ELLO exercise price is 12c. I have noticed that the options have...

ELLO exercise price is 12c. I have noticed that the options have always traded at a discount. There always seems to be more than a 12c difference between the stock and options.
I find it hard to believe that a deal worth $3.5m to shareholders had no effect on the share price. The market cap of Ellendale is only $8million. Surely there will have to be some movement today.