zohn51,
Q. Have you had any contact with the companys at all?
A. I became a shareholder last July, and I've made a couple of attempts to contact them regarding questions that I've
had and to date, I've not received a response.
Q. Are you okay with not knowing if you shares are worthless or not?
A. Prior to buying my first share, I read the December 2007 financial statement and the advisory from the accountant expressing doubt that Spooz would continue as a going concern. I chose to invest anyway. I had the opportunity to sell when the BB PR was made and take a profit but chose not to as I felt that Spooz was capable of a higher pps. At the present, due to a lack of communication, the stock is properly valued which to your point may be considered relatively worthless. As far as a loss is concern, I've lost greater amounts before. The largest being $12 million in one day. I got drunk and gave the winning $12 million USD lottery ticket away to a homeless man. Win some. Lose some. The bright side to losing the winning lottery ticket is that I'm now sober, but it was an expensive AA program. After many years have past, I can laugh about it.
Q. Do you think a certified letter to Paul expressing our concerns would do anything productive?
A. Yes as far as personal piece of mind that you have attempted to make contact with Paul. However, I doubt this would generate a response at the moment.
Statement: At least do some more of your Errol making coffee for Paul skits while talking about shareholders those were hularius.
Response: Thanks, but credit should be given to nicehit, who initiated the script. Lately I've been researching another company.
Statement: We are just venting and would like your imput.
Response: I was hopeful to see a PR from Spooz some time ago. Unfortunately, the PR came from 141 Capital and not from Spooz. As a common shareholder of both, I have a vested interest in seeing that the business plan succeeds. To say that I was extremely dissapointed how the preferred shareholder offer was handled with 141 Capital would be a major understatement, as offer, acceptance and consideration should not be messed with, only improved in the form of a sweetener. Since 141 Capital chose to change the preferred shareholder agreement, as boca_bobby put it, they shot themselves in the foot. When Wind River Development Corporation was announced, I wasn't bothered until WaterRider provided dd that the WRDC was a Florida corporation set up by the crew. I then categorized every entity that the crew was ever involved with, and I'm still searching and accumulating information. It has been a good personal exercise in dd, which I should have done a long time ago, but I became distracted in personal life issues and didn't do it. As far as WRDC is concerned, I've calmed down a bit, but I'm still troubled by it.
Some definitions:
Insitutional or professional trader- An individual institutional trader is one who trades on the behalf of the brokerage house and shares in the profits or losses of the broker. This trader may make several to hundreds of trades per day.
Professional trader may be at home, trading on their own account for their own profits and losses. This trader type of trader is sometimes referred to as a day trader and may make several to hundreds of trades per day.
Investor- An individual who is inclined to buy infrequently as their investment strategy is to buy and hold and tends to ignore the stock price as this investor is in it for the long haul, and will hold the stock for many years. Therefore, an investor may make less than say 1 trade a day.
With the above definitions established, I will now use them below.
There has been a number of external factors which have had a major impact on Spooz within the last 365 days, which I will attempt to show:
1. Financial meltdown, thousands of financial jobs lost.
2. Symbology Initiative was pushed back until 2010. Not to be confused with a prior JV PR regarding SFB Market Systems.
3. Major financial regulatory changes, which continue to occur.
4. With improvements in financial software such as Spooz, that contains a number of features geared towards the institutional or professional trader, the financial industry now appears ready to market these products to the investor.
Due to the manner in which the financial meltdown occured, many investors were left "holding the bag" as they may not have had the ability to stop what they were doing in their personal life to make a trade, and/or were not savy enough to realize the buy and sell indicators. Also with the financial meltdown, a number of professional, institutional traders were now without a job, with the knowledge to trade using sophisticated software and financial products, but were now somewhat limited in their choice of professional financial software and access to the financial products they were previously trading, due to the associated risks involved.
The "E-Trade" type of brokers will be increasingly willing to offer professional products as it makes money for the broker. Due to rising competition and falling commission rates, getting an investor to move from making less than one trade a day to several or hundreds of trades per day is appealing to the broker. Therefore, there is now a race going on in the financial industry to offer more professional software to investors in an attempt to turn investors into traders through the use of algos, spreaders etc, etc.. This "race" then compounds the problem for the market for Spooz, which is offering professional grade software to professional traders and institutional traders as the institutional market is shrinking while the retail market will be expanding.
The drawbacks to the Spooz software in offering to the retail investor(this comment is based on the prior known version and my interpretation of the product):
1. Spooz would allow the trader to trade any number of exchanges, and a broad array of financial products that can carry large amounts of risk. Its the risk that was the problem and who carries it if the investor finds themselves in jeopardy? In simple terms, a safety mechanism was missing and who would be willing to underwrite the risk? Kaitrade, did come out with somewhat of a safety mechanism, but this appeared to be geared toward the professional/institutional trader as an overide or "overlimit-supervisory" functionality.
2. Spooz has a number of professional grade options, which an institutional/professional trader can use which is a plus. The downside is that while Excel is easily understood, there are too many professional grade options, which may not be easily understood, or the underlying complexity and risk of the financial product(s) for a novice, and/or retail investor.
3. Ergonomics: If a marketing strategy is made towards the retail investor, the "touchy feely" types, would most likey want to see something somewhat ergonomically pleasing and functional. Therefore, Spooz would not be appealing to the investor at the present, even if the software was the very best in the market place to identify potential trades and placing them on the behalf of the retail investor automatically through an algo program. While Excel is used by the business world, and investor may not have Excel or worse, there are lots of people that hate Excel and Microsoft too for that matter. (My wife being one of those that absolutely hates Excel, but loves Word).
Thus, if I were to take a guess as to the current state of affairs and changes in the financial industry going on towards marketing professional grade products to investors, Spooz faces some difficult challenges, all of which cost money and take time to develop and implement. The very large opportunity to market to retail does exist but the aforementioned problems will need to be addressed. The marketing strategy to market to retail appears to be changing by the recent actions taken by the crew, whether they can pull it off is yet to be seen. The crew has what appears to be the major pieces to be able to provide a retail investor with professional grade features. However a software company offering stand alone products cannot also be a financial broker. Therefore, at the present it would appear that Spooz has been locked into the institutional/professional grade market segmentation due to prior decision(s) made, based upon the prior comments made by Mr. Dennis, crew and their actions taken. Since Spooz has a major interest in 141 Capital, the future of Spooz may very well reside with 141 Capital at the moment as 141 Capital intends on becoming an Introducing Broker. Since an eta was already provided for this endevour, we know how long to wait before hearing any additional information regarding the matter.
In the interim, I hope that at a minimum management can renew the website: www.spooz.com and www.spooztoolz.com
If the websites aren't renewed, then the shareholders of Spooz I'm certain will be quite dissapointed.
I don't remember the exact quote, so I'm paraphrasing here. From the movie, "The Hunt For The Red October" the captain of the submarine, The Dallas, says to the Russian, "The secret of playing chicken is in knowing not to flinch."
Just my opinion.
funmaxus
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