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Re: db post# 62740

Friday, 06/19/2009 12:47:20 PM

Friday, June 19, 2009 12:47:20 PM

Post# of 87904
Actually, buried in the charter, which can be found in the last publicly issued annual report, the insiders retain greater than 50% of the the issued shares. Therefore, the actual unrestricted float I'm estimating to be 2.4B. In previous communication from management going back approximately one year plus (don't remember where it was now) Paul Strickland, CEO of Spooz indicated that there would not be a reverse split. To date, there hasn't been a reverse split and I do not expect to see a reverse split in the future.

The upside: if there is one at present, is that this particular stock owns 50% of the ONCP common shares. The downside, if you haven't been following the developments is that there is plenty of uncertainty regarding Spooz continuing to be a going concern by a number of shareholders that post on this board at the present time.

JMO. GLTA.

funmaxus

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