SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : TSIS: WHAT IS GOING ON?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: John S. Baker who wrote (4168)10/14/1998 1:15:00 PM
From: jmt  Read Replies (1) of 6931
 
John:

Thanks for the information. I m a bit familiar with the accounting treatment of stock options used in calculating EPS under US GAAP. The process was simplified by FASB last year, but I have never seen any reference to Black-Scholes. You must be reffering to companies who issue options which are not registered or traded on any exchange. That would be the only reason to use Black-Scholes in lieu of market value.

That then begs the question...Are you aware of any potentially dillutive options which are issued to employees today? Any approval of the directors to grant these options should be public knowledge.

If these options exist, it would put a damper on any announced share buyback, as this could be used not to reduce shares, but to minimize further dillution from the exercise of options.

I asked if this procedure of providing this conversion information in the Notes would be required if the company were to file to become fully reporting in the US, and he replied emphatically in the affirmative

It is absolutely necessary to file in accordance with US GAAP. The point of the filing is to provide the ability for comparison of all similar companies in similar industries, without having to resort to notes to determine differences. IMO there is no way the SEC will accept anything other than US GAAP financials, even with adjustments in the notes. The question is can a Canadian auditor certify under US GAAP. Nasdaq acceptance is immaterial when filing to become fully reporting to the SEC.

jmt
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News