Ann: Dispatch of Entitlement Offer Prospectus, page-7

There is a proposal to be voted on at next AGM, if it gets approved then there will be the ability to do a 1 for 1 on the RR1O options @ .0002 or .001 post consolidation.
So basically as long as the consolidation and RR1O offer get accepted then you can get new options with an expiry of 3 years from date of issue. So gives you more time for the share price to go up and it be worth while to convert to ordinary shares. you do have to fork out a few more dollars, but i personally think its worth the chance.

But pretty sure its no good buying options now, so you can convert if it gets approved, as i think the cut off date to own them has passed.

But do your own research as my word is not gospel and i am not giving financial advice just my opinion..