Markets. Spooz, its former Officers and Directors disclaim any obligation to update or alter its forward-looking statements whether as a result of new information, subsequent events, or otherwise.
Investor caution/added risk and uncertainties for investors
On April 8, 2020, SEC Chairman Jay Clayton and William Hinman, the Director of the Division of Corporation Finance, issued a joint public statement on the importance of disclosure during the COVID-19 crisis.
The ultimate impact of the COVID-19 pandemic on the Company’s operations is unknown and will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the duration of the COVID-19 outbreak. Additionally, new information may emerge concerning the severity of the COVID-19 pandemic, and any additional preventative and protective actions that governments, or the Company, may direct, which may result in an extended period of continued business disruption, reduced customer traffic, and reduced operations. Any resulting financial impact cannot be reasonably estimated at this time.
Media Contact
Spooz, Inc.
*****@gmail.com
312-402-7737
1001 Starkey Rd. #357
http://spooz.com
Categories : Software
Tags : Spooz
Stock Ticker : SPZI
Some folks needed beer and hotdogs money. I get it. Let's see if the trend continues next week.
Bad weed . . .
Added a few milly to see what happens with this baby too.
Most MMs don't show their true size to anyone at anytime, and . . . size matters. Love the games, but the $$$ more.
George is no doubt working hard to bring the company current, at which time the STOP sign will come down and the real money flow will come our way. Then, when the new entity is announced and the RM is verified, well . . . just don't be on the sidelines.
Two theories:
1. The person(s) who got all the shares after Sept 2020 is/are dumping many of them for whatever reason.
2. "They" have a good idea of the target RM company and are loading the hell out of this stock with help from the manipulators.
Of course, there are more.
Those two statements are not necessarily cogent. A whale or two may have left or sold some shares to buy (probably GVS*I), but that does not mean this was all BS. Watch and learn.
OR . . .
We're about to get the revenue numbers . . . ! Oh, you know they will play big games to load up on shares.
In reference to CDEL - y'all have probably already seen this:
https://www.bloomberg.com/news/articles/2021-05-05/gensler-signals-new-rules-that-could-threaten-robinhood-citadel
Well, at least some of that reps downline are earning that much per week/month - I don't know if it is all of them, but your point stands regardless of the actual numbers - there are people out there making serious money with these products. No doubt. What will revenues be for Q1? Q2? IDK, but one thing we can be confident of . . . they are GROWING while we wait!
Didn't add any at any price, but didn't sell any at any price either - still holding for the Big Run, when Father George tells his children what the dessert will be after dinner! Crypto? Tech? Energy? Futurism? What's Daddy George gonna bring us?
Money will come. Time, it just takes time. The impatient will always lose, and always find a reason why she sold too soon. Stay the course. Keep the faith. Slap that A$$!
Still waiting, still watching. Money grows for he who knows.
Are you confusing earnings with revenue? I thought the revenue number was $10-12M, not earnings.