SPOOZ Inc (SPZI)

[shotsky]

It isn't strictly a merger. It is a reverse merger. That simply means that a previously private company has taken over a public shell company as a way to become public itself. All employees and/or previous business is swept out with the other trash left behind. A new owner takes over with the goal of producing revenue and profit. That is what we are all hoping for, but it does not happen overnight. There are agreements among the principles to establish, lawyers to write up the terms, reviews by both sides to establish agreement, then SEC filing to establish the next steps.
It is a business process, and it can not be dictated by calendar... it is dictated by agreements on both sides, and fulfilled commitments from whoever is required to fulfill them.
Only after those conditions are met, can the reverse merger then proceed. (That's why the Nates reverse merger fell through.) And after that, you have a previously private CEO taking charge of a public company, which means first of all satisfying SEC requirements to simply pull it off.
Once the reverse merger is complete, the business can start to do what it intended in the first place. In this case, it means finding financing for the sugar contract.
This is not an overnight process. Expect it to take time. And always remember, that it may not work with SPZI and may be offered to yet another company.
So just go along for the ride and wait for developments. It is not a time to buy or sell...it is a time to wait and see.