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Tuesday, October 02, 2007 8:40:06 AM
I agree with what you and Imperial are saying about this.
I think I can get over the "exclusion clause" and believe this deal is very good for SPZI and its shareholders.
But the argument you have made is only valid IF 141 WILL NOT BE SUB LEASING SWARM TO OTHER TRADERS.
If SWARM will be marketed and licensed to other traders, then SPZI should be the one who does that while owning 100% of the revenue for doing so.
If that is not the case, and 141 will be subleasing SWARM to other traders, then the deal looks like a semi swindle and your argument for having 141 be the EXCLUSIVE user of SWARM becomes undone.
I think this issue of whether 141 will sublease SWARM is an issue all SPZI shareholders need clarified.
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