Visited Spooz today. Met with Darryl.
I believe that the majority of this board already believes in the integrity of the Spooz principals, so I don’t need to belabor that point. For newbies and doubters, give them a call or visit.
Darryl afforded me about an hour of his time, which was much appreciated and mostly undeserved. I was hoping for a few minutes but he took the time to answer my questions in as much detail as he could.
Some questions that Darryl addressed (Note: I’m paraphrasing as best I can. Any discrepancies between what follows and the real “truth” are due to a faulty translation by yours truly):
From endub (Post #15615): When does management see the product rolled out in its entirety … to all targets? What are the key milestone releases/upgrades/template add-ons along the way?
Darryl: The end-product will be ever-evolving ... as long as there is a Spooz there will be new products and product add-ons. The goal is to launch product aimed at futures/options traders (in just a few days) and, within three or so months, to equity traders.
From goleafsgo (Post #15617):
1. If/when they start to generate revenue, where does a buyback strategy sit in their priorities?
Darryl: No buyback strategy exists. That is tantamount to taking a company private. We (the principals) seek to grow Spooz’ worth, same as the investors.
(Editorial note: While some may not like the answer, i.e. would rather hear that Spooz is planning to buy back several hundred million shares, I personally give the guys credit for an honest answer. They are, and have been, working for below-market wages and don’t have a bazillion dollars in the bank. And they’re not even earning revenues … yet. But mainly, I like the honesty. “Honesty” and “pink sheet” is somewhat of an oxymoron. So it’s refreshing to see.)
2. Will they give their shareholders a free 3-month subscription to out do INXR?
Darryl: No. Everybody gets a two-week free trial subscription. (No fluff here either.)
3. Ask them what we as shareholders can do to help them be successful.
Darryl: Someone mentioned that question a while back. This person said that they were going to notify some of the credible pink sheet/bulletin board newsletters about Spooz. Mentioned Peter Leeds (I think that’s his name). A great idea but it seems to have fallen on deaf ears. Spooz has neither seen nor heard any effects of this initiative.
4. What do they believe to be a true evaluation of their company (as of now without income)?
My apologies, but I forgot to ask that one. Just noticed it on my sheet. However, I think I can safely say that Darryl would not have given me a number. Today (and every day) Spooz is worth whatever the market says it is worth. However, I do have a good feeling that Darryl, Paul, Errol, and Katie (Darryl introduced me to them also) strongly feel that in due time, their individual net worth might be a tad higher than it is today :)
Other notes:
I received a private message to ask about a potential buyout of Spooz. Darryl said first things first. Spooz is entering a huge transition period, from a development company to a sales/marketing company. Eventually, when Spooz begins earning revenues and making a profit, it will be a potential buyout candidate for any number of companies. But let’s let things happen as they happen. Nothing on the table now.
Re: SWARM – Spooz has begun SWARM on a limited basis with limited funds. Probably by early August they will begin a concentrated effort with SWARM. To make all things official, Spooz will employ a CTA (Certified Trading Advisor) and a brokerage.
Much talk on IHUB about missed deadlines. Darryl said that much of the problem Spooz has encountered, and is encountering now, is with connectivity issues. I’m technically illiterate, but I think that means that connecting from Spooz to a broker to the end user (you and me) brings with it some very complex issues. Spooz is dealing with these daily and wants the total package to be right, prior to launch.
Well, that’s about it from here. Hope this helped someone out there. My time with Darryl made me feel better anyway.
GLTA.
AI
