Webinar highlights 6/25/12
Reposted from Raging Bull MNGR
OK, so todays webinar was not a dog and pony show, but a straight to the heart, Q and A session. I couldn't hear the questions, but mostly you could tell what they were by way of the answers. If you didn't get the answers you were looking for - then you didn't call in to ask them and no one else did either.
Frank K was asked to take a look back in November by a 35 year long time friend and large ANTs invester. Met with Kozak and assisted Joe in vario8us sales calls, etc. Joe is no longer with ANTs in any way. Joe still has ANTs corporate files, 125 boxes worth, stored in his basement. He has blown off Frank twice to arrange transfer. Look to resolve this during July.
ANTs has no money. Frank has self invested about 50K to fund day to day and legal. I like this - both points. Nowhere to head but up and he is committed in personal way for the short haul to see this ship get righted. He is in fact, the transfer agent for the stocks, handling this directly for the shareholders.
Frank owns about 7 company/entities. Real Data Inc. is the one being involved here with ANTs. ACS is middleware. We are not talking entreprise software. Relationship with IBM still exists, but nothing much is happening. Could be revived in future. Webpage with HP logo is historical from about a year ago.
ANTs retains all assets and patents. GA office closed down. Ohio office opeinng with about 3 or 4 admistrative assistants.
Current mess and problems are being worked through. To be all done and cleared up in 60-75 days. Revenue to begin to be realized in 90-120 days.
I like the nice short timelines. We should be able to evaluate near term to see if projections are being met.
That's my quick notes from today. Good luck all
WEBINAR REVIEW as posted by liodog
1) New CEO is building a company that will produce more revenue than ANTS ever did under Kozak
2) Revenue streams will be diverse with first revenue in next 90 days
3) Existing and upcoming products include:
- ACS
- Matrix
- AVM
- Stock Trading
- Sport Analytics
4) All IP is still owned by ANTS... valued at over $150 million dollars
5) CEO will not authorize any conversion of preferred shares
6) Only 68 million free trading shares
7) Likely that ANTS will re-engage IBM
8) Kozak the crook is out for good... and may be the target of a lawsuit by ANTS
9) Plan is to stay independent and grow both organically as well as through acquisitions
10) ANTS technology is quickly adaptable to a cloud computing format
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