Tuesday, September 25, 2007 4:11:17 PM
(Sorry it took so long - fielding PMs too!)
These will be paraphrased as I suck at fast note taking! lol)
1. Was Swarm owned by Spooz, Inc or 141 Futures:
Swarm is owned 100% by Spooz, Inc.
2. Was SWARM licenced exclusively to 141 Capital:
Only for Futures and Derivatives. SWARM can be licensed out for anything else for a great amount of money at any time (the number given out as a possibility was $50mil). They needed to license SWARM out for compliance reasons - as I understand it.
3. What percentage of 141 Capital is 120 mil shares?
Significant. Not a small number. While he couldn't give out the exact number, this is in no way a sell out to Spooz shareholders. The way he explained it, and again I'm trying to reiterate what he said the best I can, is that going the route of licensing SWARM to 141 is worse for him personally but will be better for Spooz shareholders. There should be several PR's out very soon - like in the next week or 2 describing more in detail the licensing agreement with 141 and how it will greatly benefit Spooz,Inc shareholders - including some revenue for the company (SPZI that is). I did not ask about if there will be an IPO for 141 Capital but he did say that there will be shares sold on the common market so I assume there would be at some point.
Right now they are smirking at the drop in price as they know as things become clearer, the pps won't be a issue. Now that the quite period has ended, there is a whole bunch of news to be let out.
The good times are just starting folks. I have absolutely no doubt, based on little things Paul has said, that they have our best interests in mind and things will only get better for us. Wish I had more power right now.
Hope this helps. There was a lot of info and as I'm a techie at heart, it's very hard for me to follow when he starts talking business and SEC stuff. If I think of anything I missed, I will post more.
GLTA
ITGuy
"When we are able to put aside our differences, only then may we say we've evolved."
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