ADNOB options - $0.012 strike, 30 November 2020 expiry, page-390

If you held 100,000 ADNOB you would pay $0.012 x 100,000= $1,200 to convert the holding of options to shares.

You have up until end of November to pay the conversion fee, alternatively you can sell the options on market (before they expire).

That $1,200 paid is cash that gets paid to Andromeda.

If you intend to exercise the options don't leave it to the last minute. You need to allow time for paperwork and cheque or electronic payment.

All the options being converted will add > $8M to the company bank account. So that's a good thing as market will recognise that the company is cashed up for work through 2021 ( they won't need to raise cash ).