SPYR Inc (SPYR)

[RandyKCMO]

THOUGHTS ABOUT THE Amended S/1 A that Was released after the close yesterday.

https://ih.advfn.com/stock-market/USOTC/spyr-inc-SPYR/stock-news/79362700/securities-registration-statement-s-1-a

I just finished skimming it and while it changes the pricing of the offered/selling shares, it seems to have left the underlying warrant exercise prices in place.

If you look at my posts over the years on this board, I've fluctuated for optimistic to frustrated... to discouraged.

A number of times, I've thought... finally, here we go...

* Volume and price spikes.

* Development of Crypto Payment System

* The announcement of the accreditive acquisition

* Random burst of buying a month or so ago bringing the price per share over 30 cents per share.

* The release of new Game Tap Together

PLUS, the continued functioning and filings of the company. The company remains fully reporting. Why? Why spend that kind of money?

Today's filing of the Amended S/1a is another example. Why?

As I've proffered before, none of it makes sense if the company simply plans to fold, unlist or go bankrupt. Why would they do all this?

PLUS, I didn't recall seeing it in the S/1 but in some of the earlier filings, I've noticed that those providing operating capital have all been doing so at NON-TOXIC levels. A bunch of the debt is convertible, but at 20, and 35 and 50 cents per share. Who would do that? And Why?

I am seriously underwater in this stock. Over the last year, I have moved funds in and out of my position, but continue to hold a substantial position. Could I have traded it smarter? Absolutely. Has my average cost come down with the share price? Sure.

One more point... so far as I can tell... no one has really had much of an opportunity to make a significant amount of money off this company. I know some have voiced concern over shares being issued to consultants and contractors, well, that's how it works. When you don't have the liquidity of cash, you issue the currency you have... shares. It looks to me that the company has paid for the acquired games and the development of their new games Tap Together. This is how they've paid the consultants and sub-contractors to do the work.