Replies to post #1173 on CBQ, Inc. (China Business Quotient) (fka CBQI)

[Bixmann]

Hi ZepTepi,

We had fun Zep. Sorry you didn't make it. Sid came with his daughter, who is very bright with the markets, and Gary came with his wife Elizabeth.

We ate, drank and argued. Gary told me I was ignorant for harping on earnings and I promised Gary I'd calculate the EVA with an adjustment for the burn rate if he gets me the Accounts Payable details from the accountants.

I'm still harping on earnings Zep. Bart can make acquisitions all he wants but if he doesn't get the earnings up, I'm going to sit tight, hope for the best, and conduct trend analysis for cbqi to compare it to INFY on each of the following:

LIQUIDITY RATIOS
ASSET MANAGEMENT RATIOS
DEBT MANAGEMENT RATIOS
PROFITABILITY RATIOS
MARKET VALUE RATIOS
And the DU PONT EQUATION

Then we'll move to BENCHMARKING and compare CBQI to other industry competitors to see where/how it fits in.

To do this, I'll need some help identifying the burn rate(which Gary agreed to provide) so we can honestly project past expenses into the future and get an idea how 2001 will end up. If we do not have positive earnings after calculating the burn, I will attempt to give an honest projection of earnings based on two possible scenarios,.. Status Quoe, and management's current, on-going, aggressive, growth trend.

Cheers,

Bix