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PLANET POLYMER TECHNOLOGIES, INC. EXHIBIT 11.1
Statement of Computation of Common and Common Equivalent Shares
AS OF JUNE 30, 2000
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<CAPTION>
Three months ended June 30, Six months ended June 30,
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2000 1999 2000 1999
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<S> <C> <C> <C> <C>
Shares outstanding at beginning of period 5,341,062 5,341,062 5,341,062 5,341,062
1,000,000 shares issued on January 11, 1999 1,000,000 1,000,000 1,000,000 939,227
9,677 shares issued on March 15, 1999 9,677 9,677 9,677 5,721
5,000 shares issued on March 30, 1999 5,000 5,000 5,000 2,541
9,677 shares issued on June 15, 1999 9,677 1,595 9,677 802
5,106 shares issued on September 15, 1999 5,106 - 5,106 -
500,000 shares issued on November 5, 1999 500,000 - 500,000 -
5,454 shares issued on December 15, 1999 5,454 - 5,454 -
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Weighted average number of shares 6,875,976 6,357,334 6,875,976 6,289,353
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119,997 shares issued on January 20, 2000 119,997 106,811
10,000 shares issued on February 15, 2000 10,000 7,473
10,000 shares issued on March 2, 2000 10,000 6,593
500,000 shares issued on March 3, 2000 500,000 326,923
2,736 shares issued on March 15, 2000 2,736 1,609
89,999 shares issued on March 28, 2000 89,999 46,483
2,000 shares issued on June 7, 2000 505 253
2,400 shares issued on June 9, 2000 554 277
3,000 shares issued on June 12, 2000 593 297
4,000 shares issued on June 13, 2000 747 374
5,100 shares issued on June 14, 2000 897 448
4,239 shares issued on June 15, 2000 699 349
3,500 shares issued on June 16, 2000 538 269
2,000 shares issued on June 21, 2000 198 99
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Weighted average number of shares 7,613,439 7,374,234
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