a mystery

Here is a mystery defying any logically plausible explanation.
PMHO options (not the 2008 expiring, 18 cents convertion ones-PMHOA) are expring in December and require 60 cents for their convertion...
Yes, you read correctly, 60 cents for convertion!
The fully paid shares are around 46 cents at the moment, which makes any thought of buying the PMHO options prohibitively üntouchable".
Yet, there is a buyer at 0.004 of a cent and hardly any sellers!
Does it not sound rather weirdly irrational?
Methinks thus....Unless...Unless someone knows more than we do and PMH is about to do another CDU, which at the moment appears to be fancifully farfetched a thought.....

Cheers:)))