It all depends on what you paid for them or if you have been holding long enough to have had received the free B's a while back.
The conversion price is 1.5c.
So lets say you are referring to the free ones, if you would convert them now you will be in the money.
1.5c vs 2c closing price on the heads.
Lets say you paid .05c for the options, then if you convert at 1.5c you would be even as of the closing price today.
Hope that clears it a up a little better for you.
option price v heads, page-5
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