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Non-Tech : J.B. Oxford -- Ignore unavailable to you. Want to Upgrade?

To: Bo Le who wrote (458)	2/3/1999 1:58:00 PM
From: Sir Auric Goldfinger	Read Replies (1) \| Respond to of 2220

More dilution via a death spiral convert & options!:"Options to purchase 2,055,000 and 405,000 shares of Common Stock at September 30, 1998 and 1997, were not included in the computation of diluted earning per share because the options' exercise price was greater then the average market price of the Common Stock during the respective periods. The options carry exercise prices ranging from $1.08 to $3.00 at September 30, 1998, and 1997. The options outstanding at September 30, 1998 expire at various dates through July 9, 2007. Additionally, there are 9,856,531 of shares of Common stock (6,495,889 weighted average shares outstanding for the nine months ended September 30, 1998), which may be converted from the convertible debentures that are not included in the computation because their inclusion would reduce the loss per share. Quarter ending September 30, 1997 earnings (loss) per share have been restated to conform with Statement of Financial Accounting Standards No. 128 "Earnings per Share" ("SFAS 128"). Basic earnings per share, in accordance with SFAS 128, are $0.01 higher than primary earnings per share calculated in accordance with APB 15 at September 30, 1997. There was no change in the amount reported as fully diluted earnings per share at September 30, 1997.