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Monday, April 21, 2008 7:18:13 PM
I have my own thoughts on some of the speculation that has gone on:
1) It appears to me that an individual or a group of individuals sold their large position(s) and a chain-reaction happened that dropped the price to the current level. They probably expected more from the launch and bailed when it appeared not to bolster the stock price (it is a stinky pinky until proven otherwise, so I do not fault them). Because of delays, Spooz may have had to issue some shares to cover overhead but this is better than toxic financing. For the number of shares, SPZI actually trades very thin for the dollar volume (which brings me to my second point).
2) Everyone seems to think that those who are testing Spooztoolz Pro would be interested in buying the stock if they liked the product but I would speculate that the caliber of trader currently testing it would not want to waste their time because SPZI is not liquid enought to take a meaningful position. It is similar to Warren Buffet not wasting time with small companies even though he sees great promise an potential.
3) The quiet period. Everytime another company name is mentioned, that poor company has to field questions from hundreds of individuals doing their own DD and this has become a hinderance to Spooz so they went stealth.
If I had not looked at the bios of those involved and past accomplishments, my thoughts would be more skeptical toward Spooz. I have a considerable loss on paper right now but I still have hope that the company will produce good results and I will be rewared for holding.
Just my opinions of course.
Everything I state is just my own opinion so do your own DD.
Buying great stocks is important but buying great stocks at a great price is even more important.
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