SPOOZ Inc (SPZI)

[JPS02]

Key LOC Highlight in 12/20 SPZI PR - JP Energy Group and JP Energy Global secured significant funding commitments via Letter of Credit from a major bank in Singapore. Details to follow.

Source of PR extract: https://www.accesswire.com/818879/spooz-inc-spzi-completes-primary-acquisitions-and-change-of-control

- Stervc, I think this part of the 12/20 PR is important to highlight as it demonstrates to me that:

1. John Park is not using SPZI shares to finance the execution of the contracts and therefore SPZI shareholders will not experience any dilution in shareholdings.

2. The contracts must have enough value and be advanced enough and ready for execution for the LOC commitments to be in place.

3. For a major bank in Singapore to be committing the LOCs, John Park must have a good credit history/rating to get such a backing from a major bank. I think it's reassuring to see such third party financing which to me is validation of his business initiatives. It will be interesting to see what details will follow.

Go SPZI!