Thanks ITGuy, great info. Very interesting. This shows that in a short order of time the strategy can change significantly. I am all ok and good with the decision, but this was not their plan 3 months ago. Don't you think someone of Paul's credentials should have know about the restraints before they announced that they would publish results???? I guess Paul is human after all.
2. Constant requests for this: When/if will SWARM results will be PR'ed. Many are quoting the shareholder meeting saying that SWARM results were suppose to be release monthly.
Answer: They will never be reported by Spooz due to compliance restraints. Firstly, Spooz is an unregistered entity and while it may publish internal results, it can not do so to facilitate, supplement or participate, in any way, with the solicitation of public trading capital. Since 141 Capital will solicit public trading capital using the same trading system Spooz traded with internally, we believe this to be a conflict of interest and may, therefore, confuse the National Futures Association (not a good idea). What our shareholders need to understand it that we had three options regarding SWARM: 1) shelve it forever; 2) sell it outright; 3) license the software to another entity. The first option, given SWARM’s preliminary trading results is simply not good business. The second option is also very unattractive because selling trading systems for significant sums of money necessitates a detailed look under the hood. So, you have 50 potential buyers, everyone looks but no one buys. To your amazement there are suddenly 25 systems that trade identically to SWARM. Is this likely? No, the reality is that there would indeed be 25 systems that trade identically to SWARM, but since Spooz insisted upon execution of a well written NDA before providing the prospective buyer a look see, we would never find out about them.
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