wing_walker, to further the discussion of Spooz building its own trading exchange a general retracing of Spooz's funding history might provide some clues about what Paul Strickland has in mind.
It's assumed that the 504 sale of common shares has been concluded with its $ 1 million goal reached. This probably happened the first part of July. Of course some of the 504 money went to sustain month to month operations I.E. payroll, lease payments, utilities, etc.
It was assumed that part of the 504 money was to be applied to the STV2 launch and backup. Many thought NOW we'll see the funds applied to programs and see evidence of the funding dollars in action : ).
Actually before the 504 financing was concluded there was a rumor floated (about the time of the shareholder's meeting) that Spooz would issue restricted shares of some type to raise around $ 3 million.
I'm guess a little here but immediately after the 504 financing concluded Spooz filed for sale of $10 million via preferred stock sales. Almost at the same time they filed a patent pending application for a unique middle ware engine. (An engine of this type is necessary to build a trading exchange).
Very shortly after this it was officially revealed that Spooz was to do a private placement of $ 10 million via Series A Preferred Convertible (1 year) shares.
It seems that as Spooz's CEO Paul Strickland has taken care of basic things first through financing he has quickly moved to other programs that require more funding.
While I'm not privy to how much of the $ 10 million is tagged as STV2 launch and additional Spooz clerical staffing money it seems the lion's share of the $10 million funding dollars could be directed toward creation of a new trading exchange.
It's THE NEW EXCHANGE talks with mega player/s involved that has precipitated the quiet period as things are thrashed out/negotiated...IMO of course.
milo3
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