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Saturday, August 04, 2007 3:32:44 PM
You need to understand that the company is not selling Series
A Preferred shares at todays market price at all. Rather, what they are doing is taking subscriptions in a min. amt. of
$50K for a POOL of $10M.
This pool of investors money will equate to 20% of the company.
So, they are valuing SPZI at $50M today. 6 weeks ago, they
had a different pool in mind. That was for $3M and 30% of the
company. That has been completely changed as you can see.
Right now, the pool is for 20% of the company and $10M, but it could be further decreased with new developements. If you put
up say $1M in this pool you would be entitled to 2% of the company convertible to common shares after at least a 1 year
waiting period under rule 144.
The current market cap of the company is $12.5M @.009c and
with 1.384B shares outstanding. So, they are saying the
company should be valued at .036c per share Right Now.
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