SPOOZ Inc (SPZI)

[Gbathat]

If it is a reverse merger, the new majority owner would be a shareholder of the private company that is taking over this shell.

Once they have ownership, they would have control of policy and fundraising tactics, within SEC regs of course.

If there were too many spzi shareholders with diamond hands, not selling, then the company might want to do financing to their friends, but that would risk their control. I don't think they can issue financing to themselves after taking over without getting in trouble with the SEC. They could compensate themselves in shares, to dilute a bit, but I think there are probably limits on how much a company can do that. Not sure though.

As we saw with the previous management, the little guys will get screwed.

If this a RM situation, a lot will depend on how deep the pockets of the buyer are, their revenues and corresponding IPO costs that they are trying to avoid, and their timeline for going public.

I'm planning to hold until I can clear my original investment by selling 50% of my 2.3M shares. Then ride the rest to whatever crazy destination is in store here.