March 31, --------- 1 9 9 8 1 9 9 7 ------- ------- Weighted average: Weight Average Shares Outstanding Disregarding Potentially Dilutive Common Stock Purchased Warrants 5,111,383 4,306,400Terrace Holdings • July 8th, 1998 • Terrace Holdings Inc • Retail-eating places
[1] Warrants to purchase common shares are excluded from the calculation as they are considered anti-dilutive. However, if effect was given to the exercise of all such warrants, common shares outstanding would have been increased by 9,488,450.
