More info about the $3 million below... hmmm... where did that number come from? The following was a repost of Martingale's post, corrected by jcrom...
Martingale's post with correction
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Sorry about the delay here folks but this is what I have:
RE 141 Capital:
Per Errol Stone the XXIS shares will begin trading in January
as nearly as they can tell.
They own the shell now and have alot of paperwork to complete.
Also they are in the process of moving to the Chicago Board of
Trade with their new offices, buying equipment, neg. the lease
and so on.
Per Paul Strickland, he is expecting the IPO pricing on XXIS
to come in around .25. The 120,000,000 share spooz has would
then be worth about $30,000,000. There market cap is just over $6,000,000 now so alot of upside to the stock when XXIS
starts trading.
They are only going to put out into the market $3,000,000 worth of shares. This is being done first by a 504 with
accredited investors for $1,000,000. Then they are working on a 506 for the other $2,000,000. Eli Kauderer is handling the
placements. I have a call into him in his NYC office but have
not yet heard the details on the offering to investors. Eli's
number is 1-866-807-5111 for those wishing to check also.
They are staffing up right now to replace Jame Groves and Peng He. Paul said it was no problem to find another trader.
Apparently Groves is working for another company trading Forex.
They have NDA in place and confidentiality agreements as well
for whatever they do next.
About Spooz:
The REGDEX filing was done for a mini 504 which has now been
completed and explains why the O/S increased by 80M shares
recently. The financier has the shares and may or may not have already sold them on the market but they are in the
1.4B O/S. They are not planning on doing another 504 so no
new shares will be added and the A/S will remain at 1.475B.
Tom Opper is going to be the new Director of Sales. Tom was
the IR guy before. I have talked with him in the past and he is a very sharp guy and completely knows the spooz story.
We should be able to get a feel for sales results from him when the product is launched.
They are definitely on track for releasing STv2 in January and are staffing up now to do it. They need 24 hour phone coverage 7 days a week at spooz to handle the expected call
volume and they need technical sales people.
Spooz is not planning on releasing much in the way of PR's
until January. They are going to start their IR blitz at that time.
141 Capital should have a PR or two before the end of the year.
Paul said that it will take 1,000 subscriptions at $600/mo
to become profitable and they expect to do that in Q1 2008.
They already have lined up several hundred subs.just waiting on the product release. They continue to demo the product and
sign up new subs.
Paul said the PPS is going to take off when their is news on
revenues which will start in Q1. He thought spzi might run
to $1 per share by 2009-2010.
The company is in a good cash position at this time having gotten in money from the mini-504 they did. Errol Stone said he expected to fund the first $500,000 to spooz in the next
45 days. They have the money in place.
That about wraps it up.
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