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Hi, Allie. Glad to help :)
BTW, I came across this story by setting up a Google Alert. If you have an account with Google (free), you can set up an alert, which means you can ask Google to search the web daily for anything you specify, and it will email you results as you find them.
My current alert is: Spooz OR SpoozToolz
You can set up as many alerts as you like using whatever keywords you think might be useful.
Thanks, Reed - you completed my search!
Hi, folks
I am a bit frustrated at the moment because I did a Google search for Spooztoolz and one of the results was the following:
Fledgling 141 Capital Prepares to Trade Client Accounts
Hedgeworld (subscription) - New York,NY,USA
Mr. Stone said these systems were built using SpoozToolz, a product of Spooz Inc. Chicago-based Spooz Inc. is a substantial shareholder in 141 Capital, ...
http://www.hedgeworld.com/news/read_news.cgi?section=mfad&story=mfad1365.html
When I click on the link I get prompted for a username and password - can't get any further. It looks like it might be an interesting article.
Hi, Gbathat. So are you saying from Spooz's point of view it would be desirable not to PR any deals so they can buy back stock at low prices?
Thanks for your thoughts.
Songbird
Just a thought. Would it be possible that Spooz could make a sales deal, and receive revenues, without it being PR'd? Not saying that is happening yet, but might there be reasons for a trading company not to want competitors to know they are using Spooz Products?
Thnks very much for the report, blsh!
MC,
I doubt there is any successful company out there that has not made their fair share of mistakes along the way. If Spooz "continue to struggle right along" I think there is hope for investors here.
If they have a determined management honestly trying to succeed, and have smart, capable people putting together a superior product for which there is a decent market, IMO, there is a chance for success.
No guarantees, but we all know that when we invest.
Best to you,
Songbird
Milo3,
The fact that they are now involved in mediation shows they are willing to look for help in a different way.
Songbirdia
Let's hope that all the legal distractions have not prevented the Spooz team from pressing forward with their sales and product development.
Yes, Erik Long is no longer listed as part of the management team on Spooz's web site.
Very interesting document, Mike - thanks for sharing.
I found this particularly interesting in light of what was stated in a recent PR from Spooz about the possibility of stock dividends being issued in the near future.
Nice to see you relaxed, Milo! There is a lot of anxiety in this neighborhood.
Regardless of our opinions of Spooz, I hope we can be civil and kind to one another here. I guess we can do little else at the moment but wait for further developments.
You know, I sometimes think about what would be the better position to be in: On the inside of a public company like Spooz as a manager or employee, where you know what is going on and are in a position to contribute to the success of the company - or an investor on the outside where you know relatively little and you can't do much to affect the outcome of the company - but you don't have the high stress/high workload connected with a startup company.
Well since they announced the three systems today, might that indicate they have NFA approval for them? Just a question.
I agree, Birdito. It seems like there are some important internal changes going on within Spooz. I wish we had more information.
At some point soon 141 should publish disclosures for each of these trading systems. I believe disclosures have to be in place before solicitation of clients and trading commences.
Just a thought on the first PR this week:
"Spooz, Inc. will market its revolutionary trading solutions to active and professional traders in North America through its wholly owned subsidiary Spooz Technologies, Inc., and in Europe through its wholly owned subsidiary, Spooz Europe Ltd"
I just noticed the Inc and Ltd. With business regulations differing between Europe and the US, perhaps the separation between the two subsidaries will be helpful when dealing with the different legal environments.
I certainly agree, Milo3.
Obviously, we all want to know as much as possible about what is going on in a company we are invested in.
However, investors are not insiders, and so there is a lot of information we are not privy to. So we have to exercise patience and wait for the PRs. Time will tell whether the company has good news for investors in terms of revenues and sales.
FYI, this is a response I recieved to an email I sent to Paul Strickland:
We have engaged Big Apple Consulting and subsidiary, Management Systems Incorporated (MSI), to perform all of our investor relations initiatives and activities. That means that there will be some significant changes for Spooz in the way we have previously communicated with shareholders. In other words, investor relations have been elevated to the next level in the evolution of the company and will be exclusively managed by Mark Savage at MSI. I have forwarded this email to Mr. Savage and he will respond according to his company’s policies regarding these matters.
Clearly the value of stock dividends depends on whether the company is successful. If Spooz is successful over the long term, then I think that those receiving the dividends will be happy, even if they are restricted.
Thanks for posting this, MC.
I found it interesting that many of the posters use Excel for trading analysis, and other programs for execution. SpoozToolz operates within the Excel environment - and it looks like from the few responses, that there could well be a lot of interest among those who are already using Excel.
Anyone know anything about how Bloomberg uses Excel? I am only familiar with the news side of Bloomberg.
Songbird
OT: Milo3 - sorry couldn't find your email displayed. Mine is songbirdia2000@gmail.com
Thanks, milo!
Good morning, milo3. I have checked out the PACER registration site which allows access to the Spooz vs Groves et al case. I see there is an 8 cents per page to access the documents. Can you say how many pages make up the documentation?
TIA
Songbird
Thanks, milo3, for passing on the information.
Hi, Georgie,
Nice to see you here. I don't think that Spooz is currently frozen from doing business because of the litigation. To me it sounds like they have made the necessary adjustments in their products to protect themselves from any legal repercussions and are moving ahead with their business plans.
Songbird
Milo3, can you say where one can obtain the court proceedings of Spooz v. Groves and Peng He?
TIA!
Songbird
Happy 4th to everyone. I hope all in the US enjoy the holiday. The blessings of liberty are priceless!
Curious why the ask bumped up to .0004 after the A/S increase was reported. And as you say, nothing at the bid today.
Rover, this is from the handout that was distributed at the sh meeting:
"Several broker distribution and trading firm sales are in progress, each requiring unique product configurations and different levels of customer support. Finalization of these sales is expected to begin in July of 2008"
So, yes, I would say the product is for sale. We don't know the outcome yet. I guess we'll just have to stay tuned.
Songbird
I honestly don't know, Bobby. There may have been changes. I just wanted to point out that on the company's website they are still talking about SpoozToolz 2.0 which will apparently be released to the public later this year.
Here is a link to a more detailed description of SpoozToolz Pro (It looks like more tools have been created since the arrival of John Unwin)
http://www.spooz.net/SPOOZTOOLZ%20PRO.htm
Hi, Bobby. Not sure if you are correct about the demise of SpoozToolz 2.0.
http://www.spooztoolz.com/category.aspx?categoryID=5
SpoozToolz 2.0 is still being used by the company. It is described as the the Excel add-on.
SpoozToolz Pro includes other modules and seems to be the product that is being marketed to the professional community.
Best regards,
Songbird
A possible scenario where a R/S might be a good thing is when a profitable company on the OTCBB might want to uplist to a bigger board, and they need to have a higher price per share and/or lower share count to qualify
I believe that down the road, if Spooz becomes profitable, they might make move for a higher exchange and then a R/S could be a good move.
GM, Allie. When the new version of the website is up (the last PR said mid July) do you think we'll see a track record of trading? It seems that would be a major selling point.
I really don't know very much about the USXP story, but it appears there may have been some things going on that might help explain the pps slide. I don't want to make a judgement here, but I think it is worth looking into the whole story, not just one side.
http://www.bloggingstocks.com/2008/01/29/former-universal-express-ceo-richard-altomare-defends-his-compen/
Thanks, Allie, for posting this.
Thanks for including the link about what is required to be in the disclosure documents, Allie.
A lot of work needs to go each document, and if they have three systems, then that makes it a substantial task. Looking over the requirements, once the docs are completed, we should have a pretty detailed idea about what each system is comprised of. Should be interesting reading.
Thanks, Allie. That explains a lot.
Don't think so. I thought Spooz's ex-Peng He was a phd in Mathematics.
Thanks, Critter! Here's the PR:
Business Status Update of 141 Capital, Inc.
CHICAGO, Jun 18, 2008 (PrimeNewswire via COMTEX) -- 141 Capital, Inc. (Pink Sheets:XXIS) today announced the progress being made in its ongoing start-up operations.
141 Capital is currently working on three system trading programs. Testing of two of these programs has produced outstanding returns. It is currently anticipated that 141 Capital will commence trading in August.
The Company filed its Disclosure Document with the National Futures Association in early June and anticipates its approval no later than the end of the month. Once approved, 141 Capital will be able to solicit for customer CFA accounts. The Company is commencing to build its sales organization.
141 Capital has contracted with Tavros Technologies, Inc., Chicago, IL to build its permanent website. Errol Stone, Chief Executive Officer of 141 Capital, stated that, "The second iteration of the website should be received this week with the website up and running in mid-July."
About 141 Capital, Inc.
141 Capital, Inc., a member of the National Futures Association registered with the NFA as a Commodities Trading Advisor and a publicly traded company based in Chicago, utilizes electronic trading systems for trading financial products and providing trade recommendations listed on the world's derivatives exchanges, including foreign exchange futures and options (mostly on the Chicago Mercantile Exchange), equity index futures and options worldwide, energy futures and options, grain futures and options and fixed income futures and options.
Forward-Looking Statements
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of Forward-Looking Statements: This news release may contain forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These statements present management's expectations, beliefs, plans and objectives regarding future financial performance, and assumptions or judgments concerning such performance. Any discussions contained in this release, except to the extent that they contain historical facts, are forward-looking and accordingly involve estimates, assumptions, judgments and uncertainties. There are a number of factors that could cause actual results or outcomes to differ materially from those addressed in the forward-looking statements.
This news release was distributed by PrimeNewswire, www.primenewswire.com
SOURCE: 141 Capital, Inc.
By Staff
CONTACT: AudioStocks.com
Ronald Garner
760-692-1167
(C) Copyright 2008 PrimeNewswire, Inc. All rights reserved.
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As many people have mentioned, the key for an increase in share price is revenues. It certainly sounds like the Spooz team is doing a lot of work to pick up revenues, and IMO they see the quickest way to get revenues rolling is to work within the trading industry where they can get the highest dollar subscriptions.
From what was reported, there are discussions and negotiations going on a number of fronts. I don't think we can fault the team for not trying. We know that one sales call turned into the JV with SFB, so there must have been something about the product that impressed.
I guess we'll have to wait and see the results of their efforts.