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AMERICAN TELESOURCE INTERNATIONAL, INC. AND SUBSIDIARIES Exhibit 11
COMPUTATION OF LOSS PER SHARE
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For the three months ended
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October 31, 1999 October 31, 2000
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<S> <C> <C>
COMPUTATION OF BASIC LOSS PER SHARE
Net loss ($3,207) ($5,571)
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WEIGHTED AVERAGE NUMBER OF SHARES OF
COMMON STOCK OUTSTANDING 48,687 67,703
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BASIC LOSS PER COMMON SHARE ($0.07) ($0.08)
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COMPUTATION OF DILUTED LOSS PER SHARE
Net loss ($3,207) ($5,571)
Dividends not incurred upon assumed conversion of
convertible preferred stock 92 106
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Net loss applicable to common stockholders
used for computation ($3,115) ($5,465)
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Weighted average number of shares of common
stock outstanding 48,687 67,703
Weighted average incremental shares outstanding
upon assumed conversion of options and warrants 3,638 1,345
Weighted average incremental shares outstanding
upon assumed conversion of preferred stock 5,197 5,551
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WEIGHTED AVERAGE COMMON SHARES AND
COMMON SHARE EQUIVALENTS USED FOR
COMPUTATION 57,522 74,599
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DILUTED LOSS PER COMMON SHARE AND COMMON
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SHARE EQUIVALENT ($0.05) ($0.07)
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(a) This calculation is submitted in accordance with Item 601 (b) (11) of
Regulation S-K although it is not required by SFAS No. 128 because it is
antidilutive.