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Goat31, The number of outstanding shares
is not 200 million - it's about 1.1 billion right now. They have an authorized share count of about 1.5 billion - meaning they can raise the outstanding shares up (by selling them) to the authorized share count to get more working money for the company till revenues come in.
At this stage in their business, its the only way to really get money to keep the company going so most of us in the long are ok with the dilution.
Hope this helps,
ITGuy
Ok - good questions and I'll try to answer them.
First, I don't have hardly any time right now so I will answer what I can and continue later tonight.
1. TT is not public yet but some little birdie told me that that will be happening when TT reaches a certain dollar amount.
2. TT, from what I understand, is connectivity to the exchanges - and a damn good one at that, probably the best according to Spooz people. If Spooz could only write to one company, they would want it to be TT - and its already a done deal. Like Fed said, 6,000 screens at $700 is huge for Spooz.
3. TT is not in competition with Spooz. From what I understand, TT will not take away from Spooz's supscription revenue. This will be a cooperative partnership in which both parties will benefit. (Now, there was a mention of something like $.05 cents per trade maybe or something miniscule like that. I didn't quite understand that at the time and I forgot to follow up on it.)
4. The senerio is that Spooz executes trades through TT and the trade gets posted back to one of TT brokerages. The speed of the trade is critical and that's what TT does best of all.
5. With that being said, I wonder how fast the trades will execute through Ameritrade and whether the speed of that will be a problem. Apparently, a lot of brokerages have crappy APIs that might cause a headache.
6. String - the amount in 504's is $200k but there was another amount in question and that was of the convertible financing. I had down $300k but someone else thought $3mil. Once the convertible financing hits, the 504's will cease.
OK - need to go. I will try to remember more and post more tonight. Again, Anyone who was at the meeting, please feel free to correct me if I'm wrong about anything.
ITGuy
Yes - TT is a done deal.
I don't believe there is a revenue stream strictly from the deal. Its a matter of how many subscribers to Spooz will use TT for trading.
Correct me if I'm wrong anyone.
ITGuy
Google and Microsoft were specifically mentioned
as potential buyout options. But as String said, it all conjecture at this point. The focus is to show the product can live on its own and generate the revenue that's estimated. Once that happens then, IMO, all bets are off as far as buyout pricing. TT is also a potential buyout as well. As quick as they were to get a contract to Paul after seeing the product shows they have a very deep interest.
ITGuy
No - TT is not public yet but...
They will be. Should be a very hot stock to watch when it does.
ITGuy
My personal notes and opinions on the SH meeting:
Overall, I thought the meeting was informative and reconfirmed what info we already had out on the boards. I thought there would be more people there and I find myself saying (a lot), why isn't this bigger? To me, this sounds like such a no-brainer its hard to see why it hasn't caught on yet. It's like either I'm missing something big or there are a lot of skeptics out there and they're missing something big. I'm a small fish in this pond of trading so I'm looking at Spooz from a 'believable' point of view. I've worked for small companies, and even an part owner of one so I know things to look for in a company trying to survive and make things work. Everything I see here with Spooz tells me these guys are legit. They are humble, down to earth, honest guys. Paul let me fire away any and all questions I had (while the band wasn't playing lol) and he answered them all without a hitch. He has nothing to hide and is completely open.
The whole team seems exceptionally smart. Talking with any one of them you can tell what kind of in depth thinking they have gone to to get to where they are now. Seeing SWARM in action was a treat and the amazing thing is that the same technolgy in SWARM is available in the BASIC release of SpoozToolz. The amount of calculations needed is amazing and will certainly give credit to the term "The speed of Z" (new marketing stuff)! Its hard to say this is the Holy Grail but I say Holy $@#*!
Lots of background info was given. Spooztoolz grew out of something he had done back in Austin selling a product to the grain sector. People were eating it up at an incredible 70% success rate.
A definate concern I have is the documentation. There is a lot of that still needing to be done - and it needs to be done right.
There are also some additional cosmetic changes to ST needing to be done. I know these things will be ready in time for launch (or there won't be a launch till its ready).
ok - I need to head out. As I come up with, I will post.
ITGuy
Continuing on...
Question: International offices
Answer: This is a tricky one. Spooz is small and while they believe they can go global, there is an immense amount of overhead to due language and tech support. They aren't quite ready for this. They will be able to hit the US market and build their support base - then move on to the global market, if they aren't bought out by a bigger global market company.
The web site is being redesigned and will be up at launch. IT is completely e-commerced based and that's where the majority of buying into Spooz will happen.
Advertising will start in June in the areas Wildman stated before. In addition, they will be doing quite a bit of advertising on Yahoo Finance.
Phased rollout: Phase 1, few weeks - Futures, Derivatives, Forex
Phase 2, few weeks after Phase 1 - Stocks and Equities
Phase 3, with 6 months - Templates and trading systems
Documentation is key here. There is a ton of work needed for the documentation side of the rollout. That is a key challenge for them at this point.
more to come as I remember...
ITGuy
Wildman, the financing note I had
was that the amount to get from Series A convertibles was $300,000 not $3,000,000. We might have to get Paul to verify which one of these is correct as that is a huge difference between the 2.
ITGuy
OK.. Here's my (first) post..
Ok Guys. Sorry for the delay in getting this up but I needed to catch up on some sleep. I have read all the previous posts and I must say that Fed and Wildman have done an excellent job of posting a lot of the info I was going to post. So instead of rehashing everything that they have already said, I will just take the bits and pieces that I have and put them down in no particular order. There is so much info out right now that its hard to keep track of it all. Ok - here we go:
Question 1: Swarm
Answer: I wish I had it! Stellar is the word used and its pretty fricken amazing on how it caculates the spread/ask to get a profit margin. Paul believes they will be able to 'live' off of SWARM to run the business.
One thing I want to point out, when we talked to Jamie about the working of SWARM, it was very clear to me just how in intelligent this guy is. There is just way too much detail to just try and make this stuff up if it isn't for real. This guys gets it, understands it, and has tested it. This is unbelievable stuff. I had such a smile on my face as I was listening to some of the technical aspects of the programming behind it - not that I could reiterate half of it again.
Question 2: Swarm in use?
Answer: SWARM will start this Monday with Monthly reporting results from a CTA so there will be no question that this is legit. They don't have a set amount to start with yet so we'll just have to wait and see.
Question 6: Any new Company Debt?
Paul: Neglible - very small amount. (This was answered during a playing of a blues song when we were out and it was very hard to hear. I hope I didn't misunderstand him)
Question 10: Ameritrade deal
Answer: They won't be able to state anything related to the Ameritrade deal because Ameritrade won't let them. They don't know when it will happen or if at all. Over 9 million customers at launch time with access to an additional 110 Brokers due to the deal with TT (more on that later)
Question 12: R/S Split and TT Deal
Answer: They don't believe that's inthe best interest of thier shareholders and/or themselves. The officers are shareholders -that's how they are going to make their money in the end. The last thing they want to due is make the stock weak. These guys are very down to earth. They have sacrificed a lot to get the company where it is. The core officers all moved up from Austin, TX with no guarantee this would work and with a fraction of the salary they could have made elsewhere. This is huge for them and they plan on it being their 'last job'. Wing and I learned quite a bit about thier backround last night and how they came together to build this company. They have a team that can 'solve big problems' - problems that other companies who tried to do this same thing (Revco - I believe the name was) failed to do and collapsed.
TT is a huge deal. When TT came in the first time to view what Spooz has done, they left and, according to Paul, the VERY NEXT DAY, Paul has a contract on his desk from TT! How cool is that? The guys at Spooz have conquered what sounds like some high end problems and that's what is getting all the brokers excited. Spooz wanted everyone to thinkthey were at odds with TT but instead, they are working together to get Spooz to their customer. Paul said that if they had only 1 company in the world that they wanted to write to, it would be TT - AND Paul had already wrote to them before he had the contract. Paul knew TT would want them so they wrote to TT well in advance. Now that's just good thinking.
Question 14: Who holds the stock?
Paul: The vast majority of the float is held by institutions. The 4 officers that converted their common stock to restricted stock can't sell their stock for a year or 2 (I forget which one).
Question 16: Uplisting
Answer: They are really not in a rust to do this till they have solid revenues coming in. It's a lot of money to do and until they have some solid finacials from revenue, it probably won't happen. They don't know about the new picksheet rating system either and where they will fit into that. I think uplisting will happen Q4 or Q1.
Ok - I will post this now and continue on with my next one...
ITGuy
Just too tired...
Sorry guys, 2:30 now and I just got back. I'm going to head to bed now and will post answers tomorrow. Although, I did read through Fed's posts and pretty much agree with everything he wrote. I'll talk a bit about the questions Fed couldn't answer as well as give some additional info we got during our blues night out. Lots of good stuff. All I have to say right now is that Paul and gang are as genuine, smart, honest, and humble as anyone could hope for in this game. Glad to be a shareholder here.
More tomorrow morning...
ITGuy
hi everyone,
posting from my phone right now having a drink and listening to some blues with Paul and gang. Wing is here too. We have lots to post but it will probably be tomorrow before we can do it. All is great here and I'm all smiles. Talk to you guys soon.
ITGuy
I'm in Chicago now.
I have the list of questions and hopefully I'll meet up with a few other ihubbers so we can tackle all of them together.
We'll post the answers as soon as we can.
ITGuy
Oh sure endub, now you tell me.
After I already printed out all my copies. lol
No problem, I will add it to the list.
ITGuy
NP Wing, I will print off several copies.
You staying in town tomorrow then? Maybe several of us can catch a drink together before we head our seperate ways again.
ITGuy
Thanks Allie,
I've printed that out and will jot down some answers as they come up in the meeting. Hopefully we'll get some great answers that everyone wants to hear. I really wish I had more money right now. Would love to up my stake another 3 or 4 mil. Oh well, I'll live with what I got. lol.
ITGuy
To all those that are going...
If there are name tags available tomorrow, I suggest that we put our real name and then our iHub name under it in quotes so we can recognize each other. I live in South Bend so I will be driving home tomorrow evening. As long as it's not midnight before I get home, I will be posting some notes for everyone to read.
Allie, do you have the final list of questions made up? I can't remember - were you going? We can split up the questions among everyone that's going so one of us doesn't hog the floor with all the questions, lol.
I'm going to my Chicago office tomorrow to do some work and then heading to the meeting around 3:30 (need to get a good seat! lmao).
Looking forward to meeting some of you tomorrow.
ITGuy
Shinebox, you can buy as many as you want...
You will just have to pay a higher price for the shares as the price goes up. It's not a matter of whether the company has shares left, but rather how much you are willing to pay to buy the shares you want from another investor - at thier asking price. Current ask (from another stock holder) is around .0027 so that's what you would need to pay for each share if you want to buy in.
Hope this helps!
ITGuy
Parking Info for SH Meeting
172 W. Madison St.
(312) 704 0068
Open 24 hrs.
Takes both cash or c.c
201 W. Madison St.
(312) 663 1490
Open 24 hrs.
Takes both cash or c.c
181 W. Monroe St.
(312) 236 3949
Open until 11:30
Takes both cash or c.c
ITGuy
SPZI Shareholder Meeting Update Info
Hi all,
I e-mailed Spooz a couple of questions about the meeting next week and here are the answers:
1. What is the dress code (or is there?) normally for these meetings?
Paul - I’m sure management will be dressed in business attire, but shareholders can get away with business casual.
2. There are several people that would love to come but can't. Will this be recorded or Webcamed? If not, is there an objection to someone bringing a webcam and recording it for everyone to view later?
Paul - Management has not made a decision on recording and distributing. The shareholder’s meeting will not be broadcast live. We would appreciate it if you did NOT bring a camera of your own, as we will not allow it in the meeting.
3. Where do we park and will it be at the 29 S. La Salle address?
Paul - There is plenty of public parking, but it is charged by the hour and sometimes it can become expensive. I will get back to you on parking.
I will post the parking info when he gets back to me.
ITGuy
elis2000, If it hits a $1, I think we all can come to you
for the party! lol
ITGuy
Hi elis2000, Glad to see you're on board!
Yes - most of the descent posters here have done an excellent job of DD and have graciosity posted that info for everyone to read. One of the things needed to keep this an active and up to date board though is for everyone to contribute whenever they can. So if you come across any DD, please be sure to post it! I know I try to come up with new info but being I'm a bit of a newb in this area, I have trouble finding stuff that hasn't already been found and posted (kinda frustrustrating as I feel I don't contribute enough - especially if this takes off and I make a killing on the stock!).
Israel huh? So I take it you won't be at the stock holders meeting? lol
ITGuy
I will be going to the meeting Smurf.
So if you wanted to pass your questions on to me, I should be able to get them answered.
Who else will be going? I would say that whoever goes should where a name tag with their real name and thier iHub name on it so we can identify each other.
Anyone know what the dress code normally is for one of these meetings are? I'm not a suit kind of guy so if I can avoid it that would be my preference!
ITGuy
hmmm. Almost 9.5 Million customer prospects at launch.
With only 2,500 customers needed to be profitable.
I think I'm going to like it here.
ITGuy
Wing, I certainly understand your side of it...
I was just going off of the Smurf's post you referenced in your critique of him. But since his first post, he has referneced PR's and such and is putting together 2 and 2 to come to the same conclusions we have. With so many good DD posters on this board, its hard for someone (such as myself and others) to come up with brand new DD to post - its already on the board by the time we find it! Thus all we might be able to do is speculate a bit and reference old PR's or info.
I think a great thing to see is someone having initial concerns (or bashing) of Spooz start turning around and seeing that there is actually something there to be excited about (such as "iranian..." - or some name like that - from the ragingbull.com board). To me, that's one of the best signs that Spooz is everything we think it may be.
I say - bring on the critics - and watch them turn or burn when Spooz hits it big!
ITGuy
Wing, Are you sure you read Smurf's post correctly?
He wasn't saying anything bad or out of the blue that we all didn't know already - just stating an opinion. I think it's nice to see some new blood here stating some opinions - especially those that might have had an unfavorable view of the company before but are beginning to see everything come together to change their mind. Please don't harp on him for that.
ITGuy
Couple more items from the demo...
I also asked about Fidelity and Paul said not currently but very possible in the future. They are already swamped with programming for the current brokerages that want their product. I might be getting an account with TD before too long.
I said we were all looking forward to hearing of other big brokerages they are writing for and he mentioned the following: Being that Spooz is really platform independent, there are many smaller firms wanting to get there hand on this product. It would enable thier clients to have some of the 'big boy' tools that only the big names have now. This is another huge market that I didn't even think of. Why wouldn't they want Spooz for thier clients?!
I didn't realize that this was a one on one demo. I told Scott at the beginning that maybe I wasn't the right person for this demo - that there probably was someone with more experience that would benefit more from the demo. Then, as we were going through it, I thought to myself "No, I'm exactly the kind of person to demo this as it's supposed to be for the average Joe."
I really wanted to hear more of the training side of it but we ran out of time because of the next demo (thanks Milo3! hehe)
I think I will definately use SPT when it's available and if I get an account with Ameritrade. However, I would see more of a benefit if I had a bigger portfolio - maybe later this year if SPZI does well!
Alright, lots of things going on at the house. I will write more as time permits and my memory returns.
ITGuy
OK - my critical analysis of the demo...
Well, here is my first thought - WOW. Very in-depth but some backround first:
As my name suggests, I'm a IT Guy. More specifically, I'm the IT Manager for my company. I work mostly in the network infrastructure side and stratigic planning. I'm not a programmer in any way. Maybe some scripting and old world knowledge but no programming or advanced Excel experience (my wife knows much more than I in Excel). Also, I'm a beginner trader so training is important. That's why Spooz appealed to me and why I became a shareholder. I'm ready to learn more about options, futures, and market analysis so Spooz seemed to fit the bill to help me learn efficeintly.
Ok - on with the impressions and thoughts about the product. I can't describe how incredible it was to to see so many different feature add-ins available. Features that I have absolutely no idea about. As a average trader, a lot of these anaylsis features are way above my comprehesion. This is where their training will have to come in. You can make SPT as complicated or as simple as you want. You can make it look as simple or as complicated as you want - all it takes is basic knowledge of Microsoft applications (Fonts/color, etc).
I feel that right out of the box, I will be able to put together my portfolio with some basic analysis in about 30 minutes. Trading is a snap. We traded some hypothetical futures in a few seconds.
They have so many templates to choose from - things like the energy sector or grain or oil. All right there and ready to go.
ok - time for the devil advocate: There will be an initial impression by some that the interface is unpolished. This is simple due to it being in Excel and you're limited in display options. It looks like Excel - not its own product. Now you can make the display show any info you want - but it still has that speadsheet feel to it. I'm glad the software is free and that it's the service you are paying for. If it helps someone make money, the look of it won't mean a thing. Now the upside to this is that the everyday Joe Trader shouldn't be spooked by some fancy looking interface that they have no idea how to operate. Like I said, basic Microsoft application knowledge is all you need - although it is not just limited to Microsoft Excel.
There is still some programming left to be done and that worried me a bit. I would have liked to see it fully completed by this point. They do have about 12 developers working on it so I have no doubt they will hit the official release date (Which, by the way, sounded like it was going to be earlier than expected - Paul kinda danced around a bit.)
I hope they develop a more professional looking demo. Now, this demo was probably put together last minute to address all the shareholder questions being posed to Paul in the last couple of days so I'm not too concered about it. But if you are going to show it to a room full of suits, it needs a little more polish. Basically, it was a GotomyPC connection for the demo.
I really liked what I saw - more because of the immensly in-depth templates and features you can add into it than anything else. Paul truely believes, and I also, that this product has the potential for at least 50,000 users which he says would put the company around the $500 million to $1 Billion in sales mark (if I understood that right).
Hedge gurus that know excel will have a field day customizing exactly what they want to see and how they want to see it. Trading large volumes of multiple items is a simple click.
I need to go pick up the kids so I will have to end it here. I will try and post more later on.
All in all - I wish I had more money right now!
ITGuy
Allie,
Please tell us more about it now vs. waiting till after we demo it. That way we might formulate some addional question to ask.
ITGuy
Now THAT'S the kind of reaction I was hoping for Allie!
ITGuy
I think I got the last spot. 2:15
Looking forward to this!
ITGuy
I do have an observation about the dilution...
I know the share price has dropped a bit (ok a lot) in the last couple months but I guess I need to look at it this way:
Even with all the dilution happening, people are still buying this stock. There obviously has to be some interest out there otherwise the stock would have tanked even more than what it has. So when the time comes when the dilution stop, there will be additional people out there that will want in and then the pps takes off.
This just seems logical to me so I'm hoping for the best. Please correct me if my thinking is off.
ITGuy
I think I will be going to that.
Just an 1.5 hour drive for me. I've been thinking of going up to thier offices anyway for some time now. I will definitely report any impressions.
ITGuy
You the man Wing...
Great appriciate that post. Really helps show what kind of guy Paul is. I would just love to see this go up around .005 to see some solid green though. I know that it will happen - soon - so I'm buying more when possible.
ITGuy
Just a question about QUIN...
I have absolutely no idea about this but could QUIN be the MM that the company uses for dilution? If I remember correctly, QUIN showed up right around the beginning of Feburary. The volume also started increasing during that time.
Just a curiousity to me as I see him here again once good news comes out and he's the lowest on the MM list. Here we are 11 Million into trading today and he's still dumping shares. I really didn't see him on the bid at all lately. But, with all the L2s down lately, I could have missed him.
All IMO.
ITGuy
Does anyone know...
if the T/A should have the updated numbers tomorrow? I think I'm going to call just to try and get my head wrapped around the new numbers. I realize there are still insider common shares out there and just want to verify the float is the same after this.
This is great news and I'm very glad I've added here when I've been able to. In 2-3 years, I will be retiring! IMO
Grats to all that got in!
And Wing... I'm surprised you didn't bite the bullet and pay for another subscription to iHub just to chime in on this great news! :)
ITGuy
West, restricted shares or not?
So the float remains the same here
am I right? This just reduces the O/S. If the float is around 576 million, where is the other 300 million at?
Great news though!
ITGuy
I got my e-mail from Paul too...
Looks like he was having e-mail problems and that was the delay in getting back to me so good news there! He assured me that the dilution we experienced is "almost at an end".
One more thing he said "we should have a very nice surprise for our shareholders with respect to recent dilution this week. Watch for the news"!
Looking forward to what this means!
ITGuy
Thanks Wing for that post...
That does clear a few things up with me. Not that I was too worried but what you said does make me feel a bit better. I must say though, I'm a little disappointed as I haven't heard back yet from an e-mail I sent to Paul last week in regards to the diluting and when that actually happened. And also if it was complete or was there more to come. I had a couple other questions in there too so I was hoping for an answer by the end of the week. I'm sure he's probably very busy but as this was my first e-mail to him I was hoping for a quick feel-good turnaround on it. Oh well, hopefully this week I'll hear back.
I love the statement 'brokers have lined up to get in'. That's exactly what I wanted to hear. Definately holding tight and waiting to see what happens in April!
I will post any info I get back from Paul regarding my questions.
ITGuy
NEW PR!!!
http://www.stockbroadcasting.com/Featured/SPZI/News.asp
Spooz Projects Large Revenues and Earnings
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.”
About Spooz, Inc.
Spooz, Inc., a publicly traded company based in Chicago, provides a suite of solutions designed to simplify financial trading for traders and hedgers alike. Its flagship product, SpoozToolz™ and its modules, add built-in trading capabilities to the popular Microsoft® Excel software application, combining a customizable interface, streaming quotes, charts, technical analysis, a comprehensive historical database, and electronic trade execution into a simple add-in that becomes part of the Excel tool bar.
Safe Harbor – NO ASSURANCES CAN BE GIVEN THAT ANY PROJECTIONS WILL BE REALIZED. This press release includes forward-looking statements that involve risks and uncertainties, including, but not limited to, product delivery, the management of growth, market acceptance of certain products and other risks. These forward-looking statements are made in reliance on the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. For further information about these factors that could affect Spooz, Inc. future results, please contact the Company directly. Prospective investors are cautioned that forward-looking statements are not guarantees of performance. Actual results may differ materially from management expectations.
Spooz, Inc.:
Darryl Dennis, 312-379-3166
www.Spooz.com
www.spooztoolz.com
www.fractalz3.com
or
Press Contact:
StockBroadcasting.com, 919-827-4261
Source: Business Wire (March 20, 2007 - 5:00 PM EDT)
News by QuoteMedia
www.quotemedia.com