C-Cube Message Board - Msg: 5674832

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Technology Stocks : C-Cube

CUBE 37.08

+0.4%

Dec 2 3:59 PM EST

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To: DiViT who wrote (35715)	9/4/1998 3:56:00 PM
From: John Rieman	Read Replies (1) of 50808

The bonds have been a double hit to C-Cube, since Hagedorn included them in the share count, and showed them as a debt on the balance sheet. I think that by the end of this Q, the bonds will all be gone. 41.5M - 3M shares would be about 38.5M shares. Accounting rules require reporting the average shares outstanding for each Q. If the Q started at 40.8M(and it did), and ended at 38.5M, reported shares for Q3 should be about 39.7M shares, or over 4% less than Q2. In Q4, if we don't add any in the money options, the share count will be 38.5M. In the money options should be a few less, but I don't think it is significant. At $.25 per share, a 4% decrease in share count adds $.01 per share.

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