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Re: None

Wednesday, 03/23/2011 7:49:53 PM

Wednesday, March 23, 2011 7:49:53 PM

Post# of 92948
mail,


"rocky, your e-mails from Rabin indicated they use the Treasury method to calculate dilutive share number. Is that stated in any SEC filings?..thanks for checking this out"


yes it is. Sorry, for some reason I thought I included that in my post..here it is and thanks for asking.

(recent 10K scroll to page F-9)
Net Loss Per Share —Earnings per share is calculated in accordance with the ASC 260-10, “Earnings Per Share.” Basic earnings-per-share is based upon the weighted average number of common shares outstanding. Diluted earnings-per-share is based on the assumption that all dilutive convertible shares and stock options were converted or exercised. Dilution is computed by applying the treasury stock method. Under this method, options and warrants are assumed to be exercised at the beginning of the period (or at the time of issuance, if later), and as if funds obtained thereby were used to purchase common stock at the average market price during the period.
http://www.sec.gov/Archives/edgar/data/1140098/000101376211000631/form10k.htm

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