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sanosurfer

04/08/10 12:47 PM

#123 RE: Ecomike #122

To bad the Nordic 66 million was restricted and not in the float that would cut it half. It looks like in the new 10-k Nordic went up to 85 million in shares now. The o/s and float do matter, the earnings per share will drop. Instead of .50 pps, we will see .25 pps. It dilutes your earnings. Its like baseball cards, when there are a ton printed of a good card its worth less, then a good card that has a serial number 1 out of 5000. When there is more the value decrease. If we had 70 million o/s, $1 pps would be 70mill mc, with 114 mill o/s, a pps of .60 will get you a 70 mill mc, thats it in a nut shell, gl