Adjustable spooling apparatus

An adjustable spooling apparatus for holding a coil of cable, the coil forming a coil central space, the coil central space having a coil diameter, the cable having a first end and a second end, the apparatus is adapted to be held by a user's hand or to be rotated by a rotating power tool with a tool bit, the apparatus is further adapted to be mounted to a vertical surface, the apparatus comprising:

• a pair of adjustable arms comprising a first adjustable arm and a second adjustable arm, each adjustable arm having a first end and a second end, each adjustable arm further has a coil retention assembly comprising a coil retention member and a pivoting arm, each coil retention member is positioned proximate to the first end and projects orthogonally away from the adjustable arm, and each pivoting arm is hingedly attached to one of the coil retention members and is adapted to pivot between a raised position and a lowered position;
• a central hub portion having a first face, a second face opposite thereof, a first extension guide, and a second extension guide, the first and second extension guides are adapted to receive the first adjustable arm and the second adjustable arm, allowing each adjustable arm to selectively retract inwardly to decrease a retention member distance measured between the retention members of the first and second adjustable arms, or extend outwardly to increase the retention member distance;
• a rotating handle projecting away from the first face of the central hub, the rotating handle is adapted to rotate about an axis of rotation passing centrally through the central hub, the rotating handle is further adapted to be held by the user's hand;
• whereby the adjustable arms are adapted to retain the coil by allowing the coil to be placed in contact with each adjustable arm between the coil retention member and the first end of the adjustable arm, and the pivoting arms are adapted to push downwardly upon the cable when placed in the lowered position to secure the coil against the adjustable arms;
• and
• whereby the central hub rotates about the rotating handle and the axis of rotation as the first end of the cable is pulled away from the adjustable spooling apparatus, allowing the coil to be unwound from around the coil retention members.