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Microcap & Penny Stocks : TEVE - TelVue -- Ignore unavailable to you. Want to Upgrade?

To: Sheri who wrote (11)	4/4/1998 11:42:00 AM
From: Dan Lisman	Read Replies (2) \| Respond to of 195

From their 10-k: "Diluted EPS reflects the potential dilution that would occur if securities or other contracts to issue common stock were exercised or converted into commonstock." I think this means that they have given private investors an option to buy future shares (warrants) at a set price (like at 1 to 5 cents a share). I'm still not sure how the preferred shares fit into the picture. And how Mr. Lenfest's (67.9 mil) shares are more than O/S. I guess this has to do with the warrants and convertables. Anyway: Net income of $2,775,702 divided by .04 (diluted eps) equals approx 69.4 million shares. Net income of $2,775,702 divided by .12 (basic eps) equals approx 23.1 million shares. This seems to match the O/S that IR gave you. Having trouble tryin' to make these numbers balance, but the new 1998 requirement of stating earnings in diluted eps is suppose to be a fair and non-inflated number. Dan