However, 19M shares is not "fully diluted", is it?
"fully diluted earnings per share Definition
Common stock earnings per share that would result if all warrants and stock options were exercised and all convertible bonds and preferred stock were converted. For a firm that has a lot of stock options, warrants, convertible bonds and preferred stock outstanding, the fully diluted earnings per share are the most appropriate way of looking at earnings on a per share basis". http://www.investorwords.com/2116/fully_diluted_earnings_per_share.html
All statements are my own opinion, expressed by a relatively novice investor. Do your own due diligence & verify posted information.
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