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Thanks EBI... I guess that's good since 141 will be developing other systems that may need testing by a separate entity as well
I am glad the 141 futures site is down as it may avoid potential confusion in the future.
perhaps they've been working on prefab upgrades of STv2, custom jobs, for brokerage partners. This would give them additional capital upfront, allowing for a bigger, better supported launch, and allow some of their clients to hit the ground running with software (which bodes well for both spooz and the client).
i often ask myself the fedfunz question- what did he learn along the way that first, reduced his ability to discuss matters in public, and second, was so appealling from his perspective that he signed on with Spooz. I'm sure the answer has nothing to do with bugs in the software- he's a trader after all.
so sleep tight, santa is coming
and in the future, I'd say expect delays. People can plan all they want, but when there is money to be made, I expect there to be delays, especially when negotiations with outside entities like xxis corp for instance are a part of the process. "well why do you want our company??? oh, you're going to be a hedge fund?? Chaching! Sure we'll let you have our company, but we want to keep ten percent of the shares" you get the hypothetical picture.
gotta run
peace,
gbathat
just my opinion
141futures.com no longer in existence... looks like they took it down, I imagine for good.
Newbies and bashers, please don't confuse this with 141capital.com, which is up and running and will be for a long time to come!
i think 141 futures was just a seperate entity they set up for SWARM beta testing.
website update?
it seems to me that the language at the bottom of this paragraph has changed...
-----
The success of 141 Capital will be based on multiple automated trading platforms, including "SWARM" a system licensed from Spooz, Inc.(SPZI).By using multiple trading systems trading performance is not dependent on any specific market direction, but rather on the precise micro-second calculations of the automated systems to identify opportunities as they arise in all market conditions. Trading revenues will be derived from trading performance and based on the amount of money available for trading. Initially 141 will trade its own money while registering with the National Futures Association as a Commodities Trading Advisor and Commodities Pool Operator. Thereafter, it may seek to trade outside accounts.
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Thanks MC... no worries, I appreciated your insights and the way you presented them. And I'll be lucky to give back 1/100th of the knowledge and dd I've learned on these boards... you guys are all great.
thanks for the info MC
sorry, but I have to question you on this one... please note I said "two of the masterminds", not "the two masterminds"
Perhaps Erik did the lion's share of the work.
from the July 19th PR
Under development since January 2007, SWARM is a high-frequency, light-touch trading model developed by Spooz employees, Jame’ Groves, Erik Long and Dr. Peng He. Executed on Spooz’s signature SpoozToolz™ software, SWARM is a combination of proprietary arbitrage models that exploit local and spatial price discovery. Its unique weighted components allow for “dynamic” co-integration balancing between multiple correlated markets. Because its success is based on the automation of quantitative strategies, SWARM’s trading performance is not dependent on any specific market direction, but rather on precise micro-second calculations to identify opportunities as they arise.
Hey Bird,
It is difficult to understand why we aren't heading north. When I first bought into Spooz, I remember reading a line from Paul, I think in a PR, that pps increase would be revenue driven. Those words ring true to me to this day.
Not many people will take the time to do DD on a company like the folks around here. Not many people can look at a software company's website or demo and say, hey, that's a winner.
What they do understand is revenue. Until we have actual revenue, revenue projections will not be taken seriously. But just wait, when spooz starts signing up clients left and right, people are gonna say hey, traders like this software. Then they will pay attention to projections, and the journey for us as shareholders will truly begin. I recommend that you start excercising your fist-clenching muscles... gonna need them in good shape for '08!
Peace and blessings unto thee.
Gbathat
So, are Peng He and Jame now with 141? All this chatter about developing new systems makes one wonder... They were two of the masterminds behind SWARM afterall.
If they were with 141 though, why wouldn't Paul have told us that? I don't see any reason for secrecy there, so my guess has always been they went somewhere else. I've tried tracking them down on the web to no avail.
I think they'll be using Spooztoolz for developing systems in house... that's how they made 141 as well. By marketing these systmes through Spooz's lease/share program, Spooz will get its cut. jmo
from one of the early 141 PRs available on www.spooz.com (this info came out well before we knew about XXIS, perhaps at the time they were planning to start a new company rather than take over xxis)
The Spooz sponsorship arrangement includes consideration equal to 120 million common shares of 141 Capital, Inc. “The sponsorship of 141 provides us with the opportunity to increase value for Spooz shareholders through the company’s strong participation in two public companies,” stated Paul Strickland, CEO of Spooz. “Because the two companies have two distinctly different business models that are in no way dependant upon one another, part of the value to our shareholders is in the reduction of non-systematic market risk associated with the price of a single company’s shares. This new structure provides diversification of Spooz interests helping shareholders to mitigate certain risks associated with owning Spooz shares.”
actually, i think the 120 mil number was PRed... we made assumptions about the percent ownership based on that number
either way, i'm just as curious as the rest.
we'd need a 150:1 forward split to reach our assumption of 120 million shares being 30-40% stake
let the trading begin!
Hey bucks
i said there is no reason 141 should not have paid... meaning they should have paid, imo, regardless of the trading status.
sorry for the double negative... gotta watch that i guess since people are often reading fast
concentrators for this one... should be a landmark project, and starting pretty soon- glad to see the concentrator production is coming along.
hey soup,
not discussed here... my opinion is that since the fee is not a lease, there's no reason 141 should not have paid it- it's more of an upfront fee to use the software, despite the fact that it will be paid in three installments over time. Just my opinion.
take care,
gbathat
looking good... of course would have liked to see trading already begun, but it's a lot easier for me to dream about it than for a new company to actually do it!
"The company will also develop and market a portfolio of investment products to satisfy the needs of high net worth investors wishing to have their money traded in individually managed or pooled accounts."
hedge fund: http://en.wikipedia.org/wiki/Hedge_fund
A hedge fund is a private investment fund charging a performance fee and typically open to only a limited range of qualified investors
Fees
Usually the hedge fund manager will receive both a management fee and a performance fee (also known as an incentive fee). Performance fees are closely associated with hedge funds, and are intended to incentivize the investment manager to produce the largest returns possible.
[edit] Management fees
As with other investment funds, the management fee is calculated as a percentage of the net asset value of the fund at the time when the fee becomes payable. Management fees typically range from 1% to 4% per annum, with 2% being the standard figure. Therefore, if a fund has $1 billion of assets at the year end and charges a 2% management fee, the management fee will be $20 million in total. Management fees are usually calculated annually and paid monthly.
[edit] Performance fees
Performance fees, which give a share of positive returns to the manager, are one of the defining characteristics of hedge funds. In contrast to retail investment firms, performance fees are prohibited in the U.S. for stock brokers.[citation needed] A hedge fund's performance fee is calculated as a percentage of the fund's profits, counting both unrealized profits and actual realized trading profits. Performance fees exist because investors are usually willing to pay managers more generously when the investors have themselves made money. For managers who perform well the performance fee is extremely lucrative.
Typically, hedge funds charge 20% of gross returns as a performance fee, but again the range is wide, with highly regarded managers demanding higher fees. In particular, Steven Cohen's SAC Capital Partners charges a 50% incentive fee (but no management fee) and Jim Simons' Renaissance Technologies Corp. charged a 5% management fee and a 44% incentive fee in its flagship Medallion Fund before returning all investors' capital and running solely on its employees' money.[citations needed]
Managers argue that performance fees help to align the interests of manager and investor better than flat fees that are payable even when performance is poor. However, performance fees have been criticized by many people, including notable investor Warren Buffett, for giving managers an incentive to take excessive risk rather than targeting high long-term returns. In an attempt to control this problem, fees are usually limited by a high water mark and sometimes by a hurdle rate. Alternatively, the investment manager might be required to return performance fees when the value of the fund drops. This provision is sometimes called a ‘claw-back.’
but the ask being at .006 should not be ignored... don't recall seeing that for a while
pro traders expressing interest in Spooztoolz
http://www.fattail.org/viewtopic.php?id=306
i'm scared to even post on this board, some high skilled pro's over there... can't even understand half of what they're discussing, but I understood this discussion!
peace,
gbathat
A professional trader's opinion of Spooztoolz... repost for new folks
Posted by: fedfunz
In reply to: wing_walker who wrote msg# 16701
Date:7/11/2007 11:39:13 AM
Post #of 39185
All,
Spent an another amazing demo session at Spooz with some doubtful friends who have been trading professionally for twenty years. Within 15 minutes of the demo the jaw dropping began. A little further into the demo one friend asked the "how do you do this" question and answer it in laymens terms and Jaime launched into a pretty good explanation of Spooz for dummy's explanation of how. I have to admit that after about the 8th time hearing it, it is beginning to sink in as to how Spooz works.
As I read through the posts here many said that Spooz advantage is its speed and that is a part of it. The real guts is a paradigm shift in the nature of trading. For professional traders it takes about 15 minutes to "get it" so I not posting it here. Lets just say everyone I have brought in to see it, thinks its a life changing product.
One friend said he was considering stopping trading till Spooz is released.
All were amazed at the low cost of the software when compared to what is available for professional traders today and what Spooz offers.
I do not know when it is going to be released and I do not know anything else I can tell the board about clients signing up but, please, be assured that whenever this thing comes out it will be like a wildfire across a dry, hot plains. It will demolish the competition in every category.
so why was Spooz invited to speak on a panel of experts at the annual meeting of the leading Futures association?
sidenote: i will be tracking down your "friend at Berkeley," from your description, a quick look through the faculty CVs will do the trick.
Thanks for the pm martingale... all squared away on the Scottrade.
perhaps if you actually read this board, you would know the AUDIO of the talk was recently posted
your CREDIBILITY = 0
speaking on a panel of experts at the recent FIA expo- priceless
ChangeDirector, I officially dub thee director of the board. I hope your opinion of spooz changes with you.
We have already discussed all your little problems with the company in detail. So come on, talk about the delays one more time. Please do. We really care.
Most of the community here already understands the true value and potential of spooz, so just give it up.
Thanks! Hope the spzi pps won't run on us before they get the problem fixed. Scrounged up a few more pennies:D
OT: Scottrade, anyone else having trouble logging in?
woohoo!! sure beats shortly or soon!! thanks for sharing...
have a great week all,
gbathat
clearly dow jones is a scam!!! haha:D
no PR this week- guess my spidey sense needs calibrating... hopefully a nice early Christmas present this week.
the split was pretty exciting though... the wheels are starting to turn.
Have a wonderful weekend all.
Gbathat
"the entire time producing no product"
Pretty sure the product is produced and is dynamite. would a company without a rockin product be asked to sit on a panel (as one of the industry experts) at the annual FIA expo?
If the "excuses" you talk about so negatively make us more successful in the long term, I can wait. Market share baby!!
thanks for the clarification gcap... best of luck to you!
Repost- Newbies, read this one!
Posted by: fedfunz
In reply to: wing_walker who wrote msg# 16701
Date:7/11/2007 11:39:13 AM
Post #of 39185
All,
Spent an another amazing demo session at Spooz with some doubtful friends who have been trading professionally for twenty years. Within 15 minutes of the demo the jaw dropping began. A little further into the demo one friend asked the "how do you do this" question and answer it in laymens terms and Jaime launched into a pretty good explanation of Spooz for dummy's explanation of how. I have to admit that after about the 8th time hearing it, it is beginning to sink in as to how Spooz works.
As I read through the posts here many said that Spooz advantage is its speed and that is a part of it. The real guts is a paradigm shift in the nature of trading. For professional traders it takes about 15 minutes to "get it" so I not posting it here. Lets just say everyone I have brought in to see it, thinks its a life changing product.
One friend said he was considering stopping trading till Spooz is released.
All were amazed at the low cost of the software when compared to what is available for professional traders today and what Spooz offers.
I do not know when it is going to be released and I do not know anything else I can tell the board about clients signing up but, please, be assured that whenever this thing comes out it will be like a wildfire across a dry, hot plains. It will demolish the competition in every category.
not sure how to interpret the timing of those events with regards to the most updated share structure.
thanks for bringing up the issue.
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=1768142
On April 11, 2001, the Company signed a Plan and Agreement of Merger ("Merger Agreement") with HOA Networks,Corp., and HOA Acquisition Corp. ("HAC"). The contemplated merger is between HOA Networks,Corp.(HOAN), HOA Acquisition Corp. ("HAC"), and our Company. Pursuant to the terms of the Merger Agreement, HOAN will merge with HAC with HOAN being the surviving company and all of the capital stock of HOAN will be canceled in exchange for stock of the Company. HOAN will be the surviving corporation in such merger and the business of the surviving company will be conducted under the name of Streamedia Communications, Inc. Upon the effective date of the merger, each outstanding share of stock beneficially owned by all shareholders excluding principals of HOAN will be converted into the common stock of the Company on a 9 for 1 share basis. Each outstanding share of common stock beneficially owned by principals will be converted as follows:
100% of HOAN shares will be exchanged for 90% shares of our Company.
The effective date of the Merger was September 30, 2001. Wholly owned subsidiaries of HOAN include AMC Global Communications, Inc. and World Skyline, Inc.
Pursuant to the terms of the agreement, the Company reverse split the number of shares common stock outstanding in a ratio of 300 to 1.
Thanks Bird, good to seeya, been a while. Day job tying you up??? not for long!! ;D
I am also hoping to add a few more shares before year's end. I'm pretty much in as far as I can afford at this point though (i.e., as far as the Mrs. will allow!).
Peace,
Gbathat
About FIA
FIA is the only association representative of all organizations that have an interest in the futures market. FIA has more than 180 corporate members, reaching thousands of industry participants.
Regular Members are futures commission merchants. We estimate that our regular members are responsible for more than 80% of the customer business transacted on U.S. futures exchanges. Through these members we represent the needs of futures industry customers; in fact, our members include the top 20 firms in terms of customer equity.
Associate Members include international exchanges, banks, legal and accounting firms, introducing brokers, commodity trading advisors, commodity pool operators and other market users, and information and equipment providers headquartered in the U.S.A. and abroad.
Like most here, I also went through the scam analysis when I first got in and a couple times thereafter. The recent presentation at FIA expo solidified what I already believed based on interactions with the company- these guys are the real deal.
I mean, come on, how could a scam company be asked to present on a panel at a major expo? I've been to many conferences in my own profession. If you are on a panel at a major conference, it is a big deal. I'm almost shocked that Spooz was selected for this since the product has not even officially launched. That just screams out to me... HUGE SUCCESS AHEAD! Obviously, whoever organized the panel must have seen the product and been incredibly impressed.
That said, the company still has hurdles to clear to get through launch. But I find it hard to believe that anyone who reads this board regularly and puts the pieces together would be thinking scam at this point.
And keep in mind, they didn't even PR this!!! That is astounding to me. As others have suggested, it likely alludes to the need for stealth at this point.
Peace to all,
Gbathat
Allie,
Spooz definitely stands out from the other companies in this presentation.
First, though, what an honor just to be on a panel like this, and what great exposure too.
John Unwin clearly communicated the advantages of Spooztoolz and how it empowers users to get the edge, imo. Many of the other panelists talk about how traders should let them do the customization/programming, talking about this quantum leap idea. And why shouldn't they- it's good business for them, just like brokers have managed people's portfolio's for ages. But look at online trading now. I manage my own portfolio. Minimal broker. This is what I think Spooztoolz will do for traders, in a sense.
It is also noteworthy that John Unwin said Spooztoolz will allow you to do in a day what working with a partner/programmer would take weeks to do. While some of the panelists disagreed with that approach (saying, let the "experts" handle the development), they did not disagree with the fact that with Spooztoolz, you could really do it that fast. I found that remarkable. John made the point that many strategies are only good if you can apply them in a short time after conception, so if you don't have a system like Spooztoolz, you lose a lot of opportunities.
With regard to the "experts" comment above, I found it humorous that later one of the panelists acknowledged that "we actually learn more from our clients" with regard to new system development. If that's the case, I think the clients should empower themselves by learning how to develop these systems using Spooztoolz.
Just my opinions. I was very encouraged by this event. Not sure why Spooz didn't PR the heck out of it... perhaps because the event is small in light of things to come.
We'll see soon.
Peace to all.
Gbathat
The other companies definitely have a different approach than Spooz- they are interested in applying their expertise to traders' problems/challenges.
I love the idea that spooztoolz enables you to do in a day what these other companies say typically takes weeks.
Spooz is providing tools that enable traders to have the control... empowering the trader. Pretty sure this is consistent with comments we've heard about the software "Gives traders the edge back."
listening to FIA talk... Unwin sure is not afraid to speak his mind and highlight the key aspects of Spooz... not much rebuttal from other panelists, indicating he is correct... I'm only 20 minutes in so far...