SPOOZ Inc (SPZI)

[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