Thursday, June 26, 2008 7:36:33 PM
- No updates on the patent, my guess is that there has been no progress
- I believe Spooz did get the 120 million shares, but I need to go back and look again at the details so hold on for this one.
- SPZI will make gains if XXIS ever starts trading. Right now they are still looking for certification to begin trading public money. Worst yet, the flagship trading strategy SWARM is currently in litigation because supposedly it go hijack from two former employees. And even worse yet, XXIS was supposed to pay SPZI 1.5 million, 500k per quarter for the license of SWARM. Spooz has realized only 83k of that.
- This is the second round of projected revenues. I wouldn't put much faith into the projections. If you go back to their web site and look at the original projections, you will have yourself a very good laugh.
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