Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-34

Options won't be exercised if they are twice the value as buying them on market - that is just a simple fact.

Unless there is something to push the SP up - and there is no evidence of any deals forthcoming - then the SP will remain in the doldrums.

Apart from about 6 posters on this site, the market would be factoring in the financial report - and the need for BIT to shore up its cash reserves. R&D rebate aside, BIT is rapidly running out of cash.

You are well aware that options get taken up maybe half the time (and I am probably being over generous).