Whate Really is goig ON, page-268

Genuine question here @fooca in relation to this statement:
"As WFE have to comply with Chapters 1 & 2 to be re-listed, Chapter 1, Section 1.1, Condition 12 - If the entity has options on issue the exercise price for each underlying security must be at least 20 cents in cash.
Currently WFE have 25,000,000 options on issue with an exercise price of $0.003c, 20c divided by .003c = 6667 = consolidation of 6667 - 1 ratio of the SOI - which are the underlying securities."

Is it possible to deal with condition 12 by having each of the option holders exercise their options and hence the company would cease to have any options on issue as at the relevant time?
I'm just thinking if it's possible to avoid a 6667:1 consolidation by the company receiving $75k from the option holders...