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

To: SamYan who wrote (8473)	5/6/1998 10:38:00 PM
From: Nittany Lion	Read Replies (1) \| Respond to of 10368

Sam, According to the 10K, the actual shares issued and outstanding as of 12/31/97 were 9,286,905. However, for accounting purposes they use a weighted average when measuring eps because all those shares were not outstanding for the entire year (remember 2,293,995 of these shares were a result of the W.C. on 12/22/97). This is why you are seeing a different # on the financial statements. The .16 eps is the net income before extraordinary item (gain on extinguishment of debt) on a fully diluted basis. Including the gain the eps were .21/sh. Hope this helps, Gary