Approaching $7.20 Slowly, page-137

Actually, @JayWin's idea is not so misguided. I think what he is getting at is that a fundamental aspect of Black-Scholes (and by extension pretty much every other option pricing methodology) is that the current price of a security (a share in this case) is equal to the sum of all net future cashflows in the underlying company, discounted at the risk free interest rate. Obviously, cashflows further in the future have less of an effect on the current valuation in this model.

This was pretty much the first sentence of a lecture I attended in the mid 90s given by Prof Fisher Black in Sydney. Back then I was an FX Options dealer (first for ANZ Bank and then CBA.)

He went on to say that he, Myron Scholes and Robert C Merton used one of their earliest versions of what became the Black Scholes model to trade stocks. 'I lost the least money, Prof Merton lost the most' he observed wistfully ...

t (time to expiry) is certainly an aspect of conventional option pricing, but it is not a factor in the valuation of the underlying, which is I think what @JayWin was getting at.