Nobody throws away funds like that. As the options have expired, a cheaper alternative would be to buy on market & could buy the same amount for roughly 1/2 the price, it would have the effect of moving the price up & remove more shares from the market...
But I assume those options were given to them so no hurt money in it to convert.
The company has sufficient funds to continue trading, so no urgency.
M
ALT Price at posting:
2.2¢ Sentiment: Hold Disclosure: Held