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Thanks very much, Tyrann,
From the context of the sentence, I think Paul meant to say "precede" rather than "proceed".
I don't think 141 paid what an outside entity would have had to pay to licence SWARM. Remember, 141 is made up, at least to some extent, of Spooz insiders. I'm sure they got a good deal on the licensing.
I don't think you can download it. Here's a quote from their site:
Download the sample trial
Download and try Omniquant for 30 days.
Omniquant 1.0 will be available for download in June 2006. Check back at that time.
From the Omniquant site:
System Requirements
You need a subscription to an online trading platform to use Omniquant. Currently, integration is available for:
Townsend Analytics’ RealTick Pro with the API activated. (Contact Townsend Analytics at (800) 997-9630 for information on subscription options.) http://omniquant.com/downloads.html
I checked out RealTick Pro here: http://www.realtick.com/v2_getpage.asp?subnav=true&page=subs_proo_feat
There is a subscription of $200-300 required, plus exchange fees.
BTW, the discussion forum at Ominquant is full of pornographic topics (I didn't open up any of the links but there didn't seem to be anything about trading in there)
Allie, does this mean the formal approval from the NASD they were waiting on has been received?
Hi, CapnDon
You know I think you could have a point. Some of the answers from Paul about the departure of "the two" are interesting:
"Dr. Peng has absolutely nothing to do with Fractalz3" (present tense - if he were gone, wouldn't Paul say "had"?)
"There will be no negative impact with the result of the departure of Dr. Peng and Jame’ Groves. I can not comment further on this matter at this time, however, more information will be forthcoming soon" (If they were dismissed, why would more information be coming out?)
Q: Frankly, the dismissal of Groves and Dr. Peng He IS a big deal IMO.
A: "In a positive or negative way? My point is that you lack the information important to draw such a conclusion or form this opinion".(I think Paul meant to say "important information". - what kind of information could that be in this context)
I could certainly be wrong here, but taking into account these answers, it is still possible that Dr Peng and Jame' Groves could have simply have had their employ moved from Spooz to 141.
Hi, No_shorts,
I think there are things that need to be in place before the release of the SpoozToolz such as a customer support system.
I noticed that, too, IW.
Darryl Dennis is not the CEO of Spooz.
I this is the link you are telling us to watch:
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/corpActions.aspx?lx8nvq=zQzOVoNHbqLvNhFmqPsPLA%253d%253d&CorpName=SPOOZ%2c+INC.
The last amendment increasing the a/s to its current level took place on 12/18/2006.
Isn't that where the 141 Capital offices will be?
Congrats on being a mod, MC. You are a great asset to the board!
Thanks so much Allie and Paul,
I don't think shareholders can ask for more from a CEO than this kind of communication.
"There were was something in specific that happened with a really large company that Paul was particularly excited about. But to reveal it would let other companies into an opportunity to compete. So as much as I want to tell you, I am protecting my money and yours as well by not saying what it is."
Hey, MC, come on now, you have to spill the beans!!
Just Kidding. I think this is a good example why Spooz is being tight-lipped about some of their activities. They are trying to keep things quiet and away from the knowledge of potential competitors.
MC, thanks so much for this reply - it is exactly the kind of information I was looking for. And I appreciate that you keep the personal information confidential.
I wish I could have had the chance to spend the kind of time with them that you did - but you have done a terrific job as our eyes and ears, and this post does a lot to help paint a more complete picture.
Best wishes to you,
Songbird
Hi, MC
I hope you don't mind a quick question.
You have mentioned that you feel you are a good judge of character, and after spending quite some time with the Spooz officers at the expo you said you felt impressed with them.
What were some of the things that impressed you about them?
TIA
Songbird
GM,all. Volume seems to have dried up quite a bit compared to the last couple of days. It seems to me that there are more buys than sells today - can anyone confirm that?
Hi, MC
I thought you might be interested in seeing some of the dignitaries that have been photographed with Mark S. Jaffe of the Greater NY Chamber of Commerce. (Reminds me of your photo of him with Paul Strickland)
http://www.chamber.com/join.asp
Hi, Wing.
Are you talking about this in connection with Spooz uplisting? Do you expect that Spooz will reverese merge into an already existing company on a higher exchange?
Or are you thinking about a way for 141 capital to go public in a timely manner?
Thanks!
Songbird
Thought this might be worth a repost. This is one session at the upcoming Futures and Options Expo
Wednesday, November 28, 2007 at 1:00 PM
Technology of Algorithmic Trading
This session will bring together a variety of software vendors in the algorithmic space which provide both "off the shelf" and bespoke solutions for clients ranging from individual traders to large investment firms. The session will examine their strategies for success in this marketplace, given that many of the algorithmic trading tools we see in the derivatives markets have been written "in house". We will examine the unique selling points of each of the vendors, their target clients, their strategies toward co-location, and their opinions of the requirements from the major exchanges and brokerage firms for continuous upgrades - many of which are now driven by the demands of algorithmic/program trading. We will also discuss what sort of effort is required to get started in algorithmic trading.
Chair:
Tayloe Draughon, Vice President, e-Trading IT Strategy, Calyon Financial
Speakers:
Martin Koopman, President, North America, Orc Software
Stéphane Leroy, Head of Global Sales and Marketing, Quanthouse
Paul Strickland, Chief Executive Officer, Spooz
Allen Zaydlin, Chief Executive Officer, InfoReach
http://www.futuresindustry.org/expo-2007-program.asp?t=2007+Futures+%26+Options+Expo&i=7819&...
OK, pbrain, I see. Thanks for clarifying!
Fake email? Do you think I made up those answers?
From what Paul said today, it sounds like there are investors in place, and the delays we have experienced are due to the company getting positioned to make the biggest impact they can (nationally and internationally) and get as much market share and brand recognition as possible before competition can get organized.
I agree, jcrom. It helps free time up for Paul.
YW, Gmenfan. Some interesting information in there, IMO.
Email Response from Paul to questions I submitted last week.
(This was before Allie's idea of the board sending questions throught her)
Paul's responses are in bold.
Dear Paul,
I want to thank you for the efforts you and the team put in at the ValueRich expo this week. I enjoyed listening to the audio presentation, and hearing the plans and goals of the company.
From all I was able to hear from our diligent board rep, MuchCompensation, it was a very succesful experience for the company. I, and many other investors appreciate your efforts to move Spooz forward, and I am very thankful to be invested in a company that is committed to the interests of its shareholders
It was nice to hear your reference to the Ihub board - I have found it to be a great community of Spooz investors.
The mood of some on the board sometimes gets testy when hopes and expectation for news and information are high, and the share price dips. We start hearing fear, and complaints from some parties. I was wondering if you would have the time and inclination to address some of the concerns that we have heard over the last little while. I understand that there is information that you are not able to provide, but I'm hoping there might be some things you can say about the following questions to ease the minds of shareholders.
1. Do SpoozToolz and the other trading modules work well enough to be put to use in the real world? Are bugs and technical problems the reason for the delayed releases?
No, bugs and technical problems are not the problem with releasing the software. The truth is that Spooz is a complex situation. The product is complex, marketing is complex, financing is complex, in fact, nothing about Spooz is simple, especially when you consider spinning off another public company like 141 Capital, Inc.
2. Is Jan 2008 a firm date for release of SpoozToolz - or are further delays possible?
While at the Expo last week, I was introduced to, and became personal friends with the President and CEO of the Chamber of Commerce for the City of New York. To make a long story short, the Chamber is forming its International Finance Committee who’s mission will be to stimulate investment in New York companies. I was informed that Spooz will be the first company to be invited to join this committee and the Chamber of Commerce will provide office space for a Spooz sales office at Madison Avenue and 44th. Of course this is all tentative, however, our investors want us to have a New York presence before product launch because they want us international as quickly as possible. It has everything to do with grabbing market share possible as quickly as possible. This stifles competition due to brand recognition in targeted market segments, which in turn lowers the investment risk in Spooz. We believe that, in this case, quickly acquiring market share is far more important then time to market.
3. Is Spooz in a strong enough financial position to accomplish its mission? Can you say anything about "those who are seeking to inject millions" into the company? You mentioned at the expo that Spooz is not looking for money at the moment - could you elaborate on that at all?
We are turning money away, however, if what we believe may happen actually does happen, I will be looking for investment dollars in the $50 million range. I am tired of being asked about “those who are seeking to inject millions.” I wish I had never said it, but in all honesty, we are, in some cases, walking away from deals for various reasons. We believe we have the best of all worlds in our investment partners and financial consultants, namely, The Kauderer Group. The best of all worlds means extremely deep pockets, a deep understanding of our industry, world class connections, skin in the game, steadfast belief in the company’s mission and management, sweat equity.
4. Can you provide any information about the reasons for the reduced revenue projections presented at the conference (compared to the ones you PR'd earlier this year)?
Conservative numbers play far better to sophisticated investors than aggressive ones. I have learned that there is a huge risk in aggressive projections in that they tend to dilute credibility. In addition, our philosophy is moving toward under promising and over performing. We believe it is possible, if not likely to eclipse the projections. I believe that I alone, without any help from the sales department, could sell more than 4,000 subscriptions in 2008.
5. We received a second hand announcement during the expo from MuchCompenstion about Spooz uplisting to the OTC:BB. Could you tell us what the status of that uplisting is?
We are up-listing to the OTC:BB as soon as there is time. It will become a greater priority toward the end of the year, but we are already working toward the audit and required SEC filings. We have been working with an accountant for several months to prepare the books for audit. We met with our audit partners in New York while we were there for ValueRich. In addition, we will also be listing on the Deutsche Börse Group.
I realize that you are very busy, and get many emails from shareholders. I'm hoping if you could provide some answers then maybe you would have fewer individual emails to respond to.
Answering emails from shareholders is beginning to take a tremendous toll on my time, so much in fact that Errol and Care yelling at me. Although I fully intend to remain transparent, we need to find a way to lessen the load. I have dozens of emails but doing so is counterproductive and not in the best interests of the collective shareholders. In future, I must adopt a policy of answering ONLY emails from moderators of the IHUB board. I hope you understand.
I will ony post replies on the Ihub board with your permission.
You may share my answers with the board if you believe it will reduce my email by even so little as one.
Thanks so much - and I fully understand if you don't feel inclined to respond.
Best wishes,
******
Interesting ideas, Wing.
I was a bit surprised that Paul specifically mentioned the Ihub board in his presentation last week, and encouraged people to go there for further information.
It seems he is thinking somewhat along the same lines as you - that the board here is an IR avenue for Spooz.
I would think that the Company would still issue PRs through the usual channels though, as they reach a wider audience.
Thanks for the great idea and leadership, Allie.
BTW, just sent you an email.
Songbird
Thanks, MC. I think this is an important point, and one that may explain a lot in regards to the flow of information (or lack thereof)
I think that all shareholders value the fact that Spooz is first to market with their products, and the lack of competition is a huge advantage. If the lack of news prevents competitors coming up with copy-cat software, then there is a good reason for the silence.
I am sure that if Spooz products make a huge splash when they are released, there will be other companies scrambling to match them.
Thanks, MC
Glad to hear your evaluation.
This is the session at the Futures and Options Expo that Paul was talking about today:
Wednesday, November 28, 2007 at 1:00 PM
Technology of Algorithmic Trading
This session will bring together a variety of software vendors in the algorithmic space which provide both "off the shelf" and bespoke solutions for clients ranging from individual traders to large investment firms. The session will examine their strategies for success in this marketplace, given that many of the algorithmic trading tools we see in the derivatives markets have been written "in house". We will examine the unique selling points of each of the vendors, their target clients, their strategies toward co-location, and their opinions of the requirements from the major exchanges and brokerage firms for continuous upgrades - many of which are now driven by the demands of algorithmic/program trading. We will also discuss what sort of effort is required to get started in algorithmic trading.
Chair:
Tayloe Draughon, Vice President, e-Trading IT Strategy, Calyon Financial
Speakers:
Martin Koopman, President, North America, Orc Software
Stéphane Leroy, Head of Global Sales and Marketing, Quanthouse
Paul Strickland, Chief Executive Officer, Spooz
Allen Zaydlin, Chief Executive Officer, InfoReach
http://www.futuresindustry.org/expo-2007-program.asp?t=2007+Futures+%26+Options+Expo&i=7819&...
Thanks so much for all the information you have give us. We would be very much in the dark about the events of the day without you.
You said earlier that Paul authorized you to announce upgrading plans to the OTC:BB - Can you say more about why that information was not included in the presentation - and what the circumstances were that led to your message?
Thanks so much MC!
Thanks MC!
Can you provide an idea of the level of interest in Spooz among attendees?
Could you also let us know how Paul and co. felt following the expo?
I noticed that the web site for Tom Opper's consulting company, Revgen440 (http://www.revgen440.com) is no longer working. So it looks like he gave up working as a consultant and moved over to Spooz full time.
I also noticed that Tom Opper was introduced as the new sales manager. Here is a profile for him:
http://www.linkedin.com/pub/1/657/04a
John Unwin is British, and IMO would be a good person to have on board if you are planning on opening up a London office - and working with European markets.
I found this information about John Unwin, introduced today by Paul as Chief Technology officer.
http://www.linkedin.com/in/johnunwin
Thanks for the pic, MC. Nice to see a photo. I notice a different ad in the background.
GM, Allie
Seems like a little more volume than usual so far this a.m.