i know what you're saying, but if you had any confidence the...

i know what you're saying, but if you had any confidence the price would get high enough to convert the options, but only wanted to convert a portion (perhaps due to the cost), you would still just buy your whole allotment anyway because if the price did get up over 4 cents the options will have a value multiples of the 0.1c cost price.

how much of the allotment anyone converts at 4c might come down to individual financial positions in Jan18, but i cant see that effecting how much of the allotment people would take up for 0.1c now. I expect holders either took up all of it or none of it.