“DEEMED DIVIDEND RELATED TO MODIFICATION OF SERIES A PREFERREED STOCK”
“Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method for options and warrants and using the if-converted method for preferred stock and convertible notes. It also gives effect to any deemed dividends such as during the period for Series A Preferred Stock. “
The key word here is ‘potential’ but it is used in the net loss calculation. Think we knew about this but nevertheless yeah, this doesn’t look good on paper imo.
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