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Monday, July 23, 2007 11:51:51 PM
Allie,
In order for Spooz to engage in any additional 504 financing there are two criteria: 1) the company would need to increase the authorized shares, or, reverse split the stock to provide adequate shares to offer under 504; and, 2) the company would be required to wait until October before any additional 504 financing could occur as per the exemption from registration provided for under Regulation D of the Securities Act of 1934.
I can assure you that Spooz is not contemplating increasing the authorized shares, is in no way considering a reverse-split of its common stock, and will not engage in any further 504 financing.
I hope this may help alleviate any fears our shareholders may have regarding these issues. Please feel free to share this information with our loyal shareholders if you wish.
Best Regards,
Paul D. Strickland, Jr.
Chief Executive Officer
Spooz, Inc.
312-379-3166
312-223-0110 Fax
The secret to profitable investing is to buy into well-run companies at the beginning of their earnings growth cycle—before Wall Street takes notice and bids up the stock price.
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