No NO NO please go back and look over the filings again Book Value was correctly stated
edgar-online.com
this is November 6 , 1998 filing Remember .50 book value
heres how I figer it out
you take total share holders Equity
TOTAL STOCKHOLDERS' EQUITY $36,458,289
and divide it by the total numbers of shares outstanding at the time.
As of March 31, 1998, 72,905,669 common shares were outstanding
That gives you the .50 a share book value you see today if you do the same with this January's filing you will come up with a .46 book value with the new shares that where issued.
this is from Jan 14 ,1999 Filing
freeedgar.com
Total Shareholder Equity $ 36,764,181
As of September 30, 1998, there were 79,441,839 shares of common stock issued and outstanding.
.46 book value
this is the equation I use to find out how the book values of a company have increased or decreased over the years I hope this helps
David |
