EXHIBIT 11



CROWN FINANCIAL GROUP, INC.

(formerly M. H. MEYERSON & CO., INC.)

STATEMENT OF EARNINGS PER SHARE



YEAR ENDED JANUARY 31, 2001



Shares outstanding during the year ended January 31, 2001:



|                                                         |  |          |  |              
|-------------------------------------------------------- |  | -------- |  | -------------
|6,557,815 Shares from February 1 to February 17, 2000    |  | 17 days  |  | 111,482,855  
|6,567,815 shares from February 18 to March 16, 2000      |  | 28 days  |  | 183,898,820  
|6,577,815 shares from March 17 to April 6, 2000          |  | 21 days  |  | 138,134,115  
|6,597,815 shares from April 7 to April 12, 2000          |  | 6 days   |  | 39,586,890   
|6,602,815 shares from April 13 to April 25, 2000         |  | 13 days  |  | 85,836,595   
|6,615,315 shares from April 26 to May 25, 2000           |  | 30 days  |  | 198,459,450  
|6,620,315 shares from May 26 to May 30, 2000             |  | 5 days   |  | 33,101,575   
|6,635,315 shares from May 31 to May 31, 2000             |  | 1 day    |  | 6,635,315    
|6,645,315 shares from June 1 to June 25, 2000            |  | 25 days  |  | 166,132,875  
|6,611,315 shares from June 26 to September 17, 2000      |  | 84 days  |  | 555,350,460  
|6,604,915 shares from September 18 to October 3, 2000    |  | 16 days  |  | 105,678,640  
|6,629,915 shares from October 4, 2000 to January 1, 2001 |  | 90 days  |  | 596,692,350  
|6,625,715 shares from January 2 to January 31, 2001      |  | 30 days  |  | 198,771,450  
|                                                         |  | 366 days |  | 2,419,761,390



2,419,761,390 shares divided by 366
days = 6,611,370 weighted average shares outstanding. Loss for the year ended January 31, 2001 = $938,861. Basic loss per share = $0.14.



YEAR ENDED JANUARY 31, 2002



Shares outstanding during the year ended January 31, 2002:



|                                                  |  |          |  |              
|------------------------------------------------- |  | -------- |  | -------------
|6,625,715 shares from February 1 to February 12   |  | 12 days  |  | 79,508,580   
|6,627,123 shares from February 13 to February 19  |  | 7 days   |  | 46,389,861   
|6,629,097 shares from February 20 to March 5      |  | 14 days  |  | 92,807,358   
|6,631,226 shares from March 6 to March 8          |  | 3 days   |  | 19,893,678   
|6,632,547 shares from March 9 to March 11         |  | 3 days   |  | 19,897,641   
|6,633,785 shares from March 12 to March 20        |  | 9 days   |  | 59,704,065   
|6,635,514 shares from March 21 to June 14         |  | 86 days  |  | 570,654,204  
|6,606,514 shares from June 15 to January 31, 2002 |  | 231 days |  | 1,526,104,734
|                                                  |  | 365 days |  | 2,414,960,121



2,414,960,121 shares divided by 365
days =6,616,329 weighted average shares outstanding. Loss for the year ended January 31, 2002 = $14,818,289. Basic loss per share = $2.24



YEAR ENDED JANUARY 31, 2003



Shares outstanding during the year ended January 31, 2003:



|                                                  |  |          |  |              
|------------------------------------------------- |  | -------- |  | -------------
|6,606,514 shares from February 1 to April 28      |  | 87 days  |  | 574,766,718  
|6,606,964 shares from April 29 to January 9, 2003 |  | 256 days |  | 1,691,382,784
|7,356,964 shares from January 10 to January 14    |  | 5 days   |  | 36,784,820   
|7,556,964 shares from January 15 to January 31    |  | 17 days  |  | 128,468,388  
|                                                  |  | 365 days |  | 2,431,402,710



2,430,402,710 shares divided by 365
days = 6,661,377 weighted average shares outstanding. Loss for the year ended January 31, 2003$7,555,655. Basic loss per share = $1.13.