have attempted to put together a rough transcript of the interview. Please note this is not word-for-word, and there may be some errors, but I think it captures most of what was said.
I had no problem signing up for audiostocks and was able to listen to the interview just fine. Please go there for the definitive source!
"141 Capital is a trading company in the derivatives markets. We are going to be trading using algorithmic systems. The trades are mostly done by software that goes into the markets and predicts how the markets are going to move. We will be trading our own capital as well as customers' capital. We are a CTA (commodites trading advisor with the NFA) which allows us trade customers' accounts by power of attorney. The other area that we are going to concetrate on is providing trading recommendations electronically to customers with new techologies that will allow us to provide trading recommendations to customers.
(Talks about company history and share structure here - it's in the disclosure)
Management strategy is to provide revenues to 141 as soon as possible. The areas that we are going to go into are providing trading recommendations to customers. We'll be doing that both over the Internet and by cell phone. We have discovered some technology that will allow us to issue trading recommendations fairly rapidly. We will be seeking customers by using advertising and also some web marketing. We are also going to be trading systems both proprietarily and for our customers.
We derive income as a CTA by charging a percentage of the value of the account as well as a percentage of the profits generated in that account. We will also be looking into the possibility of providing for our customers the opportunity for trading what are called binary options. This is a rather new area and we're moving slowly but we are looking into it."
(Talks about Key executives, Errol and Paul. This info can be found in the Disclosure)
Full time employees are
Karen McFadden Director of Operations - Former Floor trader
Jackie Bird - Consultant. Also teaches at Northwestern University
Pam Maroney - Adminstrative Assistant
"I see most opportunites for growth in providing trading recommendations to customers on a subscription basis. Internally, I believe that trading our own capital using SWARM and some other systems can provide substantial returns for the company.
Currently we're financing our company using funds under regulation 504 D. We've recieved a commitment from a funding source to continue that kind of financing. After that we are hoping to recieve trading capital. (Talks about audited financials in the Disclosure statement) We hope to file S1 registration statement which will enable us to move from the Pink Sheets to the OTCBB. Also with that S1 we will be able to raise additional capital that will be used primarily for trading our own account."
AI
