Exhibit 11.1
JACK CARL/312-FUTURES, INC. & SUBSIDIARIES
Computation of Earnings Per Common Share
as Restated for the One-for-Four Reverse Split of Common Stock
Year Ended June 30,
---------------------------------
1996 1995 1994
------ ------ ------
Primary
- -------
Earnings
Net income (loss) $(1,133,100) $2,411,600 $586,100
Deduct assumed dividends on
Class A preferred stock (40,000) (40,000) (40,000)
---------- --------- -------
Net income (loss) applicable
to common stock $(1,173,100) $2,371,600 $546,100
========== ========= =======
Shares
Weighted average number of
common shares outstanding 33,721,179 30,680,524 20,175,612
========== ========== ==========
Primary earnings (loss) per
common share:
Net income (loss) $ (.03) $ .08 $ .03
========= ========= =======
-67-
Exhibit 11.1
JACK CARL/312-FUTURES, INC. & SUBSIDIARIES
Computation of Earnings Per Common Share
as Restated for the One-for-Four Reverse Split of Common Stock
Year Ended June 30,
-------------------------------------
1996 1995 1994
---------- ---------- ---------
Assuming Full Dilution
- ----------------------
Earnings
Net income (loss) $(1,133,100) $2,411,600 $586,100
========= ========== ========
Shares
Weighted average number of
common shares outstanding 33,721,179 30,680,524 20,175,612
========== ========== ==========
Earnings (loss) per common
share assuming full dilution:
Net income (loss) $ (.03) $ .08 $ .03
========== ========= =======
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