Seven Arts Entertainment Inc (SAPX)

[sbc357]

Cool, Those are the same numbers I came up with, basically.

Earlier SAPX PRd that they had 2,643,131 shares as of June 30, 2011 and recent PR on earnings stated:

earnings for the fiscal year ended June 30, 2011...basic and diluted earnings per share of $0.77

so that would be approx $2,035,200 in net earnings for FY ended June 30 when they had 2.65million shares.

Now, with what information we have, that has been diluted approximately 600% to

As of October 31, 2011, we had approximately 12,550,000 shares outstanding

So: $2,035,200/12,550,000shares gives you 0.1622 as your new earnings per share after considering all the dilution (TTM of course)


Correct me if I missed something there