SPOOZ Inc (SPZI)

[Kool Aid Man]

Signs someone might be just making financials up---Examples:

Favorite endings--Triple Zeroes
Advance Payments 100,000
Loans to Officers 25,000
Total Other Current Assets 125,000
Long term Loans Receivable 50,000
Other Expenses 8,000
Loss on disposal of assets 8,000
Accounts Receivable 50,000

Favorite endings--the "Fabulous 50's"
Short-Term Business Loans 604,950
Commissions & fees 4,050
Rent 2,250

Amazing how all those complicated entries wind up in nice round numbers! Park is supposedly an MBA and he names William Tynan as "accountant/ consultant." Maybe those are signals to auditors they really don't know exact amounts so they just pull a number out of their butt. Word has it that the IRS is starting to use AI to flag patterns of made up numbers.