Ann: Trading Halt, page-54

And hence being bent over
Rich people are rich ... but they didn't get to where they are for being a total imbecile
Even with expected U prices to rise in the future, supply/demand imbalances, lack of new projects coming on board or many years away, etc etc, the history of PEN as a company does not read well with numerous issues ... some were self inflicted and some were out of their control ... either way it is an issue with potentially more issues in the future with timelines pushed out, commissioning issues, chemistry and the like
Hence, if you are asking rich people to stump up money what is the risk/reward to entice me? ... well the answer is $0.075 with an option to sweeten it (stupid unlisted option IMO). It also shows what the rich investors think of PEN.
As stated by fluffy, some will stay and ride it while others will look for a quick profit and hold the options (let's see the option terms). That's the game and everyone has their own goal/agenda