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You will...about 50,000,000 new shares...LOL
The letter is irrelevant. And the fact that it is not posted the boards tells you that. And besides, people have posted the things that management has said before and been burned by it.
If you knew every question and answer in the letter, knowing where the answers came from, would it mean anything to you?
jc
Unfortunately there is no reason to believe they won't continue to dilute. It is all they have ever done.
With SPOOZ, I was always weary of the fact that there was a high probability institutions would not touch them because of the likelihood of a law suit from TT. Paul at some time claimed that everything was ok, but I never quite believed it. It is evident now that it wasn't. It's a similar scenario to the old Napster. The program installed on your computer did not infringe on artist's copy rights. Using the program did.
It seems like these guys (Spooz, 141, WRDC...it's the same people) love to toss recognized names around, but nothing ever comes of it.
What ever happened to the trading program being tracked monthly on Barclay Capital? Is that piss in the wind now too?
True enough...IF...the O/S stays the same. If they issue more into the PR ( which I would be astounded if they don't) The price will go down like it has after every other PR.
Buyer beware....
Do you remember the very first days SPOOZ ? It is deja-vous all over again. They published the A/S, O/S , made some comforting blurbs about "preferred this", and "preferred that". Then the PR's came out and a buying frenzy ensued. When the smoke cleared the O/S was DOUBLE what the website stated it to be prior to the big hoop-la, while the share price fell apart... I remember it well. It's called a pump-a-dump. It would behoove to keep in mind...these are the same people.
jc
Low O/S...???? LOL
Over a billion served and almost 4 billion in the kitty.
LOL
These guys are in supposed to be in equities as a profession. Is it any wonder no one out there takes them seriously? Keystone Cops %100.
This is the first ever post for SPZI on the Raging BUll. Seems prophetic:
Spooz Inc (OT:SPZI)
Overview | Charts | News | Profile | Financials | Holdings | Insider | Analysts | SEC Filings | Options
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[pmcw] By: pmcw
22 Aug 2005, 06:28 PM EDT
Rating: post rating 0 Rate this post: Msg. 1 of 13199
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Warning to potential SPZI investors!
There are few things I hate more than scam artists who send dubious spam hype to entice investors to look at companies that are probably worthless. I received a spam hype-o-gram on SPZI today. Since this company hasn't filed an audited report with the SEC, I'll assume it is worthless. More often than not, the scams are to initiate a pump and dump. That means the scam artist pumps up the stock to entice buyers and then dumps their shares. If you receive any of these promotions, please forward your copy to enforcement@sec.gov.
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SPZI,ONCP, Wind River....all the same people.I write the word "Excel" on a piece of paper and put it in my right pocket. I sell shares in everything in my right pocket. Then move it to my left pocket and place an IOU in my right pocket for a percentage of what's now in my left pocket. Now move everything to my private back pocket. Put an IOU in my left pocket for 1/3 of the IOU in my right pocket. Oh, and BTW, the product my private back pocket hopes to sell is not based on the platform the empty promise in my right pocket was based upon. You do the math...
jc
It would be cheesy not to.
LOL...I doubt anyone would argue that Madoff was a smart dude too.
jc
I went through the same thing with HRYF.It went to class action and resulted in a settlement. When I say SPZI, ONCP and WRDC have nothing, I mean nothing to offer ...no product. They have sold a lot of stock and generated a lot of moola. To find it, you need a lawyer.
jc
If a case is merited, it would likely be a class action and would be taken on a contingency basis. The law firm would be paid with a percentage of anything recovered.I think you will see the .0001 sooner than later. When I see ONCP ,I see Spooz. It's the same people. Spooz had nothing, ONCP has nothing and WRDC has nothing. If these people were capable of creating something people would pay money for, they would have succeeded years ago.( Something other than stock in their lemonade stand, that is). They have been good at generating excitement about what they are always proposing to do, but have never done anything. Spooz is breaking into smaller and smaller pieces. Soon it will be a bad memory. All they have ever done is buy time. The carrot on a stick has always been there. The donkey pulling the cart keeps plodding along and the carrot is always in the future...just out of reach. When the carrot rots and falls of, they tie on a new one. Same old same old.
Bird, it has always been full circle. Strickland,Strickland Jr., Stone,and Rains are inside the circle and you and everyone else are on the outside. When it says WRDC is 35% owned by 141, it means 141 shareholders have been reduced to 1/3 of whatever these shysters may bumble into producing. They own 100%...they ARE Wind River. Since WRDC is the same people, why on earth did they create a separate entity to do whatever it is they are up to this time? This whole thing stinks to high heaven. You shareholders need a lawyer, IMO. And they aught to change the name of this new shell to "Breaking Wind River".
jc
I'll share my thoughts. I have followed this and Spooz from day one. Get as far away from this crap as you can.
That's all I have to say.
JC
Yes, and they will do the research to see if there is anything to go after. My point is that legal help will find things that letters to the guys shafting you will not. If they can see a case, they will let you know. It's your only shot at getting anywhere with this crowd. What has playing nice with these people gotten anyone here? A letter from disgruntled shareholders doesn't mean a rat's azz to these people...LOL
http://www.rosenlegal.com/
Simply call and give them a brief rundown. They will kick the tires and see if it's worth a contingency class action. A lot of money poured into the coffers here...it had to go somewhere. You guys do need professional help. Sending crooks a letter ( if that is the case) just means you will get a soft soaped answer.
GET HELP.
You all don't need a letter, you need a lawyer.
It was all BS anyhow...
LOL...you are a prophet...
Spooz has never been anything but a mistake.
It's hard to prove a scam, what with the safe harbor at the end of each PR all but telling you what to expect. I will say this, if a scam all along, then a lot of money was ferreted away somewhere. A good securities law firm like Rosen will be the only real chance to see if there is any money tucked away and if it can be determined in court that this is a scam. They will review the situation and , based on merit, take a class action case on a contingency basis. Many would be quick to say it's a waste of time, or that things would be hard to uncover. But Rosen has a good track record. There have been a lot of Spooz releases bandying names like TDAmeritrade, TT, TradeBook and so forth. These are the kinds of statements that are likely to be false and misleading if it was all BS.I would at least email Rosen and ask if they would kick the tires. I would bet that all the cases they have settled began with shareholders who were convinced there was no hope. When in doubt, ask someone who knows:
http://www.rosenlegal.com/
If volume is on the rise and price is stagnant or drops it generally means dilution.
IMHO, the idea of "bringing up the share price" is a possible slippery slope. How slippery depends on what is being done to bring up the share price. There are two ways to do it. First is smoke and mirrors using nothing but the share structure. Second is to actually accomplish something that will make someone who does not own any stock in this company want to buy some. They have posted good trading results for three months now. I don't know what to think if someone doesn't step up to the plate and give them some real money to trade with soon.
All MHO,
jc
Perhaps they made the same initial mistake that I did...investigating the PLUS and upgraded DAF systems, but not investigating management. The technology works every bit as advertised, but sad to say, management did not. I guess the lesson is that the finest cutting edge Lear Jet is only as safe as the pilot is competent...
jc
I have no idea what is going on...but it is noteworthy that they say they are designing their trading systems with ST now (present tense).
Follow the link, click on 141 capital. Reference made to SpoozTools.
http://www.autumngold.com/Statistics/RankingReport.php
Wow...you look....aerodynamic!!!!
I'm in the middle...that's Sarah in front...
Will do...
jc
Back at $0.03 I said if I were a betting man, I'd take a short position, as this would likely be under a penny soon. I would say at this point, had I taken a short position, I would look to cover now. 6X my money would be great and I would not want to risk the downside of this getting some real traction. I have no position here, long or short, I'm just putting in my 2 cents worth.
jc
Did anyone surf around on the Autumn Gold display and follow the link to this apparently recent description of 141's plan? Of particular note to you shareholders...the statement that trading time to market will be significantly reduced because...(Capital will be developing these systems using “SpoozToolz”) So , I would say any questions about whether 141 is using SpoozToolz is more or less addressed here:
Basic Services
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Advanced Services
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Leaf Services
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Funds
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Managers
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Profile for 141 Capital, Inc.
Program 141 Capital Season Trading Pool 1
Principals Paul D Strickland, Jr. & Errol Stone
Trading Strategy
Disclosure Doc Request Disclosure Document
Trading Description
141 Capital will trade customer funds utilizing multiple trading systems addressing multiple asset classes and multiple trading styles.
141 Capital currently has or has in development three (3) trading systems. 141 Capital plans to continuously develop trading systems to meet the current market conditions. Because 141 Capital will be developing these systems using “SpoozToolz”, the time to market will be reduced significantly as compared to how trading systems have been traditionally developed. Therefore, as 141 Capital sees the markets changing, it will be able to develop trading systems to meet those changes very quickly.
In addition, before 141 Capital uses any trading system to trade customer funds, it intends to test those systems using one-lots to insure that they are functioning properly.
MC...I sprang for the $20 for a report on a pink some years back. It had no specifics that you could not find on your own, and they weren't many. It was a rip off.
The one month trading performance is available on the website and on Barclay...it's not new.
Current share structure, I have no answer for that...I don't know why they didn't state it. You are left to adventure your own surmising about their motives regarding that issue.
I am not a defender of the company here, but simply will point out that share structure is not the big issue, it's revenues. IF they in fact achieve break even and then move up from there, your shares will have some value. If they don't , whether there are a million shares or a gazillion billion...they will all likewise be worthless. Zero divided up any number of times is zero.
It seems that they have said about all they could. They report good results from trading and anticipate break even next quarter. Whether realistic or not, I can't say. But it's better that they confine a PR to "what there is" to report, than to make stuff up.
At least all IMHO,
jc
Thanks for the informative PM. I can't reply, as I have a freebie account, but I enjoyed your message.
jc
To be profitable I would guess they need to attract the attention of some deep pockets and then maintain successful trading month after month. It's good to see that they posted results on the 141 site, as they said they would.
Well said.
There will be no profits for shareholders if the company doesn't make money. If all 141 does is sell paper, the ones who had to buy shares are out to dry, because they can't compete with those who simply print and sell them. ( if all this turns out to be is a paper sale, that is)
Naw, I don't have any stock nor any reason to "freak out". Yep, that was me posting all right. And it still doesn't look that great to me, although I have also posted to the effect that the Barclay returns looked good for a change, although all this hubbub about shares and share structure is kind of pointless without them showing an income. Zero , no matter how many times you slice it up, is still zero.