Cematrix Corporation V.CVX

IT’S ALIVE!

[vinmick]

New contracts.  Nothing huge but at least they are still in business.

[kingscorpion]

So if these $4.1 mil , are new contracts and originally total contracts were $86 mil now $82 mil therefore the Q1 looks to be about $8 mil Bush I have not spoken to Ken and have not received email from him yet. But the strange thing is the email he sent me about a week ago or so is also gone and is not in either my junk or deleted box and I never delete company emails. I wonder if he (Ken) pulled

[kingscorpion]

So if Q1 of this year turns out to be $8 mil and Q1 also is their slowest Q then by definition at the LEAST for the year CVX can have a revenue of $32 mil but we have bigger contracts that CVX will be starting this year. So CVX seems to be on more solid footing so far.

[tony08]

[/quote Correct me if I'm wrong, but if I follow your reasoning, you take into account the announcement of $4.6M made on December 16, 2021 and you add it with this new announcement of $4.1M..... So that would give a total of $8.7M.....Almost double Q1 2021, which would be very good, but the question I have is: will this new $4.1M contract be counted in Q1 2022 revenue? P.S....Don't

[Capharnaum]

I think the calc is this one: If at the time of the Dec 16 2021 the backlog was $86.1M and they had done no work since then, adding this new contract would increase backlog to $90.2M. Since the backlog including this new contract is at $82.1M, this means they have done work for $8.1M between Dec 16th and Apr 6th.

[kingscorpion]

The way i calculated is basically original contracts at hand which was $86 mil plus the $4.1 mil new contracts which takes the whole thing to $90 mil minus the current contracts which is $82 equals $8 mil give or take 100 k

[kingscorpion]

So if this Q1 $8. mil turns out to be true ot would mean CVX is back in the game and practically a double compared to last year's Q1 revenue Now the labour cost is fixed at I believe $5mil per quarter If they manage to do 30% net revenue then 900k / 132 ?mil = .01 rounded off If they do 35% then 1000050/ 132 mil = .01c Good news is that they are/ will be cash flow positive

[tony08]

[/quote Thanks guys, that makes sense.....encouraging for the rest of the year. I feel that we will finally be rewarded sooner than later. Can't beleive it's gonna stay at these level...