I am assuming you can sell on Monday 13/08 (Ex date) and still be eligible to purchase the options at 1c
" Tao Commodities Limited (ACN 618 935 372) (TAO or the Company) is pleased to advise that the prospectus for TAO’s pro rata non-renounceable entitlements issue (Options Issue or Offer) of approximately 15,375,000 listed options (Options) at an issue price of $0.01 each (Issue Price) to raise approximately $153,750 has been lodged with ASIC and released to ASX. Each Option will be exercisable at $0.20, on or before the expiry date of 1 September 2020. "
Ann: Pro-rata Non-Renounceable Entitlements Issue of Options, page-2
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