Positive finish to the week. Options languishing with no-one...

Positive finish to the week. Options languishing with no-one willing to pay above .9c. If confident of the results (as much as one can be at this stage), why aren't more people willing to buy at least 1c oppies (still a decent discount) and just convert to cheap shares at 1.3c with the SP now at 1.5c? Tempted to do this myself, but am I missing something? Doesn't seem like the SP will regress to 1.3c now with results looming. Also with such long expiry, even if results are worse than anticipated there is a lot of time for MLS to make it up!