I'm not sure anyone would be able to get the number of shares needed for acquisition for under 30c. Plenty here have said they wouldn't sell for under $1.
By my calc selling now at 21c when benchmarked against the cap raise values the options at 6c (selling 2c below the cost to buy a replacement share in the cap raise in order to get 1/3 of an attaching option). Maybe getting a little high for some with 35c strike price you'd only be taking the money over 41c. Prob why it is finding a bit of a bottom here right now and some indication that the cap raise is holding the price in position just at the moment.
AR9 Price at posting:
20.8¢ Sentiment: Hold Disclosure: Held
