More Meet the Management Questions and Answers 7/20/99 4:43pm 8/2/99
Additional questions asked at 7/20/99 Meet the Management online meeting with Charles Vaccaro
There were many questions asked during 7/20 PABN Meet the Mgmt. Meeting with C. Vaccaro that did not make it into the public forum. As a courtesy to our shareholders and other interested parties, answers to these questions can be found below. Questions are organized alphabetically according to participants' nicknames used in the meeting.
[14:14] [acid]: are the sites making money?
[14:28] [Charles_Vaccaro]: That information will be available in the audited financial statement
[14:41] [acid]: will there be more than one IT in a larger market area?
[14:47] [Charles_Vaccaro]: Yes, as need be
[14:34] [AL]: When do you expect DEAO to be up and running to promote all services of PABN
The Deao.com web site is currently in development. Deao Internet Services is adding DSL services, which will also support all divisions of PABN.
[14:14] [allrich]: How does IT plan on advertising to public ?
[14:29] [Charles_Vaccaro]: IT will use a multimedia mix of Internet, Print and appropriate Broadcast vehicles. Marketing will focus on our free seminars and our open houses with an ad campaign approx. 2 weeks prior to the event
[13:18] [Apollo]: I have a question to be put into the queue: Can you tell us more about your collaboration with PC Quote, has the effort yielded any revenues yet at this stage? If not, when do you expect to see any returns from this alliance?
[14:45] [Charles_Vaccaro]: We are presently working very closely with PC Quote to enhance the system and make it more user friendly
[13:56] [Apollo]: Question for Mr. Vaccaro: Can you tell us more about your collaboration with PC Quote, has the effort yielded any revenues yet? If not, when do you expect to see any returns from this alliance? Thank you.
[14:45] [Charles_Vaccaro]: We are presently working very closely with PC Quote to enhance the system and make it more user friendly
[14:03] [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
[14:37] [Apollo]: (Apollo) What more can you tell us about your collaborative effort with PCQuote, than what is posted on your site?
[14:45] [Charles_Vaccaro]: We are presently working very closely with PC Quote to enhance the system and make it more user friendly
[13:56] [barbs]: Are you applied to be listed in all states as yet?
[14:31] [Charles_Vaccaro]: The broker dealer has applied for licensing and it is expected in the next 30 days
[14:21] [barbs]: Are there still plans to open IT in Vegas? If so do you have a date?
[14:33] [Charles_Vaccaro]: Las Vegas is one of the markets that are under serious consideration
[14:46] [bernie724]: Does IT encourage Daytrading of PABN? (That is an IT question?)
[14:48] [Charles_Vaccaro]: Currently, you can not trade BB stocks with IT
[14:17] [billboy]: Sir, do you expect to see PABN fully listed on the Nasdaq this year?
It has always been the intent of PABN to leave the OTC:BB and become listed on a different exchange, such as NASDAQ.
[14:20] [billboy]: When IT be available in Texas?
[14:31] [Charles_Vaccaro]: The broker dealer has applied for licensing and it is expected in the next 30 days
[13:58] [BobR]: - Just wish to voice my displeasure with promises made last meeting to be addressed at next meeting. This does not demonstrate the quality of management that I believed existed in this company.
We are sorry you feel that way. The PABN Management team strives to be as professional, business-like and available to shareholders as possible.
[14:19] [BobR]: - Why have comitments made by company not been met or at least a statement been made to allow shareholders to understand?
We do not know what commitments to which you are referring.
[14:41] [BobR]: - Will a statement be forthcoming to address the incorrect information and timeframes provided in the last "Meet the Management meeting? Within next 3 days?
We do not know what incorrect information and timeframes you are talking about.
[14:14] [boomx2]: Can you give us the number of clients/customers using IT?
[14:28] [Charles_Vaccaro]: We do not feel it is in our best interest to provide our competition with information about our trading volume.
[14:18] [Briar]: How many investors have been signed up by IT so far?
We do not feel it is in our best interest to provide our competition with information about our trading volume
[14:28] [Briar]: You can't answer a stockholders question about how many clients you (we) have? How would this information help your competitors?
We feel this information is proprietary and to provide it would be detrimental to our positioning and competitive advantage in the marketplace.
[14:39] [Briar]: How do you rate the responses to your TV commercials?
[14:47] [Charles_Vaccaro]: Response to our TV commercials have been great- our seminars are standing room only.
[14:44] [bronc]: Question for Bill Black, Do you honestly feel this Company answers questions head on with out sliding off of them ?
Yes, I honestly do, if the questions are not asking for proprietary or confidential information, and if the questions are focused on today's topic.
[14:29] [Chasbo]: Is IT expected to be the most lucrative of PABN's divisions?
[14:42] [Charles_Vaccaro]: We anticipate positive growth in all of PABNs divisions
[14:05] [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
[14:18] [compuact]: How many employees in Insider Trading?
Insider Trading has 8 full time employees.
[13:53] [Coop]: Is the net amount from each transaction still around $11 per transaction?
I'm sorry, we can't provide this information. By informing our competitors of our market share and profits we can and would be aiding them in their marketing techniques.
[13:55] [Coop]: How many transactions per month have been completed in the last 6 months?
Our traders are averaging 20 trades per day.
[14:04] [Coop]: What are the average number of trades per day for all of IT?
Our traders are averaging 20 trades per day.
[14:42] [Coop]: Is the "net" from each trade still around $11?
I'm sorry, we can not answer this question. By informing our competitors of our our "net" we can and would be aiding them in their marketing techniques, and providing them with a distinct competitive advantage.
[14:16] [curiosity]: Does pabn have any present problem with overall capitalization?
We can not answer this. You will have to ask Ken Christian this question in the next meeting on August 24.
[14:18] [curiosity]: WHY can PABN, here and now, tell us what the delay is in filing proper financials?
Once again, you will have to ask Ken Christian in the next meeting.
[14:19] [curiosity]: Is there ANY reason that PABN can offer for NOT filing properly audited financials and/or for NOT telling us what the problem is?
Please ask Ken Christian in the next meeting.
{14:22] [curiosity]: In asking about PABN's refusal to file financials or to EXPLAIN itself, we ARE asking about IT. WHY NOT JUST answer the questions, here and now?
Please ask Ken Christian in the next meeting.
[14:27] [curiosity]: Even in this "forum" PABN continues to just duck away. WHY? ANSWER THE REAL QUESTIONS. HERE and NOW.
Please ask Ken Christian in the next meeting.
[14:31] [curiosity]: "That information will be available in the audited financial statement," you say. GREAT. When can we expect that? Really, this time?
[14:36] [BillB]: Once again, ask Ken Christian in the next meeting.
[14:37] [curiosity]: Asking Ken at the next "meeting" is not going to get us the much delayed answer NOW. Why cannot YOU just TELL us?
This forum is for Insider Trading only.
[14:10] [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.
[14:15] [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.
[14:17] [djthiel]: Gold Country is similar to a U.S. Clearing corp?
No, it is not.
[14:24] [djthiel]: Mr. Vaccaro, Can you explain if/how/when IT will target potential customers from outside your physical locations? i.e. trading from home?
[14:37] [Charles_Vaccaro]: Online trading is currently available where the broker dealer is licensed. Check the IT web site for the updated list.
[14:31] [dvwilliams]: Will you comment on IT expansion over seas, particularly into Asia...
[14:42] [Charles_Vaccaro]: We are looking to expand IT into all overseas markets, including Asia.
[14:41] [dvwilliams]: What is the number of users per location needed to cover expenses per stoer?
I'm sorry, we can't answer this question. By informing our competitors of our costs we would be aiding them in their marketing techniques, to the detriment of Insider Trading.
[14:04] [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.
[14:44] [Fred]: Why should an investor trade at of the two established offices when trades can be made at home over the computer?
An investor might want to trade at one of the established day trading offices instead of online to experience the dynamic energy and group camaraderie of the trading floor.
[14:12] [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
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