SPOOZ Inc (SPZI)

[jcrom56]

Very true. The SEC imposes a quiet period when a company, pink or not, files a registration statement. The period is in effect until the SEC determines the registration is in effect.

In our case, we were told by Paul that the recently concluded quiet period was at the behest of those with whom Spooz had entered into negotiations regarding the injecting of millions of dollars into the company. It had nothing to do with the SEC. We were however told that Spooz' council also advised the company to observe a quiet period.

But you are right about IPO's , SB registrations, etc. The SEC absolutely imposes quiet periods. I once exchanged emails with the IR person at a pink sheet company under an SB-2 quiet period. We exchanged hundreds of emails over many months. She never once would violate the quiet period restriction. So I know it was a matter of concern for her not to. Bless her heart, we developed a good rapport and I learned a lot about the company, but never anything anyone else could not dig up publicly. Very often she would simply tell me where to look.