100m mcap at 18.5c .. fully diluted ??, page-27

Agree with @gassin123 here... Those who pay attention and take the time to look into a stock WILL take into account all shares... Why wouldn't you? If you are investing in a stock you'd hope they do reach their milestones...
And I agree, many stocks hit well in excess of 100million MC on nothing more than hot air... But hot air never holds it up for long...
For a stock with 'only' 281million on issue it is very loose in the amount that are actively traded each day...