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To: rupert1 who wrote (2501)7/17/2000 9:13:09 AM
From: Carl R.  Read Replies (1) | Respond to of 2908
 
Victor, regarding the number of shares outstanding, the number used is an average for the quarter. Thus if 3 million shares are issued 1 month into the quarter the average for the quarter will rise by 2 million shares (1/3*0 + 2/3*3). The following quarter the share count will reflect the full 3 million shares.

Carl