thought this was sorted out some time back. the current mark cap is approx $42M. If you want to include the exercise of options then you must add the cash from the exercise of all the options into the equation. so assuming all options get exercised, you add a furhter $6.8m in cash to the balance sheet.
hope this helps all.get ready to do the comparison between BMN and ERN next week. BMN market cap is $320M.
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