RE:RE:RE:RE:RE:RE:CXR is down becuaseDeathpool - dilution is less than 4/10ths of 1 percent. So, on $6.00 EPS would be reduced by 2.4 cents,. As far as accounting presentation is concerned regarding outstanding warrants, I believe you are correct. It makes sense that no cost is incurred until sp exceeds the warrant price. We are following International Financial Reporting Standards (IFRS) not GAAP, although I don't know how that would affect anything one way or the other. I haven't looked in the "Handbook" for quite a while. LOL Cheers
DeathPool wrote: Adamchess, Yes, I agree that the price is higher than today's market value but I was alluding to the value that one maintains the share price "should" be at. So then, Adam, if I am interpreting what you are saying correctily, these warrants will never need to be reflected in GAPP earnings until the market value exceeds the warrant value or until which time they are exercised? Also, can you comment on the effect issuing a large amount of warrants would have on share dilution and whether a company is bound by agreement on the amount of shares and options they can issue their directors? Thanks Adam.