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6.6M options forfeited - NICE! That takes

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cleverrox   Monday, 05/12/14 10:40:30 AM
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6.6M options forfeited - NICE! That takes down the possible diluted count a notch.

For the three and six month periods ended March 31, 2014 and 2013, the Company had stock options outstanding to purchase up to 150,000 and 6,760,000 shares of common stock, respectively, and warrants outstanding to purchase up to 6,730,879 and 360,000 shares of common stock, respectively, which had strike prices above market value and so are considered “out-of-the-money.” As a result, they were excluded from the computation of diluted earnings per share.

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