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nope, nada...looks like i'll be fishing again on Monday.
sorry, i got no level II but i think i went after HILL...order was in right around 3:30 for 4800..still no fill...
have a buy order in at .145...see if she fills
i figured it was someone selling by year end for tax purposes....but i dont have level II so i couldnt tell if they were buys or sells.
50/50, 30/70, 20/80...? I'll take anything at this point.
From the view that Kaitrade is doing all the work, I will not be surprised by a 30/70 split in revenue but what is the point right now. 1) Nobody knows what the split is(unless MC spoke with someone in the know)...and 2) there is nothing to be split at the moment.
Until we get word that the deal with bloomberg is real, this is all pointless to me. My hope in this investment is dwindling but i still hold a little. If spooz only gets 30% of revenues from a deal with bloomberg in the end, they could still turn a profit with their low overhead...and a profit would be a first here. i for one would be celebrating b/c it would keep this investment alive. if bloomberg is real, i think that could open doors to other opportunities in the future...which would be more reason for hope.
it should be interesting to see what happens after the new year. i converted all of my shares b/c i was afraid of a R/S to get the sp moving. however, if there is not a R/S and they get the sp to move some other way, i think converting will have been a mistake. my logic said that converting was safer since i will still be able to exchange in the end to get some value for my stock....i think keeping them common was a riskier play but could have more upside.
happy holidays!
i guess you guys type faster than i do...
i am now very happy with my buy before close last friday!!!
in addition to the 11.1 number, i especially like this part of the PR....
A second, and equally important
consideration, is Deep Down's long-standing reputation for providing exemplary
installation services of all types of equipment in offshore operations at any
depth," commented Drilmar Monteiro, Delba Drilling International Cooperatie U.A.
"We anticipate continued use of this solution in our Brazilian operations, as we
have a significant backlog of rigs all requiring an effective and durable
buoyancy solution for deepwater operations."
well, right or wrong, i just bought 11,000 at .24...it filled immediately which is kind of surprising...but oh well, i made the move...go deep down.
anybody, i hold some shares here in the .80s and have been waiting to add more. i have to sell another stock to do so and have been watching for dpdw to drop and that stock to go up and then make the switch...today might be that day but one quick question first....
is the recent dip in deepdown simply due to oil prices dropping or is there something else going on? i saw earnings and thought they looked pretty good but did i miss something else???
i agree that things are interesting with respect to bloomberg but the lack of trading volume is keeping my excitement in check...i can only hope that we are about to explode on the scene and people at bloomberg aren't buying this stock b/c they are restricted due to inside information...
the truth is that other than bloomberg, spooz, kaitrade, a few stock forums, and a few others who are close to spooz (someone mentioned here that lady at SFB was aware of bloomberg deal) nobody knows about this deal...that is the only positive i can find with respect to why we have no volume right now...hopefully those in the know cannot buy or we should be seeing steady volume while we wait...
we can only hope...
another year huh???
i guess you mean that you think this is a complete lie...look, i'm not defending the past of this company, but to post this on thier website without ANY ounce of merit would be pretty stupid...i'm looking to hear something official on this by the end of the year.
Spooz Discloses Contract to Shareholders
- 9/23/2008
Spooz is pleased to announce an integration agreement with Bloomberg Tradebook’s electronic trading system. Due to mutual client demand, the SpoozToolz trading software will be able to send orders and receive fills in the equity, futures, options and Foreign Currency Exchange. Spooz and Bloomberg Tradebook anticipate delivering an integrated product to customers within sixty days. The product is available to Bloomberg Professional ® service subscribers.
SpoozToolz utilizes Microsoft® Excel® as the Graphical User Interface for creating trading strategies because Excel undoubtedly is the de facto, universal standard for analysts and traders in all financial markets. SpoozToolz adds toolbar functions to Excel that enable the trader to easily create quote and trading screens that act as a direct portal to Bloomberg Tradebook’s multi-asset, electronic execution gateways around the world.In addition, Excel provides a familiar platform upon which to quickly and develop and deploy automated strategies before the opportunity is lost to the customary development cycle.
Although Strategies may be developed in Excel, the low latency execution of orders is performed in the SpoozToolz C# middleware.SpoozToolz includes a control dashboard that displays trading activity, position, fills, and status of each order as well as profit and loss statistics.The dashboard also serves as an efficient tool to aid the trader in managing strategies running simultaneously in diversified markets.
The agreement between the two companies calls for delivery of the SpoozToolz core product as well as its Custom Pricing and AutoSpreader modules.Additionally, Spooz will provide custom trading templates to Tradebook and its customers on a fee basis and will make its template library generally available to those traders wishing access.
“We are so pleased to have one of the finest companies in the world as our partner,” stated Paul Strickland the Spooz CEO.“Our mutual agreement marks a significant milestone in our company’s history and provides SpoozToolz access to a large, sophisticated customer base with compelling needs for our products.”
Nov. 23 is approximately 60 days from date of when bloomberg deal was posted on spooz website...i'm not holding my breath b/c there is a history of things taking a bit longer than advertised but i do expect to here something before the end of the year b/c I DO believe that something will come out of a deal with bloomberg
IW, if IP of the bloomberg zone is less than 100 screens/month, i think we should frac it and try to get it up to 1000 screens/month
ive invested in a few wells in the last few years...this is really quite similar, high risk, high reward and just as nerve-racking
fun, solid research, i appreciate the fact that you referenced your data sources.
-more evidence Bloomberg deal is real
-leads me to wonder if spooz was negotiating with SFB/SMCC and then found out that Bloomberg was interested. Perhaps they believed that Bloomberg would lead to greener pastures, so they backed off. i remember some on this board saying that the SFB/SMCC partnership was more of a marketing deal and not a revenue generator...so it would make sense that they would focus on something that would lead to revenue...just my speculation...
i dont understand the migration of folks over to kaitrade and it is not ideal to me but since kaitrade is openly advertising spooztoolz as one of their software packages to implement, i doubt that anyone who wanted to run from spooz would go to kaitrade...they are intertwined
thank ya sir, sounds like it is time to shine or resign
IT, can you elaborate on what you meant by "final bridge" in your last post?
Also, in your opinion, is there anything that would jeopardize the deal with Bloomberg at this point? Is it "in the bag" or does Spooz still proving that their software is worthy of a deal?
Thanks for any response!
or they will start/have started making money with the bloomberg deal which looks more likely...imo
fidelity still has no further information from the TA or the company. as of this morning (10:45 central time), they cannot execute the exchange.
they said nobody should be able to execute the exchange unless more information is provided and the exchange offer is approved by SEC....so, i guess it is sit and wait. hopefully we hear something this week.
song, i dont know if it is just a fidelity thing or not...this thing is so darn confusing. it is beyond annoying...i will call them a little later this week and let you know what they say next time.
called fidelity this morning and they are STILL waiting on details and cannot execute the exchange at this time...the lady i talked to today said that even with instructions, they cannot execute until the offer has been approved by SEC...per the Information Statement on Oct. 08 from the company, this had not happened when yet...
the rep i talked to today, said that a letter of intent could not even be sent by fidelity until the offer is approved by SEC...
is anybody hearing whether or not this has been approved?
lucky, i follow you...and i have thought about how that might work but i dont really know to be honest....let's say we have shares we bought in April 2008 and we exchange those for Series B preferred shares by November. Then we convert them back to common shares in Feb 2009. If we wait and sell them in April 2009, are they considered to be the same vintage that we bought in April 2008 and thus would qualify for "long term gain"???
or when you exchange your common shares and then convert them back to they get "reset" somehow...so that you would have to wait a year from when you convert them back to common to qualify???
anybody know how this works?...am i making sense anymore?
just talked to fidelity for 3rd time this week...they told me that there is currently some information updating in their system but they couldn't access it yet. they told me to call back monday or tuesday. hopefully the information is instructions for the transfer, which they requested from the company and the TA a week ago.
the rep i spoke to today told me that typically they can handle these things electronically. IF there is a special clause that physical certs must be sent, they said that can take a few weeks BUT you fidelity will notify the TA of my intentions and that should suffice until the physical certs get there.
so....still not 100% clear to me and who knows if we will get an extension or another update, but fidelity has left me with the feeling that i will be able to do this if I want to...even with the Nov 7 deadline
yes, the lack of past delivery has landed us in triple zeros and future delivery should get us out...the past is already embedded in our sp so looking forward i see a lot of upside from here...imo
fwiw...i had a dream last night that they released new details on the exchange....lol...my life must be boring if i can't find anything better to dream about!!!
i used the word IF and not WHEN because it hasn't happened yet and we haven't gotten an official PR.....however, we did have mulitple people from this board contact bloomberg and verify that a deal of some sort has been inked....although you may not admit it, this allows one to have some legitimate hope here...of course, there are still quite a few details that need to be revealed
perhaps it wont be "retail", but if bloomberg launches a spooztoolz product in 2008, i think you lose
wtf...so mark savage is saying the TA needs physical certificates and that is not what fidelity or what some others are posting here from their brokerages....in this day in age, it sure seems like this can be done electronically...are we going to here more from 141 on this or not?...very frustrating trying to work and investigate this at the same time.
fidelity update...i called fidelity before lunch and they reitereated that they will be able to execute this electronically once they have proper instructions from either the company or the TA. they opened a work order to get instructions on October 10th after the first time I called them but they had not received any further instructions at this time. they recommended that i call back in a few days.
depending on what fidelity will need to do, they said there could be a $38 fee...they couldn't be sure without further instruction on how to execute the share exchange.
for any other fidelity customers, i have been calling 1-800-544-9354. the work order # to reference is W022982-10OCT08.
so...are we to wait for another PR or do we go ahead and try to tender shares now if we want to accept the offer???
why even waste the space with this "huge" talk. i dont know what IW called it, but i'll call it huge. how are you gonna tell me that for a company in trip zeros with no real revenue, landing a deal that could bring in multiple millions in annual revenue is not huge....how much do you want to start with??? a deal worth $20mil? i think you meant to point out that we shouldn't get too excited until we see exactly how many screens will be sold, and i'll agree with that...but this first step is a big one imo. now we just need to hope a lot of screens are sold.
song, same as BofA...the guy i talked to wasn't sure if there would be a fee until they had the exact instructions for the transfer...i should have asked if there is usually a fee for something like this but i didn't
questions....
1)The information statement says that "No conversion of Series B Preferred stock to Common Stock can occur until after a holding period of three months of the date of the certificate." What is meant by "date of the certificate"? Is it the date that you tender your shares to the transfer agent or is it Nov. 7, 2008? I ask this question b/c i want to know if there is any difference in transferring your shares today compared to doing it on Nov. 6 (one day before the deadline). If you accept the offer sooner, can you convert your series B back to common sooner?
2)Is this offer open to only those who owned XXIS on the date of the announcement or is it open to even those who buy shares afterwards...like today?
for fidelity customers....i called their corporate stock plan services # (1800-544-9354) and asked them what i would need to do to take part in this stock exchange offer. they checked their system and the offer did not come up. they put me on hold and after waiting for almost 20min for the rep told me they got on the 141 website and the offer looks legit. they simply said that they would need to contact the company to verify and once they did that, i could call back if i wanted to exchange and they would take care of it for me.
i'm still trying to take all of this in and decide what i want to do, but i will probably try to call them on Monday to see if they were able to reach 141 to verify.
trader, did you seriously think spooz had enough employees to provide IT support for a large deal (even 500 screens and not 1200). i didn't...although it is hard to know exactly how many employees they have since we are kept in the dark. with no revenue just yet and the A/S maxed, i see this spinoff...or outsourcing... as a necessary move on their part. It is a way to get the deal done and implement and support the product. They could have raised more money by diluting our share structure more or something like that as an alternative....but instead someone else is finanacing this other outfit...and in return they will get some revenue...
look, i don't like giving up any piece of any money spooz migh eventually make....but to me this is more proof that spooz is knocking on the door of actually making some coin...more proof that this Bloomberg deal is real and is just around the corner....for us here sitting in trip zeros, that is great news! if we have to give up a percentage of multiple millions of dollars we are still going to be making some serious money and this stock will move.
rich, the ignore feature here on ihub is quite effective...
quick question...does this exchange offer work for shares bought even today or up to Nov. 7?...or is it only effective for shareholders as of date/time of release?
i just poked my head in here for the first time today and i see all this common stock exchange banter....wow, i have some reading to do...
waller, i have not seen that before...nice find
it looks like jim hensel was checking with some professional traders on how valuable a tool with spooztoolz capabilities might be...the answers posted give you a flavor for how frequently excel is by traders. if spooztoolz can help bloomberg provide a "friendlier" interface, it sounds to me like people might want it!
repost of the link that waller provided....
http://www.linkedin.com/answers/financial-markets/option-markets/MKT_OPT/253463-6329271?browseCategory=MKT_OPT
since i am not a professional trader, whether or not spooztoolz would truly be desired has always been the biggest unknown to me with respect to spooz's true potential. the jury is still out but there is some evidence mounting that suggests they've got the goods...
if bloomberg is going to PR this deal at all, why wouldnt they just wait until they are ready to roll-out the new product that they are developing with spooz(from spooz's release, to be within 60 days)...
it is much easier for me to envision a pr from big bloomberg that says, "we have a new tool!!! and by the way spooz technology made it happen"....rather than, "we just signed a contract with some pinksheet company called spooz!!"
this would allow them to advertise the new product, and perhaps throw spooz a bone in the process.
thats my take on it anyway...personally, i am not betting on a pr from bloomberg and think it wont matter in the long run...revenues will speak loud enough for me....