No doubt there will be a lot of mistrust after many got torched with the "Infamous JP Interview" flamethrower. I suspect there were a few short-term traders that felt it more than most, as the word "Nova" was being thrown around and playing up to the FOMO emotion.
12 February is the entitlement date cut-off, and I would suspect news after this - enough to make an informed decision on whether to convert options or not anyway.
And the whole 'locking us in until March for impending CR drop' argument has a few holes in it. The options are worthless to SGQ unless converted in April, which would need some good news in the interim to keep it above 0.25c, so HT2015 more or less torpedoes he's own argument.
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