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snow

02/10/09 12:13 PM

#10635 RE: ThSeeker #10628

If this company continues way better than the competition I would expect money to be flooding in leading to profitability before long.
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hypesmasher

02/11/09 3:55 PM

#10824 RE: ThSeeker #10628

Hypesmasher here for my daily hypesmashing. Okay, results posted 141 made 500+ dollars. According to Errols released financials he earns $12,000 a month. Paul gets $4,000, according to the same document as posted in the i-box and rent is $3,600. 141 is operating in quite a big hole for the last few months and with the $500 dollar income seems like Jan was pretty much in the red as well. Let's be generous and say they get 10 times more money to trade and they maintain the same performce. Now they earn $5,000. Still, a pretty deep hole. Also, any company to put money in 141 will do a little due dilligence and see these guys spent $8,000,000 on SPZI with no return to investors. Same guys, same dillution.

Now the new year starts and with a new 504 they can raise $1,000,000. All that is needed is a higher share price as it sure is hard to sell stock @0.0001.

Just my opinion based on observation.

If you closely read the financials you will see that 99% of the money generated for both 141 and SPZI came from shareholders. Income of $500 is not going to change that anytime soon.

And then you can ask yourself, what if they do not repeat that performce and it falls, even a little. Yikes. More dilution. Same guys, same dilution

Don't shoot the messenger, friends.
One last thing that bothered me going over the financials. SPZI has a non-cancelable rent agreement in 1250 29 south till Sept 09. Why leave that space and move into 333 in the same building?