As stated previously...I contacted Spooz...Catherine Rains to be precise, who is the treasurer of Spooz. She was helpful in letting me know what was happening as far as 144's.
So below is the current information I have, so everyone can do as they please with their shares...buy or sell. Makes no difference to me. Those of us who understand the long term plan for Spooz will ride this out or buy more. Completely a personal investment choice for educated investors.
Apparently there are some other entities selling shares into the market and/or have been preparing to, as per financing agreements.
The names of the entities cannot be given out, but there have been some things which have happened in the last couple of months.
There was a convertible note which was converted as per the notes instructions.
There have been several opinion letters written having to do with lifting restrictions on 144 stock which has been held for more than three years by several investors. It is not absolutely known if they are selling or not.
There was a funding source which had the restriction lifted off of the 144 stock which they had held for over a year and they are selling into the market on a trickle out agreement.
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.
My opinions are my own. You have to decide and do what's best for you.
AI
