Simple maths would have told you that he would need 0.19 x 1,500,000 = $285,000 to convert his options.
100,000 shares @53c only gives $53,000...
So you might want to wait and see if another announcement comes saying he has actually uses it for that purpose.
AXE Price at posting:
50.5¢ Sentiment: Hold Disclosure: Not Held
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