"Call counts for the Company’s TeleBlock service decreased by approximately 36% or 50.3 million call counts."
Which means that , for comparable 3-month periods ;
copi had 139,700,000 call counts in 2008Q1 ,
and had 89,400,000 call counts in 2009Q1 ,
which is 357,600,000 call counts PER YEAR .
At that yearly rate , it would take
16.8 YEARS TO SELL 6 BILLION CALL COUNTS ;
THUS , PROVING THAT THE 6 BILLION 'call counts'
THAT copi 'execs' CLAIMED A YEAR AGO ,
WAS NOTHING BUT IN-HOUSE TEST RUNS ,
causing massive cash to run out-house.
Maybe cargo can finally explain what he thought was
meant by the '6 billion' ; now that we Finally know
how few 'call-counts' produce any revenue for copi.
Also from the 2009Q1 :
" Revenues for the three months ended March 31, 2009
were $312,132 ... " ; which was for 89,400,000 calls.
So, VeriSign only gets $0.0035 per call , and keeps 50% ,
leaving copi only $0.00175 per call ; which is the Only
'revenue' copi gets [except for selling new common shares] ,
to cover All copi expenses + salaries + loan interest +
car leases + etc's.
But, here is the most revealing part of the 2009Q1 :
" Continuous net losses incurred over the last six fiscal years raise substantial doubt about the Company’s ability to continue as a going concern. Such continuation is dependent upon the Company’s ability to obtain additional financing, increase revenues, control costs and operate profitably. To this end, the Company has retained an investment banking firm to explore acquisition opportunities that may diversify the Company’s existing range of services, as well as to assist the Company in obtaining additional financing as required. There is no assurance that the Company will be successful in attaining these objectives or that attaining such objectives will result in operating profits, positive cash flows or an overall improvement in the Company’s financial position in future periods. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. "
In addition , there is always the battle of "Moore's Law"
versus copi ; which the copi Accountants recognize , because
they only 'value' copi's "Patents, net" at $19,910 [lol].
THAT'S LESS THAN 1 YEAR'S-WORTH OF CAR-LEASE PAYMENTS ,
ON ONLY 1 [of many] CARS THAT copi GIVES TO ITS 'execs'.
Finally , there is the ATT Big Deal. Which is no big deal.
It's just 'cannibalization' of a few old customers , who
previously paid directly to VeriSign. So, now they must pay
moore, to give an additional profit to ATT , on top of the
old [and continuing] profit to VeriSign. And, we can already
see the effects of ATT soaking up old non-VeriSign customers
of copi [that were probably more profitable to copi].
Here's that 'implication' , as mentioned in the 2009Q1 10-Q :
" At March 31, 2009, one distributor comprised approximately 95.9% of the Company’s trade receivables. This distributor comprised 84.9% and 86.0% of the Company’s revenues for the three-month periods ended March 31, 2009 and 2008, respectively. "
If ATT keeps 'succeeding' in rounding-up old copi customers ,
[and adding ATT costs + profits] , it can only be at the
Direct + Immediate Expense to copi.
We challenge any copi fan , to find any 'good news' in copi's
new 10-Q for 2009Q1 ; or for Q2 , if there is a 10-Q for Q2.
extra , Sincerely .
P.S. ; We only skimmed the important parts [~20%] of copi's
new 10-Q , for ~15 minutes , before learning enough Facts.
Especially , and finally , for the first time ever , exactly
how Few 'call-counts' produce any copi revenue , and how
little ever gets to copi per call , and how it keeps obeying
"Moore's Law" .
We may skim a little moore of the 10-Q ,
when/if any copi fan can try to spin out
any hidden copi new 10-Q TeleNuggets ,
for us to Block+Tackle , shortly+daily.
