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Non-Tech : Littlefield Corporation (LTFD) -- Ignore unavailable to you. Want to Upgrade?

To: Vinnie who wrote (6199)	1/7/1998 1:06:00 AM
From: ted w. kentzel	Respond to of 10368

Vinnie, Adding new shares as well as pooling companies together can be difficult for accountants, not to mention for individual investors to follow. The 2.3 million new shares were added at the very end of the year and therefore will not be used to determine the earnings of the first 3 quarters. In fact, because they were added so late in December, these new shares don't have much additional impact on the number of shares used to compute the 4th Q earnings. I believe the # of shares used in earnings computation for the 4th Q will be 7.4 million. However, the earnings figure for the first Q of 1998 will use the full amount of total shares, which is currently 9.5m. This makes a huge difference, but again, we will see acquisitions that will add earnings to more than offset this new amount of stock. Interest on the $14M in the bank alone will be great. I called Mike Fearnow's office and was told there is a big meeting tomorrow of BNGO management. They're going to address some of the key issues we've been discussing here on the thread. I'll try back tomorrow and see what they've determined. Ted