QXL

Cyber


Since everything needs spelling out for you:

QXL had in September 17mil cash + 5mil drawn funding + 11.3mil of funding which, by and large we will ignore

So, subtract 11mil and we have 22.3mil

Bob gets, Q3 01, 4mil trading loss
Q4 02, 2mil '' ''
Q1 02, 1mil '' ''
Q2 02, 0.5mil '' ''

Total= £7.2mil

£22.3 - 7.2 = 15.1mil to redeem

Simple as that

As for earnings per share, he does mention trading PROFIT.

Now he may be a little optimistic in all this, we will just have to wait and see.

By the way, where about in the STATES are you from and whom do you represent?