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PLANET ENTERTAINMENT CORPORATION AND SUBSIDIARIES
EXHIBIT 11
EARNINGS PER SHARE
(UNAUDITED)
FOR THE THREE MONTHS ENDED FOR THE NINE MONTHS ENDED
----------------------------- -----------------------------
MAY 31, MAY 31, MAY 31, MAY 31,
2000 1999 2000 1999
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<S> <C> <C> <C> <C>
BASIC & DILUTED EARNINGS PER SHARE:
Income (Loss) from Continuing Operations$ $ (694,231) $ (860,185) $ 359,273 $ (579,359)
Less Preferred Stock Dividends (81,394) (87,500) (241,529) (262,500)
------------ ------------ ------------ ------------
Income (Loss) from Continuing Operations
Available to Common Stockholders (775,625) (947,685) 117,744 (841,859)
Income (Loss) from Discontinued
Operations, net of income taxes -- (118,725) (20,526) (193,958)
Gain on Disposal of Discontinued
Operations, net of income taxes -- -- 35,777 --
------------ ------------ ------------ ------------
Net Income (Loss) Available to
Common Stockholders $ (775,625) $ (1,066,410) $ 132,995 $ (1,035,817)
------------ ------------ ------------ ------------
Weighted Average Shares Outstanding 12,442,712 11,976,055 12,306,284 11,976,055
Per Share Detail:
Income (Loss): Continuing
Operations $ (.06) $ (.08) $ .01 $ (.07)
Income (Loss): Discontinued
Operations -- (.01) * (.02)
Gain (Loss) on Disposal of
Discontinued Operations -- -- * --
------------ ------------ ------------ ------------
BASIC & DILUTED EPS-Total $ (.06) $ (.09) $ .01 $ (.09)
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*LESS THEN $.01 PER SHARE
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