SPOOZ Inc (SPZI)

[cwoody]

Busy is good...

I like to think of Spooz as a startup. In startups, the founders and employees are usually worked to the bone with a significant potential for wealth based on stock options. A startup runs on VC money until it can do an IPO for a greater infusion of cash prior to getting to market with a product to make money.

In Spooz's case, we, as investors, are the VC. We have provided them the cash to make this gamble and develop a product which can get them to market. If you read deep enough into their financial releases, the executives are working for "deferred compensation" and they are all carrying large amounds of preferred options. This represents a chance for them to make it big once Spooz makes it big. This isn't a cushy large paying job, it is a once in a lifetime shot to make it BIG and in the process they are living with minimal salaries and many hours of work per day. I am sort of glad they are so busy. If they weren't then something is wrong.

cwoody