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EXHIBIT 11
SAND TECHNOLOGY INC.
COMPUTATION OF PER SHARE EARNINGS
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<S> <C>
For the year ended July 31, 2000
per audited Financial Statements:
- net income (loss) ($2,866,907)
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Weighted Average Number of Shares
Outstanding Calculated as follows: 8,919,211
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<TABLE>
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Weighted Average
Number of Shares Weight Number of Shares
<S> <C> <C>
8,528,206 .28 2,387,898
8,968,206 .30 2,690,462
8,982,206 .04 359,288
9,022,206 .01 90,222
9,024,206 .18 1,624,357
9,339,995 .18 1,681,199
9,363,995 .01 85,785
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8,919,211
Income (Loss) Per Share ($0.321)
For the year ended July 31, 1999
per audited Financial Statements:
- net income (loss) ($4,960,964)
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Weighted Average Number of Shares
Outstanding Calculated as follows: 8,522,873
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<TABLE>
<CAPTION>
Weighted Average
Number of Shares Weight Number of Shares
<S> <C> <C>
8,520,206 .67 5,680,137
8,528,206 .33 2,842,736
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8,522,873
Income (Loss) Per Share ($0.582)
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