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Re: viking86 post# 20

Wednesday, 03/24/2010 10:56:35 PM

Wednesday, March 24, 2010 10:56:35 PM

Post# of 214
Here is the breakdown:

8.95M outstanding common
15.55M warrants
1.2M potential 2009 earnout
25.7M fully diluted total

2010 - 1.8M earnout if they hit 31.4M net income
2011 - 2.18M earnout if they hit 43.5M net income

Keep in mind that 2009 eps should be $2.65 or higher since it will be calculated using a maximum of 8.95M shares. That is based on $23.77M net income for 2009 which was recently provided by management. Earnings come out March 29th.


-Adam





"What goes down must come up" Inverse Newton

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