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INC.UBATOR CAPITAL, INC.
(formerly Shanecy, Inc.)
(A Development Stage Enterprise)
Earnings per share calculation schedule
Net income (loss) per share ("EPS") is computed using the weighted average
number of common shares outstanding during the year. Diluted EPS includes common
share equivalents (unless anti-dilutive) which would arise from the exercise of
share options and conversion of other convertible securities, and is adjusted,
if applicable, for the effect on net income (loss) of such transactions.
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For the fiscal year ended March 31, 2000:
Weighted average shares outstanding during the period 13,272,616
Loss for the period (1,062,077)
Basic and diluted loss per share (0.08)
For the fiscal year ended March 31, 1999:
Weighted average shares outstanding during the period 9,990,000
Loss for the period (3,578)
Basic and diluted loss per share (0.00)
For the period from incorporation on May 31, 1994 to March 31, 2000:
Weighted average shares outstanding during the period 8,611,764
Loss for the period (1,065,855)
Basic and diluted loss per share (0.12)
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All of the Company's common shares issuable upon the exercise of stock options
or on the conversion of securities were excluded from the determination of
diluted loss per share as their effect would be anti-dilutive.
