Page 3 of questions/answers:
19. Specifically, what did those two yahoos that were dismissed last fall take away from Spooz Inc, if anything?
Answer: Trade secrets regarding SWARM. It's in litigation in Kane County Court with the most recent judgement in Spooz's favor.
20. Spooz's O/S has increased approximately 1 Billion shares since April 1st. What have these shares been used for and how have they benefited the shareholders? Do you feel it will be necessary to increase once again the number of A/S over the next 52 weeks? Is an R/S still out of the question?
Answer: No R/S! Dilution will only occur to keep the company up and running while sustainable revenue is attained.
21. Please provide additional information on the arrangement with 141 Capital regarding "investment recommendations". Will 141 use these recommendations for internal trading? What is the technology for Spooz and 141? What is the start-up timing?
Answer: There were several answers to this and I don't know if I understood them all. There was talk of using cell phones to trade as one possibility. The use of Algoserver was another. 141 will use other trading systems besides SWARM. 141 should start trading in the next few weeks and the web site should be updated with 5 weeks. Sorry - I know I didn't get all the questions answered.
22. How many of the original 4 brokers/investment houses in the Chicago rollout in 2008.1 are currently paying revenues to Spooz. How many additional brokers/investment houses are paying revenues to Spooz at this time?
Answer: None are currently paying revenue as pricing is still being discussed.
23. What is AlgoServer's main function and how is it priced?
Answer: This was a long answer - many aspects were over my head in understanding. The one I did understand was this: Say someone develops a trading algorithm in STv2. They could run that algorithm on their home computer and trade as they want to. They can export that trading algorithm and Algoserver allows them to import it onto a server closer to the Exchange for fast and automated execution. It also allows the user to remotely manipulate their algorithm for fine tuning.
24. Does 141 Capital plan to have a share holders meeting this year?
Answer: I have down next fall (as in 2009) but I've heard fall of 2008 from others.
25. What is the latest deal (if there is any) between SPOOZ and TDAmeriTrade?
Answer: The deal with Ameritrade is still intact. Spooz has written to their API for execution. Ameritrade has an old API so there are constant updates to continue to have things work.
26. What is the status of Spooz relationship with Trading Technologies?
Answer: Everything is still in place. Same as last year.
Page 4 coming...
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."
