Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I-Glow "
Park will say or do anything to scam unsophisticated investors. If you believe in Spooz you are an unsophisticated investor." Can you provide some convincing reasons why he would act that way? He owns no ordinary shares. You have yourself provided information about a person who was incarcerated for 15 years for swindling investors. Is Park so stupid that he is willing to swindle shareholders even though he gains nothing in return financially, do you think?
surfcast I have been an investor for 50 years. I know the name of at least one swindler in the USA who sold unregistered stock and who had to go to jail. A big swindle last year was TIO which was on NASDAQ. It had an auditor with a well-known name all over the world. But in this case it was a small branch office in Israel that did the audit we learned at one stage. In this case the leaders did not live in the USA. I find it hard to see that Mr Park would see to be in his interest to do a great swindle. For me the jury is still out.
Mr Smith My impression is that the very big contracts will be delivered in limited numbers perhaps each month over the year. These deliveries will presumably be paid along the way. I have the impression that Mr Park tries to communicate that he has sufficient credit facilities in Asia (Singapore if I remember correctly). To me it looks like a very tall order for this to suffice. Moreover, it is possible to sell hundreds of millions of shares to add to the financing. I don't have sufficient insight to be sure that it cannot be achieved, but so far I am quite sceptical.
KAM I suggest you address the view of the company you write about that it can do its business without raising money short-term. Moreover, it may not be that hard to raise the number of authorized shares. The market cap is about 40 million dollars. It should not be that difficult to raise some money if it is required to carry out contracts that could be quite profitable.
Ringrock The quiet board suggests little interest in this stock. The audited annual financials are due very soon. That may have been the reason why some have bought shares in the hope that the pps will pop as a result of better numbers than the stock market expects.
surfkast This confirms what is common in otc stocks. What is stated in public releases tends to be very different from what is filed or published in this type of document. At times one gets the impression that different companies are referred to.
I-Glow He first provided wrong information abnot out an O/S of 5 billion shares. Then he did not address my questioning that number. Later he corrected his previous mistake. I have read the financials. The most interesting information was the debt. Since the formal change happened on 1 January 2024 there is not much of interest regarding 2023.
Kool Aid Man You don't address the issue I raised this time either. How can the number of shares be raised from 5 billion shares to 5.3 turnbillon when the number of outstanding shares was higher than 5.3 billion before the date you mention? Did you check the number of outstanding shares before the turn of the year for instance? Or is the explanation that some shares are registered in Nevada and some in another state? If that is the case the question arises if the A/S was raised by almost 300 million shares previously to allow for the increase in the number of outstanding shares?
"On 2/14/224 PARK made this filing stating the company had been renamed from SPOOZE to JP3E. He also increased the number of shares from 5 billion to 5.3 billion." I don't see how that is possible since it was 5.5 billion or more before as far as I remember.
oldman69 Of course it is IQST. Now there is one more big sell order: "CDEL 0.3899 124,965 12:38
ETRF 0.39 146,400 12:54". Why did you come up with a false statement???
One market-maker has lots of shares for sale: "0.39 166,400 12:33"
rayf I know that. I see in a post in stocktwits that the subsidiaries seem to have certain links to leading telecommunication companies all over the world, including two that operate in my European country. I wonder what this means.
Could anybody explain the we what services the subsidiaries of this company actually provide?
coot "pps of that stock" Do you refer to this stock? I referred to another stock that was up several hundred percent in one day.
Kool Aid Before that I invested in SPZI because it appeared to be a stock that had potential for rising several hundred percent. The company had developed some trading algorithms that could be expected to generate a lot of profit as far as I remember. But things did not work out and the pps suffered accordningly. When the pps hd dropped to $ 0.0001 I bought about 47 million shares at that price. Later trading stopped and I was stuck for more than 10 years. The company was not broke but had gone private as far as I know. Therefore I could not use my apparent loss for tax purposes. I thought a mistake had occurred when my European broker one day I checked showed a value of more than 40,000 dollars.
Kool Aid I bought about 47 million shares in 2009 or thereabouts and sold them all when this stock came back from the dead a few years ago. Hundreds of millions of shares were traded on several days. My guess is that very few of the shareholders from 2009 are still shareholders. As far as I remember the pps had a big run a couple of years ago to about the current level.
The pps of that stock has been above 10 dollars in the last three years.
Nickels I have checked Yahoo financials. To me this pop caused by a modest new contract looks totally absurd.
RD "That money was transferred but put on hold and investigated." Do you have any idea how long that investigation will take? It suggests that some more money will be available later.
After 900,000 shares have traded today the pps is more or less back to where it started!
Crawfors Thanks! I checked that website. There were some interesting posts there.
Kool Thanks! I sometimes read too fast too and don't therefore analyse well enough and address properly the issues raised. I am not trying to move this stock in any way by the post at issue.
Crawfors What is the other message platform?
Kool Aid I suggest you read your previous post and my post once more. I cannot see the relevance of your latest post. I had expected better from you. Try one more to address my previous post!
Mr Smith "However my point was the rational behind the sale." The word you wanted to use is rationale I think.
The following is perhaps the worst general nonsense I have come across: "IF A TICKER IS LEGIT AND MANAGEMENT IS ETHICAL AND OPERATING IN GOOD FAITH THEN IT WILL LIKELY STILL BE A GOOD BUY AT 2, 3, 5, 10X THE CURRENT PRICE. BUT UNTIL THEN....... "
In most tickers that are listed the potential may be a good buy at a pps that is let's say 20% above the current pps. There are exceptions but that is the general rule based on my experience over 50 ears. In otc companies it varies a lot more. Actually the above statement implies that SPZI is likely to be an very good buy indeed if the company is legit and management is ethical and operating in good faith.
I recently sold most of my shares in SPZI and bought 155,000 shares in IQST.
Traderfan I live in Norway and different rules applied for me.
RD "after they file the tax document that will free up the $2.59 being transferred into the US account." Free up 2 dollars????
Kool These are different cases but I feel the point at issue is the same: alleged defamation of the company by posters on Ihub. The name mentioned looks like a Serbian name and it is possible that the person who threatened me and others may have been the same. No Canadian company was involved regarding the case I remember. I don't think there were more than empty threads regarding the Chinese company that felt defamed by me and others.
$$$$$$$ If 90% of otc stocks never generate a profit and keep going for some years by selling stock it is easy to find losers and difficult to find winner.. Over a few years it is much easier to be proven right if you are a basher than if you are a pumper.
Kool I have nothing like total recall. I cannot even recall the ticker. I remembered it for quite a few years but no longer. What I remember is that I contacted Ihub about it since they know my identity. I forget if I received reassurance that it would not be communicated to the person who threatened me and others.
RD Asb I think you know already I am already able to trade these stocks through AT Ameritrade which is owned by Schwab. I have been informed that my account too will be moved to Schwab in a little more than a month.
Kool Regarding criminals I had an unsettling experience more than 10 years ago. A 7-Eleven type of chain stores in China got its shares traded in the USA like a lot of small scammy Chinese companies. It turned out that the dilution of the stock was almost endless. I pointed this out in negative posts. That company had a Serbian criminal to defend their interests and there came a thread that both I and some others would be sued by the company because of our negative posts. I did not present any factual assertions about the company but suggested that the endless dilution was negative. I was not sued as far as I know. I live far from the USA.
Kool Aid Man I had you oisn ignore but I decided to check if I was mistaken. "Joke? Wanna do an autopsy on each other? I'll put my 17,415 posts up against the 24,629 pump posts you have flogged since 2012 and see who has been right more often. Based on the sheer volume of stocks you hype I'm sure you've had some winners but I guarantee you've been wrong far more than right. And that means you're responsible for duping countless schmucks into being hapless bagholders from all the garbage that you've promoted. A quick sample quickly proved me right."
I have read that 90% of otc companies never become profitable as far as I remember. In such a situation it far easier to pick losers than winners. I assume you know this. Is this kind of competition fair? But if 90% are losers 10 % could be winners.
boston I understand your reaction. I myself bought 9 million shares and then sold half of them more or less because of all the points brought up by negative posts that made me think that the risk was too high for me. Since then I have bought all those shares back. Recently good news has signfiicantly increased my confidence that John Park is not the swindler he is presented as being by bashers.
I notice that TIOG is down almost 40% today. This is clearly a high-risk stock but hardly a high-potential stock these days,
Recently it is lies about the new auditor the bashers have posted. The truth is that it has a very good reputation. In my view this is very good news because the reputation of the auditor may to some extent rub off on SPZI.
boston You have been misled I think. It shows the true colours of this basher.
"Firm Data and Audits Selected for Review Year 2023
* Total issuer audit clients in which the firm was the principal auditor 21 Files audited
Audits with Part I.A deficiencies 2 Files"
Strukture "Firm Data and Audits Selected for Review Year 2023
* Total issuer audit clients in which the firm was the principal auditor 21 Files audited
Audits with Part I.A deficiencies 2 Files"
This is very good in my book.