"Meet the Management" meeting July 20, 1999, Part I
Below is the transcript from the 7/20/99 Meet the Management online meeting featuring Charles Vaccaro, President of Insider Trading. The log contains all questions and answers posted to the public forum in the meeting. A separate list of all questions asked (with answers) will also be posted on this web site in the near future.
[14:02] {Charles_Vaccaro} Welcome to today's Meet the Management Meeting featuring Charles Vaccaro, President of Insider Trading. We will now begin answering your questions.
[14:03] * Ed The room is Moderated. To ask a question, type /msg Moderator then the message here.
[14:03] {Ed} we are ready to begin
[14:07] {Charles_Vaccaro} Insider Trading is 100% operational
[14:10] {Charles_Vaccaro} Insider Trading has every intention of going international
[14:11] {Question} {l888l} where do you see I.T.in 6 months
[14:11] {Charles_Vaccaro} we hope to increase 200% in size over the next 6 months
[14:11] {Question} {Apollo} (Apollo) Question for Mr. Vaccaro: How is the licensing of the other states coming along? When do you forsee I-T service availability in all 50?
[14:12] {Charles_Vaccaro} We are licensed in approx. 35 states right now, and the remaining states will be completed in the next 30 days
[14:12] {Question} ]{djthiel} What are Insider Trading's competitive advantages?
[14:13] {Charles_Vaccaro} IT caters to the active, sophisticated day trader. We also offer a sophisticated trader support system
[14:14] {Charles_Vaccaro} Regarding the question about licensing, we want to clairfy. IT doesn't need to be licensed. Gold Country Securities needs the license.
[14:14] {Charles_Vaccaro} Gold Country is getting the licenses
[14:14] {Question} ] {teach} Can you give us some input on the PRO FORMA
[14:15] {BillB} proforma issues will be addressed in the next mtg
[14:14] {Question} {Emil} Are you planning a Web version of IT for other than daytraders?
[14:15] {Charles_Vaccaro} Our plan is to cater to the active, sophisticated day traders
[14:15] {Question} {compuact} When can we expect a formal press release on the internet use of Insider Trading?
[14:15] {Charles_Vaccaro} In the near future- we can not be more specific [14:16] {Question} {djthiel} Is IT going to be building recognizable trading locations or will trading be done primarily from rental space?
[14:16] {Charles_Vaccaro} Insider Trading offices will be in highly visible retail facilities
[14:16] {Question} {GUIDO} so gold coast is what to PABN? please clarify!
[14:17] {Charles_Vaccaro} Gold Country- Not Gold Coast- is the broker deal through which Insider Trading's customers trades are transacted through
[14:17] {Question} {skitrade} Could you comment on IT's move into the "traditional" online trading arena . . . if IT is moving in that direction. Also, could you comment on IT's introducing different rate plans for Level 2 service? Thanks, Skitrade
[14:18] {Charles_Vaccaro} We are gearing ourselves to the active, sophisticated day trader. We're focusing on this target audience
[14:18] {Question} {jrmagco} Why is the company being so evasive and not answering questions
[14:18] {Charles_Vaccaro} We are answering questions, which is why we're having meeting like this, to be accessible to our investors and the general public
[14:18] {Question} {Life2Short} when are PABN's "financials" going to be released? I am not referring to the proforma that was already released
[14:18] {Question} {yes} Pls. update us on Digi Bill and status on entering Nasdaq
[14:19] {Charles_Vaccaro} We can not comment on Digibill in this forum
[14:19] {BillB} Once again questions about financials will be answered in the next mtg
[14:19] {Question} {strongbuy} - Mr. Vaccaro, are there 16 or 32 stations set up at IT?
[14:19] {BillB} please focus on Insider Trading questions ONLY
[14:19] {Question} {gts} how many insider sites in how many cities to you expect by the end of 2001
[14:19] {Charles_Vaccaro} There are 32 stations in Garden City, 20 in Boca Raton, with expansion capability to 34
[14:20] {Charles_Vaccaro} This depends on the success of our franchise operation
[14:20] {Question} {Rey} Question: What differentiates IT from other companies
[14:21] {Charles_Vaccaro} Again, we focus on active day traders. We are focusing on creating a branded, professional environment for this target
[14:21] {Question} {compuact} When can we expect a formal press release on the internet use of Insider Trading?
[14:21] {BillB} please read the transcript
[14:21] {Charles_Vaccaro} In the near future- sorry we can't be more specific
[14:22] {Question} {ironman} will online trading be enhanced????
[14:23] {Charles_Vaccaro} We are fully functional with online trading- and it will be enhanced as technology allows us
[14:23] {Question} {HevyTrader} how many clients do you have now and how much do you see that number growing in the next year
[14:24] {Charles_Vaccaro} We do not want to answer this question- we don't want to give our competitiors any information about our services
[14:24] {Question} {roger_35768} any plans to spin-off insider trading
[14:24] {Charles_Vaccaro} Not at this present time
[14:24] {Question} {troy77} How will IT benefit the stock holders short term and long term?
[14:25] {Charles_Vaccaro} The value of IT contributes to the value of the corporation
[14:25] {Question} What are the average number of trades per day for all of IT?
[14:25] {Charles_Vaccaro} The average # of trades is 20 per person per day
[14:25] {Question} {wegrew} if I wanted to open my own IT office, how would I go about?
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