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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?

To: Land Shark who wrote (565)	10/27/1998 5:33:00 PM
From: Safado	Read Replies (2) \| Respond to of 19428

Newbie on board with a potential small cap play....NWSS. Recent spike, outstanding law suits, just borrowed 0.5 million bucks, recent reverse split to avoid delisting, 1.5M operating costs with 70+ employees (about 20k each employee, not including rent, light, phones, benefits, etc.) possible depletion of customer base, bad karma due to law suit, lots of preferred stock dividends while zip for the common stock holders, stockholders equity is equal to the "receivables" tied up in the law suit, etc. I smell a rat. A technical question though, particularly since I'm not too keen on shorting $5 stocks with teeny floats --- as I look at all their recent SEC filings, the math isn't working on their EPS. Am I nuts or is it not Net Income divided by Shares Outstanding the formula for Basic EPS? My math isn't working on their calculations or numbers. Their diluted EPS is listed identically as their basic EPS although there is almost twice as many preferred+common shares as there are just common shares. This is simple math, right? Before I start calling the company or the SEC, thought one of you generous souls might grant me a quick double check. www4.edgar-online.com If the math IS bad, and in our favor, let's all borrow and sell first before, contacting the powers that be . . . BTW, the next quarterly report is due out any day....