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From all the help files on Kaitrade's web site it looks like they are taking their task of supporting SpoozToolz seriously.
Thanks very much for the response.
Thanks for posting this, tradernation. Can you tell us when the last time was that you spoke to folks at KG about Spooz/141?
SB
Hi, jcrom56. I don't think we can say that SpoozToolz has really come to market yet. It looks like it is about to make its first appearances and then I guess we'll see what the market thinks about it. I would say that for Bloomberg to sign on is an indication that people in the profession see some value in it.
Best,
SB
I certainly agree. Thanks Capn!
Hi, endub. In fact, SpoozToolz is the only product mentioned on the Kaitrade web site. It appears that John Unwin, Doug Foster and Jim Hensel see something of value in the program.
Thanks, MC. Clearly Kaitrad will take a cut - that is their incentive to succeed - and that incentive will also serve to reward Spooz and the shareholders.
Gbathat, I agree that we would all like to know more of the details about how Kaitrade and Spooz are dividing revenues. I hope we get a clearer picture of the relationship in the future.
It does seem that since Jim Hensel and Doug Foster are employees of Kaitrade, they must see the potential of SpoozToolz - since that is the only product Kaitrade are working with.
Hi, peeved. Well he has not given up on SpoozToolz. I noticed, too, that Doug Foster, who had been listed as a Spooz employee is also now at KaiTrade.
KaiTrade has only one product listed - SpoozToolz. I guess we watch and wait to see what happens.
SB
Good to see you here, MC. I'm glad to hear that taxpayer money is being saved!
I certainly hope that the API for Bloomberg works the way it should. I have no problem waiting if it means that SpoozToolz is completely ready to go with Bloomberg.
Best to you,
SB
Thanks very much, ITGuy, for your report. It is always good to hear from people who have had firsthand contact witht the company.
Hi, db. I don't mean that a maxed A/S looks good. I guess what I was trying to say was the fact that they have not increased the A/S with the O/S at the max could mean that revenues are at hand.
If there were no revs expected, I would imagine they would have increased the A/S by now to allow for more dilutive fund raising.
SB
Thanks for your reply, Birdito. I guess we will know the extent of 3Q evenues (if any) next month.
The stability of the AS with the OS almost maxed could be seen as a good sign. No R/S either.
Best to you,
SB
Hi, Birdito, do you think that Q3 will reflect Bloomberg revs, or would those revs start coming in when a deal is finalized?
SB
Thanks, endub. I appreciate the update.
Hey, Gbathat - you can get quite a good look at what SpoozToolz looks like now at the Kaitrade site. Lots of screenshots. These overview maps are pretty handy:
http://www.kaitrade.com/SpoozToolz/GettingStarted/map.htm
http://www.kaitrade.com/SpoozToolz/Demo/map.htm
http://www.kaitrade.com/SpoozToolz/STAdminGuide/map.htm
http://www.kaitrade.com/SpoozToolz/SpoozToolkitAPI/map.htm
SB
Hey MC, that would be an interesting book. I don't know if it would be a best seller, but for people who have been following the company I think it would quite a story.
Hi, MC. Thanks for your thoughts on this.
I don't know if this clarifies anything, but this is what is posted on the Kaitrade site:
KAITRADE REVENUE MODEL
KaiTrade products earn streams of revenue through:
•recurring transaction fees
•monthly per seat fees
•sales of value-added products
http://www.kaitrade.com/InvestorInformation.html
Best to you,
SB
Peeved, I would guess that if KaiTrade is raking in revenues, then Spooz will too, since their only product (according to their web site) is SpoozToolz.
Kaitrade's web page has quite a bit of info about ST, BTW.
Best,
SB
Here is a link where you can check the latest AS
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/corpActions.aspx?lx8nvq=zQzOVoNHbqLvNhFmqPsPLA%253d%253d&CorpName=SPOOZ%2c+INC.
Thanks very much, MC. I appreciate you being willing to make contact and share your findings.
SB
Thanks for the info, endub. I hadn't heard that the SEC's approval was required for the exchange to take place. Is this just a Fidelity policy?
I did notice this statement on the 141 web site in bold letters:
Neither the Securities and Exchange Commission nor any state securities administrators have approved the
141 Capital, Inc. Series B Preferred Stock to be issued, or determined if this Information Statement is
accurate or adequate.
http://www.141capital.com/pdfs/Offer_to_Exchange_Common_Stock_10-09-08.pdf
SB
Thanks for posting this, thebermellon. Looks a lot better now.
The Spooztoolz demo has some screenshots of the program which might be interesting to some.
A new demo of SpoozToolz is now on the Kaitrade web site:
http://www.kaitrade.com/SpoozToolz/Demo/index.html
Good points, Capn.
You know, I am pretty sure that I am remembering right when I say that while at Spooz, John Unwin was listed as an independent contracter. I think it is in one of the disclosure documents somewhere.
Thanks for the response, Sterling. I appreciate you sharing reports of your research.
Do your calculations take into account the sharing of some of the profits with Kaitrade?
Like you say, all this takes into account one deal alone. It is very possible there are more in the works.
Best regards,
SB
Thanks very much for posting this, stervc. It is very well presented and logical.
I do have one point, which is that the PR stated:
"Within one year that customer could generate sales of up to 1,200 installations of SpoozToolz at a contracted price of $400 per month per installation"
This statement doesn't mention where we stand now - it talks about the potential for the first year with the first major customer (Bloomberg). It's not clear how many screens they have at this present time with Bloomberg.
I certainly hope they get they are able to contract 1200 users here - and maybe more in the future with Bloomberg and others.
Best,
SB
Thanks for this clarification, CapnDon. Here's the quote from the PR:
"The deadline for accepting the exchange offer and delivery of physical certificates to the Company's transfer agent Manhattan Stock Transfer, is the close of business on November 7, 2008"
It would be great to have a bit more explanation on how the transfer process will take place. At least the T/A should have time to prepare for this event - they have been given notice, and know pretty much what the timeframe might be.
I think he was asking when you sat down with Paul and John. I remember you visited Spooz a while back an I figured that's when you had the talk.
Hi, Jack
I would say in this case I wouldn't be surprised if there was a R/S in XXIS. The fact that they are offering 1000-1 reverse split of common to preferred makes me that a R/S is a possibility here - I could be wrong.
And if there is a R/S, you are right. Those who convert to preferred still get a $1250 value for every million that are converted. I think this may be a way for the company to reward shareholders.
I guess one drawback could be that if the share price jumps enough while the preferred shares are restricted, and those who have converted lose gains they could have made had they not converted.
Perhaps 141 will stay fairly quiet on the news front during the restricted period, and the share price won't move dramatically. It's impossible to know at this time.
If the share price doesn't move during the transition period, and there is no R/S, you could convert back to common and have 12 x the number of shares at the same level - with no bid :(
Another thing that causes me a slight amount of trepidation is the mechanics of getting the shares converted and converted back. I hope the transition is smooth and prompt.
So there are risks involved here. I guess everyone has to decide for themselves what to do.
Maybe we'll get some more guidance from the company about this, but it's very possible they have said all they are going to say.
Just some musings.
SB
Since today we had a "real" PR which will get widespread distribution through the normal PR channels, there will probably be many who read about the "first major customer" and not be aware that it is Bloomberg.
I guess the only way for that information to be disseminated at this point will be by word of mouth from shareholders or others who had read the statement on the Spooz site which has since been taken down.
Like IW said earlier, this PR was a way for Spooz to signal the potential size of the Bloomberg deal without mentioning them by name (most likely because they are not permitted to by the 800 lb gorilla)
Thanks again endub, and Packard, for the reports.
SB
Thanks very much for this, endub. Did they say anything about a fee?
SB
Thanks. So there being no bid for shares after conversion is one risk.
Does all this mean that someone who buys XXIS now (at .0001) is guaranteed a 1000% gain?
What might the risks be? What could happen to prevent this from happening?
I wonder how easy it will be to convert back from preferred to common. I have dealt with a situation in the past where getting share certificates from the T/A was extremely hard and took a very long time.
I'm not trying to be negative here, just cautious and realistic.
Here's my take - please someone correct me if I am wrong.
Let's say you convert 1,000,000 shares to preferred. 3 months after Nov 8th you will be able to buy $1200 worth of common stock.
The question of how good a deal you get will depend on the value of the stock when you are able to make the exchange back to common.
Can anyone say if there would be any advantage in holding preferred stock, and not converting it back to common. I understand if you hold preferred, you cannot sell it on the public market.
TIA!
SB
Razpoozen, that is interesting because I believe that SpoozToolz was priced at around $89 previously.
Hi desertwolf, here's what CEO Paul Strickland told Alliecorp last week about that.
Posted by: alliecorp Date: Wednesday, October 01, 2008 11:16:01 AM
In reply to: None Post # of 59050
FYI From Paul:
We just received a call from Bloomberg regarding the PR on our web site. Their legal department wants us to remove it because of the number of shareholder calls to Bloomberg. It will be removed today, but the deal is going forward.
Best,
Paul D. Strickland, Jr.
CEO
www.spooz.com
www.spooztoolz.com