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WarEagle

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WarEagle

Re: Renavatio post# 50410

Friday, 08/17/2007 3:54:03 PM

Friday, August 17, 2007 3:54:03 PM

Post# of 79921
Well, if the preferred shares had not added $120 million to what is essentially long term debt, you would be right. However, we have not only increased the outstanding shares by 6 times we added all of these preferred shares.
So when you add in all of the shares, the eps has not even begun to keep pace with the bloating share count.
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