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Pennystomper

10/25/14 12:58 PM

#48203 RE: wab2021 #48202

It is a breach of trust to not fully report fully diluted share count when convertible notes and preferred shares are in play, it is also against sec and GAAP regulations to be over your authorized at anytime during the course of being a publicly or privately owned company with more than 2 shareholders.

http://www.accountingtools.com/diluted-earnings-per-share-for