Posted by T A P
on 5/10/2001, 1:13 pm
barry welcome to the quarterly chat
barry i will pen the questions in 60 seconds
barry thanks for the flowers guys !
myTrack: w1347, we received your question, it is # 16 in the queue
myTrack: w1147, we received your question, it is # 16 in the queue
m1or Hello Barry Can you please advise us when you will start up the
Knight/MyTrack partnership and also when TRACK Canada will
start. Thank you Mike
myTrack: w1637, we received your question, it is # 15 in the queue
barry the institutional efforts will probably start in the 3rd quarter
myTrack: w0323, we received your question, it is # 21 in the queue
barry with Canada - unfortunately we're back to square 1. the firm we
were dealing with
barry was bought out. we have found a diff. firm - but it will take
some time
myTrack: w1417, we received your question, it is # 23 in the queue
w0512 Great Job Barry why don't you have real Earnings Press
Conferences like most companies & why no ECN?
myTrack: w0557, we received your question, it is # 23 in the queue
barry because i built myTrack for individuals rather than institutions
barry i want to communicate directly to my shareholders and members.
barry as for the ECN i am sure there are a lot of questions on the Q
for this - so let me give a status
barry i am very happy with the ECN progress to date. we are in the
final stage of testing
myTrack: w2000, we received your question, it is # 28 in the queue
barry with NASDAQ. we think that it should get approval and go into
operations
barry in July.
barry in fact most of our efforts should bear fruits in the 2nd part
of this year - i.e. starting with the 3rd qtr.
w5903 my track order book has trac listed as an ecn, why? and why
hasn't there been news out about it?
barry see above - the listing for trac is just for us testing
goodyrl Barry give Hosts Bob & Ted a raise they are wonderful aren't
they ?
barry can't agree more - the rest of the hosts are equally great
w0620 Has TRAC increased its liquidation of the INOD position from the
20k/mo?
barry it is actually 40k because of the split. the answer is that we
have not
barry nor do we have any plans to increase it. we are happy with our
selling program
barry and we have a lot of confidence in INOD
myTrack: w2316, we received your question, it is # 29 in the queue
groy Barry, you have done excellent job. Since you are out of Inod,
why don't you get rid off their equity and purchare trac. What
is the status of ECN?
barry see above - let me just add to this - since ppl are getting the
wrong impressions
barry we are not bailing out of INOD - the reason i stepped down...
barry short answer - it was time to go !
myTrack: w1433, we received your question, it is # 30 in the queue
barry i have a lot of confidence in him and he has earned the right to
run his own independent show.
myTrack: w5903, we received your question, it is # 32 in the queue
barry i missed a line - it said Jack Abuhoff has done a great job in
INOD
barry also - we are selling 40k each month and the reporting of that
fact was having
barry an adverse effect on investment relationship. we now no longer
have to report the 40k
barry sr
clouseau Cograts to you Barry, any top secret projects in the works?
barry yes but it is top secret
w1347 Barry - Kol Hakovod!
w1147 how does TRAC plan on buying back 3 mil more shares when it only
has a little over 6 mil in cash
barry good question - we already bought 4.5 M back without adversely
affecting our cash position
barry we generate a few million $ each qtr in cash flow.
barry so unless TRAC gets to be expensive - i see no problem
w1637 we gave you flowers where is ECN ?
barry lol
countryboystok Hi, could you tell us if there is any method to the madness we
have seen in the price of TRAC lately.
myTrack: w2847, we received your question, it is # 31 in the queue
myTrack: w1714, we received your question, it is # 33 in the queue
barry well, i am certainly glad that we're over $1.00 (forever ) but i
am ambivalent about
barry how high it should go - remember i am trying to buy at least 3M
more.
dickielee Barry, thanks for all your hard work. Looking forward to TRAC's
ecn. Would you explain how it would produce revenues & profits
and what they might be estimating conservatively?
myTrack: w3014, we received your question, it is # 34 in the queue
myTrack: w1043, we received your question, it is # 35 in the queue
barry it's too early to tell - however - it is important to note that
it's not just revenues
barry it is also a great marketing tool - imagine everyone seeing in
level II TRAC
fje5003 Barry, please give us an overview and status of things that
prompted you to say: "The best is yet to come!"
myTrack: w1147, we received your question, it is # 36 in the queue
myTrack: w3144, we received your question, it is # 37 in the queue
barry i think the earnings is one step - dayTrader product and
institutional sales will be the next
barry however, please keep in mind - that when i said :the best is yet
to come" i did not say
barry tomorrow - our shareholders need to have patience ! we're all
working hard here and the results will be forthcoming
hfactor What kind of revenue do you expect for the next qtr? Since we
are 2 months into the next qtr do you think it will be more or
less than the Jan - Mar qtr?
myTrack: w3335, we received your question, it is # 37 in the queue
myTrack: w2442, we received your question, it is # 38 in the queue
barry i think the revenues will be somewhat lower due to lower trading
volume.
image Barry great job by you and your staff & host. btw, what does it
take to be authorized in channel 20 ?
barry it is reserved for the dayTrader product
urgetosurge Barry, just want to say that i'm proud to be a shareholder of
this company. You, along with the staff, have done a phenomenal
job! Congratulations!
barry thanks
w1417 barry what are u gonna do to improve customer service?
barry download myTrack and then i'll answer
rjtesta aloha barry. i would like 2 know if u hv any plans on adding
more hosts 2 this fine service/site? i hv been trying SINCE
INCEPTION to become 1 but alas it aint happened... thnk u...
myTrack: w3536, we received your question, it is # 35 in the queue
barry we're always looking for good ppl - talk to host Ted - he runs
everything
w2000 real earnings press conferences would build shareholder value
please consider
barry perhaps when we're selling the trading system to the
institutions
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