Okay, Jin, here you go.
FAMH EPS of $.1085 based on 20 million shares, in raw figures, they claim earnings were $2.17 million.
They currently say they have 40 million shares....as I recall, they used to say 42 million, and I believe that is the true figure, per the following FAMH press release:
<<<<NEW YORK, Feb. 26 /PRNewswire/ -- Firamada, Inc.
(OTC Bulletin Board: FAMH) today announced its Board of Directors has unanimously authorized corporate management to initiate a buy-back of up to 4 Million shares of common stock through a Repurchase Program.
This buy-back of the Company's common stock would reduce the public float, and would equal nearly 10% of the total outstanding shares.>>>>
Nearly? 4 million out of 40 million would be exactly 10 percent. Sounds like it is still 42 million, according to FAMH.
So, divide 42 million by 4 in the 4:1 swap, leaving you 10.5 million shares. Add about 1.5 million shares from ATXI. So the new company has 11 million shares. I'll be nice and not even consider the warrants they are supposed to issue.
Earnings of $2.17 million divided by 11 million shares leaves you 19.7 cents per share.
So I rounded up to 20 cents. Forgive me. I don't consider simple math to be misleading. And that is assuming that Ira has not exaggerated the earnings. Big assumption.
I'll take on Brad's bogus claims of FAMH gaining $4 million for ATXI assets some other time.
You think this is your average company? LOL |
