SPOOZ Inc (SPZI)

[ITGuy]

Snow, you are correct in your assumptions.

I assume that they already have had their private placement of initial capital - hence how could they have started trading already. The initial capital is a small amount - maybe a million or so. This is only so SWARM can prove it's track record before going to the Expo to seek large public money - money that will go into a fund vs being privately placed as ownership in the company.

I agree that if SPZI has a 40% stake in 141 and then that gets diluted in order to raise more starting capital - that would be a bad thing. But I certainly see nothing that would lead me to believe that. I think that would hurt Paul's stake in the company even more than ours.

As far as the profits from the fund, don't all funds have some sort of management fee? I thought I read on the board at some point the a typical management fee for a hedge fund might be 20-30%. So if that is the case, 7% stated in the PR would go back to SPZI while the rest would pay 141 for the management.

AIMO