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To: Richaaard who wrote (3838)5/23/1998 2:21:00 AM
From: jeffbas  Respond to of 21143
 
That is my understanding. (Steve O. could confirm.) As I understand it, this first 2 million warrants would take a $10 stock price to get dilution of 1 million shares (assuming unexercised). That is trivial
2% dilution at a price 2 1/2 times the current level, and zero dilution now.



To: Richaaard who wrote (3838)5/26/1998 7:01:00 AM
From: Arthur Tang  Read Replies (2) | Respond to of 21143
 
Thank you, Richard. We are talking about earnings reporting on diluted bases. Once the warrants are issued, the earnings are reported diluted. It is a fact not an analysis.


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