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Non-Tech : GRIN (Grand Toys International Inc) -- Ignore unavailable to you. Want to Upgrade?

To: KS who wrote (427)	11/8/1999 5:39:00 PM
From: Harpo	Read Replies (2) \| Respond to of 495

<<Earnings per share for the quarter were $0.30 per basic share.... based on a weighted average of 2,248,800 common shares.... Common shares outstanding reached 3,069,391 at the end of the third quarter due to the exercise of options and warrants>> Interestingly, if one calculates per share earnings based on the number of outstanding at the end of the quarter vs. the average number of shares, then earnings for the third quarter would only be $0.22 per share vs. $0.27 per share for 3Q98. Illustrates the ill effects of dilution. regards, harpo