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Microcap & Penny Stocks : KWIN Kenwick Industries
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To: Little Engine who wrote (118)4/29/1999 9:11:00 PM
From: Brad  Read Replies (1) of 264
 
Little Engine, Please explain to me how "pooling of interests" works.

And is it required that a company specify in their press releases when they are using a "pooling of interests basis" for calculations?

Also, if "pooling of interests" was used, does that mean that a company cannot include those earnings when calculating "Pre-tax earnings per share?"

You said...
"Besides, it obviously doesn't apply here. If it had, the acquisition costs would have been written off during fiscal year 1998, which they clearly did not report in their Feb. 23 PR."

Do you recall the acquisition cost for AutoMax and AutoMax Finance? I think a PR said they gave 1 million shares for these. Do you remember that? Is that the "acquisition cost?" And would those 1 million shares be accounted for in the earnings per share calculation?

Please sort this out for me. Thanks.
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