It might have been $5 if shares out were the same $5.4M as reported by Rich in last Jan’s RS. But shares out are between 27M and 32M now. That’s up to 6X more. Divide $5 by 6 and you get equivalent, dilution corrected PPS of $.83. It’s at $.69 at close today. That would be like $4.14 if shares out were now the same as a year ago.
That’s what dilution does...kills pps, even when Company is doing better.
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