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I think the following data is what is going to make for their success
ultimately. There will always be insider trades where someone exits.
Company's 2001 Year-End Cash and Cash Equivalents Are $20 Million
TradeStation Group had cash and cash equivalents of $20.0 million at
December 31, 2001, as compared to $18.4 million at December 31, 2000,
approximately $3.6 million of which is currently restricted. At December 31,
2001, the company had no borrowings other than $1.4 million of capital lease
obligations.
"We expect to have sufficient cash resources to complete the planned
phase-out of our legacy software business and become a profitable
direct-access online brokerage," said David Fleischman, Chief Financial
Officer of TradeStation Group.
TradeStation 6 Platform Attracts Significant Number of New Brokerage Clients
At the end of the 2001 fourth quarter, the company had 2,127 funded
TradeStation 6 equities and futures accounts, a 154% increase over the 836
accounts the company had at the end of the 2001 third quarter, and the
company experienced the following 2001 fourth quarter daily trading results
with respect to TradeStation 6 platform equities accounts:
Trading Statistics Q4 01 Q3 01 % Increase
------------------ ----- ----- ----------
Average daily trade revenue $50,427 $20,486 146%
Average daily revenue trades 2,177 684 218%
Average daily share volume 2,590,000 873,000 197%
"In spite of the continuation of a bear market and perhaps the worst growth
statistics ever experienced by the online brokerage industry, we grew our
new TradeStation 6 client base significantly in the 2001 fourth quarter,"
said Bill Cruz, Co-Chairman and Co-CEO of TradeStation Group. "This growth,
in these times, shows the immense drawing power and value of TradeStation 6
to the active trader market."
TradeStation 6 Platform Customer Account Metrics Among the Best in the
Industry
Brokerage clients using the TradeStation 6 platform generated the following
customer account metrics in the 2001 fourth quarter:
Customer Account Metrics
------------------------
Annualized average revenue per account $11,031
Annualized trades per account 476
Average assets per account $91,262
Jim Bronke
Phoenix, AZ
----- Original Message -----
From: "The Funkhousers" <funkhouser@xxxxxxxx>
To: "Jim Bronke" <jvbronke@xxxxxxx>
Cc: <TFutures@xxxxxxx>; <omega-list@xxxxxxxxxx>
Sent: Wednesday, March 27, 2002 7:44 AM
Subject: Re: TRAD Stock Slides further
: They may survive, but I'd suggest tht you read their latest SEC filings at
the
: Edgar site.
:
: Richard Funkhouser
:
: Jim Bronke wrote:
:
: > I've already traded over 120 times with them this month and I feel that
the
: > service is good. They are showing increased sales due to their new
customer
: > base and I know of others who are signing up with them. It will just
take
: > some time for it to show some consistency and profitability. I believe
that
: > they have to be below $1 for six months to get delisted.
: >
: > Jim Bronke
: > Phoenix, AZ
: >
: > ----- Original Message -----
: > From: <TFutures@xxxxxxx>
: > To: <omega-list@xxxxxxxxxx>
: > Sent: Tuesday, March 26, 2002 5:31 PM
: > Subject: TRAD Stock Slides further
: >
: > : TradeStation group stock looks ready to slide under the $1 mark and
get
: > : delisted. Looks like the #$%^'em and forget em approach is not
working.
: > :
: > : I've spoken to people whom I think are very much in the know and they
: > think
: > : the TradeStation strategy of going to brokerage is gonna kill em. So
far
: > it
: > : looks like there right.
: > :
:
:
:
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