1 EXHIBIT 11 AMC, INC. AND SUBSIDIARIES COMPUTATION OF EARNINGS PER COMMON SHARE (For the three months ended November 30, 1997 and 1996) For the three months ended November 30, ------------------------------- 1997 1996 ----------- ----------- Primary Weighted average number of outstanding common shares 61,962,751 61,962,751 =========== =========== Net Earnings $ 1,255,195 $ 471,188 Primary earnings per common and common equivalent share $ .02 $ .01 =========== =========== Fully Diluted Weighted average number of outstanding common shares (a) 61,962,751 Net effect of dilutive warrants - based on the treasury stock method (a) 16,736,548 =========== =========== (a) 78,699,299 =========== =========== Adjusted Net Earnings (a) $ 676,188 Fully diluted earnings per common and common equivalent share $ .02 $ .01 =========== =========== (a) Not applicable as warrants are anti-dilutive.