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: Kal Malhi - Bullrun Capital - Analyst
: Hello. Who is this?
Question: Kal Malhi - Bullrun Capital - Analyst
: Okay. Hey Martin, I'm an investor, and I'm also -- I do a lot of start-ups and we look at crowd funding or what have you. But more so, I'm curious to
see what is your capital structure? I know online, it says you've got a limited number of shares, but you guys trade crazy volumes based on what
you have. Can you kind of provide an update on what that structure is?
Question: Kal Malhi - Bullrun Capital - Analyst
: How many shares are outstanding now?
Question: Kal Malhi - Bullrun Capital - Analyst
: Okay. And then you have a number of warrants or what have you. What are the cheapest warrants that are out there and how many are out?
Question: Kal Malhi - Bullrun Capital - Analyst
: Okay. And what's your net assets right now? I know you have a number of investments in other companies. What would you say your net asset
value is?
Question: Kal Malhi - Bullrun Capital - Analyst
: And what's your cash position and payables or liabilities?
Question: Christopher Sakai - Singular Research - Analyst
: Just really wanted to get a sense and idea of what differentiates Netcapital Securities from other broker-dealers.
Question: Christopher Sakai - Singular Research - Analyst
: Okay. And also, does this new registration for broker-dealer does that provide any revenue visibility? Can you see any revenue streams, new revenue
streams from that? And what -- about how much would that be, do you think?
Question: Christopher Sakai - Singular Research - Analyst
: Do you see any large deals like that coming up?
Question: John Gilliam - Point Clear Strategic Capital LLC - Analyst
: Yes, last quarter, you indicated that you expected the Templum ATS exchange to open up from the beta to a full launch in the quarter ended this
month. And I want to just get an update there if it's still expected to launch in '24.
Question: John Gilliam - Point Clear Strategic Capital LLC - Analyst
: Well, on the prior call, you did mention you thought it would be in the year -- the calendar year ended '24. Are you feeling like that's kind of pushed
into in the past the end of Q3 into Q4?
Question: John Gilliam - Point Clear Strategic Capital LLC - Analyst
: How far out do you think we're looking?
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