GDT Tek Inc. (fka GDTK)

[seattletechguy]

Blackmail

Yahoo takes the last reported common O/S from the SEC filings, and applies the reported R/S to it. Yahoo did not include the dilutive effect of the preferred stock in that figure prior to the R/S. Therefore the pre-R/S 7 BILLION shares is now 7 million. In a couple days the new O/S will appear in the 12/31 10Q. They may report the amount of common as of a date after the split.

The post-R/S preferred stock O/S will be reported in the 3/31/08 (Q3) 10Q which should be filed around 5/20/08.

Note that the company explicitly states that the preferred stock is not used in their EPS calculations.

Also note that the earnings listed were generated from the elimination of the LTD from the balance sheet (Other Income on the Income Statement), not from operations. The company report $4.46M in income on $38k of revenue for the trailing twelve months (ttm).