Ok - here are a few answers.
Remember, this is not going to be word for word as I can't write as fast as they talk so some paraphrasing is going to be involved. Unless I put it in these quotes("), don't quote me (Paul) in your posts. I would like to thank CapnDon for sending me his notes on these questions so I could combine them to get the best possible answer for you guys.
Here we go:
1. Spooz talks about preserving and creating shareholders value. What are you going to do to compensate the shareholders who bought his stock's company at 0.01 and above when dilution is still going on and their shares keep being diluted? As dilution has occurred, the pps has plummeted to record lows in spite of good news and progress. Why in your opinion has this happened, and when do you see this alarming trend reversing?
Answer: Dilution has occurred to keep the company up and going. Without it, shareholder value would be 0.00. Reversal will happen when revenues start coming in.
2. How will Spooz generate revenue from the joint venture with SFB, and how soon will revenues start coming in from the JV?
Answer: The JV is "not a done deal yet". It's not necessarily a revenue stream - more of a exposure play. Revenue could come from it in different areas which marketing is exploring.
3. Can we get any details about the financial arrangements involved in the SFB deal? What does Spooz give, and what does Spooz get?
Answer: Basically the same answer as #2. There is a free component as well as a paying component. As an example - this is like giving away Adobe Reader but if you want the full usable version you have to buy Adobe Acrobat.
4. When will SpoozToolz 2.0 be available for independent traders?
Answer: Right now it's institutional investors with a target subscription price of $500- $1,500 per month. Independent traders can expect something around fall timeframe. Q3 - Q4.
5. What kinds of feedback is Spooz getting from those who are involved in the testing of Spooz software?
Answer: Feedback is more of 'add content' instead of 'does it work'. STv2 works - no doubt about it - they are just providing feedback on enhancements. It's mostly about templates and more and more templates.
6. How did Spooz and SFB connect -- what was it that got SFB interested in Spooz technology?
Answer: Was initiated by a sales call by Jim Hensel (Fedfunz). When SBF saw what SPv2 could do in Excel, SBF said that's exactly what they needed. SBF wanted to build something exactly like SPv2 but saw a more direct path to market with what Spooz already has. It was the "right timing" in contacting SBF.
7. Are there any custom modules being developed for applications other than investing and/or does Spooz see the possibility of any such use in the future?
Answer: CMCC is one. Binaries is another. There are “hundreds of potential applications”. 3rd party trader/developer programs. Institutional algorithms, etc.
8. Does Spooz have any plans, after the company is more financially secure, to consider a stock buyback plan?
Answer: "Yes." "No R/S"
Ok - here is page one of the questions. If anyone else at the meeting has things to add or correct - please feel free to do so.(That goes for you too Paul!)
More to come...
ITGuy
"When we are able to put aside our differences, only then may we say we've evolved."
ITGuy
"When we are able to put aside our differences, only then may we say we've evolved."
