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Biotech / Medical : Biotech Valuation
CRSP 53.47+0.3%Nov 28 9:30 AM EST
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To: Biomaven who wrote (3088)3/14/2001 10:00:44 PM
From: Ian@SI  Read Replies (1) of 52153
 
Peter,

Thanks, makes sense to me.

So both rules would apply.

Options are counted:

1. If and only if company has an operating profit.
2. If the option is in the money. i.e. No one is going to exercise an out of the money option when the same shares could be bought cheaper in the open market.

Best wishes,
Ian.
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