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Perhaps some people misunderstand my position so I'll make it clear again. I have lost NO faith in Spooz what-so-ever, and I am looking forward to a very prosperous 12 months, especially when the financials come out next quarter. Applying their full attention to Blooberg is what I would have done in their position. Darryl stated to me me that the Bloomberg siuation is the "deal of the century" and I agree, it is. How they handle this major account will determine the very lifeblood of Spooz, so logically, you would think one should pull out all the stops to appease them in every fashion, and they are. Many companies are WAITING to see if the Spooz/Bloomberg partnerships works, not only in product peformence, but in Spooz service/support.
Once they have a comfortable profit margin, and this consolidation of 141 and Spooz is part of that, they can look to "supplementing" their income with retail. SO back to the waiting game on financials and the judges call on the Bloomberg deal.
Darryl clearly stated in his conversation with me that retail is off the table for the near term. Bloomberg will be their main focus and will continue to be because they will springboard to other companies based on their service and support, not to mention performence of their product.
I spoke at length with Darryl recently, here is my take on the current situation and the results of our discusssion.
I do concur with everything that ITGUY posted just recently plus this: Darryl's tone seem to indicate that they are entering a new phase with Spooz and are cautiously optimistic. To quote Darryl "we spent the last few years getting our product ready to market". He spoke of Blomberg as THE sale they were looking for all these years. He spoke of the delays and "credibility" issues that they have faced recently (past employees). I asked him point blank why other companies aren't lining up to get this great product. Darryl responded that they needed the infrastructure to really branch out and that takes money to do. All in all, also being self-employed I agree and understand that catch-22 (from the outside looking in). There were other reasons as well, companies may not use Excel, loyalty, etc. The underlying tone, and this is purely my opinion, it seemed like there may well be other deals on the table, but he was unable to comment on that. But everything seems to come back to and hinge on Bloomberg, and THAT is their main focus right now (understandably so). I pressed him on that point in particular regarding Bloomberg being a service and support issue, not a sales issue per se anymore, he agreed. It appears that other companies may well see how this "scenario" plays out with Bloomberg before they jump in, waiting to see if Spooz sinks or swims.
So to sum up, I am reasonably (although eager for more concrete results) content that stability is entering the equation here as well as with the more important factor, income. Bloomberg is something they can build on and Darryl made no secret that they are eager to do so. So in my opinion, the next 6-12 months, will be the "decider" for Spooz & Co.
Nah, were being overly sensitive to this overall. A few irked people won't jeopardize something like this. While possibly viewed as irritating to their legal department, the buck will ALWAYS rule supreme on Wall Street as we all know. No doubt Spooz saved Bloomberg a pretty penny vs their old system so the savings trumps basically everything.
I'm suprised it took them this long to do this. I woulnd't want to be the employees harrasssed (heh) by us shareholders prying for independant verification. Still, as always it's good to know that the deal is yet AGAIN verified and that it's just a matter of time, hopefully sometime soon when we are all riding Spooz's coatails to the moon.
and FYI if the CUBS and SOX both make it to the series, ANYTHING will be possible.
Agreed, it would be VERY foolish to announce something like this without having SOMETHING in the hopper. The real question is not when, it's how much.
Okay, for starters I give congratulations to Paul and company for this initial victory, the first one is always the toughest in sales, believe me, I know (being in sales).
Second, I hope this puts to rest once and for all the scam crap, for the naysayers, you lost the war.
For those of us who believed in the product this is just the start of something big, and it gives us tremendous validation of our trust in Spooz. Since they have this one put away, my thoughts now turn to the thousands of brokerages out there. No doubt the price will spike, although I really can't see it going past .02-.03 because of the volume of shares out there. Once the uptick and buy-back occurs and the big boys come to play in the sandbox, then we shall really see what this stock can accomplish.
Onward!!!
What we all need to do (what I am doing is moving on into other ventures and allowing this one to play out). If something happens, great, if not, I'm invested in many other places and so should everyone else (diversification 101). For those waiting on every second of every day, week, or month for something to happen, you need to prioritize your life better. What's occurring here is very peripheral in the big rat-race of life. Also, if Paul and Co are not getting the results they want, then they should move the bar lower. Business plans should be living documents, and adjusted every week or day when you live with goose eggs (if they are).
I feel like I'm watching the scene from Charlie Brown where the teacher speaks to the kids "wa wa, wa, wa". That's all I hear from the negative folks out there. Who stole what, guilty or not, fined or not, green eggs and ham or not, Elvis is alive or not. IMO nothing they say matters, because it always boils down to one theme" I risked my money and it didn't turn out the way I wanted, and I'm looking for somone to blame". Well grow up folks, real investments can turn out this way. Word of advice: maybe be more cautious the next time you invest in a pinkie. If you truly believe this isn't for real, sell your stock for whatever you can get and move forward and go invest in your next venture, best of luck.
As for me, I will wait until Spooz goes bankrupt and closes the doors or hold steady for good news. Only 2 possible outcomes for this company, even if it's dragged out for 10 years.
Quite honestly, I don't know. Not being privy to having full disclosure of all documentation kinda puts blinders on us all beyond what was stated in the filing.
The major problem with going to trial is that the full course of litigation (discovery through the decision) is that can be drawn out for years, and then there's the appeals. For Spooz, binding arbitration or mediation would be my choice, quick, easy and final (favorable or not). Trial judges (no jury) are often VERY business friendly and historically tend to side with business vs. the individual when it comes to contractual matters. Jury's tend to do just the opposite. Milo I believe you stated that you have experience in this field as well, do you agree?
To me it sounds like the employee tried to get too big for his britches with that kind of defense. And with the theft of SWARM this clearly shows the character of Groves. Clearly his thought was to do as much harm as he could to the people that graciously entrusted him to a important position in the first place. I've done my share of firing employees and a personality like this is like a land mine, to be avoided at all costs as it WILL blow up in your face, one way or another.
And guilty or not, fined or not, the technology was the property of Spooz, period. Whether Groves was ill-treated (waaaa) or not, the business world is a ruthless place, taking no prisoners. If by larceny he believed he could "equalize" that inequity (in his mind) then this is an individual far removed from the basis of reality. Pointing to the fact that I worked some years in litigation, I personally believe he will be fined for his actions, unless there are facts unknown to us at this time (which there could be).
I wish the stock would go up a penny every time the word scam is spoken here on the forums, right now it's beyond count. The only empirical evidence that I have ever seen stated by those denying the legitimacy of this company is pure conjecture, personal opinion, and "house of cards" fact building that began with they themselves laying the base which then they built on pointing to "loss of their own money" and delays and such as proof sources, which of course is not proof in any form to arrive at such a ludicrous conclusion. Paul and his team were actually successful down south with a similar but rather limited product. Maybe if some people would just take the time to just do a little bit of investigating rather than waiting to be spoon-fed by PR's you would realize the work that it took them to even get this point, and they haven't really even started the engines yet. Individuals like Imperial, Allie, CapDon and ITGUY have done just that and came to the same conclusion as I did. I asked traders, clients and friends of mine, big and little fish to review the Spooztooz, independent to everyone here and all of them agreed it is a good tool. As to why again we haven't seen your "disruptive" scenario, give it time. If, if, if, if, and if this catches on over time we should see just that.
All we ever hear from the naysayers is complain beyond measure on how unfair the the stock market and business world is, not to mention this particular stock. Which is, another way of stating not being accountable for one's own actions. You take the risk, you deal with the consequences of YOUR decision as any adult. This isn't a playstation where you can just hit the reset button when things don't go your way, or when the quick profits don't materialize as see often in the world of fiction. I'm down just like everyone else due to the price, maybe not nearly as bad as some, but still in the red. As stated before, I sell securities and the first thing you do as a client is fill out a risk tolerance tool to measure your comfort level. What I find most ironic is how ANYONE could be surprised at the volatile nature of any pink sheet stock. One purchases this kind of stock with the preconceived notion that historically these types of stocks are among the most unreliable and volatile that exist in the market today.
And, whether Groves is imprisoned or fined or given a free pass is both irreverent and peripheral to the future of Spooz, beyond personal satisfaction. And remember kiddies, just because Groves may not be found guilty doesn't mean he's not. And the reverse may be true as well.
The success of this company will be, and hopefully will continue to be about the dedication and diligence of the employees involved and the sale potential of the product which we know as fact, beyond any doubt, exists. The enthusiasm of brokerages to purchase this product is as I've said before is still somewhat of a puzzlement. BUT, as always when you operate in the dark, we only see what directly in front of us, not what's down the road a bit. Maybe deals have been made, maybe not. I will always respect the stoic philosophical perspective of judging BY the event, not before it.
I have to agree with Rockmek that nothing has been proven on either side regarding the lawsuit. All we have here on the forums is opinions formulated from highly speculative perspectives from what we all read about in the filings. Now THAT does not mean Groves is not guilty of theft, it just means that for us on the outside looking in, we have incomplete information at best regarding the situation. Having worked in litigation, there are always 3+ sides to every suit and it is never very clear until the end, if at all.
What we DO know is that Groves highly exaggerated (I'll even go as far to say falsified his employment history, IMO) and we know that the results that he posted in regards to SWARM were in the best of views, fradulent. (pause) Now, with just those 2 things I've mentioned, that does say something to the makeup of Grove's character and work ethics. And these are the only situations that we all have been made aware of.
Now what DO know of Paul and the rest of Spooz is that it appears they have made numerous mistakes regarding hiring, delays in launches, dilution after dilution of the stock, and SWARM nor cracking up to what was hyped to be (again just the results, not whether SWARM was deliberately manipulated for good or bad). One may even throw in mis-management in as well. None of these issues constitute in any way, a scam, bad decision making in my opinion, most definately yes.
The only issue I have with those of Spooz is they should have made the actual results of SWARM available when they realized the deception (if it was). Again, they are under no obligation to divulge that infomation, especially if it was intentionally falsified, and none of us really know one way or the other, do we?
Using the PR's and forward-looking statments and the several dilutions as a proof source to formulate an opinion of a scam is very weak arguement indeed. Forward-looking statements are just this, in the best of light, we HOPE the company is will go in THIS or THAT direction, period. Dilutions occur when a company needs liquidity.
I agree with Cap'Don that we need chill a little and wait for to see if revenues reallyhave begun.
We live in a world where the "pet rock" made millions. The pet rock was a happy meal made up of a 2-4 oz rock. If THAT can make it, I'm sure the POSSIBILITY exists that Spooz can make it just fine :)
P.S. Jerry Garcia lives................
I find it very humourous that it is the opinion of some people that they equate losing money on a pinksheet, small-cap stock to a scam. A pinksheet, by defintiton, is a very volatile investment.
If you want something nice and safe, stick to CD's or a non-variable annuity. If Spooz was rockin the charts, who wants to bet that not a single naysayer would be using the scam line.
That hypothetical perspective is only put forth because it affects them finacially and they are looking for someone to blame instead of being personally accountable for their own action by investing in pinky in the first place (as in none forced you to invest in this company). Delays, missed dates, lackluster sales, and yes, even if this company is not what it seems to be is all part of capitalism, deal with it. Take responsibility for your own actions as I have. If this company utterly fails (I don't believe that), then like the french say "cele' vi". Oh and btw the French certainly were spanked last night in the 400m water relay. Go team USA.
I should have said MY potential profit is huge, due to me buying at rock bottom :P
Scam (noun) A confidence game or other fraudulent scheme, esp. for making a quick profit; swindle.
Nothing quick about Spooz, since the typical con is the quick profit and vanish routine. Funny, I don't see Paul, Darryl, or any or the others running for the hills (AND, you would think that after 3-4 years the gig would be up, eh?). Not to mention the litigation from this filing can take years (I have experience in this field first-hand).
In fact, Spooz has all the traits of a global company in the making, even if they have missed deadline after deadline. So, every company that misses deadlines is a scam? And, if you truly believe it is one why are all you naysayers still here? You can at least recoup some of your investment, and recouping anything on a scam is a victory :P. I'll be more than happy to add the few additional shares to my pot.
I will say it again, until the doors close, I'll keep buying, because the potential for profit is huge, even if at it's best Spooz performance is mediocre.
My plan is irrelevent(just fyi Darryl informed me that they thought of exactly the same thing as I did, but chose a more specific plan of action). What IS relevant is that I have a self-intrest in seeing this company work and I will do everything I can to help them out, if they want the assistence. Maybe you should do the same.
Once again I feel like a broken record stating this, it doesn't matter what any of us "believe". Either Spooz will perservere or not, and until those doors shut permanently, anything is possible with this stock. My specialty is sales and marketing, and if anyone thinks they can market these products better than whatever they are doing, quit complaining and volunteer your time to help their marketing plan.
If the folks at Spooz are willing, then you will get a FIRST-HAND experience regarding their products and to those they wish to sell to. At a minimum, it will quell any further discussion regarding whether there actually is a product or not.
Just FYI, I have already offered a specific marking stategy to the leadership at Spooz.
So....who is willing to step up?
I am just curious what all the naysayer's expectations regarding Spooz were. Being a sucessful self-employed businessman myself, it took me several years at the minimum to really get my business off the ground and running. And, I didn't have close to the difficulties that they are having here(such as someone stealing my client base or product).
On the impartial side of things the average failings of new businesses is roughly 7 out of 10 year 1...and 8 of 10 year 2. So the mere fact they are still here..renting space (wherever that may be), trying to make sales (or deals) is suficient for myself at this point. I expected to hold this stock for 5-8 years before seeing anything happen at all, if it does...great, if they go bankrupt eventually, well that's the pinks for ya. My advice to all my client's (I sell securities products) if you can't afford to play in the sandbox, don't.
And we all have to remember just being a shareholder does not make any of us privy or entitled to anything regarding the company(beyond the annual shareholder meeting). Paul can clam up and he is perfectly justified in doing so. The fact that he and, others in Spooz have an open door policy, such as the fellow who just stopped in the office the other day and they took the time to discuss, tells me that they want to be as forthcoming as possible. Paul has met with people that I have known and trusted my entire life, so I know personally that this is true.
Finally, the latest info seems to point that they are moving on from all the problems they have been plagued with, which is exactly what we all need to do.
Agreed ITGUY As I have said from the very begining, it doesn't matter what we discuss or speculate about, it's all about the sales, sales, sales. Kinda disappointing about SWARM, but those results may or may not be the true potential of the system anyway as one can probably manipulate the variables to some degree(and it sounds like this Groves character is quite the blowhard). I agree with the consensus, why steal the software of a failed system unless it has at least SOME potential?
No doubt though, Paul or whoever hired those two made a serious error in judgement and did not do a complete background check until it was far too late. Not to mention checking the results of SWARM, because most of us did the double-take grinning with glee after viewing the PR. If my business name and reputation were going to be plastered on the results worldwide, I would have verified the statistics myself even if Einstein himself said they checked out.
But, the successful businessman lives and learns from their own mistakes. Being a fairly large sharholder, even after everything that's occurred, I still feel confident in the future of Spooz.
On a personal note, let's hope the information for the upcoming PR on revenues is clear and concise and verifiable so we can finally put an end to all the X-file scam conspiracies here on the forums.
Amen Imperial Whazoo, 1000% concur.
P.S. I have heard reports of Elvis spotted speaking to Paul. This is unconfirmed of course.
Paul, in my opinion is being as forthcoming as he is able. Most of us feel that we are "entitled" to more information. Paul, on the other hand, is not obliged to share any infomation at all if he chooses. Working with, and being a shareholder of a Fortune 500 company for over a decade I can say that Paul does not appear to be giving out the typical drivel that corporate America loves to spoon out. Yes he is purposefully being vague on some issues, but again, who cares? If the product works, it doesn't matter what information he releases or withholds. All that will Matter is that if people and companies BUY the product. The rest will take care of itself. Leave the micromanaging to management.
Live Long and Prosper
Great post Song. Sounds like we are progressing as we should, although I would like to see hard sales numbers (subscriptions) to back that opinion up. I have been doing my own independent, rather intensive study of Spooz and Capital from many outside sources (non-affiliated). When I obtain all relevant data, I will share it.
In the meantime, does anyone know how any company makes the transition from a penny (pink) stock?
Morning All,
Once again we are debating "who is right" in regards to their own opinion, endless speculation of what should be, or why aren't things this or that. Remember folks, our opinions for the most part don't mean jack when it comes down an institution or business purchasing the Spooz software or buying into the SWARM theory.
The only thing, and I mean the ONLY thing businesses care about is whether a product makes them MONEY, or at the minimum makes systems more efficient so their bottom line improves (MONEY). If there is a product that can turn $1 into $3 over a reasonable period of time..sensible logic seems to dictate that businesses will line up to get in on that action. Denial of it being "too good to be true" will only last until they have a proven, reliable track record.
So the only question that all of us should be asking is: Does the product work? The answer so far has been yes.
And to address the expo question on whether or not some people will write checks for 1 million or 10. As I stated before, IMO most of the major players will take a conservative stance. But some will jump right in, remember this is America where tons of people bought the pet rock when it came out.
Live Long and Prosper....
I'm going to take the ususual step of making another post as I try to limit myself :). I do not like to get involved in difference of opinions on whether the sky is dark blue, light blue, or colonial gold. I agree with Wing that PR's are useful to a degree as to the direction and possibly progression of a company. But, the reality is, the only thing that matters for upcoming businesses is incoming dollars, period. Having a product that works (revolutionary or not) is only the first step of many to becoming a successful business. And yes I do agree the expo will not "rock the planet" but rather it will raise the awareness of the benefits of dealing with Spooz on the whole. And again, once Spooz(SWARM) has a proven track record that is when the real fun begins. That is where "interest" turns into "agreements" and theory into reality.
I agree with Wing that we should wait until the expo, and the resulting fallout (positive or negative, although I can't see how it can't be anything but positive but I am a pragmatic individual) from it. It is my belief that most of the major players will be conservative at first (with good reason) until Spooz (SWARM) has a rock-solid proven, reliable, undisputed track record. Although I am sure there will probably be some to dive head first and some in-between. After consistancy and reliability has been firmly established beyond most doubt, it will be at that time the flood gates will open. As I stated before, when you have a winner, whethere big-time or small, the stand-by crowd hops aboard for the ride.
It is extremely unfortunate that the country we live in has become the only industrial nation in history to spend more than we make each year, and that American culture, especially for generation X'ers (like myself) down have become the "immediate" gratification culture. It is this frame of mind that causes people to buy the new X-Box for $20K off E-bay (actual story) when all they have to do is wait a few weeks until more are made. This mode of thought also causes people to panic or at the minimum question every day why, why, why isn't the stock price at $3/share. A Stoic would say "judge by the event, not before it".
Spooz, IMO if fully implemented, will become a behemoth over time. If SWARM even lives up to a fraction of its potential I cannot imagine any company in the world that would not throw money at them to make a 5-30% return (including my company that I own). Not to mention the benefit of the Spooz tool itself (to which I am 80% in the land of Oz when someone tries to explain it to me). Once the greater business world is exposed to what this company can accomplish, only THEN will we see the true rocketing skyward price change (and it could take years), as everyone wants to be part of a winner.
Live long and prosper.
Question: The expo that will transpire in 10 days. Will it take place in a convention hall type setting (such as McCormick Place), or will they be visiting the various institutions at their own focal centers?
And, after the presentation(s) will a free trial (5-day?) be offered to entice those prospects (not a bad idea)? I can shoot an e-mail to the company if needed.
Greetings all. This is my 1st post on this board and I have been a "silent" shareholder for quite some time. I am usually not long-winded as I prefer brevity above all. All of us have to rememeber that Rome wasent conquered in a single day, week or month. It took a company like Google over a decade to make it big. Other examples Microsoft,Apple,AOL, etc. All these companies share the same story..great idea..great product..great timing..great marketing...and most importantly, a market willing and able to buy. These companies like Spooz will have to do, had to prove themselves in the market place.
Most of us acknowledge that Spooz has real potential, and it does, we just need to let things play out. Being self-employed myself for 10 years, I can certain identify and understand that in business world "lateral" movements are sometimes a necessity before proceeding forward (if they are even that). Furthermore interpreting what some of us perceive as "neutral" news as disapointing..I refer you to Paul Harvey "The rest of the Story" is sure to come in the coming weeks.
This development with 141 Capital is IMHO a support pillar for the "superstructure" that will eventually go up. There are various levels of speculation as to "why" such a juxtaposition of events are transpiring. Again, IMHO I'm sure we all will be enlightented in time.
"If we begin with certainties, we shall end in doubts, but if we begin with doubts, and we are patient in them, we shall end in certainties" : Sir Fancis Bacon