Replies to post #13591 on SPOOZ Inc (SPZI)

[songbirdia]

Thanks so much, Wildman!

Very well written, and clearly organized. I appreciate your efforts.

[Tekoah19]

Dilution would be discontinued as soon as this financing falls into place.
My My what a statement!
TEK

[alliecorp]

Great post Wildman...a very intelligent and well rounded summary...that's a great sign, too, that Spooz is or will be in talks for financing next week! It'll get them through until revenues start. Thanks, allie

Spooz management is aggressively pursuing financing in the form of series A convertible stock to the tune of $3M. Dilution would be discontinued as soon as this financing falls into place. I believe Paul said that Errol is meeting with individuals next week to discuss such financing.

[Decanus]

Positioning the Organization - Keys developments have come in to place of the last few weeks that will enable Spooz have acces to over 100 different brokers. Agreements with Trading Technologies will enable partnerships with these brokerages in a streamlined fashion. However - they key here is that Spooz won't have to approach these brokerage firms saying "can we please write to your API?" - rather - brokerage firms looking to increase trading activity @ their site will approach Spooz saying "We'd like to get more of our customers trading futures (or options, or E-mini's, or whatever), can you develop some custom trading templates and training video's that we can advertise on our website?". This is the essence of the deals with Ameritrade, Man Financial and optionsExpress.

IMO, this is an example of what makes SPZI an attractive target for a buyout. Either to keep Spooz "in house" if the acquirer is already a player in the market place or to take advantage of and expand on Spooz's access to the market houses and brokerages if the acquirer is an outsider, such as a software company.

[Imperial Whazoo]

Question for you wildeman-j:
What are the details of this?

Mentioned in your post : "....The Ten-Four suit against Spooz..."

What is this suit? What are the issues? When did this happen? How much is it going to cost Spooz?

Anybody able to flesh this out?

Imperial Whazoo

[ITGuy]

Wildman, the financing note I had

was that the amount to get from Series A convertibles was $300,000 not $3,000,000. We might have to get Paul to verify which one of these is correct as that is a huge difference between the 2.

ITGuy

[dshade]

good job on that summary. helps