EXHIBIT 11
M. H. MEYERSON & CO., INC.
STATEMENT OF EARNINGS PER SHARE
YEAR ENDED JANUARY 31, 2001
Shares outstanding during the year ended January 31, 2001:
6,507,815 Shares from February 1 to February 17, 2000 17 days 110,632,855
6,517,815 shares from February 18 to March 16, 2000 28 days 182,498,820
6,527,815 shares from March 17 to April 4, 2000 19 days 124,028,485
6,547,815 shares from April 5 to April 12, 2000 8 days 52,382,520
6,552,815 shares from April 13 to April 25, 2000 13 days 85,186,595
6,565,315 shares from April 26 to April 30, 2000 5 days 32,826,575
6,565,315 shares from May 1 to May 22, 2000 22 days 144,436,930
6,570,315 shares from May 23 to May 31, 2000 9 days 59,132,835
6,590,315 shares from June 1 to June 1, 2000 1 days 6,590,315
6,595,315 shares from June 2 to June 29, 2000 28 days 184,668,820
6,582,315 shares from June 30 to July 31, 2000 32 days 210,634,080
6,582,315 shares from August 1 to August 31, 2000 31 days 204,051,765
6,582,315 shares from September 1 to September 17, 2000 17 days 111,899,355
6,575,915 shares from September 18 to September 30, 2000 13 days 85,486,895
6,575,915 shares from October 1 to October 31, 2000 31 days 203,853,365
6,575,915 shares from November 1 to December 31, 2000 61 days 401,130,815
6,571,715 shares from January 1 to January 31, 2001 31 days 203,723,165
366 days 2,403,164,190
2,403,164,190 shares divided by 366 days = 6,566,022 average shares outstanding.
Earnings year ended January 31, 2001 = $(508,272) Basic earnings per share =
$(508,272)/6,566,022 = $(0.08)
YEAR ENDED JANUARY 31, 2002
Shares outstanding during the year ended January 31, 2002:
6,571,715 shares from February 1 to February 12 12 days 78,860,580
6,573,123 shares from February 13 to February 19 7 days 46,011,861
6,575,097 shares from February 20 to March 5 14 days 92,051,358
6,577,226 shares from March 6 to March 8 3 days 19,731,678
6,578,547 shares from March 9 to March 11 3 days 19,735,641
6,579,785 shares from Mach 12 to March 20 9 days 59,218,065
6,581,514 shares from March 21 to April 30 41 days 269,842,074
6,581,514 shares from May 1 to July 31 92 days 605,499,288
6,581,514 shares from August 1 to October 31 92 days 605,499,288
6,581,514 shares from November 1 to January 31 92 days 605,499,288
365 days 2,401,949,121
2,401,949,121 divided by 365 days = 6,580,683 average shares outstanding.
Earnings year ended January 31, 2002 = ($12,227,471) Basic earnings per share =
$(12,227,471)/6,580,683 = ($1.86)
YEAR ENDED JANUARY 31, 2003
Shares outstanding during the year ended January 31, 2003:
6,581,514 shares from February 1 to April 15 74 days 487,032,036
6,581,964 shares from April 16 to January 14 274 days 1,803,458,136
7,331,964 shares from January 15 to January 15 1 days 7,331,964
7,531,964 shares from January 16 to January 31 16 days 120,511,424
365 2,418,333,560
2,418,333,560 divided by 365 days = 6,625,571 average shares outstanding
($6,248,699) / 6,625,571 = ($0.94) loss per share