Just got back from the shareholder meeting.
Will try to get through the question list one at a time.
Q1 How is swarm feedback from limited rollout to select traders?
A "steller"
Q2 Swarm trading for Spooz?
A Swarm will start on monday. Delay was due to technical requirements of servers. They had to be sent back three times because they did not meet required specs. Swarm is ready to go a month ago and will start trading monday morning.
Q3 Swarm licensing?
A Yes, in a form that is not proprietary of Spooz.
Q4 When will launch take place?
A In June, when they are ready.
Q5 Dilution
A $200,000 of dilution is left from the last 504. That dilution may be withdrawn if other sources of funding materialize, which they are working on.
Q6Company Debt
A I missed that one, ITGUY, got an answer?
Q7Launch Strategy.
A Paul has a detailed plan on launch. First target is Derivitives, Forex, Options traders from the top down. Reason is to better control launch. Spooz does not want to be overwelmed with orders at the begining and wants to be able to manage the rollout.
As time goes on they plan on broadening the rollout to include equities, templates, and other revenue generating avenues.
Q8 Swarm results
A Swarm results will be reported monthly.
Q9 Retail outlet
A No, because of shelf availability and accessability of product from the internet.
Q10 Ameritrade deal
A ITGUY< got an answer for this?
Q11 Second Q revenues
A None
Q12 Shareholder value
A No reverse stock split
Q13 Financial risk
A Yes, but Paul thought they would reach profitability by November, no problem. After that projections are just to hard to know for certain but between Swarm and subscriptions Spooz will be profitable in 2007.
Q14Who holds the stock?
A ITGUY, got an answer for this?
Q15 Change in Governance practices?
A I do not believe so.
Q16 Uplisting
A As soon as feasible. Paul said it does not make sence to uplist until they have a track record of profitability. Look for Q4, maybe.
more to follow.
Just a guy with an opinion. Leave your campsite better than you found it. Don't peel the birch bark off the birch tree.
