What are you people on about? Its a completely different asset...

What are you people on about?

Its a completely different asset code than the yet-to-be-coded options that were issued the other week. On top of that, 25% don't mature for 6 months or so, with more maturing after every month after that I believe it said (too lazy to go back and check). He exercised options from 4DSAX which were issued some time back when the average trading price was.. 0.037.

4DSAZ : OPTION EXPIRING 31-MAR-2026 EX $0.055 6,207,184
4DSAR : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES 1,200,000
4DSAX : OPTION EXPIRING 19-DEC-2027 EX $0.037 17,500,000
4DSAW : OPTION EXPIRING 31-MAY-2027 EX $0.10 10,500,000
4DSAY : OPTION EXPIRING 27-FEB-2028 EX $0.037 7,000,000

See the prices for each of those asset codes? Thats the cost to convert options to a full share. There are no discounts or any magic erasers... its set in stone with the ASX.

4DSAZ are the options everyone who participated in the last capital raise are holding on to.
"4DS Memory Limited (ASX:4DS) (4DS) (the Company), is pleased to announce the successful completion of a A$5.5 million placement.

4DS has firm acceptances of $5.5 million in a single tranche placement of 152,777,778 of the new shares at an issue price of $0.036 per new share representing at 15.2% discount to the 15 day VWAP.
In addition, for every two shares subscribed, incoming investors will receive one free attaching $0.055 unlisted option expiring 31 March 2026."