The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: John Gillon - Pointclear - Analyst
: Yes, Martin. Thank you. Could you give us an idea of the launch date of the trading portal? Where this portal available for retail investors?
Question: John Gillon - Pointclear - Analyst
: Asking about the last date of the secondary trading platform. Yes, when will it be available for retail investors?
Question: John Gillon - Pointclear - Analyst
: At the Wainwright Conference, you mentioned it with launch soon. I guess what I'm looking for is ballpark idea. We talked in Q4, are we talking
2025 -- calendar year 2025 just a ballpark idea?
Question: John Gillon - Pointclear - Analyst
: That's not very good. It's really looking for I mean, is it going to be in the next year? Is it going to be two years?
Question: John Gillon - Pointclear - Analyst
: It's been 18 months since it was announced. 18 months ago their best is when it was announced. So just trying to get an idea. I mean, what are we
looking at?
Question: John Gillon - Pointclear - Analyst
: All right, with regard to the companies that are listed on our balance sheet as (inaudible) price that they've had offerings recently, what all of those
securities be available to trade on the secondary trading platform when it opens?
Question: Patrick Rooney - Crosby Capital - Analyst
: Yeah, hi, Martin. On your ATM, will do you intend to do a press release as you partially complete that or only one it's totally complete. That's one.
Second question, what is your monthly [burn rate]?
Question: Patrick Rooney - Crosby Capital - Analyst
: Yeah, the ATM (inaudible) if it gets partially done we do not 2.1 million, but you do $300,000. Would you make a press release [on that]?
Question: Patrick Rooney - Crosby Capital - Analyst
: You will not make an announcement if you're successfully --
Question: Patrick Rooney - Crosby Capital - Analyst
: Okay. And the burn rate I assume. Well, go ahead.
Question: Patrick Rooney - Crosby Capital - Analyst
: I appreciate that. Thanks.
Question: Robert Topping - Topping Capital - Analyst
: Hey, everybody. Sorry for the background noise here on the street, but I probably just kind of extend the two earlier questions in another manner,
but on the operating burn, given all the investment in the APS system, you see that for failing, I mean, when you effectively do a full launch, does
the burn on that go down pretty dramatically? I mean, how much of that $300,000 a month is dedicated towards that?
And then the other question I had and I may circle back with two more, but the other question I had is, on the ATS launch is some of the friction
regulatory? Or is it just the beta group and the technology and I'm working through that?
Question: Robert Topping - Topping Capital - Analyst
: Yes, (inaudible) Sorry about that, and I'll circle back with my other questions here, if somebody else (inaudible)
Question: Robert Topping - Topping Capital - Analyst
: But it seems like from what Coreen said, I think -- I mean $1 million a quarter burn of kind of a fair conservative amount. Is that correct? Because
there's operating and then a lot of other numbers that show up, but I think I just heard $300,000 a month. So if I was just mindset of $1 million a
quarter that would be maybe a good number on the operating burn?
Question: Jon Wheeler - Resurgent Realty - Analyst
: Good morning, ladies and gentlemen. Martin, this question is for you, sir. How are you doing this morning?
Question: Jon Wheeler - Resurgent Realty - Analyst
: So I have a couple of questions. And I think the first question would be at the current stock price. Why is management and the Board of Directors
not really stepping up to buy the shares to support the company at this time. So I'm not going to give you two or three questions at one time, but
if you could answer that question, that's my first question. Can you hear me? Hello.
Question: Jon Wheeler - Resurgent Realty - Analyst
: Yeah, I think you'll -- we've had a bad connection all morning. So can you hear me now?
Question: Jon Wheeler - Resurgent Realty - Analyst
: So the next question is, your publicly traded, and it seems to be at some point in time dealing with reality and the associated public cost to be
publicly traded your $300,000 per month burn rate. When I looked at your last filing that says you have a little over $800,000 cash on hand.
What point in time do you all face reality from the standpoint, maybe it's not best be in a public platform and more so private, maybe more so
associated with some of your peer groups because I feel like every six months there's another warrant to conversion $2 million extreme dilution
and now you put up a ATM with [rain] rate, which will be another dilution, what point in time. Does the treadmill stop from potentially moving
from public to private? That's question two.
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SEPTEMBER 17, 2024 / 3:00PM, NCPL.OQ - Q1 2025 Netcapital Inc Earnings Call
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