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GM, all. Just a quick question that I have been wondering about. Is it possible for a Spooz insider to buy SPZI stock on the open market? Or are there regulations against that?
Just wondering - and thanks in advance!
According to Paul Strickland, the A/S will not be raised.
Thanks, Wing. I would agree that Paul has had a great deal of knowledge in this industry which is obviously to Spooz's advantage when working out deals.
Ok, Wing - why did you highlight that phrase?
My understanding is that none of the insiders have any stock options. When the company reduced the common stock earlier this year, the CEO stated (If I recall correctly) that they eliminated all options.
I reckon it was a fat finger buy - I expect someone wanted to buy at 0.0115 and forgot to type the extra 1. IMO (I hope I'm wrong :))
I guess one way of looking at is, the bigger the deal the longer we have to wait.
Shhh ... we're having a quiet period :)
I'm sure you are right about the suitors coming calling. I think Spooz will be getting lots of attention from companies who want more software arrows in their quivers. Look how quickly small innovative companies are being acquired by the big names.
Good points, Allie. And I am sure you are right about the trading advantage going to the most skilled users of ST.
I was thinking that there might be an entity that would like to keep all the possible ST power out of the hands of competitors so they could keep all possible advantage to themselves - and they might be trying to make a deal with Spooz. Pure conjecture on my part!
OK, if SpoozToolz is seen to be something that would give traders the edge over other traders, don't you think it would be in the interests of some entity to want to have exclusive use of it - not wanting competitors to get their hands on the program. If everyone in the world started using ST, then presumably the "edge" wouldn't exist anymore.
I wonder if some entity has caught hold of this idea and is currently in negotiations with Spooz to have some kind of exclusive access.
Just a thought, all IMO
I think it depends a lot on the current shareholders. If they (we) get nervous waiting, or if they get bored and think they see greener grass with another stock, maybe there will be another drop. Right now there don't seem to be too many people selling. Out dips have gotten less severe each day since the first sell-off (so far).
I'm thinking that the dips could have been short term people who bought in the rally selling off out of fear, or profit taking when the 0.0135 wall wasn't breached.
Oh yeah, sorry! Maybe in a few months!
Seems like today we haven't seen the wild dips that we saw the last couple of trading days. Could we be building a new base at around 0.008 - 0.009? (Edited to add zero!)
Many thanks, Allie!
I guess we'll learn about the details when the deal is PR'd. Thanks very much for your input, Allie.
Thanks very much, Allie. So it appears that these investors, unlike the 504 investors, cannot turn around and sell (dump) their shares on the open market.
Hi, Allie
Can you explain more about Preferred A Series shares? From whom would an accredited investor purchase these shares? From insiders, or would they be newly issued out of the A/S? Or some other source?
Thanks!
Songbird
Plus, SWARM is a showcase for the SpoozToolz software and other add-ons that Spooz has developed. I think SWARM will be used as an example to show people what is possible with the technology.
Seems like volume is weakening this afternoon.
Good point - If you wanted to sell say 10 million, and you had a stop loss at say, 0.09, with a market order - that could cause something like we saw perhaps.
I have a question, Allie!
What form of financing could Spooz be seeking? How do small companies in Spooz's position get millions of dollars in financing - and how might share structure and such things a s voting rights be affected?
I realize we don't know what's going on in Spooz's case, but I'd be interested to know how this might have worked with other companies.
TIA
Songbird
From the tone of Paul's email, it looks like something quite significant is going on. It seems like we won't have any PRs until this financing deal is completed.
When PRs do come out they will be about current events - and the "future of Spooz". Wonder what that means?
Looks like Wing got banned for a few days.
Thanks very much, Allie and ThSeeker,
Very intriguing!
Chris, Thanks very much for sharing this with us. Reading this really makes me admire Paul's determination. He's been at this for seven years (!), and it sounds like there have been plenty of delays and setbacks that could have discouraged many in his position. But he's stuck at it and it looks like his baby is about be born.
Hi, archyis
If you look at this web site:
http://www.revgen440.com/
and look under news on the right side of the screen, you will see an announcement about Tom Opper and David Houle working with Spooz
Here's a link to David Houle and Associates:
http://www.davidhoule.com/home.htm
I found this on the Web Site that mentions Tom Opper
06-14-07 RevGen440 and David Houle & Associates partner to assist Spooz, Inc. with the SpoozToolz™ launch and raise the final round of investment capital.
www.spooz.com
Click here to read more.
http://www.revgen440.com/
Does active boards mean most reads, or most posts?
TIA
No, Birdto, not bracing for bad news. I am just a little (pleasantly) surprised that the pps has held up for so many days without the launch news that so many are waiting for. The continued rally seems to show that shareholders old and new are being patient.
It makes me wondering who the new buyers are - are they people who have seen the demo and been impressed enough to buy Spooz stock? Or people who are getting the buzz from those who have seen the demos?
That's an interesting post, Wing.
I wonder who the majority of the float owners are. From the look of recent action, it seems a lot of people are holding. There has been some selling, but not enough yet to stop the rally. There's been enough interest for people to be buying at an increasingly high price.
I have kind of been expecting a little more weakness from people who get impatient waiting for "the launch" PR. As you say, it may be some time away - or not in the form people are expecting.
Thanks for that info, airdale.
Thanks!
Thanks, Wordplay. I was thinking that SpoozTooz user would need access not only to your brokerage, but also to Spooz.
I think the reason I was under that impression was that Spooz provides a large amount of historical data for backtesting, and I thought that information would reside on a central server, not on one's own machine (I think that would be a huge file)
But I may very well be under a false impression! I guess time will tell ...
Thanks, Wordplay
The last PR indicated that SWARM had been trading real dollars for 12 trading days (which would take it back to early July) It did say that simulated trading had been going on in June also.
A question that occurs to me is: does everyone who uses SpoozToolz have to connect to a central server - and is that server the same one the SWARM program is running on? If it is up and running on fiberoptic in an office at the Chicago Mercantile Exchange, can we assume that the connectivity problems are solved?
So are we under the impression that the connectivity problem is resolved now? And all that's going on now is the final testing?
Thanks!
Hi, ITguy
From the email that Paul Strickland sent Allie the other day, I doubt that 504 issues are in the future. I don't think he would have made such a definitive declaration about 504 financing if there was a possibility they would do it again.
I understand from posts here that Paul has been working on another source of financing.
A recent PR states "After four years in development, Spooz is preparing to launch its flag-ship financial software SpoozToolz to a growing list of waiting customers."
Spooz has been giving demos of SpoozToolz to many professional traders, and all indications are that it is being very favorably recieved. Check posts on this board by fedfundz - he has sat in on a number of demos. CEO Paul Strickland has provided email updates from time to time indicating that the product is being very well recieved by the pros who are viewing it.
No one knows a release date, or when subscription numbers will be released - but this news is expected soon.