Spriza Inc (OTCBB:SPRZ) The SEC temporarily halted trading in Spriza today. The self proclaimed, "leading social network for group prizes and incentives," is located in El Segundo, CA.
Referring to itself as an "emerging growth public company", the stock of the company is being suspended due to assertions about "business relationships" in a company press release dated on February 6, but the extent and full nature of the warning are unclear. One can only assume the company is claiming a relationship or client that does not exist.
The only press release filed by the company on February 6 can be read here. Both FINRA and the Alberta Securities Commission are assisting with the investigation. We will continue to follow this story as it evolves. For now, investors in this stock should exercise caution.
To view the original order click here.