Simply speaking Emory, you're wrong. Read the report.
>>>Well FUD mister here we go again - It can also be caluclated as such: $10.7M/.8 = 13.375million shares. Isn't it possible they were using the number of shares that were outstanding as of the end of last quarter? If they did lose $10.7M and there are 44 million shares outstanding, then the lose is $0.243 per share. IMO you're the one who loves to leave misleading messages.<<<
The press release shows how many shares were used in the calulation and does provide some explanation of the numbers:
"The computation of loss per share for the quarter ended June 30,
1997, includes adjustments which increase the loss applicable to
common stockholders by $0.4 million representing preferred stock
dividends and $24.0 million representing value assigned to warrants
issued in conjunction with the Series 3 and Series 4 Convertible
Preferred Stock, respectively. The computation of loss per share
for the nine months ended June 30, 1997, also includes adjustments
of $1.3 million representing preferred stock dividends, a one-time
adjustment of $5.3 million for the "embedded yield" representing the
discount on the assumed potential conversion of the 7% Cumulative
Convertible Preferred Stock, and $4.9 million representing the value
assigned to warrants issued in conjunction with the Series 1
Convertible Preferred Stock and the Series 2 Cumulative Convertible
Preferred Stock."
Please check it out next time before you say I'm misleading.
Regards - Dale |
