TV2- The next leg up (5c-10c), page-551

The options are already worth 1 cent each, and you only pay .0001 for them. That is .5 cent in long expiry premium plus .5 cent from 4.5 cents head price being .5 above exercise price of 4 cents.

Anyone who sold or dumped today are getting NO options, none nutter, nil, zero, zip

At 3.5 cents share price there will be way too much demand for shares to hold by the record date. It could happen, but I doubt it.

I think cool heads will prevail tomorrow and those who really want the options who dumped today will need to buy in. If most of that 200 million shares dumped in the last hour want back in, then 6 cents is back on the cards IMO.