Misonix Inc. (MSON) Message Board

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Biotech / Medical : Misonix Inc. (MSON)

MSON 26.54

0.0%

Nov 22 4:00 PM EST

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To: Candle stick who wrote (521)	10/31/1997 2:10:00 PM
From: Wesley0428	of 947

Various The stock was/is down because Q1 earnings were lower than previous estimates. That generally has that effect on stocks. There were no significant new shares this Q. Perhaps people are confused, comparing the FY'97 number to the Q1 number. The number reported is "average shares outstanding". Many new shares were created in Q2 of last year (due to warrant exercise and issuance of "in the money" options). Hence the "avg" outstanding for the year was much less than the actual outstanding at the end of Q4. The shares outstanding for Q1 were within 20K shares of what I had expected, no surprise and no big increase. Yesterday's conference call is available on replay. 703-925-2417, ID # 637158

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