Replies to post #13293 on SPOOZ Inc (SPZI)

[ITGuy]

Shinebox, you can buy as many as you want...

You will just have to pay a higher price for the shares as the price goes up. It's not a matter of whether the company has shares left, but rather how much you are willing to pay to buy the shares you want from another investor - at thier asking price. Current ask (from another stock holder) is around .0027 so that's what you would need to pay for each share if you want to buy in.

Hope this helps!

ITGuy

[wing_walker]

shinebox, if you're wondering

how many shares are in circulation, the last count from the T/A was something like 1.022b. The disclosure indicates there are 2000 shareholders so you can figure if each shareholder has about 500k shares each, the shares would all be held. Also, I believe out of the 1b O/S shares, some of those are held by insiders (restricted). If you subtract the restricted shares from the O/S, what is left are the free trading shares or float. Consequently, I believe the float here to be less than the 1b O/S which of course reduces the average each investor would have to own for the float to be held.

Imo, The shares we have seen added to the O/S recently to fund operations have all been absorbed by shareholders. Now, as the company releases the really big news and new buyers come into the stock, the demand on the tight float will cause the pps to escalate rapidly. And if the conversions have come to an end, we will see some appreciation before news as people wanting to get in will have to place their orders at the ask price to get filled and news will further push the pps hard.

with the potential this company has, one would be smart to accumulate and hold as many shares as they can safely afford. At this point, if in fact the conversions are done, the most people can expect to gain by waiting is maybe a ten thousandth or two of a penny yet they risk the chance of having to chase and wind up owning less shares for more money.



jmo, hope this helps.