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Where are you getting this information??? I think you are way off here and very misleading.
Milo, you confusing the issues. You obviously don't understand the technology. STV2 is a trading tool. SWARM is a trading algorithm or strategy. The litigation of SWARM should have nothing to do with STV2.
Here is a summary of pros and cons for Spooz. This will be what they have accomplished
PROS
----
If you live in the pinky world, then there are probably a couple of thing that will impress you about Spooz
1. The have audited financials.
2. They have had two shareholder meetings.
3. They have released an extensive amount of disclosures.
4. Paul has answered many shareholder questions. He has made himself available.
5. Spooz did hire people first quarter.
5. They plan to uplist (but this really isn't a PRO since it's still a plan and not reality)
Well, that's pretty much it. Now for the CONS.
CONS
----
1. No revenues
2. Flagship software over 2 years late. 1.0 never launched in April of 2006. April 2007 was supposed to be 2.0 launch and it still hasn't happened.
3. SWARM is not trading. Currently in litigation.
4. XXIS only paid Spooz 83k of 1.5 million.
5. XXIS is still not trading, not producing revenue.
6. SpoozChart, released a few months ago only generated $62 dollars in revenue. Yes that is sixty two dollars.
7. Dilution.
8. Dilution.
9. Did I mention dilution. Paul has to sell stock to keep the lights on.
10. No mention on a number of previously announced deals, namely TT and AmeriTrade.
Gmenfan,
It's not that anything posted here is a lie, it's just that the statement from SPZI downplays the whole thing like it should be a non issue. Although, this little lawsuit is holding up trading and revenues, which is huge for these two struggling companies. Don't ya think????
Milo,
The delays for SpoozTool2 is not associated to the delay in 141 using SWARM. I believe the delays in Spooztool2 are more likely linked to the reasons Rockmek has pointed out. As much as it pains me to say it, I believe that it is most likely true.
Rockmek,
SWARM isn't trading because it's in litigation. SWARM is a trading strategy, it's not the tool. It's only a strategy that is executed with Spooztool. I was there last year at the shareholder meeting and saw a demo.
Having said that, SWARM was supposed to be the holy grail of all trading systems. It claimed a 95% (or something close to that) success ration, although it was only traded for a very brief time last June. The fact that a strategy - claimed to be so awesome - sits on a self and can't be utilized is a tragedy. This is a huge failure on behalf of the company. They simply do not know how to make money and apparently they never will.
So you call the company for information on a regular basis? Maybe they shouldn't answer so many questions and get to work generating some $$$$$$$$$ instead of making conversation.
Here is a summary of pros and cons for Spooz. This will be what they have accomplished
PROS
----
If you live in the pinky world, then there are probably a couple of thing that will impress you about Spooz
1. The have audited financials.
2. They have had two shareholder meetings.
3. They have released an extensive amount of disclosures.
4. Paul has answered many shareholder questions. He has made himself available.
5. Spooz did hire people first quarter.
5. They plan to uplist (but this really isn't a PRO since it's still a plan and not reality)
Well, that's pretty much it. Now for the CONS.
CONS
----
1. No revenues
2. Flagship software over 2 years late. 1.0 never launched in April of 2006. April 2007 was supposed to be 2.0 launch and it still hasn't happened.
3. SWARM is not trading. Currently in litigation.
4. XXIS only paid Spooz 83k of 1.5 million.
5. XXIS is still not trading, not producing revenue.
6. SpoozChart, released a few months ago only generated $62 dollars in revenue. Yes that is sixty two dollars.
7. Dilution.
8. Dilution.
9. Did I mention dilution. Paul has to sell stock to keep the lights on.
10. No mention of a number of previously announced deals, namely TT and AmeriTrade.
NoCents, here are some answers...
- No updates on the patent, my guess is that there has been no progress
- I believe Spooz did get the 120 million shares, but I need to go back and look again at the details so hold on for this one.
- SPZI will make gains if XXIS ever starts trading. Right now they are still looking for certification to begin trading public money. Worst yet, the flagship trading strategy SWARM is currently in litigation because supposedly it go hijack from two former employees. And even worse yet, XXIS was supposed to pay SPZI 1.5 million, 500k per quarter for the license of SWARM. Spooz has realized only 83k of that.
- This is the second round of projected revenues. I wouldn't put much faith into the projections. If you go back to their web site and look at the original projections, you will have yourself a very good laugh.
Problem is NoCents, nobody can buy it until they release it, which they have been unable (or reluctant) to do. This is what makes this investment so frustrating. The fact that they claim to have something, but can't generate any revenue on it.
Allie, we have been told a lot of things and have been given a lot of dates. None of them have been met. Finalization in July is just another date and most likely a stall. Paul better get better at negotiating something before he dilutes this thing to 10 billion.
Right now the main question is why. Why are there no revenues. I don't think they answered that at the shareholder meeting. Ok, we see that retail launch has been pushed to Q3, Q4 (I say next year). That's fine if they are focusing on local professional traders. But where are the results from that?!?! Why are they not selling it to them? Does the tool suck? Do the professional traders hate it? Do they think it's too expensive? Can Spooz not support it? Why no money coming in? WHY???????!!!!!!!
Hey traderfan, if you look through my previous posts you will see that I said retail launch wouldn't happen until 2009.
"What else do we have? A retail launch which now got delayed for the 4th time and probably won't happen until 2009 if the past is any indication what happens in the future with this company. Forget about Q3 and probably about Q4. It just won't going to happen. "
Unfortunately yes. I wish it wasn't so, but yes.
Even so, they waited 6 months to tells that they can't even trade SWARM!!!!!!!!!!!!!!!!!!!!!!!!
The supposed super duper disruptive technology that is going to rule the world.
Man this is BS!!!!!
As a recall, Paul was also diluting the stock right up until the shareholder meeting last year... the very reason I am not going this year. I have heard it all before.
Yeah, Paul is always makes promises that are just around the corner. Too bad he failed to mention that SPZI is a sphere!!!!
Yes, yes indeed. Products that sell... Hmmmm, what a fascinating concept. Maybe we should pass that along to Paul next Thursday.
Rock, do you think it means "Big things"????
So basically your suggesting to me not to influence others? Isn't that an attempt to influence? interesting.
Dude, you might as well wish for immortality. How is Spooz going to step up and buy anything when they have no money?
This company is moments away from extinction, I suggest you come to terms with that.
Sandshark, you are obviously one of the few who sees things clearly for what they are. I am unfortunately underwater and still hoping I can get back what I have invested, but I won't throw anymore money into this chasing it down to zero.
Actually, there was a pretty good turn out last year, so I would expect about the same this year. You have a few locals and some of the diehards. I am debating if I will go. I mostly believe it will be a waste of time. I heard all the rhetoric last year. All evidence so far makes me believe it will again be all talk and no show. Wait, strike that, Paul did show us just how LOW the stock price can get!
Rockmek, the reason for this is that Paul needs something to tell the shareholders at the meeting so that he can keep stringing them along. Paul doesn't want to face a lynch mob next week.
Nukuhiva, this is the very thing I heard before the last share holder meeting one year ago. Nuff said.
I understand what you said. It is still pointless to ask that question right now. Who knows and who cares, let's focus on the immediate, like can they keep the lights on and the doors open.
I just saw this as a big list and I think it should be pruned down a little.
Please erase question #8 from the list. It is a stupid question and a waste of time. Obviously the company needs money first to buy back stock. Let's worry about that first and then if and when we have money we can worry about what to do with it.
Traderfan, asking the questions isn't the problem, they will get asked. Getting something other than generic canned answers is another story. Paul has been pretty good at painting a good picture and selling everyone a story, but unfortunately he is getting a rep of the boy who cried wolf.
Here is why, they haven't finished submitting all the paper work yet.
"141 currently is NOT soliciting for, or taking any client money for trading. No solicitation will take place until a Disclosure Document is properly filed and approved by the National Futures Association."
Thanks superSquirrel, but that is already apparently obvious since no one has bought it.
I was planning on attending the shareholder meeting, but at this point I believe it would be a mistake. I don't want to spend time in prison, because a way overdue thrashing is in order.
Allie stop, just stop already. Nothing you can say can help the horror.
I knew it!!!!!!!!!! I posted several times that nobody was buying Spoozcharts. Looks like Imperial is the only user. OMG this sucks.
The horror!
Yo Rockmek, where do you see this reported?
Spoozchartz was sold to you and maybe one other person (based on the mere $160 revenue reported) a month after its launch. That is truly comical.
This is a bad, bad sign because it means they have no other source of revenue. I believe Paul wouldn't issue more 504s unless he has to. I guess he has to, which means they are not selling squat. I thought the point to being in business was to make money???
3 months? Why do we have to wait 3 months? Are they not posting 1st quarter results? Did I miss something?
Volume doesn't mean anything unless you weight it with share price. Try using total $$ exchanged and you will find it's not a record. Share price 14 months ago was much higher.
... and we only saw 83k of this money, therefore Paul had to dilute more stock to pay the bills. And you wonder why people are pissed.
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.
“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.”
- - - - -
News! News! News!
Oh, wait a minute. Sorry. Yet another prediction that was completely false and insane.
Spooz Projects Large Revenues and Earnings
- 3/20/2007
CHICAGO--(BUSINESS WIRE)--Spooz, Inc. (OTC:SPZI) announced that its financial projections demonstrate the company will enjoy sizeable leaps in revenues and earnings over the next three years. According to its most recent economic forecast, Spooz expects its total income in 2007 to be $3,271,253, increasing to $29,474,886 in 2008 and spiraling to $102,328,865 for calendar 2009. Projected revenues are derived from three primary sources: SpoozToolz subscriptions for the Basic product and its attending modules, templates and trading systems; repackaged market data feed products; and proprietary trading. The projections have been published in a revised business plan that includes in-depth background information on the company, its structure and management team, descriptions of its products and services, operational plans for its profit centers, as well as management's certified financial statements.
“I believe our projections to be a robust estimate of where Spooz is headed from an earnings perspective,” declares Spooz CEO Paul Strickland. “In the upcoming year, we will begin offering a succession of extraordinary products and services that will undoubtedly trigger a substantial increase in our subscriber base. We will be offering, as part of our SpoozToolz suite, innovative add-ons such as the Instant Edgar XBRL module, as well as other modules that will provide wireless trading and system monitoring on any intelligent hand-held device (available in early 2008). I fully expect Spooz to achieve profitability this year and will provide our shareholders with remarkable financial gains over the next three years.”
Well, that sounds like a lot of shares (and it is) but 72million shares with an average trade price of .0009 is only $65k in total money exchanged. Not really that big of a deal.
News is good, but tomorrow everything will be back to how is has been. A slow bleeding death to absolute zero.