Cistron Biotechnology(CIST)$.30 Message Board

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Biotech / Medical : Cistron Biotechnology(CIST)$.30

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To: Steve Harmon who wrote (1753)	12/2/1998 2:53:00 PM
From: Dr. John M. de Castro	Read Replies (3) of 2742

The mystery of the decreasing outstanding shares resolved. I looked into this and discovered that the apparent decrease in the shares outstanding resulted from the fact that the 6/30 10K used the weighted average shares outstanding over the entire fiscal year. Since CIST bought back about 4 million shares during the year, the average number was higher than the actual number of shares outstanding as of 6/30. As it turns out, there has been no change in the number of shares outstanding since Q2 of the last fiscal year. Sorry I brought up this non issue. John de C

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