Actually, if you look at the cash value (69.6M$, or 63c per share), IMO you should also look at the debt they have (20.5M$, or 18c per share)... then the value should really be 63c-18c or 45c per share, which is just above what it got to. http://finance.yahoo.com/q/ks?s=BPAX+Key+Statistics Hmm... g