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Microcap & Penny Stocks : INTERNATIONAL FIBERCOM, INC. (nasdaq - IFCI)

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To: Eric Ajimine who wrote (2315)10/11/1997 4:15:00 PM
From: xfiles   of 2486
 
<Lets say that we use last quarters earning times 4. last quarter came in at 0.06 per share.>

Apparently some folks still aren't geting the message. Last Q's earnings were NOT 6c. 6c is based on primary shares only. The fully-diluted EPS was 3c (actually, about 2.6c). "Fully-diluted" does not refer to possible dilution due to future acquisitions; it refers to dilution due to outstanding in-the-money options, debentures, etc., that already existed at the time.

Don't take my word for it, look at the 10-Q.

The 25c number is a fiction perpetuated by Oberweis and misleading press releases.

--x
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