hweb-(btyh)I don't own this one, but I have doubts about their fully diluted earnings calculation. The last 10q shows 17.7M shares outstanding. The earnings per share are calculated using 16.5M shares. They also have 818K in convertible preferred which is convertible 1 for 10 they also have 1.4M of debt convertible at a rate of .1.
I didn't review everything, but unless I'm missing something the Company's fully diluted earnings should have included an additional 22m shares at a mininmum.
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