Breakout ?, page-25

Contraindicator, the Taurus options would be issued for 'Nil Consideration', so if the stock hits $0.50 they would make $30m.

In theory, they could exercise their options on 31st Dec if the share price is above $0.40c, and even if it falls to $0.35 on the 1st Jan they would still make $21m.

Given the past relationship I don't see them holding the stock long, but i doubt that would preclude them from exercising the options.