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If she were, I'm sure he would be getting the paddle right now, rather than a letter.
Honestly, though, while I am frustrated with how things have turned out, I do find it slighly encouraging that 141 is still kicking and Spooz has some ownership. I think in most cases, the plug would have been pulled at this point and we'd be holding absolutely nothing.
I do hope we have some liquidity by year end, should things not go anywhere fast with 141. How does one write off a stock that they cannot sell?
http://www.otcpicks.com/stocks-to-watch/stocks-to-watch-07-13-09.htm
was this a paid ad for oncp (jul 13)?
I don't think so based on the website's disclosure info...
http://www.otcpicks.com/disclosure-details.htm
anyhow, the only recent web activity I've been able to find on oncp of late.
hope everyone is doing well.
gbathat
no pending nfa registrations yet...
http://www.nfa.futures.org/basicnet/Details.aspx?entityid=0392733&rn=Y
... seems like a rate-determining step to me, so I am a little concerned that the ball is not rolling yet
thanks funmaxus...
Nice to see 141 getting protective of the tradetablet address... sign of progress to come.
Are we getting near that 90 day window's end yet? :D
Fingers crossed.
Gbathat
no se, pero me likey
hopefully someone heard something good somewhere
http://www.141capital.com/marketing_revenue.html
strange that this link works, but not 141capital.com
No harm intended mc!
I am on a $19.95/mo service from at&t... not quite dsl:D, but about 15X faster than dialup.
ugh! get our money back!
slow to load, slow to navigate
simple (good) but not simple (bad)
hard to read
immature
globe spinning not really relevant, imo
hopefully a first draft
Thanks for the explanation funmaxus (I'm glad your hand is better!)... certainly mind-boggling.
And didn't the wind river PR say something about wind river having lots of experience in financial software development or something? even though it is a new company owned by Paul and Errol?
Yeah, we need some clarification about the current state of matters and what these other companies are up to...
I am okay with Spooz disappearing so long as we get our oncp shares in exchange. I don't know if they can do this.
Spooz owns 300,685,714 ONCP shares.
There are 5,000,000,000 spzi shares. So for every 16.7 shares of spzi, would you get 1 share of ONCP? ...
Based on ONCP's current trade value of 0.0009, the value of an spzi share right now would then be 0.0009/16.7, or 0.000054- kind of sad, but it explains the low volume on spzi lately.
Our fate is tied to oncp's fate either way.
I know nothing very little about this issue, so any criticisms of the analysis and logic are most welcome.
I agree Milo, and I also think that trading was sort of the backup plan all along. Perhaps some opportunities arose that rekindled the spooztoolz dream... Madoff certainly didn't help us!
We'll see how this all pans out someday.
tradetablet.com
This puppy was registered on February 23rd... perhaps the plan was taking shape long before they announced it
Registrant:
paul strickland
xxxxx xxxx xxxx
des plaines, Illinois 60016
United States
Registered through: GoDaddy.com, Inc.
Domain Name: TRADETABLET.COM
Created on: 23-Feb-09
Expires on: 23-Feb-10
Last Updated on: 23-Feb-09
Administrative Contact:
strickland, paul xxxx@gmail.com
xxx xxxxx drive
des plaines, Illinois 60016
United States
(312) xxx-xxxx
Technical Contact:
strickland, paul xxxx@gmail.com
xxxxxxxxxxxx
des plaines, Illinois 60016
United States
(312) xxx-xxxx
Domain servers in listed order:
NS19.DOMAINCONTROL.COM
NS20.DOMAINCONTROL.COM
Registry Status: clientDeleteProhibited
Registry Status: clientRenewProhibited
Registry Status: clientTransferProhibited
Registry Status: clientUpdateProhibited
I should note that I think we can still bounce back if 141 is successful.
I am holding my shares in hope, and I am thankful that Paul and crew are still trying to make things work.
Gbathat's hypothesized summary of spooz's downfall
This is just my impression of what happened (some of it is guesswork)
Late 2007- Unwin strengthens the spooztoolz product and rewrites some of the code
Early 2008- Further restructuring of code due to Groves and He issues
Mid 2008- Spooz has to dilute us severely to keep paying its staff, but deals are coming along nicely... we just might make it
Fall 2008- Economy crashes, Spooz loses a funding source that was a critical part of the business plan. Spooz cannot dilute anymore.
-Spooz can no longer aford to pay Unwin, so Unwin parts with the indication that his new company Kaitrade will sell spooztoolz. Jim Hensel tags along. Kaitrade negotiates a good cut that they won't have to share with us measely share holders.
-Unwin realizes that he could write a program that does some of the same stuff as Spooztoolz and may also be easier to integrate into existing systems.
Late 2008
-Discussions between Paul and John about a potential shift in the platform go poorly, and Spooz has no leverage.
2009
-Kaitrade develops its "new" platform and pitches the concept successfully to Spooz's target clients
-Kaitrade launches and we get nothing
My conclusion: The combination of a bad economy and some poor management decisions resulted in an opportunity for Unwin to screw us over, which he did with skill and precision.
My opinion: Mr. Unwin did not pay attention in his engineering ethics class, and if Spooz can get the funds to go after Kaitrade in a court of law, they should do so. While I'm sure John modified the program, I cannot believe that he did not incorporate any proprietary ideas gained while working for Spooz under some sort of NDA or non-compete agreement.
My two cents, or 200 spzi shares worth on a good day.
Peace,
Gbathat
-
My recent email exchanges with Kaitrade indicate that there is no relationship between Kaitrade and Spooz.
Gbathat
I am not comfortable about recent events.
This Wind River thing is really suspicious to me. Why that name? They could have chosen a billion other names, but they chose the name that is similar to a big, existing programming company and provided few details about it.
This reminds me of our discussions about 141 Trading Group about a year ago, a different entity than 141 capital with a good track record etc.
The combination of these events strikes me as more than coincidental.
Forming a new company would just be more dilution to us. Paul said it himself, that the business plan has always been what they are planning to do now. So why the new companies? To raise a few hundred grand? If the business plan has any merit, they should be able to raise that money through Venture Capitalists. I'm starting to wonder if the business plan any little merit beyond the inflated projections being sold to prospective penny stock victims.
I would love to be proven wrong.
Gbathat
me2 mc
who's paying is the question?
this whole momo crew coincided nicely with the disclosure to sell shares
seems a bit fishy
nicehit,
we get it, things suck right now... you express that in every post and that is fine.
BUT do not go ripping on people for presenting actual dd.
wish we would have found them three yrs ago instead of omniquant and unwin tech... they seem trustworthy... hope it works out- probably won't be cheap though.
http://www.windriver.com/services/platform-enabling/
spooz now owns 50% of 141... did I hear that right?
Thanks Nuk... yet another twist in the story. I will wait to hear Paul out until making any judgements.
Are they still trading your account?
Gbathat
that doesn't seem good.
I noticed it estimates $100K for salary related expenses through the fundraising.
$100,000/$0.0005 = 200 million shares, assuming they sell the shares at .0005 (I doubt they could get that pricepoint unless they have some good news coming).
To become profitable in Q3, they should be able to pay their own salary by Q3. So why $100K needed until Q3 for salaries? are they each making $100K a year? At this stage, that does no seem warranted.
perhaps the filing is just a threat to keep people from re-converting. Or maybe they were conservative with the estimates.
But if we go through another round of dilution like we saw last year, that would obliterate my investment here.
usually on your facebook profile, it states where you reside.
so I was expecting Chicago IL
Facebook friends have to be requested and accepted.
And usually when a friendship dissolves, you delist them on facebook.
So my question is, are John and Paul still on friendly terms?
And if so, what does that mean for us?
If Paul is now living in CO, what does that indicate?
At least he has Spooz in the background of his pic!
I personally have no idea what is going on anymore, but seeing that was curious indeed.
Gbathat
http://www.facebook.com/people/Paul-Strickland/1165933064
denver, co?
I found this doing a search for John Unwin (John listed as a facebook friend for paul still, apparently)...
what is going on around here???
update @ http://kaitrade.blogspot.com/
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141 Capital, Inc. - Season Trading Pool 1 15.56% 45.17%
Nice going Paul!!
http://www.autumngold.com
lots of good debate here... glad to hear the other side finally expressing themselves!
if you did convert (I did not), it seems that it would be wise to re-convert, imo. The gains in fractional ownership of the company would be substantial, and a r/s in the future might actually be supported by revenues.
My problem is that it looks to me like recent price declines are not due to the r/s, but rather to the faucet being turned on. This was unexpected by me as a shareholder who was under the impression (at the time of the conversion offer) that breakeven time would come in Q1, not late Q2.
If the company does nothing, I will therefore be unhappy, and I hope those that converted can understand that opinion.
excellent post
being a part of both group B and C, I hope Paul and Errol read your post:D
The forward split idea seems like the only reasonable way to save groups B and C.
But I'd certainly like the "drive the pps up to 0.10" option:D That would take some crazy good news though.
No, I am not surprised... but not based on who is or is not posting on a message board.
The existence of that old PR about the Spooz/Kaitrade deal was at one time a cause for hope amongst some, and I just wanted to make the point that the PR is now gone.
I am very curious to know exactly what went down behind the scenes that caused all of this. Perhaps we will find out some day.
In the meantime, I hope Paul will find another way to create a market for Spooztoolz.
I have a hard time seeing us going from Bloomberg's doorstep into the gutter. I am not optimistic but do hold on to hope that something will work out.
spooz-kaitrade deal no longer mentioned on Kaitrade website
http://www.kaitrade.com/News.html
I noticed they updated their site... that was the only difference I noticed.
I hope it is dwindling...
Perhaps someone bought and sold 10M shares for $10K... $0.001/share... that would be drying up soon if that was the case.
Anyone have an estimate of our burn rate?
Thanks,
Gbathat
low volume today... a good start:D
hope everyone is good... been out of town lately and lurking periodically.
Peace,
Gbathat
for all you Jim Hensel fans out there.... what, no Jim Hensel fans anymore??? looks like Kaitrade needs some cash too... please note the odd p.s.
From: Jim Hensel jim@KaiTrade.com
Sender: jimhensel1958@gmail.com
Subject: KaiTrade
Date: Wed, 4 Feb 2009 10:30:29 -0600
To: ron@themayreport.com
Ron,
I enjoyed your heartfelt criticism of my performance last night at the BNC VC presentation. I do wish to follow up with you and see if you would like to know more about KaiTrade and its software. If you would like to see a demo and have the opportunity to hear from the British guy again I would be happy to arrange that. Otherwise I am expecting nothing less than glowing reports about us.
Best regards,
Jim Hensel
PS. If you get us some funding I would even consider some type of sponge bath payoff.
--
Jim Hensel
Business Development
Kai Trade, LLC
209 West Jackson
Suite 636
Chicago, Il 60606
Office 312-361-0055
Cell 847-691-8497
Skype Jim.Hensel
http://www.tmronline.com/A55951/tmrarticles.nsf/e3092cf237ce5b7386256921005cf436/0321089a488d2e488625755600258e9c!OpenDocument
If you follow the autumn gold link to the 141 description page, it states $10K.
My guess is typo on the main page...
4th out of 200+ is not too shabby... Keep it up Paul!
:D
thanks! been meaning to get around to that calc but not the time... really appreciate your efforts and will check math tonight... looks good at first glance though
Thanks for the honest update Zohn.
Hope remains, but the challenges are daunting. I agree- most people in Paul's situation would have hung it up by now. I think he is a true entrepeneur and is set on seeing his idea through to implementation, no matter how many problems pop up along the way (Omniquant, Peng and He, Unwin).
I think there will still be a market for Spooztoolz if they can get it integrated. Bloomberg does so much based on Excel already that it would have been the perfect fit. Hopefully, they'll get something worked out.
Peace,
Gbathat
The Board of Directors approved the capital restructure to position the Company for growth, to reduce the market volatility 141 Capital’s shares have experienced, and to better reflect the Company’s earnings now that the Company has commenced trading the 141 Seasonal Trading Pool I, LLC (``STP1').
They wouldn't dilute after such a statement, would they?
I just don't understand the volumes we're seeing and the dropping pps.
Tomorrow I will make my last purchase of 141 or Spooz shares. After that, no more averaging down for me.
So we've traded over 1/3 of the o/s since last week?
and the price has gone down?
hmmmm...
thanks!
(and nice work!)
sorry i missed your earlier pm as well.
have a good one!
Gbathat
hey Nuk,
I just called the t/a and they said "You'll have to call the company. We don't give that information out."
Can you provide more info regarding your conversation?
Thanks,
Gbathat