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OT:Dragutin..I also worked for rrd, we published the OAG,which I doubt is any longer in print thanks to computers.
Endub, I check in with IHUB daily, have to see the latest news on my favorite penny stock, sometimes I just have
to speak up when some few doubters try to create something out of nothing. There is absolutely nothing which has me asking "IF" about this stock..only "WHEN." I can't say that about too many pennies.
Appreciate the repost from the EXPO regarding roll out, these
reminders are very helpful in keeping us focused, keep them up.
Looking forward to the next stockholders meeting, lets just be sure its in the spring or fall, the winters there are brutal..hence, my move to Georgia from Chicago. Having said that, I am looking at a .5 inch of snow on the ground here today, how about that!!
I used to live in Chicago a very, very long time ago and worked on W. Jackson for a publishing company. Believe me, that 10 city block is a hugh area and crammed with brokers, traders and the like,it's a gold mine for Spooz to work with
and hardly worth dismissing. The plan is sound and smart, there are quite a few cliches we could use here, "Rome wasn't built in a day, anything worth doing is worth doing well, a watched pot never boils" and so forth. We have come a long way from this time last year, not as quickly as we had hoped but I think we are on the edge of a release that will grow gradually. We were told the first release will be to professionals, then later, when the support crew was in place, we would release to retail. That all is happening as it was laid out to us. This is an exciting time; sit back and enjoy it!
I have to agree with you curt, a "settlement" which we once viewed as a positive is losing some of it's shine as the decision to shutdown of "ALL AND ANY" information seems to have arbitrarily been made by PTSC management. There is no need to go into a self-imposed quiet period and treat shareholders as disinterested parties...we have been waiting a very long time for the outcome of the Texas findings and to now stonewall us completely on ANY subject short of the confusing 10Q, which btw begs more questions, is reprehensible. Management should be smart enough to find a way to report on the future of this company without comitting any indiscretions regarding the settlement. Now, it makes me wonder if they are capable or just don't care.
someone is loading up @ .006..anyone with L2?..how about an update?
nice outline Boca...
Happy New Year to all...
Are the MM's just talking to each other with these 100 sh trades? If so, what are they saying? Need more shares? *smile
Thanks Tommy, then this brings me to another question..could the value of a restricted/unregistered share be different than the value of a tradeable share? More questions than answers right now.
Annie
Tommy, this poses a question..the 120,000,000 are not registered then? I'm not clear on this..unregistered shares are also restricted shares as well, are they not? Any restricted shares, I thought, had to be included in the outstanding share count. Can you offer any help to clear this for me?
Annie
You are right Trader..I am upbeat about the future of this stock, understanding why tho means you have to accept that this stock has come a long way from it's conception with the
usual fits and starts. This is no Mom and Pop corner deli, this is a very complicated business involving many facets that must be handled delicately while secreting the core of the business. I expect it will be just as Paul said, once everything is up and running the pps will take care of itself. The system needs to work flawlessly and we need to show revenues to attract more interest. No amount of bickering or slicing and dicing is going to make that happen any faster than it's going to happen. Sit tight and enjoy the Christmas gift PR's, it's kickoff time!!
btw, I think you enjoy this contrarian point of view..best of the holidays to you and yours.
Sky, Allie has said the $500,000 payment statement may be premature. The PR clearly says the 120M shares to SPZI was the first step, so the 2nd step could easily be the $500,000 payment. Apparently SPZI is going to PR this to an excruciating one item at a time speed rather than warp speed.
Still, it makes for a very nice Christmas present to those of us who have been patiently awaiting this very info.
Annie
Song..this was a dividend..not officially a split. We are awaiting the authorized share total to see how many shares were issued. We know the 120M to SPZI is restricted, we don't know for how long, I think it's usually 6-18months but it can be anything, I suspect. We are also hoping that SPZI's
120M equals about 40% of the total issued shares. More to come when the price per share has been established. Kind of exciting, isn't it?
Annie
I'm trying to understand the 363share trade @ 15.00..its over the top. If you didn't already own XXIS you aren't going to get the 50 to 1 divi..correct?
Annie
My pleasure Wildman, and after seeing your share count, dinner is on you at the shareholders meeting and just to warn you, I also get dessert..Lol...
Best wishes to you and yours this holiday season,
Annie
These are quoted as being dividend shares..not a share split..I am assuming these shares are coming from treasury shares. We still do not know the total amount of the authorized shares, when that is known then we will know better what SPZI owns. No matter what it is, it is a very good sign that progess is being made and it's all good.
Also, someone was questioning the 120M shares, here is the PR that explained all that.
Annie
Spooz Sells SWARM License for $1.5 Million
- 9/26/2007
Chicago, IL - September 26, 2007 -- Spooz, Inc. (OTC: SPZI), announced today that it has sold to 141 Capital, Inc., by an assignment of an existing license held by 141 Futures, LLC, the exclusive license to trade its Statistically Weighted Arbitrage Recognition Model (SWARM) in the futures and derivatives markets for $1.5 million plus other consideration. Under the terms of the agreement 141 Capital, Inc., will make three consecutive quarterly installments of $500,000 beginning in the fourth quarter 2007. Spooz will account for these installments as revenue.
As additional consideration for the license, 141 Capital will pay to Spooz 7% of its net profits generated from trading operations that employ SWARM and any trading systems developed in the future that are derived from the SWARM technology. 141 will also issue 120 million shares of its common stock to Spooz.
This is showing as a dividend..my guess is the authorized shares are much higher and those are being held as treasury shares. Since this is a dividend to stockholders..those shares are coming out of the treasury shares which is a much higher total. We still don't know the amount of the authorized shares of which SPZI owns 120,000,000. Just my thoughts. We need a good primer on authorized, issued, float and restricted shares.
Annie
yes, and a 100 share sale at that price too...lol..some MM wasn't paying attention, they've dropped the ask now. Whew, that almost got away from them..
It may be sealed but someone obviously knows what's in there and it must be good...*smile
Somethings up?
Can you give those of us who don't have access more info..
who is suing whom and is there a countersuit?
Many thanks in advance.
Annie
endub, thank you for that reference.
Can anyone clarify the difference between a "marketing agreement that we have with TDA and an "affiliate agreement" that we have with Interactive Brokers. This was from Paul's email response on 11/4.
TIA,
Annie
Good Question for some of our financial people,CPA's or the like..when is it normal for a company to record revenue?
1. When the order is received from the buyer
2. When the order is shipped by the supplier
3. When the order is delivered to the buyer
I suppose it depends too on when/how CHDO asks for payment
from the buyer. Does anyone have any experience with this that can shed some light?
IW, that was my point also in an earlier post, Mike has a good point too, when the Audited Financials are published then the subsequent events will be included. I also noted the short interest has all but faded away which bodes well.
At the Expo, when asked, he replied they are not looking for any cash, at this time.
Sky, you and the others are hammering away at something that noone here can do anything about. We can't give you the PR's you so desperately want. We are waiting just like you. Lawd knows if it was something we could make happen it would have been done long ago if for no other reason than to quiet the complainers, my suggestion is to take a break from this board if the waiting is causing too much pressure. We need to restore the WAG's, they were at least more enjoyable than this lack of patience.
It is unlikely that XXIS would simply "give" their company to another entity without some form of payment whether it be shares or actual cash from SPZI. Progress has been made, not as quickly as some traders would like, and we all are anxious to have the plan outlined but I don't get the feeling there is any concern about available cash for at least the next few months. Also, I believe we will have the info we are waiting on before the next quarter report. Delays are always inherent in a startup business and this is a very complicated structure that is being put together with lots of players who also exert some control over when and how things get rolling.
Seeker, correct-that quarterly report was thru 9/30/07-it appears things started to happen in Oct with the movement of XXIS etc. We should be getting news at some juncture with more details.
My thinking on that MG is..this quarter ended 9/30-since then I have to believe investment $$ has come to SPZI via some source. We know that in Oct SPZI found the money to buy
the shares of XXIS..we were also told there would be a $3M start up investment for XXIS. We have also been told SPZI would receive $500K per quarter for the next 3 quarters and 7% fee for trading which would begin soon. The CEO has told us he has refused investment funds from some sources, he also told an investment EXPO that "we don't need money at this time but will sometime in Mar" (I believe that was the date). Some of this info has come by way of PR's, some by email and some via the EXPO, so I don't think we need to be worried about SPZI paying the $14K cc bill. BTW, anyone notice the hugh drop in short interest? Very nice.
Agree Seeker, they bought the license for $1.5 M payable over 3 quarters @ $500k per quarter. The license is perpetual.
Seems to me, we could record the payment in that quarter as an installment payment with the 7% income to be recorded in the quarter earned.
I think this is one of the lowest volume days I've seen here.
We might need some Geritol..
Good question Wildman, lets get MC to include it.
Allie, disregard my post to you, I remember now that MC is handling those questions. Thanks
Allie, my questions for Paul this week..
1. Paul, you mentioned the NY Chamber of Commerce would be providing space in NY, can you tell us if that is gratis or a negotiated lease @ SPZI expense?
2. Will Errol Stone be as open to the Q&A as you have graciously been these last two weeks?
3. Do you see any announcements regarding licenses, subscriptions, or business collaborations before the end of the year?
Lastly, let me thank you for the information you are passing
along to us via the weekly email, I believe it's of enormous help while we wait for official PR's.
Let me add my thanks to you Allie; glad to hear you are not leaving us permanently. My best wishes to you and your family. MC, looking forward to your leadership and guidance, you have a tough act to follow but I doubt you will have any difficulty keeping us straight.
Annie
Is that what you think he is doing Change?
I can tell you how it appeared to me, but to enlighten would cost you more,lol.
I see a way for Apple Rush to be traded in the market, albeit as a pinky, I also see Rush Net and Rush Beverage getting a slice of that pie via percentages owned. I do have concerns, ie. how is he going to raise the cash to run two-no 3 companies, is more dilution on the way? Can he get investors? We really have zero info as to sales, distribution, status of the Amicalola investment, so there's lots to be concerned about but also some rays of hope.
This, on the surface, sounds like very good news. I'm sure the pundits on this board will break it down for us in a hurry. Apple Rush will soon be trading on the pink sheets.
Peeved, I too have wondered where the Mods have gone. I see Allie has just posted on SPZI asking for info re the email.
I have never received one, has anyone here? But still,no rebuttal from the company with which I really have some concern.
Peeved, point me to where you are looking at on Ameritrade for this info. I have looked into Research but can find very little.
Annie
***Disregard, I found it now and see the outstanding shares @ 266k with 100k float. So now we do have all kinds of conflicting info.
As far as I know there has been no update to that amount at this time. We should get clarification soon, I think managment is waiting to receive confirmation documentation.
Lets hope they use FedEx to deliver those documents, lol.
This is roughly the share structure since 2/28/07