End, updated portion.
The key question is… how big will those GAAP loses per share be?
There is no doubt that there will be losses — but will it be around $0.15 of loss per share (as Lake Street Capital guesses), or around $0.16 as Craig Hallum expects…
or around $0.17 — as Bob guesses (likely the most dispassionate of us all)…
…or, will it be much closer to $0.20 per share, of GAAP losses, on a fully diluted basis, as I am guessing?
Now, recall that there are over five million new shares in the denominator (for GAAP LPS or EPS — but we KNOW won’t see any “E”!), given that it was at the end of February 2017 that the Reg D offering dilution became part of the share count — so I am candidly expecting a very large loss, in absolute numbers (even if the share count, on a days weighted average basis, didn’t fully balloon until almost 2/3rd of Q1 2017 was over).
We will all know in about 24 hours — but I think the NASDAQ OTC action today reflects the Street’s pessimism about any improvement in Mattersights business model, or near term financial (under-) performance.
Be careful out there.