BITOA/ BITOB, page-57

Thanks for the clarification. So, when you say "pay the company 6 cents", this is the strike price (in this instance) and does the company simply deduct 6 cents per option? as in they subtract the 6 cents from each option when you convert to shares. If someone filled in their paperwork on Friday for example, when the SP was $0.17, is this irrelevant and only when the paperwork is being processed the SP could be very different (up or down obviously, with a volatile stock like BIT) so will they convert to whatever it happens to be at the time? Seems tricky! or is this just the risk you take when converting? Again, thanks.