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To: IceShark who wrote (8105)6/30/1998 8:31:00 AM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164687
 

I love this statement "A company spokeswoman said the offering would create no dilution
to earnings per share." which seems not to make any sense until you remember these
guys don't make any money, so how can you dilute nothing? -vbg-

Dan,

Thank you for the information. I enjoy your approach. I do wonder when people will start scratching their heads.

Glenn



To: IceShark who wrote (8105)6/30/1998 8:36:00 AM
From: Longterminvest  Read Replies (1) | Respond to of 164687
 
Dan>>"A company spokeswoman said the offering would create no
dilution to earnings per share."

She is right and it is also possible that it can be additive!!!
let's do the math.

If they are making losses, then you are dividing the -ve number by a larger denominator, which means you get a smaller -ve number as EPS.

isn't it genious....

-kalpesh


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