InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
5,199.50
(
-0.77%
)
US TECH 100
17,387.20
(
-0.02%
)
Dow Jones
38,763.45
(
-0.60%
)
Brent Oil
77.86
(
-0.66%
)
Bitcoin
57,244.68
(
4.02%
)

Replies to post #37758 on SPOOZ Inc (SPZI)

Replies to #37758 on SPOOZ Inc (SPZI)
icon url

annie m

11/14/07 7:19 AM

#37761 RE: martingale #37758

My thinking on that MG is..this quarter ended 9/30-since then I have to believe investment $$ has come to SPZI via some source. We know that in Oct SPZI found the money to buy
the shares of XXIS..we were also told there would be a $3M start up investment for XXIS. We have also been told SPZI would receive $500K per quarter for the next 3 quarters and 7% fee for trading which would begin soon. The CEO has told us he has refused investment funds from some sources, he also told an investment EXPO that "we don't need money at this time but will sometime in Mar" (I believe that was the date). Some of this info has come by way of PR's, some by email and some via the EXPO, so I don't think we need to be worried about SPZI paying the $14K cc bill. BTW, anyone notice the hugh drop in short interest? Very nice.


icon url

peeved

11/14/07 7:33 AM

#37762 RE: martingale #37758

martingale...

you forget something...

500K coming in from 141...that will cover quite a bit.
icon url

ThSeeker

11/14/07 8:01 AM

#37765 RE: martingale #37758

Martingale. I am thinking that Paul's statement about not needing cash was based on him knowning they are getting $500K from 141. That not being relected in the financial report makes it look like they need cash but cash is coming. That allows Paul to say "we do not need cash". Also they may be other sources of cash in the works we have not been told of yet.
icon url

otazh

11/14/07 1:40 PM

#37876 RE: martingale #37758

No need of cash? Are you sure Paul said this? I think he said they were not looking for new investors. That's a different thing.
icon url

alliecorp

11/14/07 2:54 PM

#37913 RE: martingale #37758

So you are saying that this is Spooz's current banking situation as of today? And how would you know that since that information would be extremely confidential and considered insider info. allie
icon url

songbirdia

11/14/07 3:10 PM

#37919 RE: martingale #37758

Hi, Martingale

Regarding the Omniquant license. The current contract runs for 48 months from April 2007. It is "automatically renewable for successive four (4) year periods unless either party provides the other party with written notice". I don't think OQ can cancel the contract during the current contract period which runs until March 2009.

http://www.pinksheets.com/otciq/ajax/showFinancialReportById?id=12615 (Page 16)

Best,

Songbird