WCAP - Winfield Capital: Insider buying Message Board

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Microcap & Penny Stocks : WCAP - Winfield Capital: Insider buying

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To: Scott Bergquist who wrote (762)	4/12/1999 10:27:00 PM
From: Tom Hua	Read Replies (2) of 1305

o if WGAT went to $100/share in the next 90 days, then the value for Winfield Capital would be $9.3 mil or $4/share which they may announce as their "per share profit" for the quarter. Scott, no and no. There are 5.02 million shares outstanding, 5.72 million WCAP shares fully diluted. Earnings/losses are reported based on fully diluted and basic number of shares. If WGAT closes at $100 on 9/30/99, then WCAP will report an unrealized gain attributed to WGAT of ($1.13 minus its cost) per share for the quarter ended 9/30. Nothing will be recorded for the quarter ended 6/30. I'll go into details tomorrow. Right now I have to finish my 1040. You can begin to see why WCAP must report a loss of $1.50 for the quarter just ended. Hint: Check prices of COOL on 12/31/98 and 3/31/99. Regards, Tom

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