SPOOZ Inc (SPZI): MC I think that there's a key point bein...

Reply Private New

Replies (2) Next 10 Prev Next

Send PM Follow Ignore

Followers	54
Posts	5555
Boards Moderated	0
Alias Born	04/06/2006

alliecorp

Re: MuchCompensation post# 49342

Thursday, 05/15/2008 11:00:23 PM

Thursday, May 15, 2008 11:00:23 PM

MC I think that there's a key point being missed here and that's contained in the Consolidated Balance Sheet under Notes Receivable.

Noun 1. note receivable - your right in a promissory note in which the maker promises to pay a certain amount of money at a certain time

Spooz is owed money and yes, part of it is from 141, but I would suggest that since this is filed under the asset column that it would appear that Spooz is owed some money.

Notes Receivable-related parties - $884,567

The brokerages started using STv2 in February of 2008, so it could be that they contracted with Spooz to use it for three months and payment is still due...I don't know for sure but they are owed some cash???

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.