It's not as good as cash because the value can vary, especially the further out you look. It might go up, but it might go down. Cash is far more stable than tha

It's not as good as cash because the value can vary, especially the further out you look. It might go up, but it might go down. Cash is far more stable than that. But it still should be modeled far above zero, and far closer to cash than pre-ipo options.