EXHIBIT 11
CROWN FINANCIAL GROUP, INC.
(formerly M. H. MEYERSON & CO., INC.)
STATEMENT OF EARNINGS PER SHARE
YEAR ENDED JANUARY 31, 2001
Shares outstanding during the year ended January 31, 2001:
| | | | |
6,557,815 Shares from February 1 to February 17, 2000 | | 17 days | | 111,482,855 |
6,567,815 shares from February 18 to March 16, 2000 | | 28 days | | 183,898,820 |
6,577,815 shares from March 17 to April 6, 2000 | | 21 days | | 138,134,115 |
6,597,815 shares from April 7 to April 12, 2000 | | 6 days | | 39,586,890 |
6,602,815 shares from April 13 to April 25, 2000 | | 13 days | | 85,836,595 |
6,615,315 shares from April 26 to May 25, 2000 | | 30 days | | 198,459,450 |
6,620,315 shares from May 26 to May 30, 2000 | | 5 days | | 33,101,575 |
6,635,315 shares from May 31 to May 31, 2000 | | 1 day | | 6,635,315 |
6,645,315 shares from June 1 to June 25, 2000 | | 25 days | | 166,132,875 |
6,611,315 shares from June 26 to September 17, 2000 | | 84 days | | 555,350,460 |
6,604,915 shares from September 18 to October 3, 2000 | | 16 days | | 105,678,640 |
6,629,915 shares from October 4, 2000 to January 1, 2001 | | 90 days | | 596,692,350 |
6,625,715 shares from January 2 to January 31, 2001 | | 30 days | | 198,771,450 |
| | | 366 days | | 2,419,761,390 |
2,419,761,390 shares divided by 366 days = 6,611,370 weighted average shares outstanding. Loss for the year ended January 31, 2001 = $938,861. Basic loss per share = $0.14.
YEAR ENDED JANUARY 31, 2002
Shares outstanding during the year ended January 31, 2002:
| | | | |
6,625,715 shares from February 1 to February 12 | | 12 days | | 79,508,580 |
6,627,123 shares from February 13 to February 19 | | 7 days | | 46,389,861 |
6,629,097 shares from February 20 to March 5 | | 14 days | | 92,807,358 |
6,631,226 shares from March 6 to March 8 | | 3 days | | 19,893,678 |
6,632,547 shares from March 9 to March 11 | | 3 days | | 19,897,641 |
6,633,785 shares from March 12 to March 20 | | 9 days | | 59,704,065 |
6,635,514 shares from March 21 to June 14 | | 86 days | | 570,654,204 |
6,606,514 shares from June 15 to January 31, 2002 | | 231 days | | 1,526,104,734 |
| | | 365 days | | 2,414,960,121 |
2,414,960,121 shares divided by 365 days =6,616,329 weighted average shares outstanding. Loss for the year ended January 31, 2002 = $14,818,289. Basic loss per share = $2.24
YEAR ENDED JANUARY 31, 2003
Shares outstanding during the year ended January 31, 2003:
| | | | |
6,606,514 shares from February 1 to April 28 | | 87 days | | 574,766,718 |
6,606,964 shares from April 29 to January 9, 2003 | | 256 days | | 1,691,382,784 |
7,356,964 shares from January 10 to January 14 | | 5 days | | 36,784,820 |
7,556,964 shares from January 15 to January 31 | | 17 days | | 128,468,388 |
| | | 365 days | | 2,431,402,710 |
2,430,402,710 shares divided by 365 days = 6,661,377 weighted average shares outstanding. Loss for the year ended January 31, 2003—$7,555,655. Basic loss per share = $1.13.
