SPOOZ Inc (SPZI)

[ITGuy]

Traderfan, I personally have no idea what it means

about the lack of trading going on. I've seen plenty of pennies at this low volume with the company doing nothing and lots of trading going on. What do you make of that? I guess I look at the fact that the people that have shares are holding on to them for the time being. The argument could be made that it's not worth selling at these levels but some could also make the argument that this is a lotto play and there is still a chance they can pull this out. With the several separate confirmations of a deal with Bloomberg, this has as big of a chance as any thing out there to make something happen - that's my thought as to why people aren't selling. It's a wait and see. In addition, enough things have gone wrong in the past that there isn't any new money wanting to jump in. Most of us here already have a large amount of shares and have bought up what we want. I even have an order in at .0001 for the last few weeks now without getting filled. I've reached my risk factor limit right now and I'm happy whether or not I get the 1's so there's no point in raising my bid right now.

With no buying pressure, the price has crept down from around .0006 on relatively low volume -- which to me means one of two things: either there isn't that many shares out there freely floating (as in they are parked somewhere) or people didn't think .0006 was a good price to get out at either. With this deal happening, this could shoot up big time if it pans out and that's what people are waiting on. It's a gamble and I think the majority are satisfied on waiting it out. If everyone really thought this was dead, we would have plummeted to .0001 right after the recent small rise.

I'm optimistic but a realist. I know there is a chance this may not happen. Kinda sucks being pessimistic about something you have quite a bit invested in. I choose not to go that route and be optimistic. Nothing wrong with that.

As I don't know exactly how this works - maybe you can fill me in... can Bloomberg employees even buy this stock right now if the deal hasn't been PR'ed? Wouldn't that be insider trading? They may not even have the product yet so they may not know if it's worth buying the stock. Obviously, the higher up people that signed the deal saw that it was a good product but that doesn't mean the masses know about it yet. Lots of reasons why there's no trading going on. I can only guess why.

GLTY