QMN have the following UNLISTED options:31,280,000 ex$0.08 30nov...

QMN have the following UNLISTED options:
31,280,000 ex$0.08 30nov 2012
15,100,000 ex$0.10 30nov 2012
1,225,000 ex$0.20 30nov 2012
1,675,000 ex$0.25 30nov 2012

10 days until these expire. Will QMN make it?
I'm down for yes, if results make it in time.
Perhaps a news flow may start late this week and carry on into next week.
What's the market reaction likely to be if the substantial holder converts their options anyway and increases their holding even further??