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To: John Powell who wrote (363)	2/12/2001 10:51:52 AM
From: John Powell	Respond to of 11802

Should also follow that up with this one since it is relevant to the last post. I stand corrected. For some reason I remembered hearing that 2000 number when the deal was announced last year and this number was also mentioned to me by someone at CPT. However according to the April 17th 2000 news release I just found and posted Cybercorp had over 4000 customers when the offer was made and at the time they were a relatively new firm. It is hard to find the current number of clients but according to the quote I just found in Online Trading: More Power to the Investor dated August 28, 2000 “Cybercorp has a mere 6,500 customers – but that's triple the number it had nine months ago.” I also found a quote that active trading is up 25% in the last 3 months so I would expect the numbers to be a lot larger now. And don't forget this is just for the US market. So Cybercorp has tripled their numbers in nine months and were only catering to a US audience and couldn’t run the software on low bandwidth connections which is what 99.99% of the world presently has. I am not saying SEG will run out and sign up 4000 clients or even 1000 clients overnight but this sure doesn’t seem like a unrealistic number when you look at the big picture. You probably also saw the quote in the news release I posted that: For example, CyberCorp's customers average between eight and 10 trades a day at a commission of between $14.95 and $19.95 a trade. So I think my 10 tickets a day and $ estimate was fairly close to the mark.

To: John Powell who wrote (363)	2/12/2001 11:27:24 AM
From: John Powell	Read Replies (1) \| Respond to of 11802

Opps... the first two posts were supposed to go on the CPT site and not this site. My apologizes for the out of lines posts. Also forgot to mention that CPT has approximately $7 million in cash with no debt. John

To: John Powell who wrote (363)	2/12/2001 1:53:15 PM
From: marcos	Read Replies (1) \| Respond to of 11802

John, since cpt is my pick and since i have been known to tout it shamelessly, i feel a certain responsibility to point out that this statement - 'SEG is walking in with the software ...' - has not been clearly and openly proven to the world ... the question nags at me - 'What software?' ... yes i tend to believe them capable of producing something and yes i tend to believe they actually have software more or less ready, but we do not see it. The thing remains my largest position and i agree the paper games look like real fun, however it is imho a show-me world now, they'll have a lot more success selling tacos if they let the people see and smell the meat ... telling stories of out-of-sight cows in menu revisions won't do the trick imho.