Replies to post #25074 on SPOOZ Inc (SPZI)

[jcrom56]

I'm pretty sure the quiet period you are referring to pertains to IPO's. I personally believe we are under a quiet period on advice of Spooz council, not so much the SEC. The link I provided gives a definition of what a quit period is as far as the SEC is concerned. If Spooz council feels pending events are significant and/or they require a filing, a self imposed quiet period is good policy. If nothing else, it demonstrates that Spooz is not pumping the stock ahead of news, which is commendable. I am just shooting in the dark here, I don't know anything for a fact.
Another thing to consider...if there are big time negotiations with another company, an exchange, something of that nature, the other people may have insisted on a quiet period to prevent a lot of hysteria or perhaps to prevent yet another company from becoming interested and countering any proposals.
I know it is frustrating to some, but I personally prefer this to a string of fluffy PR's. Whatever is taking place, I say let them get it absolutely right before they unveil it.

All my opinion,

jc

[Dragutin]

Let me try and touch on something that hasn't been brought up before. I worked for a huge printing firm in Chicago where we did a great deal of "Financial Printing". Lawyers would come into our plant late afternoon and fine-tune their financials. Now my experiences would be centered on Debentures, Prospectuses, Stock Splits, etc. I suppose this could also include someone "injecting millions into our Spooz". I was a typesetter at the time. We would get copy for typsetting and then wait for revises and proofs and revises. Incidentally, all proofs would be accounted for so that nothing was left for prying eyes to find. Also documents had to be signed by employees that they would not reveal what was being done. This was QUIET TIME. If you had insider info and bought stock in a company that was filing for a stock-split before news was out . . . you just lost your job. All this work occasionally took all night before it would be reaady for final printing and delivery to SEC.
Now this is only one facet of making a deal. God knows how many days it may take for two parties to iron out suggestions and counter-suggestions before one item of the deal is satisfactory to both parties. Then on to another item of the deal and over again.
Am I getting close to explaining what I think is involved in making a deal between two companies? It certainly isn't anything close to trading baseball cards. Ooops, dating myself!