Thursday, November 30, 2006 1:47:37 PM
(from an email dated 11/29):
Just got off the phone with Paul Strickland. He confirmed that there was a massive sell off (20 million shares over a week span) from La Jolla Cove Partners which brought it down.
He feels their market cap is ridiculously low and the company is extremely undervalued (obviously). They should have some market maker listed soon and it's just a matter of time (with 2.0 on schedule and actually should be released early) that SPZI will be back above a penny.
Now, it will be much easier to get a run going without this selling pressure. He sounded very excited and felt that we will see some good movement forward in terms of share price over the next month or two. He talked to a shareholder yesterday who tried to accumalate an additional 1.5 million shares at their current low and could not get the order filled. There are not a whole lot of shares out there being sold. Also, there have been rumors of a reverse which Paul stated is not going to happen.
My opinions are my own. This message in no way constitutes a recommendation to buy or sell any particular stock.
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