Replies to post #26249 on SPOOZ Inc (SPZI)

[alliecorp]

Do you have any idea how much audited financials cost for a company...that's a huge chunk of money for a startup without significant revenue.

Choices have to be made and I would rather see unaudited financials right now and money put to further use into research and development...which is what Spooz did.

Spooz is just now transitioning to a growth company. Revenues can then be used for audited financials and other necessary filings.

This is one of the reasons why there are so many start up company on the pink sheets...they can't afford the rather large expense of audits that would qualify them to uplist.

Not a big deal right now as Spooz has had better things to do which we will find out about soon. allie

[milo3]

adar7, You've have a valid request - that Spooz ought to file timely audited financial reports. Sounds easy enough.

alliecorp is so right in saying that it's an expensive process
- especially since the Sarbanes - Oxley Act (SOX) was enacted.
SOX has actually created a nightmare for companies wanting to file audited financial reports because it's made the process exorbitantly expensive.

The list of small companies wanting to comply with SOX but shy of the big bucks required either because they can better use the money to fund their business plan 0r they just don't have the resources required is legion.

In Spooz's case - at least for now - they've elected to fund there growing number of programs which ought to soon furnish the money for audited financials.
milo3

[paper]

There are companies that file on time, but I will not recommend nobody to buy their shares (ASVN). They take their shareholders for the ride down to oblivion. Then they R/S and start the process again. The only thing going for them is that they have "SEC Reporting Status". Kosher it does not mean profit. First of all look at CEO to be KOSHER and not only at the company.

[jcrom56]

It's a development stage company. What is the big deal about filing on time right now? We all know there are no revenues to report yet. Why waste a ton of cash paying an independent auditor to tell us they have no revenues to report before the roll out? An unaudited report, even a late one, will do just fine since it doesn't cost anything. The point is, before the release of STv2, there is nothing to report.

[Imperial Whazoo]

I just don't care about any of that. If you want to, be my guest.

Do you think it matters to me one iota whether or not you decide to join in with those of us who believe this situation is fuly comprehesible and is a bird nest on the ground? Money to be made? A chance of a lifetime?

Why on God's green earth would it matter to me whether everybody agrees with those of us who think this is a pretty cool opportunity? All I and others ask is to be left alone by those who differ in view.

I mean, what is there in the realm of decencency that makes it either your right or your obligation to make it your business to try to make us spend time answering your questions if you have absolutely no intention or zero willingness to be persuaded by any answer we give?

Its one thing to differ. Its quite another to demand that time be spent in a wasted effort answering questions about which there is no intention of being genuinely pliant. I'll be 100% honest with you: I don't think there is anything anybody could post that would change my mind about Spooz.... I think its the chance of a lifetime and I'm very happy to have sunk my money in this opportunity. In that the info in the iBox for SPZI is so well done, and given the viewpoint enunciated in your post, why not be equally honest and admit that there is effectively zero chance you will change your mind?

I never spent one instant over on the INXR board questioning those folks for their decision to put money in that venture. Why? Because I'm a decent person, thats why. I fully realized that I would never invest one thin dime in INXR, so it would have been manifestidly tiny-minded for me to insult other people who had looked at that situation and had come to a different conclusion than me. I mean, what kind of arrogance would I have to possess to presume to insinuate myself into a situation about which I was already fully formed my convictions when I have to honestly acknowledge ahead of time that doing so would be legitimately seen as a personal affront to people who were steadfast in their belief that INXR was a good buy? It is called respect. Whether I think that a person is making a mistake by buying a stock or not, I have no fundalmental right to insinuate myself into their cluster of likeminded folks simply to affront them all by making them focus on my opposing opinion. Since I fundalmentally respect other people and do not presume to be smart enough to behave as though my opinion was chiseled by the finger of God in tablets of stone, it will always be arrogant for me to convey that I have a profound enough grasp of all necessary info to believe that my opinion deserves to be dealt with by folks who are investing in something I would never ivnest in. The same logic applies to us here, and of couse thereby, to you. So, why don't you respect our differences and permit us the decency of having our own group of likeminded SPZI shareholders chatting in a friendly, open manner about an investment that is an extension of a common hope we all share? You are welcome to join us, but what right do you have to try to demand that we deal with your dissenting opinion if you have not invested and/or have zero intention of becoming likeminded?

TIA

Imperial Whazoo