The only thought I have is that the IPO from 141 Capital will generate the initial capital to invest in SWARM. Without raising the A/S of Spooz (which Paul said wouldn't happen), Spooz wouldn't have the capital to really invest in SWARM till a lot of revenues come in from STv2. So this is a way to get more capital for running SWARM.
Just my thoughts but I think an e-mail to Paul is needed to clarify all this. I'm sure future communications from Paul will help us all to understand the direction he has taken us.