Replies to post #81691 on SPOOZ Inc (SPZI)

[Kool Aid Man]

Goulding's scams with SPOOZ go back over 15 years. The SEC wrote a 175 page report on him in 2020 with even more since then. Read the ''introduction & background" which, among other things, mentions a "2 week bench trial in October 2019".... yet this crook is making filings for SPOOZ??? Excerpts:

85. Nutmeg and Randall Goulding concealed the missing money by allocating and assigning investments at a purported cost of over $1 million to the fund. These investments included AccessKey ($750,400), Phyhealth ($157,035), Spooz, Inc. ($18,299), and Randall Goulding’s personal interest in the Tropical fund ($141,836.12). However, Crowe Horwath found that as of March 2009, none of these investments had generated a return for Mercury. Moreover, over $160,000 of investments should never have been allocated to fund as Nutmeg had no proof that Mercury even owned these investments.

86. Nutmeg and Randall Goulding significantly overvalued the fund’s investments in AccessKey, Phyhealth, Spooz Inc., and Tropical. For example, Randall Goulding assigned Mercury his personal investment in Spooz in the form of a $58,250 convertible note dated October 27, 2008. Although Spooz defaulted on Randall Goulding’s loan and on a separate agreement with Mercury to transfer 8.5 million shares to the fund, Nutmeg and Randall Goulding valued the convertible note at $64,139.33 – a premium over the face amount of the note – as of March 31, 2009.

https://www.sec.gov/files/litigation/apdocuments/3-19697-event-2020-05-29-ogc-motion-summary-disposition.pdf

Goulding is well known to the SEC and remains in their crosshairs. It will be interesting to see what happens if they determine he's still involved in SPOOZ.

[irishintelligence]

"as recently as 12/26/2023?"

This is incredibly sad, what you are posting is the last gasp, there is nothing left in the basher playbook.

$SPZI changed control in very late 2023 and has not looked back. Nothing from 2023 is relevant.