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Non-Tech : Marchex, Inc.
MCHX 1.689-1.8%Dec 23 3:59 PM EST
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To: Glenn Petersen who wrote (152)2/22/2009 2:59:50 PM
From: Sr K   of 159
 
in this case where the conv pfd have been fully redeemed, they shouldn't count going forward.

Accounting rules require the weighted average or average shares outs for the period(s), so some of those conversions that can't happen anymore are still affecting the denominator.
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