if the soph placement were given 1 share at 0.013c, and 1/4 option free, PLUS 1 option from the short fall free. That would mean they could sell their share on market for as low as 0.009 retaining 1.25 options worth .004. Or sell their options for .003 to break even.
just a thought. Maybe the 130m ECP shares dont even come into it, and the butter on the soph bread can be afforded out of the existing shortfall options.
the fact that the options havent moved at all, suggest that options have gone to sticky hands, but shares are being liquidated to recover most of the capital.