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American Realty Investors Inc. Message Board

  • jaarc.rm jaarc.rm May 16, 2005 5:08 PM Flag

    From the Brand New 8K

    I copied this from the bottom of the filing:

    Weighted average Common shares used to compute

    earnings per share:

    Basic
    10,149,000 (For quarter ended March 31, 2005)
    10,644,666 (For quarter ended March 31, 2004)

    Diluted
    12,907,309 (For quarter ended March 31, 2005)
    10,644,666 (For quarter ended March 31, 2004)


    Anybody else notice that while the number of weighted average common shares used to calculate "basic" EPS has gone down, the number used to calculate "diluted" EPS has gone way up! (About 2,262,000 "weighted average shares"...that would be a minimum depending upon when they were issued during the quarter.)

    And since the number of shares were the same for both calculations last year, that tells us that those "shares" obviously were not there last March.

    That means that some kind of options, warrants, convertibles, or something similar in nature must have been issued...probably to "Gene" in some form.

    I know we sure didn't get anything.

    I also know that we didn't get paid a dividend (AGAIN)!

    And I know that while they are showing "Earnings"...we aren't seeing any cash...OR see our shares go up in value.

    (Quite the opposite!)

    He's a GENE-ius! An EVIL GENE-ius!

    AND HE WANTS IT ALL!

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    • "And since the number of shares were the same for both calculations last year, that tells us that those "shares" obviously were not there last March."

      Sorry to burst your bubble, but anti-dilutive options, warrants, etc. are not used in EPS calculations. This means different numbers of shares are used in income vs. loss situations.

      • 1 Reply to infringer_of_copyrights
      • You are correct. Pardon my mistake. Thank you for pointing it out.

        I've just gotten so used to being screwed over by these people that in my haste to post I forgot that dividing a loss by a larger number of shares would make the loss look smaller on a per share basis. "A better loss", so to speak.

        But it certainly is "generous" of them to set themselves up to share in any profits to an even greater degree than they already would have.

        Like I've said before...they want it all!

 
ARL
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