4th choices for option holders, page-3

The thing is if we take 2.2c as an example, that is double the current sp. So you can double your capital buying PNO.

What would you make on the options? If you get a chance to sell them, then you do well because they cost 0.1c and you might get 0.3c so you're better off.

But if you need to convert and stump up the 1.5c then your actual return isn't that great 1.6c turns to 2.2c

And im sure their are alot of holders that have too many to actually convert them all.