Page 4 of questions/answers:
27. Are there any details available for the potential 'partners' for distribution of STv2?
Answer: There are several different partners for distribution. Many are in talks currently.
28. What are the status of the offices in NY and London?
Answer: No current office in NY but are looking to distribute the software in Q4 to NY firms. Virtual office in London and looking to start distribution in Q1.
29. Correct me if I am wrong. Going back to the deal that was alleged to have been brokered by the Kauderer Group, the principal investor in "141 Capital" was to invest 3 million of which 1.5 million was to be paid to Spooz for the licensing of "SWARM". My question is, is the deal with this investor still intact? Has the 3 million been paid to "141 Capital" and is there 1.5 million available to cover the "SWARM" licensing fee?
Answer: They don't know where the 3 million dollar number came from. The licensing from SWARM is on hold due to litigation.
30. With the stock being so cheap right now, is there any insiders buying, if so how much, if not why?
Answer: No. They were jokingly laughing about it saying "with what money?" They don't pay themselves enough right now to afford buying more is what I think they meant. If they were to buy, they become restricted.
31. Has there been any insiders selling?
Answer: There has been no insider selling at all.
32. How close is the company from attaining significant revenues?
Answer: Q3 or Q4
33. What is the status of the Interactive Brokers relationship and how long will it last until we hear definite agreements between SPZI and those bigger brokers?"
Answer: I have questions on whether I got this right but I believe the IB Open API is going to be completed in the July time frame. They are already part of Ameritrade's "Partner Program".
And that's all the questions I had down. Thanks again to CapnDon for sharing his notes.
ITGuy
"When we are able to put aside our differences, only then may we say we've evolved."
