Ann: Appendix 3B , page-2

So, if you own options you can then by paying the option value get shares for those options? Is that correct? Do you then have to wait for a while until you can trade them, or are they tradeable immediately? If the answer is yes; someone could then make an instant profit. Is that why we may have seen a sudden rise in volumes traded in the last few days at around 2c? That would be an instant 100% profit if the options are valued at 1c, which more or less seems to be the case for all the options mentioned in the 3B. Can someone please confirm whether I am understanding this correctly?

Thanks a lot!