China Unlimited

[RealDutch]

not a problem if you do it like this

http://accountinginfo.com/financial-accounting-standards/asc-200/260-earnings-per-share.htm
"If-converted method" for convertible securities
1. It is assumed that convertible securities were converted
--> at the beginning of the period
--> or at the time of issuance if issued during the period
2. Add additional number of common shares
--> that would have been issued if they were converted
3. For convertible preferred shares
--> add back dividends to convertible preferred shares to income
4. For convertible debt
--> add back interest for convertible debt to income

And this from some 10-K (ICBG)

Diluted income (loss) per share is computed in a manner similar to the basic income (loss) per share, except the weighted-average number of shares outstanding is increased to include all common shares, including those with the potential to be issued by virtue of warrants, options, convertible debt and other such convertible instruments.

But nobody is doing it! Too funny.