Replies to post #1867 on CBQ, Inc. (China Business Quotient) (fka CBQI)

[Georgia Bard]

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 
 
                            

[Da !]

Bix, the following quote from your post is the clearest demonstration to date of your confusion:

"Once again, you were the one who began the discussion about this subject. To project an accurate ARRR for 2001, a reasonable person will account for potential growth or decline in revenues (each quarter). If the orginal revenue projection was $ 27 million before revs decreased by 50% then it is reasonable to adjust your ARRR in line with the current Quarterly report."

You don't project ARRR. PERIOD. End of story. That's where your confusion comes in. The ARRR exists. It is last year's revenue. The $27 million comes from the addition of the Quantum, CBQ, Technet, Networkland, and EasySoft revenues in 2000. Once you have that total, the ARRR is fixed. Period. End of story.

You get confused because you mix up ARRR with 2001 projected revenue. Apples and oranges, Bix.

You can use the ARRR for 2000 to help you project revenues for 2001. But you don't change the year 2000 ARRR.

So let's project revenue for 2001, shall we. If the ARRR for the entities that now make up CBQ was $27 million in 2000, and we want to adjust that based on first quarter results, then we could be conservative and just subtract one-fourth of the non-Quantum ARRR (because we didn't own them in 1Q) and divide the resulting figure in half. The 2000 ARRR figure for the non-Quantum entities is $15 million. One-fourth of that is $3.75 million. Subtracting that gives a base of $23.25 million. Dividing that in half gives us a conservative 2001 revenue projection of $11.625 million.

Of course, the reason this is conservative is because we don't have any first quarter 2001 revenue performance numbers for Technet, Networkland, and EasySoft. We don't know if it is realistic to project a 50% decline in their revenues. Until we get the 2Q filing, though, I'm willing to use the conservative figure. So for the next three months, barring other developments (acquisitions, announcements of big new contracts, etc.) let's have a working assumption that the projected revenue for 2001 is $11.625 million.

But let's not mix that up with ARRR, please.

[zeptepi]

Bix.....and I quote: "That is 100% verifiable fact. Read my posts."

It would appear that you suffer from the delusion that your words are ALWAYS FACT. They are just words, Bix.

Your state of immaturity is both astounding and tragic!

Listen very carefully, child. You cannot get free or cheap shares from the company. They do not wish to play "Pretend I am an investor". Start the painful climb toward adulthood by trying to be supportive of the company and its goals.

Who knows? In a few months you may even be able to put away your potty trainer!

Tom