Page 2 of questions/answers:
9. Please update us on the 3-4 major brokerages that were demoing/implementing that product. Are they paying for STv2 yet?
Answer: Not paying yet. Price negotiations in progress.
10. When will we see advertising and marketing for Spooz products?
Answer: Approx. fall time frame.
11. Are the ads produced by Trungale that we have seen going to be used?
Answer: Possibly. Darryl likes the racecar idea and might reuse that.
12. Will we see Spooz products reviewed in the professional journals of the trading industry?
Answer: Yes. Probably in "Active Trader", Futures & Options Trader (I think). (there were more but couldn't write them down fast enough.)
13. In regard to the payments from 141 Capital that Spooz is suppose to be receiving. Are they being deferred until profits from 141 trading are being generated? When is revenue supposed to start for them?
Answer: Yes - deferred as SWARM is in litigation. Revenue should start in the next few weeks as a new trading system is brought online.
14. Is there an R/S in the works within the next year?
Answer: No
15. When do you expect the uplisting to be completed?
Answer: There can't be an increase in capital during the uplisting progress. Uplisting can take up to 120 days so they need enough money in the bank to sustain for up to 120 days. They are ready to start the process now - just waiting on money.
16. Please update us with Spooz's revenue projections for 2008.2, 2008, and 2009 and the major sources of the revenues for each time period
Answer: I don't have the breakdown of where the revenue is coming from but:
1 year - $9.70 Million
2 years - $36.40 Million
3 years - $58.54 Million
17. What is a "best case" and a "worst case" estimate on how soon until Spooz becomes cash-flow positive?
Answer: Best case - This quarter. Worst case - Q1
18. Are there any lawsuits that are hindering the forward progress of the Spooz business?
Answer: SWARM is in litigation. Info can be found in the Fed (I think) court in Kane County.
Ok. That's it for page 2. Page 3 coming up...
ITGuy
"When we are able to put aside our differences, only then may we say we've evolved."
