Nevermind, I just saw Dr F's explanation from last time (I ve...

Nevermind, I just saw Dr F's explanation from last time (I ve pasted below).. the ones they converted probably were in the money.... I'd still be using the money to buy more instead of converting.
CC

"WOW and here we got our first options exercised ! these were options exercisable at 0.015$ 6million options of these got exercised for 90.000$ directly into the treasury of BSM !

This is just the beginning ! there remains 38 million options (unlisted) exercisable at 0.015$ with expiry date set in december 2018. These are already in the money and means BSM will get in its treasury another 570.000$ in addition to today's 90.000$ of cash.

For listed options : 678 million exercisable at 0.025$ with expiry date set in december 2018. If exercised (imo they will be soon in the money) they will bring BSM : 17 million $ of cash THIS YEAR ! probably enough for the construction of stage 2 and achieving 20.000tpa+ production capacity ! with BSM soon to be cash flow positive No need for further dilution anytime soon !

Happy multi-bagger graphite and lithium investment to all !"