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Non-Tech : NetBank(NTBK)-formerly Atlanta Internet Bank -- Ignore unavailable to you. Want to Upgrade?

To: jjs_ynot who wrote (609)	6/3/1998 7:15:00 PM
From: Benny Baga	Read Replies (1) \| Respond to of 2414

Also, preferred shares (as opposed to common) are not considered a part in the earnings stream I believe. Yes, I stand corrected. (I did a little research) As I understand it, Preferred stock would not impact EPS.(preferred shares are not counted as outstanding shares when calculating EPS). Issuing preferred stock is very similar to issuing bonds. IF what I have said is true, all NTBK should have to do is issue some preferred stock, which in turn should not effect the stock price. They will have to pay a dividend on the preferred stock, but if they invest the money that was received because of the issue of stock, if should offset the dividend. Somebody, please correct me if I am wrong, Thanks Benny