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oldblue

05/19/01 9:41 AM

#1870 RE: Georgia Bard #1868

Gary: Post #1866, Paragraph or sentence 2 is a personal attack on You and should be deleted. Regards,
Frank

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Bixmann

05/19/01 1:15 PM

#1877 RE: Georgia Bard #1868

Gary,

What possible motif do you have by avoiding my question? This does little to prevserve your self proclaimed status as a "consistant" moderator.

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.


The Question is: What percentate of the total decline in revenues was allocated to "core" vs "non-core" revenue for both 4Q of 2000 and 1q of 2001?

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 this is mistake on your part. A revenue is calulated in the quarter that it was generated and not subsequent quarters in which it was collected. To count in both instances is just plain wrong. A/Rs are an asset. Revenues are essentially sales. This, I attribute to poor attention to detail probably a result of lack of sleep.


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.

Again Gary. Read my post you will see I said,

Just so we are discussing the same method of analysis. I have these questions regardless of what varibles are locked. Flatter me if you dont mind.

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..


At the risk of sounding redundant, I fear you have missed the point: If you want me to do the math,I have these questions regardless of what varibles are locked. Without them, it is irresponsible to suggest revenues will do anything but decline in the future. This ought not be such an effort for your to understand. You show tremendous intelligence when trying to make a point but completely ignore my comments and questions. What gives?

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 yourinvestment) this is directly from the filings No pooling of interest taking into account.

I disagree on both points. Not only did I indicate the variables that would be a better alternative, I explained why. Cash Flow is a perfectly acceptable way to analyze a company's performance. You have completely ignored this method. It is one of the major variables used by banks and other creditors when determining credit. They look at cash flow to access risk, interest rates, and approve credit. APRR, ARRR, and ALRR is a poor method, and in my oppinion, a self invented method of analysis. Annual Percentage Rate is a term that applies to credit cards and not stocks. I tried to look up the term Annual Revenue Run Rate on the net and it is not listed on any of the search engines nor is it in the encyclopedia. Cash Flow however, is. Secondly, all variables are adjustable with Quarterly reports.


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 the filings as an underlying basis.

Again, at the risk of sounding redundant, I fear you have missed the point: If you want me to do the math,I have these questions regardless of what varibles are locked. We can not assume the answer to be a positive one simply becuase "Gary Said So." However, since you know the answers:

What revenues were generated from core product lines in Q4 2000?

What revenues were generated from core product lines in Q1 2000?

If they increased, I agree Bart is doing a good job. If not, I may still think he is doing a good job depending on how much core business declined.

Regardless, I asked for the numbers, and said you knew it the 50% reduction applies only to non-core or "discontinued operations." What are the numbers?