Most think the 4q is the one to show revs from Punch. SHOULD be 3-4 months worth of revs, BUT, my questions center around when should revs be expected? How long does it take for the ad $$ to come in?

Is ICPA paid monthly/quarterly/yearly? If they are paid quarterly then those ad $$ wouldn't come in till Jan-Feb, so the 4q won't be great? It would help if he would explain the timing of revs and how that process works.

I'm confident cause I can see Punch and the ads.

The other question that hasn't been answered is about the CV airport deal. How is that progressing? Been awfully quiet on that one.

He comments on other stuff but to me the meat and potatoes is Punch revs and CV.