Webcast summary (stolen from www.usxp.de site):
auction being used as visibility to promote luggage service
expects more publicity as auction approaches
only need a few serious bidders to make it a successful auction
lots are moving from NY to Vegas
still people talking about purchasing entire collection, cannot make offers public (huh???)
collectors/museums/people outside this country
addressing the Q
he wanted it on the Q
accounting rules and regs said that even with appraisals, they wanted to wait until actual auction (wrong - the purchase price paid must be reported, and what it bought)
1100 items in THIS auction
in the near future, there will be other types of auctions, possibly different
percentages given on dividend and buyback - he feels it was clear
buyback will come *before* dividend
percentages may change - he doesn't think it will go lower
depends a bit on total value of auction
more auctions to follow
Talked about LEAP (ain't happening IMNSVHO)
Moved 32M bags at 90.00 each????? (Where's the 3B in revenue?)
events yet to come
move to another exchange is the goal (right. sure.)
