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Technology Stocks : Sapiens International Corporation (SPNSF): Turn around...?

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To: chuckj who wrote (662)10/31/1997 3:28:00 PM
From: feltburner  Read Replies (2) of 1936
 
Chuckj: The shares outstanding will actually be increasing substantially to 19mm in the 4th qtr. with conversion of preferred shs. The elimination of the dividend payments and the non-cash amortization of the discount to mkt. given to preferred shareholders at time of issuance more than offsets the dilution to eps from greater # of shs. This is why the fully diluted number is greater. It is also a big plus in that we are getting closer to an easily understood capitalization structure which will allow some bigger brokerage firms to pick up coverage.
-Felt Burner
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