Ann: Response to ASX Aware Query, page-58

I don't think it stupid getting what ever you can for option. You do realise you need to pay 4 cents next 5 weeks to exercise option. That 4.1 cents outlay when you could purchase same shares 3 cents today. That roughly 25% discount. 3.7 million option sold today at point 1 of cent that $3700 give holders of those option execute $148k of shares. If execute all option traded today that be $151k total cost better buying shares on market. If you had year expiry or even 6 months but 5 weeks you need come up with cash. If share price recovered 4 cents in 5 weeks you bought on market today you made 25% in that time.