BJ's Restaurants Inc. Message Board

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Non-Tech : BJ's Restaurants Inc.

BJRI 35.80

+3.6%

Nov 5 3:59 PM EST

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To: Lhn5 who wrote (727)	7/19/2001 4:28:04 AM
From: Savant	Read Replies (2) of 865

Larry, my previous post included the direct quote from the 10K filing. I will excerpt the pertinent part for you. ======= "if the average closing bid price of the Common Stock equals or exceeds 140% of the IPO price per share ($7.00) for any 20 trading days within a period of 30 consecutive trading days " ======= Now, using logic, you don't make an average out of a one day closing bid. The average would apply to a group of the twenty highest days, which do not need to be consecutive, merely within a thirty trading day group. Hence my example, (although absurd), of one day @ $140.00 and 29 days @ $0.00 would be an average of $7.00 for any twenty out of 30 trading days, in which one of the twenty days would always be that one magnificent day...(that would be any one of 11 subsets of the superset of 30). Hope this helps, Savant

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