The money is needed now, not in a couple of months, but now. Not...

The money is needed now, not in a couple of months, but now. Not after investigating "other avenues". The other avenues could be worse.
It may not be enough but its a heck of a lot better than the 1.2 mil from the options.

Personally I think congratulations are in order for being able to rescue a reasonably respectable amount from this diabolical options "event".

My impressions of the last six months leave me with little doubt that the driving down of the share price to .017 had a negative effect on the options. Anyone owning options with the intent of exercising them would, at .017 be seriously considering flagging them away and buying all the way up to .025 in a win win situation. They would then chuck the options on the market for any extra dosh if they sold. Hence the 67mill left on the market at closing that remained at whatever they were lodged at. There was no desperate dropping to .001 in order to retrieve something.