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Jenny I think you might have misinterpreted the press release.
"We believe the sponsorship of 141 Capital together with the sale of this license add significant value to the equity ownership of our shareholders in numerous ways," stated Paul Strickland the Spooz CEO. "Spooz will have the benefit of posting a minimum of $500,000 in anticipated revenue during each of the next three quarters; the transaction establishes a recurring revenue stream; our shareholders are provided diversification; and certain compliance risks associated with trading public funds become manageable."
Payless I think it was a mutual fund that did me in I was going out of a fund and into of some stock. I think I sold the stock for a profit before it settled and jumped into something else and then "The Freeze". I did not know it at the time until I tried to sell something and I was sitting there trying to figure out why my trade was not going through and then I had to spend more on commission and go through a live broker for 90 days... It sucked sucked sucked. BEWARE THE FREEZE
I have done the same as you for some reason only known to them they froze my account about a year and a half ago.. As for trade settlement check out this link.. http://ftp.sec.gov/investor/pubs/tplus3.htm
Muchcompensation there is something that is called free riding. It's when you sell a stock and throw the money right back into the market before the trade settles. I'm not sure on the particular rules on free riding but I found out the hard way when TDA froze my online account and I had to go through a broker every time I wanted to sell or buy. Check with your broker.... This is from the SEC.. Freeriding
In a cash account, you must pay for the purchase of a stock before you sell it. If you buy and sell a stock before paying for it, you are freeriding, which violates the credit extension provisions of the Federal Reserve Board. If you freeride, your broker must "freeze" your account for 90 days. This means that while you may still trade, you must fully pay for any purchase on the date you trade during the 90-day freeze. In other words, you won't get the benefit of settling your trades in three days.
If you'd like to learn more about the 90-day freeze, read the Federal Reserve's Regulation T.
http://ftp.sec.gov/answers/freeride.htm
Wing don't put it past Paul if he has most of the shares of 141 all ready sold to qualified investors.... Hence the part of the reason for the quite period...
Wing that will be answered in the future obviously and I don't think the numbers will stay static. If history repeats its self share holders won't be disappointed. Strick is back in his old stomping grounds with 141.
Tyran the some information for 141 is available through the NFA website.. http://www.nfa.futures.org/basicnet/SearchResults.aspx?type=firm&firm=141
Vanbookie read this site they don't necessarily need someone to act as a MM for them unless they are going to up list.. http://www.sec.gov/answers/unsolicitedquotations.htm
Longhorn I think the separation of Spooz and 141 has more to do with the National Future Association then anything else. A managed futures company has a tremendous amount of rules and laws they have to live with. Browse the NFA link http://www.nfa.futures.org/ and you'll see what I mean. 141 still has to compensate those high caliber employees with superior compensation while keeping their fees in line with the rest of the industry. There is a tremendous amount of competition in the field of managed futures funds. As far as 141 is concerned it's free money. Paul was a bigshot in the managed futures world before Spooz was even a concept just look him up under the NFA link http://www.nfa.futures.org/basicnet/Details.aspx?entityid=0186923&rn=Y and read his Bio.
Diabolic those two guys are from the RageingBull board... They will be banned soon enough.. They are here for FUD
Diabolic, as it concerns Spooz, I only believe and it's due to what happened in the past with the company the numbers officially blessed by them. I remember the numbers your quoting and there still steller but there off by 350 million from that web sites. From the way business was done in the past they most likely have around 100 screens already with the controlled release in the traders community, it just depends on the size of the prop houses he has signed up already. Profability at this point would not surprise me. With your post I agree with you 100%.
Payless I have done my DD on Spooz before you ever heard of the company and please do not forget it. If you can get me Wall Street Finances address or even the name of the president then I'll give the site a second look. Maybe one of the fellow board members can see who it's registered to and we can start from there. As for them disclosing they have shares has more to do with Uniformed Security Act/fraud matters then a burning desire to be transparent, Please oh Please tell me PL what they base those projections on, Strick surely did not say it.. From the others who were at the share holders meeting no one said there was a statement from Paul or anyone in the company in respects to the 450 million projection for 2008. If you read those disclosures on the about us page of the WSF site and had any securities industry experience you would see why I am skeptical of WSF..
Thank you Jenny , when I was playing with the number of subscriptions it takes to come to the 1+ billion market cap its unrealistic anytime soon, not that its not possible in the future. Shine I think we have subscription in the 100 range right now from what I have observed in the past with Spooz and how they operate . Crunch the numbers or use Professors spread sheet in the I-Box and you'll see what I mean about a buck a share..
Allie, surf around Wall Street Finances page and all they feature is Spooz and a bunch of links. I do not think they are affiliated with Spooz or have their blessing to post that projection. From the statement " SpoozToolz is projected to provide revenues of over $3 million by year-end and over $450 million yearly by end of 2008. Paul Strickland, CEO said the projections were intentionally conservative. Darryl Dennis the Chief Marketing Officer said he needs to capture only 1% of the target market to achieve projections. " it sounds as if they have taken quotes from the company out of context and are using them piecemeal.. I can't picture Strick releasing numbers like that but Daryl did say the capturing 1% of the market part.. I read the I box again and no one who attended the share holders meeting says anything about about Paul or Daryl saying what WSF has on their site about the 450 million, or any number from that matter. From what I remember months ago that number popped up on this board and it was a speculative statement at the time as well as it is now. One simple question I have is who is the President of WSF? You have a web site and no name or address attached to it so it looses a great deal of credibility in my mind. I have a number of years investing and the WSF site does not have any credability if your looking at it objectively. If you would like to get an answer from Spooz as to weather they gave the info to WSF or have any comments on them I would appreciate it. If some one who attended the Share Holders meeting can corroborate paylessmoneys statements as concerns to the company releasing those estimates please do.. Allie I think an email to Daryl is in line with WSF...
Shine I am being a pessimist with the .10 with in a years time, but I'm using a low P/E. The problem I have with the 450 million projection from these people... http://wallstreetfinance.net/news.htm ... is that if you read the about us page .... http://wallstreetfinance.net/about.htm ... on the bottom you get......
" Wall Street Finance has not received any cash or stock compensation for the SPOOZ profile. The SPOOZ, profile was written so that we might be able to create future business for the Wall Street Finance web site under their Profile section. As of the posting, Wall Street Finance, Inc. the company owns no shares of SPZI, Inc. The President of Wall Street Finance owns 500,000 shares purchased in the open market at the price of $ .004 per share, and we attented the SPOOZ shareholders meeting with the purpose of learning more about product and the company. Three days after the profile of SPOOZ, the President of Wall Street Finance went out on the open market and purchased 1 million additional shares of SPZI at the price of $ .0024 per share."
Which leads me to think there projections from Wallstreetfinance are crap and they are a pumper.. There can only be so many accounts that Paul et all. can be expected to close per month.. Remember we don't have a year under our belt with revenues from only one quarter for 2007 if were lucky.. Spooz has the potential for $1.00 a share but thats way over a billion for a market cap and I can't see that being a possibility with any rational projections of revenue growth, it's not 1999 anymore .. I view spooz as a long term play with a ton of growth ahead of them but were only getting out of the gate with a product.. What I think Paul is working on is the first 100 or so accounts. It all depends on how large the prop houses are that he has SP2 running in and the fine details in the TT deal...
Wing if you start crunching some calculations of what is possible with only a lack luster launch (say one or two accounts from each sub from TT or Man) with the professional commodities people the numbers are staggering. Retail people will not spend anywhere as much money as the pros will on software. The amount of support needed for Joe average to become proficient with SP2 is immense, let them pitch SP2 to their target niche... The Pros followed by Joe average.... I can't wait to see the numbers from Strick and gang in a few months. I'm betting on a pop followed by a slow and steady rise in pps to .10 or above in a years time maybe sooner followed by an up listing to the OTCBB in about two years. I know from they way they were in the past and you can confirm it with longhorn they have more going for them selves they anyone can imagine. With Spooz "Quite Period = Big Money Coming"
Song TT is not speculation it's a done deal.. Please read the I BOX and the past Spooz pr's
http://www.spooztoolz.com/press_details.aspx?ContentID=108
Wing, I don't want to beat a dead horse but from what they did in the past if history repeats its self they already have a huge deal or two and revenue already coming in from software sales. Strick is not going to disappoint and when he does release a pr or two it's going to be huge. Just look at the size of TT and Man and I think you start to get the idea of the revenue to come..
Chris
LonghornBill I'm in since Austin..
"Due to new technologies Spooz has developed the SpoozToolz product is being released to high end professional traders and institutions in the futures and derivatives markets first. Retail releases of SpoozToolz in the equities markets will follow shortly. Please note that there are multiple products and technologies at play here not just one product. I anticipate a press release in the next 10 days that will shed light on this."
I said in the past do not surprise if they have numerous accounts signed up with high end traders/managed funds ect. What ever is coming is going to be really big.. I will speculate and say that they are already making money on the software and have been doing so for at least the past month...
http://www.allstocks.com/
Go to Level II quotes for pinks on top right
Just put the spooz symbol in..
After a little DD I think good things are ahead with the current chart.. Look at the Spooz chart and then this link..
http://www.investopedia.com/terms/p/pennant.asp
Is it just me or does anybody else see a pendant forming?
Paul and company are most certainly not going to sell out for pennies. He has over eight years invested in this company and a great deal of his own money was used to start Spooz back in Austin. Why sell out when years of work are starting to come to fruition. I dislike these periods of no news ect. from them but its not out of the ordinary. What ever is going to be announced is going to be big.
Gmenfan actually I have acreage near cortland in Chenango, Lincklaen NY
Wing you are correct it was aimed at the newbies, Yorik's post , it seems to reach the most people when I post in reply to one of the mods.
Allie as I told Wing, have patients. This quite period is not out of the normal for Spooz and Strick from my interactions with the company in the past. But I know as I have been there in the past it can be excruciating, but I don't think anyone will be disappointed. Paul likes to grandstand so what ever is coming is going to be good, it's either in the works or a done deal. This stock appears to be trading sideways and forming a nice base with any positive developments we should move up rather quickly. As for the 450 million projection, that did not come from the company and it is wishful thinking. Darryl did not restate the numbers after the TT deal.
Allie, from what I remember all options have been canceled. Read the old pr's from the company..
I should all ready know the answer to this one; but is there any time frame or even hint of a time frame for the website redesign?
Allie I told Wing in an email before his forced TOU Refresher (which by the way I can't figure out why it happened) Spooz is not Microsft.... they won't release a program with any glitches. ST2 can be working excellently but if there was a delay in data Strick still won't release it. He is a bit of a perfectionist at times IMHO. Anything that could significantly affect share price according to that email that is floating around is most likely a done deal. In the past Strick has a master plan on when to close a deal, release a press release ect. I know this could be almost grief especially at this point in the game. If he says he has a sort of gag order on information then it is something big for the company. I've seen this in the past more then once before the company was publicly traded. Once I was joking with my commodity broker who was one of the original Spooz employees in Austin that Strick likes to grand stand. As for the sell off today let the week leave and I'm here for a few more years. One dip two dips it does not mean anything... I was down high 90 something percent at one point and now Im up hundreds of percent with my orginal investment. They may be a day late but they won't be a dollar short -Chris
Wing if you have any links or recommended sites from Daryl then could you please post them, Having a knowledge of futures at least with the amount of money that leveraged provides, which can go with you or against you will bring a little more appreciation of what Spooz brings to the market. If oil moves one dollar the contract holder does not gain a dollar per contract per say. Lighting fast info with some technical analysis can make the difference between loosing a bundle or making a bundle when deciding to pull the trigger or not. Ole' Strick is really good with the indicators and Spooz grew more out of a need than a want. As far as the MM are concerned, who cares a few hundredths of a penny don't worry me with this company. Penny stock trader in my opinion are a different breed, I never met one in my time on Wall Street, trying to make a living $2.95 a trade never appealed to me nor any one I associated with. One thing I can guarantee is that SPZI is not going to time their PR under any circumstance in respect to stock performance that is something disreputable companies do. When the price first tanked from the one dollar range in the first month or so it started trading; to the few penny range I called up Strick and he did not even know the price or that it crashed. Price is not something they watch, there too busy even years before the launch to watch their stock price, so there not going to start now with the public launch coming up the SWARM trading and the private launch.
Keep the faith and be patient....
"They may be a day late but they won't be a dollar short" -Chris
"Strick" is a nickname he has had from his days in Texas when he had a few really good guys and his brother working at Spooz. He may have it from his trader days. I would like to know how he is pitching ST2 to the trader world. In the past they would go in teams to West Texas and sign feed lots and grain elevators, but they would put a great deal of time and energy into each client. It would not be out of the question for them to make them selves available for any software issues that popped up 1200 miles away. Once one feedlot or cattleman signed then others quickly followed, the company's reputation was sterling as was their customer service. The select few who have been using ST2 might be a small sized company like a managed futures fund, Introductory Broker, Traders ect.,. I can see them putting their resources at a few strategic accounts knowing like the past the rest will come from word of mouth. I can picture the company and it would not be out of the ordinary to have their employees running around answering questions and doing demonstrations to larger potential clients. Good software was very expensive and mediocre back then. All those little extras that come with ST2 will make a great number of people believers. Trying to get fibanocces, Black Scholes might be extra with the competition or not available. But again it's designed and pitched for the commodities industry not equities. For people who are not familiar with the commodity industry please do some DD on the matter. Anything that gives them the edge is worth it with the money on the the line. I know that after the official launch I'm going to ask some friends at the NYMEX to take a look at it and try to arrange a demo.
Guys I'll answer what I can, just ask. But remember I was a wall street broker around the time I bought in to Spooz (pre 9-11) and I'm not a programmer or in the telecommunication field, so any high tech issues I'm not the person to talk to in regard to computer issues. I think the way business was being drummed up in the past is the same way things are being conducted today. The moves make sense, ask me some question and I'll see what I can answer.
Chris
Allie this company came from a retail brokerage started by Strickland in an office on top of a store on 6th street in Austin with one or two employees to a brokerage that only did commercial customers. They went from signing grain elevators in the boonies around Texas and feedlots in West Texas. Back then becoming associated with the west Texas Cattlemen Association was the buzz and the deal of deals; nothing like TT or Man is today. Spooz tools existed in other simpler forms back in 2002 and it has evolved for years; multiple set backs and money plowed into development along the way. From an excel based add on designed for feed lots and grain elevators noticeable refresh rate where one person even had a dial up connection if I remember correctly, to a tool for the institutional commodities world. Spooz has been at this for longer then most people realize. I noticed the company really changed when some of the officers changed from mediocre to outstanding and then I knew this baby had great potential to become a powerhouse. But back then he went from no revenues or near no revenues to million dollar producers really quickly. The shares have only traded for less then three years now but they have existed since 2001 in one form or another. I remember trying to get my new shares after the move to Chicago after the reorganization and they did not want to spend the money on postage. I believe it was Cathy the treasurer, she runs a tight ship, the more you interact with them the more you know there in it for the long run and they are credible. They were supplying financial information even back then when they had a couple of thousand in the bank and were running on a shoe string yet still keeping everyone informed; open and honest. They have always had the plan to becoming a reporting company from the beginning so some things have not changed. There were some points that I thought they were not going to survive but they seem to pull through. I would not be surprised if they are all ready in the black or really close to it right now. I have learned to let this baby run and not to worry. And I'm telling you guys don't underestimate these people, Strickland in the past seemed like he would pull one out of his hat when you least expect it. I'll put it this way I can't find my newest certificate but I have no intention on putting it into the market so I'm not in a rush to call the transfer agent. Spooz on the cusp of becoming a revenue generating company again ..... honestly is not surprising.... They made a million plus when the O/S were less then I personally hold now and the shares had a decent P/E (they were not publicly traded though). Happened in the past so it's going to happen again. I would love to know what the word on the street among the CME/CBOT people is in Chicago. I actually did not see a demo or attend the shares holders meeting. It was a hassle getting to Chicago from NY with out coming the day before and leaving the day after and I was not up for the drive. I figured I would get a good idea how good it was through this board. It was my impression that the SWARM beta testing was not paper based and they did finally generate revenue. It was a small amount but it was real money. SWARM and the trading division was a great move from what they had and it was in the background for years from what i have seen through the years and it is right up Stricks and the some of the others in the company alley, the guy was a trader for years. Chicago was his stomping grounds for years if I remember correctly and I can only imagine the people he has lined up for ST2. I'm not really thrilled Allie simply because I knew it was going to happen sooner or later. After the setbacks it's more like it's about time. But in my mind there are still years to go for this company but I am happy there finally is light at the end of the Spooz tunnel and if all goes well I'll be retired by the time I'm 40. I knew they were going to do good before TT and Man were announced but after I knew the significance of TT then they went from micro cap to small cap in my mind. A little advice about them when they don't announce it's not because nothing has happened is going to happen or in the pipe line it's most likely that they are slammed and working on something. The delays are expected and it only for the best, they won't put out something half assed. Keep in mind they are a small company and things move more slowly due to the extra work load they each have to perform. How many companies can you call and speak with the CEO or a senior VP? The P/R's will come and the money will flow, remember guys with SWARM it I did get the correct impression about generating revenues it all ready has. They may be a day late but they won't be a dollar short..
Wing I felt it had to be said, I have no doubts they are five steps ahead of where most people think they are in the game. When the stock shot up and received a great deal of attention this place got invaded with pumpers and bashers like the three that were cast into limbo a few months ago. I hope to become a millionaire in about a years time with this company and I don't own as many shares as some of the people here but I do have a few, some from the private placement and a few in my IRA. I was fortunate to benefit from the anti dilution clause, I had no idea it existed (yeah I was pissed when they diluted before ST2 but I said to my self lets see what Strick pulls out of his hat this time ) or was in the works until I was pleasantly surprised by Strick with a letter and a new certificate arriving. Remember there were only around 1 million+ shares in the beginning sold for about 50ish cents a piece, I had 12000+($5000), the share structure changed a few times in the beginning also but never for the worse. I could have received my money back when they reorganized and moved to Chicago due to some legal formality, I had the option but I thought they were nuts for offering and said no thanks. . In other words I never got a screw job from the company and they have people with integrity working at spooz. They do care about shareholders, I'm proof of this. But they are small and I can imagine everyone doing two or three jobs at once and constantly on the run.. The bulk of the insiders money will come from what ever shares they end up with when the final share structure is determined years from now. Those preferred shares, (which in reality are a mystery besides having a huge number of votes attached to them, no dividend attached to them or a conversion ratio), and any that come from the new financing will change things in a couple of years. I seriously think and have for a while that the insiders will not allow this company to sell or be taken over for years; until it becomes a small-mid cap, OTBB or NASDAQ/AMEX listed company. Hopefully Wing it will be riding off in the sun set for a great many but be patient and remeber this company has a long way to go till it reaches any where near its full potential. Just as when Spooz was in Texas near the Arboritum, the real money is in institutional and the business end, not small time equity investors. Expect prop houses, managed futures people, introductory brokers and maybe hedge funds to be the first clients. The way things are with Spooz I expect any type of retail/small time investors using some version of ST will be a years off with the exception of some hard core retail commodities investors. If you want to truly see the potential of the Spooz then you have to have at least dabbled in commodities in the past, it's a completely different beast than equities. The data issues with the need for fiber or what ever it is can easily be explained, the difference between a lighting fast fill and any delay can easily turn profit to loss. If someone is looking for the complete package either it be Spooz with SWARM or their other customers this is the software to have, institutional commodities program designed by some from the institution commodities world. Look at this product from the point of view of the world of institutional commodities and you'll start to see its future. TDAmeritrade might happen but TT and Man is better IMHO..
Chris
Guys I have been reading this boards for quite some time and I have not posted before. But I think its safe to say I have held shares of spooz longer then anyone here... I have been in this stock since the original private placement almost seven years ago, the last time I visited spooz was when they were a brokerage firm, Gary Halberton and Steve Shakespere were working for them. yes I had a great time on sixth street with the fellows and I have spoken to Paul "Strick" Strickland in the past, and the last time was after ST1 fizzeled. And I basically told him I'm not happy with the share price but I believed in his and spooz's ability to become a wildly successful company and to keep at it. Well I just have to say it, THIS IS A REAL COMPANY, it not a shell or a scam as some have recently suggested. The delayed launch did not surprise me it always seems to happen that Spooz is behind schedule for some reason that was not factored in to the equation or something totally beyond their control. ONE THING FOR SURE I HAVE NEVER BEEN LIED TO BY ANYONE FROM SPOOZ IN ALL THE YEARS I HAVE BEEN A SHAREHOLDER AND "STRICK" SEEMS TO UNDER PROMISE AND OVER DELIVER CONSTANTLY. I seen some of the projections being thrown around and I think they have people signed up all ready in the professional commodities world but they are not going to be adding them by the tens of thousands a month for the simple reason... They will stand by their product and provide full service customer support and some type of training if it's needed.. ST2 is not a simple program and to fully use its potential can't be as simple as the crap that currently on the market. There is a finite number of employees at the moment and I don't think they are going to let any revenue streams leave due to customer frustration at lack of support. Be patient and relastic if you have a lot riding on this stock the just remember, Strick and company have a great deal more then you and I, this really is his baby, and I feel he wants to walk away with eight to nine figures from this company and ride off into the sunset..