SPOOZ Inc (SPZI)

[Gbathat]

interesting conversation


I had an interesting conversation this weekend with someone who has been trading professionally for about 12 yrs in Chicago. I had mentioned Spooztoolz to him about 3 months ago, and he has asked around his circle of friends to see if anyone knew about it. He said no one that he talked to had any info on it. He also said that if they did, and they thought they could make money with it, they probably wouldn't tell him! That gave me a sense of the competitive nature of things in that arena.

He was however very impressed about the 500,000 successful, error-free trades and said that in itself is a huge selling point. His company/group is currently working with a new system (beta testing, first month is free), and he said that one of the higher ups in his company spends most of the day on the phone with this software company working out problems. I guess they're having issues with the server getting backed up and thus trades not being executed at the opportune time, opening them up to substantial risk.

Anyhow, after the conversation, I was even more excited about Paul's recent email and the future for Spooz.

Peace,
gbathat