SOLOMON-PAGE SYMBOL -SOLP- Message Board

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Non-Tech : SOLOMON-PAGE SYMBOL -SOLP-

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To: DALTS who wrote (81)	8/6/1997 2:48:00 PM
From: Bill Driscoll	of 295

Apparently SOLP adopted the new FASB regs concerning EPS calculations with regard to options/warrants in the 3rd quarter. While I suppose this is proper, it clearly masks the underlying growth in profitability, since there are 3 million warrants out there with higher conversion prices than the current $3 price. If SOLP management is sensitive to this issue, perhaps they should consider lowering the conversion price of he warrants to encourage conversion, raise some capital and actually get something from the requirement to show fully diluted EPS because this higher number of shares is just killing EPS growth and the potential upward movement in the stock. On a primary basis, EPS was $0.09 vs $0.07 LY even with the higher tax rate.

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