Oh Please ... OK Bix lets try it this way. ARRR is 27M (12M Quantum & 15 recent acquisitions)
which is the revenues for 2000 and since it is last year it is not adjustable. You then take the
APRR or ALRR and use it as the second variable that is know because it is a know variable.
Since we do not yet have the 15M APRR or ALRR we cannot evaluate that portion of the APRR and won’t
until the second quarter so to get that information we have to wait for SOCT to report to the
SEC for the year end and 1st quarter since those will not be on CBQ books.
All we can take is the Quantum APRR and other LOCKED variables, which was 12M and the loss
associated. Also one note the discontinued operations did not just stop in September there
were account receivable and payable that were still on the books when the operations were ended
that carried over to the next quarter. That is why this 1st quarter of 2001 is the only
basis for figuring the evaluation.
Now by having 1.5M this quarter which is only Quantum basically, the revenues for this year on
that known variable is 4 x 1.5M which makes it 6M APRRR (Annual Projected Revenue Run Rate)
another words this years estimate. Since the ARRR is 12m and the APRRR is 6m that is a
reduction in revenues of 50%… However, you do not want to look at the other locked variable.
So if you take the ALPRR (Annual Loss/Profit Run Rate) as per the 10Ks but till then I have
gone pulled the known LOCKED constant variables myself. Look at what Bart got into in Dec 1999
and what he did by 2000. Increased the Annual Revenue
Run Rate from 729K to 12M
counting all four quarters, of which, the 1st quarter did not show up on CBQ’s books no
pooling of interest, but look at the APLRR, and the APRR..
1999 2000 Growth
Revenues 720,925 9,450,315 (3 quarters) 1300% ARRR
Net P/L (412,144) (2,427,035) (580%) APLRR
P/L% (57%) (25.6%) 44% APRR
Now since we are not at the end of 2001 thus these variables (Not adjusted) are what we
can use to estimate 2001 growth and estimate the projected annual run rate. Bart in his
first year brought in 13 times more revenues and cut the loss 44% so the Annual Percent
Run Rate Improved 44 % .
Now we can take the first quarter of 1999, 2000, & 2001 to see if we can any improvement
in the business (Now I typically do not do this because people like to say I stated this
as a fact and all this is, is a way of evaluating your
investment) this is directly
from the filings No pooling of interest taking into account.
1-1999 1-2000 1-2001 1-Yr Growth 2-Yr Growth
Revenues ARRR 18,852 219,916 1,472,491 1166% 669%
Net P?L APLRR (136,569) (2,662,011) ( 86,118) (1959%) ___%
P/L% APRR (724%) (1210%) ( 67%) ( .05%) ___%
There you go … finish the math and feel free to check mine. Maybe you can see why I merely
want you to go on with your variables and calculations that you have so obsessively screamed
foul as you underlying basis that they need to get positive earnings. I apologize they miss
having earnings by 86K. I think it clearly shows what and how effective and efficient Bart
and the company are doing.
Now if you want you can do this across the board on any part in the filings you want. I am not
sure where all that nonsense came from but all you have to do is going reading the filings and do
your math with t he filings as an underlying basis.
CIIR cash and Options
:=) Gary Swancey
AI
