Spooz Inc. (OTC:SPZI) Stock Surges 21%: But Why?

This morning, investors are going to be looking into those companies that may have been in focus last week. By that token, Spooz Inc. (OTC:SPZI) could well be one of the companies that may be worth looking into this morning. On December 21, the company released a letter addressed to its shareholders, and it may be a good move to consider taking a look into some of the highlights.

The letter was addressed by the recently appointed Chief Executive Officer and President of Spooz. After providing a comprehensive breakdown of his educational qualifications and business credentials, it was noted that he had merged his commodity trading businesses with the company.

In the letter, it was further stated that the merger was important since a public company would not only provide a publicly recognized valuation but also transparency. That would make it easier to deal with energy companies, utility companies, foreign governments, and commodity traders.

However, it was also noted that the transaction that Spooz had previously agreed with Nate’s Food broke down at the final juncture. The CEO of the company noted that he was adept at creating value for all investors, and he had the objective of doing the same for the shareholders of Spooz.

He went on to note that in the near future he would show that certain contracts had been signed, financing had been procured, and eventually the margins as well as revenues would flow for Spooz. However, he also noted that in order to work on the contracts, he would have to travel extensively, both domestically and outside the United States.

During that time, he would be able to answer texts or phone calls from shareholders since he would not have the time to do so. Moreover, since Spooz was a public company, it was not possible for him to discuss non-public information prior to formal announcements.