BIT 0.00% 5.4¢ biotron limited

Could someone please help me, i'm new too options. Is this...

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    Could someone please help me, i'm new too options. Is this right? (Example) I buy 20,000 BITOB @ 5cents = $1,000. If i convert at exercise price 5cents is another $1000 cost. I now have 20,000 Shares which i can sell for 26 cents = $5200. Profit = $5200 - $2000 (conversion and option price)
    Sorry if has been answered.
 
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