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alexalekhine

08/31/10 1:00 PM

#243 RE: MWM #242

Nice little board you have here.

One of the key things to recall about SWTX, when looking at it over a 20 year timeframe as your chart here does, is that the company's shares outstanding today are much, much higer than they were back then.

If you go back 10-12 years ago, I believe the share count was only about 7 million. In fact, I am going to check my Bloomberg for annual average FD share count right now.

back in a minute!

Avg Fully Diluted Share Out from Bllomberg

1990 6.78 million
1995 6.32
2000 7.64
2001 8.19
2002 10.42
2003 12.54
2004 14.59
2005 32.90 (this is when they got bailed out by Needham)
2006 26.95 (FD count fell because stock price declined)
2007 33.24
2008 34.26
2009 34.49

So the market cap today at $1.80 is still in the same ball park it always was back then, south of $100 million.

Just keep that in mind

aa