Tuesday, September 25, 2007 3:14:38 PM
141 Capital, Inc. will occupy offices at the Chicago Mercantile Exchange to take advantage of superior exchange connectivity enhancing its ability to trade SWARM, under an exclusive futures and derivatives trading license granted by Spooz. The business of 141 Capital will be to manage accounts under registrations with the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) as a Commodity Trading Advisor (CTA) and Commodity Pool Operator (CPO). 141 will complete applications for registrations as soon as 141 commences trading operations early in the fourth quarter 2007.
Is it not clear to all that this is the vehicle by which large investors will trade with SWARM? Spooz , the OWNER of SWARM via Spooz Trading Technologies, will receive an equity position in 141, will license SWARM to 141 ( not give away, LICENSE), and 141 will manage trading accounts for investors. Trading operations commence early next quarter. Spooz still owns and controls SWARM...abundantly clear to see. Spooz shareholders have been given a piece of 141 because 141 will deliver to Spooz the 141 shares mentioned. that is what consideration means here...it means in payment.
The PR is pretty clear to me.
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