No - 1 option = 1 share
To convert 1 option into 1 ordinary share you must pay the exercise price of 2c
If you brought 1,000,000 options at .004, you would have to pay $20k to convert the 1m options into 1m ordinary MZN shares. This way you're effectively paying 2.4c but the gains are higher if MZN starts moving before closing date. Much riskier but reward can be massive compared to the FPO's.
MZN sp movement, page-65
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