Replies to post #29127 on Seaniemac International Ltd (fka BETS)

[Drugdoctor]

LOL- reaching hard tonight, no? re"Also, if you read the exact words of the copi PR's, it is
obvious that copi DELIBERATELY DID NOT SAY, that they got
any 'revenue' from 3 or 6 billion screened calls, or even
how many might have been 'blocked'."

I think you know what SEC filing this info came from..


Revenues for the nine months ended September , 2007 were $1,348,273 compared to revenues of $1,070,078 for the corresponding period in 2006, an increase of $278,195, or 26.0%. This improvement was driven by the same factors that contributed to the increase in quarterly revenues described above - a revenue increase of $410,146 from VeriSign due to a gain of 160.8 million call counts from the Company’s TeleBlock service. Revenues from VeriSign comprised 84.6%

[Drugdoctor]

re - "or even how many might have been 'blocked'."

Lol, that statement shows us all that you are clueless as to how COPI generates revenue

[Drugdoctor]

re"They only won 34 cases! Must not be trying very hard."

ROFLOL - your posts get funnier and funnier!

[Drugdoctor]

Now how many COPI shares are you buying tomorrow?

[Drugdoctor]

Revenue Recognition

We earn a fee for each telephone solicitor's call attempt (whether or not the call is completed) which generates a query to a data base of Do-Not-Call telephone numbers. We establish the price for this service. Through our principal subsidiary, we have an annually renewable contract with our data base distributor to perform the following functions: (1) provide connectivity to the telephone companies and access database information from the database that we manage, update and maintain, as required to operate the telephone call processing platform. This platform is where the telephone call queries are routed from the telemarketers over various telephone carrier networks; (2) contract with telephone carriers to sell our TeleBlock® service to their end users; (3) provide billing and collection services.

As compensation for these services, we pay the distributor contractually determined amounts on a per query basis. The distributor submits monthly remittances together with the related monthly activity reports. We have a contractual right to audit such reports. Revenue is accrued based upon the remittances and reports submitted. We routinely audit the monthly call counts submitted to us. Any adjustments to revenue resulting from these audits are recorded when earned if significant. Historically, these adjustments have not been significant. In the event that such adjustments do become material in the future, it is possible that, at times, we may have to revise previously reported interim results. The telephone carriers in turn sell the TeleBlock® service to their customers. The carriers bill their customers for TeleBlock® and assume all credit risk with regard to their customers. We have no credit risk with respect to the end-users.

[Drugdoctor]

And, of course, all the info I just posted, yep, ya guessed it, came right out of the I-HUB COPI board... I-BOX!