Looking back on the 10Q of Nov. 15th 2010 I see Chartis contributing 50,000 dollars for 3 months end of Sep. to MMRF's balance sheet!! I would think Bob negotiated a 50% split with Chartis and based on 5 dollars a month from the subscribers who paid for those 3 months it comes out to 3,333 actual Chartis subscribers!! 5X3333=$16,665 dollars times 3 months equals $49,999...pretty close to the $50,000 reported!! Now with a 10Q coming up it will be easy to figure out actual Chartis subscribers (based on my assumption of $5)..Although we know the actual subscribers at end of sep(my guesstimate)It will be nice to know how many in Chartis membership we had at end of Sep. 2010 and what percentage signed up to acquire the 3,333 actual subscribers!! I feel that with a guess of 500,000 (including Jan. 2011 addition of 250,000)membership that we will be seeing a fraction of 1/80th because of Chartis 40,000,000 clients!! Now suppose that the 500 thousand generated another $50,000 coming to a total of 100 thousand dollars for end of March 2011!! which gives us only 6,666 actual subscribers!! I really believe 6,666 is a low percentage of 500,000 ..we will see!!
If Chartis keeps "rolling" (they like money too!)then 80 times $100,000 equals 8 million dollars quarterly or 32 million a year for MMRF!! I think Chartis roll out in March internationally is going to blow our socks off!! Chartis recently acquired 100% Japan Maritime insurance Co.(More members!)..Just throwing this up in the air for folks on the board!! Inportant to me and thought might be important to you folks....GLTA....Tiffer..so many avenues of $$ in play!!
