SPOOZ Inc (SPZI)

[ITGuy]

A/S update and info from Spooz (and me):

Expect O/S (fully diluted share count) to go up to just over 1.4 billion - just under the A/S 1.4 Billion. Hense, 504s have ended as the A/S will NOT increase.

There were both important strategic reasons and timing issues for not issuing that PR regarding the 504s. I don't know what they are but that's what was relayed to me.

There is a good theory as to what happened to the PPS the last few days but I can't elaborate any more on it. Suffice to say it could have been in regards to a financier not following 504 SEC agreements. It has destroyed market cap and a rally and the Spooz guys know it.

All in all, I still feel as strongly as I have previously about Spooz. You ask questions, you get answers - at least to the point that its legally acceptable. This recent downturn seems more and more 'fake' and not a true representation of the stock. Its a bargin to pick up at this price - wish I had more free funds to do so.

Sorry for being so general in this e-mail. Best I can do.

GLTA

ITGuy