Ann: Exercise of unlisted options, page-8

That's why I exercised my 175,000 UNTAQ's. Yes, I could've paid $700 less on todays price, but I actually did the transfer on Tuesday where the lowest seller was at 0.021. So when I did it, yes, I would've saved $350 on market.
My rational is that I am hoping the SP in a year or two will be well beyond 10 cents, hopefully more. So I'm not going to be too concerned about a couple of pips, when I may've made 10's of cents in the end.
And, while I'm only adding $4k to the balance sheet, I was hoping I'm not alone in my belief, and we could have a few more months on the runway before we get to cash flow positive.