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If someone wanted to get large chunks of shares for not very much money, that would be a good time to pick them up, IMO.
I wouldn't say the volume has been that meager lately. During the latest descent (ha!) I think there were many millions trading daily. We have no idea who has been accumulating during this time.
I believe SpoozToolz is not so much designed for the average retail investor who buys and sells stocks or mutual funds now and again. I think it is more for the high volume traders.
I am pretty sure this product was discussed a few months back on the board. Anyone who has full membership on ihub could search the board and see what was said. I think boca_bobby may have been one of those who looked into it and discovered it is quite a bit different to SpoozToolz.
Just going of my memory here - so I could be wrong.
I understand your caution, Adam. However in this case, 141 being in negotiations with Spooz Inc. doesn't worry me too much since the two entities are so closely connected. I guess I mean to say that Spooz isn't going to walk away from the table with 141 since they are on the same page.
We can hope we'll hear something tomorrow, but I don't think we should get our hopes up too terribly high. Rumors are not always accurate.
I think it means that 141 will be a SpoozToolz distributor. The license they work out will probably give them a cut of SpoozToolz subscription fee.
I'm thinking that those who subscribe to the 141 trading recommendations will have to have SpoozToolz resident on their computer to receive the trading templates that recommendations will be sent in. I believe that customers will execute the trades if they wish in the ST template.
Perhaps the SpoozToolz software will come as part of the subscription fee mentioned in the PR.
True, ST is not yet released to the public, but do you think that they would put out this PR if SpoozToolz was not working and ready to go?
Also note that the trading recommendations will be delivered using SpoozToolz. This indicates the beginnings of a retail launch - according to this PR within 45 days. I am pretty sure for this to work, customers will have to have ST resident on their computers.
Hi, gcap. After you have logged in to audiostocks, choose 141 Capital on the main page. Then click on the arrow at the bottom of the "Interviews" section.
Best,
Songbird
I haven't listened to it lately, but I thought I heard Errol said that float was "approximately" 99M. Someone might want to verify.
Thanks, Allie. Great work from our fearless moderator!
Did you discuss 141's trading status and the track record. I think that will be key to 141's success.
Thanks, Critter.
I was thinking maybe they wouldn't say anything until the uplist was completed -- but of course, I could be wrong.
There are a number of people on this board who have participated in a demo of SpoozToolz 2.0
They have done the audit, which I understand is the most expensive part of uplisting.
mtncabin, I think you are right - this is a completely new model - and probably only possible because of the products that Spooz has developed.
141 also provides a showcase for Spooz's technology, and if successful it could possibly lead to other companies purchasing Spooz products and trying to do the same thing as 141, or even beat them.
I think a lot depends on the track record that 141 will establish.
Good evening folks, I have been doing some research in the disclosure, trying to get a better idea of 141's business plan. Thought I'd share my findings here for anyone who might be interested
"141 Capital is developing algorithmic trading systems to trade financial products for its customers. Trades will be made 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(p. 28)"
So, 141 is not a "stock tip" distributor - only derivatives are mentioned here, and these are more complex to trade, and, I believe, tend to be very time-sensitive
"Initially, 141 will develop its track record trading its own funds ... Based on the track record, the company will solicit investors who wish to open trading accounts" (p. 28)
"141 is in the business of trading its own capital, trading customer customer capital under a limited power of attorney and providing trading recommendations to its customers by providing them templates from which they may trade directly from their accounts. To minimize 141 Capital's risk, salespeople working for 141 will not be allowed to trade customer accounts; customers will trade their own accounts". (Disclosure, p. 7)
Three different activities are mentioned here: 1) Trading their own capital 2)Trading customer capital 3) Sending recommendations to customers who trade their own capital.
In regards to 3),I am guessing that they are talking about sending recommendations using SpoozToolz templates here. And I believe that this ties in with Spooz's AlgoServer which is described below:
"Deployment of algorithmic systems empowers the customer as never before. Now they can easily modify, tune and maintain algorithms and complex strategies as provided to them by their Broker in the form of spreadsheet templates...
Customers can easily migrate and adapt templates toward other markets and asset classes. The security of open source templates supports community together with integrity and security of modified, and proprietary algorithms. Brokers can also deploy strategies to customers without revealing the algorithms that drive them." (http://www.spooz.net/brokerage_solutions.htm)
"141 Capital will rely upon the technology of multiple trading platforms, including 'SWARM' a system licensed from Spooz, Inc. By utilizing multiple trading systems, the company believes trading performance is not dependent on any specific market direction, but rather on the precise micro-second calculations of the automated systems to identify opportunities as they arise in all market conditions" (p. 28)
So it appears to me that the plan for sending recommendations to customers runs something like this:
141's systems monitor the derivatives markets constantly.
When a favorable trading opportunity arises, trading templates with trading recommendations are sent to customers via Internet or cell phone probably using Spooz's algoserver technology.
Customers have the choice whether to execute the trades recommended in the trading template.
I am guessing that SpoozToolz would need to reside on the customers' machine in order for the templates to work.
"The company will sell its services directly to its customers and will advertise via media and solicit for customers via telephone and opt-in email. (Disclosure, p. 7)
"Unlike other CTA's, 141 will be utilizing media presentations (television, radio and the internet) to attract customers. In doing so, 141 will meet the NFA's advertising regulations" (p.8)
I'm guessing that we won't see the advertising until a track record is established by the company's trading with its own capital. The track record (if it is impressive) will be the main selling point
It's been interesting to see SPZI's volume diminishing over the last few days - less than 1/2 a million so far today.
Thanks for adding the details, Allie :)
Good points, Bidito. And may I add any buzz that is generated will also bring attention to Spooz and its products (Since 141's trading systems are built on Spooz technology).
Hi, Birdito. It is the first I have heard of it.
And the way Erroll talked about it, it sounds like the electonic messages would be sent to subscribes from directly within the software systems to subscribers via phone or over the internet.
He didn't give much detail, but it sounds like they are expecting this to be the biggest driver of growth for the company
YW, MC. Glad to get factual information out there.
Hi endub,I have attempted to put together a rough transcript of the interview. Please note this is not word-for-word, and there may be some errors, but I think it captures most of what was said.
I had no problem signing up for audiostocks and was able to listen to the interview just fine. Please go there for the definitive source!
"141 Capital is a trading company in the derivatives markets. We are going to be trading using algorithmic systems. The trades are mostly done by software that goes into the markets and predicts how the markets are going to move. We will be trading our own capital as well as customers' capital. We are a CTA (commodites trading advisor with the NFA) which allows us trade customers' accounts by power of attorney. The other area that we are going to concetrate on is providing trading recommendations electronically to customers with new techologies that will allow us to provide trading recommendations to customers.
(Talks about Company history and share structure here - it's in the disclosure)
Management strategy is to provide revenues to 141 as soon as possible. The areas that we are going to go into are providing trading recommendations to customers. We'll be doing that both over the Internet and by cell phone. We have discovered some technology that will allow us to issue trading recommendations fairly rapidly. We will be seeking customers by using advertising and also some web marketing. We are also going to be trading systems both proprietarily and for our customers.
We derive income as a CTA by charging a percentage of the value of the account as well as a percentage of the profits generated in that account. We will also be looking into the possibility of providing for our customers the opportunity for trading what are called binary options. This is a rather new area and we're moving slowly but we are looking into it."
(Talks about Key executives, Errol and Paul. This info can be found in the Disclosure)
Full time employees are
Karen McFadden Director of Operations - Former Floor
Jackie Bird - Consultant. Also teaches at Northwestern University
Pam Maroney - Adminstrative Assistant
"I see most opportunites for growth in providing trading recommendations to customers on a subscription basis. Internally, I believe that trading our own capital using SWARM and some other systems can provide substantial returns for the company.
Currently we're financing our company using funds under regulation 504 D. We've recieved a commitment from a funding source to continue that kind of financing. After that we are hoping to recieve trading capital. (Talks about audited financials in the Disclosure statement) We hope to file S1 registration statement which will enable us to move from the Pink Sheets to the OTCBB. Also with that S1 we will be able to raise additional capital that will be used primarily for trading our own account."
have attempted to put together a rough transcript of the interview. Please note this is not word-for-word, and there may be some errors, but I think it captures most of what was said.
I had no problem signing up for audiostocks and was able to listen to the interview just fine. Please go there for the definitive source!
"141 Capital is a trading company in the derivatives markets. We are going to be trading using algorithmic systems. The trades are mostly done by software that goes into the markets and predicts how the markets are going to move. We will be trading our own capital as well as customers' capital. We are a CTA (commodites trading advisor with the NFA) which allows us trade customers' accounts by power of attorney. The other area that we are going to concetrate on is providing trading recommendations electronically to customers with new techologies that will allow us to provide trading recommendations to customers.
(Talks about company history and share structure here - it's in the disclosure)
Management strategy is to provide revenues to 141 as soon as possible. The areas that we are going to go into are providing trading recommendations to customers. We'll be doing that both over the Internet and by cell phone. We have discovered some technology that will allow us to issue trading recommendations fairly rapidly. We will be seeking customers by using advertising and also some web marketing. We are also going to be trading systems both proprietarily and for our customers.
We derive income as a CTA by charging a percentage of the value of the account as well as a percentage of the profits generated in that account. We will also be looking into the possibility of providing for our customers the opportunity for trading what are called binary options. This is a rather new area and we're moving slowly but we are looking into it."
(Talks about Key executives, Errol and Paul. This info can be found in the Disclosure)
Full time employees are
Karen McFadden Director of Operations - Former Floor trader
Jackie Bird - Consultant. Also teaches at Northwestern University
Pam Maroney - Adminstrative Assistant
"I see most opportunites for growth in providing trading recommendations to customers on a subscription basis. Internally, I believe that trading our own capital using SWARM and some other systems can provide substantial returns for the company.
Currently we're financing our company using funds under regulation 504 D. We've recieved a commitment from a funding source to continue that kind of financing. After that we are hoping to recieve trading capital. (Talks about audited financials in the Disclosure statement) We hope to file S1 registration statement which will enable us to move from the Pink Sheets to the OTCBB. Also with that S1 we will be able to raise additional capital that will be used primarily for trading our own account."
I have just listened to the interview with Erroll Stone, and it was quite informative. Much of what he said I had heard before but there was some information that was new to me.
One question that was asked was about future revenues,and Erroll said that one stream they were expecting would be very beneficial was sending trading recommendations via the Internet and cell phone to subcribers. He described their software systems as being "predictive". This revenue stream would be in addition to trading their own capital.
He also named three employees who I had not heard of before, one of whom was described as a consultant who also taught at an Illinois university. Sorry, I don't have all the details at hand.
Anyway, it was an interesting interview, and well worth a listen.
Audio link working now. I've just started listening.
I just spoke with Ron (I believe that was his name)at audiostocks and he explained that they were having some technical issues with the audio file. They are working on getting that fixed and he said it should be working soon (this afternoon)
I just spoke with Ron (I believe that was his name)at audiostocks and he explained that they were having some technical issues with the audio file. They are working on getting that fixed and he said it should be working soon (htis afternoon)
Right, there is a link there for the interview, but it's not active yet.
I was able to register with no problem, but still can't get to the interview. I send them an email asking for help.
Has anyone been able to access the interview yet? I went to the Audiostocks web site and registered, but can't find a link for the interview.
TIA!
If I'm not mistaken, I think there is mention of the advertising campaign in the Disclosure document. I don't have it hand at the moment, but I'm pretty sure it is in there somewhere.
Yes, Birdito.
The SWARM system is built on the SpoozToolz platform, and I assume that other systems that 141 develops will be the same.
Notice in the disclosure that there is talk of 141 in the future allowing customers trading their own accounts using templates provided for them by 141 - these too I would imagine will be SpoozToolz based.
141's audit has been completed by Kramer, Weismann and Associates. So I guess they are in the same state as Spooz, going through the uplisting process.
Share Structure on Page 10
As of 2-29-08
Authorized Preferred Stock 10,000,000
Outstanding Preferred Stock 1,000,000
Authorized Common Stock 2,000,000,000
Outstanding Common Stock* 210,081,973
Outstanding Stock Options 350,000
Freely Tradeable Common (float) 99,168,973
Total Number of Shareholders of Record 143
*120,000,000 restricted shares of common stock are held by Spooz, Inc.
http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=14628
Thanks, Critter! 77 pages in all.
From today's PR:
"In addition, the company is in the process of instituting policies and installing infrastructure to insure and maintain Sarbanes Oxley compliance"
I realize that SarbOx compliance is a burden to small companies like Spooz, and one reason companies stay on the Pinks is to avoid having to comply. This move shows, IMO, that Spooz intends to do what is necessary to be a legitimate player in its industry.
Hi, Jack, nice to see you here. I found the same with TDAmeritrade. I called and they submitted the order at the online rate.
I agree, MC. While we all would like to know more about what is going on at Spooz, there may be a reason for the order in which they are doing things.
But good news on the 141 front should reflect well on Spooz.