Replies to post #55624 on SPOOZ Inc (SPZI)

[ChangeDirector]

Whoever reported it, it is a travesty. 4.75 billion shares today, a year and a half ago 836 million after a shareholder friendly reduction LOL. That's over a 5-fold increase and more to come as the current gets maxed out.

Common Shares Outstanding as of 11:01am Today (Per the T/A):

4,765,100,458

Spooz Announces Reduces Common Stock by 35%
- 3/27/2007

CHICAGO, BUSINESS WIRE -- Spooz, Inc. (OTC:SPZI) announced that it will be reducing the total number of outstanding common shares of its stock through an exchange of 455,693,448 shares of insider's common stock for 1,000,000 shares of Series B Preferred stock. The reduction will bring Spooz's outstanding common shares to 836,434,357. The exchange will lead to the termination of anti-dilution provisions for insiders while ensuring voting control remains in the insider's hands.

"The swap of our common shares for Series B Preferred is a sign of management's long-term belief in and commitment to the company," explains Spooz CEO Paul Strickland. "It effectively prevents liquidation of insider's stock so that we can not sell under rule Rule 144 for the foreseeable future."

[songbirdia]

Thanks, MC - yes it was PhillyMike who first reported the O/S. Sorry, Mike :)

It is interesting that since 08/01 there have been many millions of shares traded without the O/S increasing. I think most of the trades were at 0002 or 0001. Not sure what it means, if anything.

[catani]

Not really a problem because it was me who posted that phillymike reported it. So it was obvious that I confirmed the statement of songbirdia. What are you trying to say?