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To: Warthog who wrote (15541)5/7/1998 7:55:00 AM
From: JIN CHUN  Respond to of 27968
 
Collin, I see where you are coming from. I too agree that there needs to be some damage control, which I hope will be the financials as well as some solid numbers regarding the current business situation. I think I was assuming that Ira meant that .36 eps would be back adjusted, just as in the case with the ATXI proposal. I certainly hope, nor do I think, that he meant the 1998 numbers.

Jin.



To: Warthog who wrote (15541)5/7/1998 10:41:00 AM
From: CO  Read Replies (1) | Respond to of 27968
 
Warthog,

It warrants are issued at the time of the reverse and the reverse is a 4 to 1, then the total outstanding shares would only be cut in half.

If at the time of the reverse the shares were at 52 million, there would be 13 million shares and 13 million warrants. A total of 26 million outstanding shares. I believe warrants have to be counted in the total outstanding shares even if they are not yet exercised.

Cheryl


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