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Wednesday, September 03, 2008 5:54:34 PM
1. Spooz's current O/S according to reports from the T/A is 4.765 Billion. Spooz reports an O/S of 3.357 Billion on 6/30/08. The difference is 1.408 Billion shares sold this quarter with the price unknown but given the recent stock pps, Spooz probably received less than $200,000 for it in the current quarter.
2. Spooz reports spending about $1.1million in the first 6 months for operating expenses of about $200,000 per month.
Assuming that Spooz's spend rate continues at $200,000 per month and given that Spooz's cash balance at the start of the quarter was about zero, the question of where did Spooz get the additional $200,000 this quarter arises.
One possible answer is that Spooz is receiving revenues...possibly $200,000 or more per month. If that is the case, then the question is how will the market value Spooz if this is the case and the information becomes known. There may be other explanations..if so please help me out.
All simply my opinions for the purposes of discussion...please do your own DD.
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