$20 dollars would be a 74 Million dollar market cap, with all shares outstanding after the recent S-8 - at least according to the S-8.
I'm not sure if there is an exercise price of $6.65 on those shares or not. Could somebody help me with that? I am not used to the terminology "reoffer", so I'm not sure if there is an exercise price associated with the employee stock options or not. One thing to add, The executive shares are restricted, and have no strike price, and can (but probably won't) be sold in increments over a 3 year vesting period with 25% being vested per year and an initial 25% vested immediately.