Brad: question for you:
The last 10Q issued in May for the 3 months ending in Mar indicated the OS to be far less than the 97 Mil+ you posted.
Where is the difference coming from?
Just taking the loss per share and dividing it into the $loss should yield OS as of Mar. and if that is true it only yields 51,255,100 using the 10 Q #s :
Net Loss. As a result of the foregoing factors, the Company's net loss decreased to **$512,551** for the three months ended March 31, 2006, compared to a net loss of $7,142,753 for the three months ended March 31, 2005. ** The net loss per share was $0.01** for the three months ended March 31, 2006, compared to a net loss per share of $0.58 for the three months ended March 31, 2005. The Company's net loss for the nine months ended March 31, 2006 also decreased to $1,948,165, compared to a net loss of $8,295,286 for the nine months ended March 31, 2005. The net loss per share was $0.04 for the nine-month period ended March 31, 2006, compared to a net loss per share of $1.80 for the nine-month period ended March 31, 2005.
Obviously if the 10Q # is correct the value would be apprx 2x.
I missed something and I am sure you covered it but give it to me one more time if you would.
TIA
john
Base your trading on your own DD. Like many, I trade frequently, mixed in with some longer term equity holds, and offer only my opinions, or PRs. My posts are not intended as any basis for anyone's trades, but my own. Good luck with yours!
