SPOOZ Inc (SPZI)

[Kool Aid Man]

Why a REVERSE SPLIT is likely IMO

#1. Neither Park nor his 3 directors supposedly own ANY common OR preferred shares (page 6)
https://www.otcmarkets.com/otcapi/company/financial-report/402674/content

#2. There are only 89,497 authorized shares left to issue out of 5.8 BILLION. Their value as of today is $895!! At some point tons of shares will be required to reward management and finance operations.

#3. A reverse split would likely wipe out every old bagholder here and allow management to achieve the number of cheap shares they want and need.

#4. Park has proven once again his history of failing to make good on his promises. So any prior promise of "no reverse split" is just as worthless IMO.

When will a R/S happen?

Hard to say. On 2/8/24 Park issued 285,000,000 restricted shares valued at .001 ($285k) in exchange for the recipients preferred shares. On 3/26/24 he issued 19,000,000 restricted shares valued at .0068 in exchange for $130k "cash." Those two issuances alone total 304 million of the 367 restricted shares.Maybe those two were smart enough to legally hog tie him from pulling a R/S until they're able to unload their shares. However, in my experience, sweetheart deals are often secretly carved out for such people before a R/S.