from 10-Q
1 page
<table> <caption> Exhibit 11.1 Cai Wireless Systems, Inc. and Subsidiaries Computation of Loss Per Common Share for the Nine-Month Period Ended December 31, 1996 <s> <c> Net Loss $ (57,493,239) Preferred Stock Dividend (9,576,367) Loss Applicable to Common Stock Shareholders $ (67,069,606) Weighted Average Number of Shares Outstanding 39,915,020 Loss Per Common Share $ (1.68) </Table> <table> <caption> Computation of Weighted Average Number of Shares Outstanding Weighted Average Shares Shares <s> <c> <c> for the Nine Months Ended December 31, 1996 Beginning Balance 37,829,482 37,829,482 Series a Preferred Stock - Converted 2,637,742 2,028,219 Warrants Exercised 73,315 57,319 Warrants - Banx 36,751,083 0 Warrants - Other 2,235,541 0 Options 2,152,604 0 39,915,020 </Table> (A) Outstanding Convertible Preferred Stock, Warrants and Options Are Not Considered for the Purposes of Calculating the Weighted Average Shares Outstanding Since These Securities Are Anti-Dilutive. (B) the Series a Redeemable Convertible Preferred Stock Have Been Converted as of December 31, 1996
