4th choices for option holders

There are 3 options listed for PNOO holders as per the announcement:

a) Exercise the options on or before 30th June 2011.
b) Sell your options. Quotation of the options will cease at the close of trading on 23 June 2011.
c) Do nothing (ie, allow your options to expire).

I tend to think there is other choice of buying the heads at the current discounted price, and forget about the options.

It is the company's best interest to get the option in money,and they have been planning for this since early last year, the following figures shows the history of PNOO option:

Per Ann Date No of PNOO
25/02/2010 53m
12/04/2010 133m
09/11/2010 233m
02/03/2011 383m

It is 5m dollars here, I truly believe JP will get this in money, it is 5 times more than what he can get from CR.

So, buy today, get discounted price, guys.