Value Microcaps Motherboard

[abh3vt]

Michael T, thank you very much for your comments. Your explanations help clear up some of my confusion over the application of the rules....

It appears that option expenses will continue to appear for some time among companies that routinely use them for compensation. As they vest and are expensed over these long-term periods (3+ years), I would say that we should probably NOT exclude them from quarterly earnings as they are not one-time in nature.

Jtomm had an earlier post to me that was very eye-opening regarding this issue. He makes some excellent arguments as to why options should be counted as expenses on the income statement even though they already impact earnings via increased dilution.