Think they were 2c so post consolidation 16c.I actually thought...

Think they were 2c so post consolidation 16c.
I actually thought 24.5c would be OK if shares traded at 40c (8 times 5c) but now looking at 33c trade range (& limited time value at these low interested rate) 17c doesn't look cheap.
These options are lightly traded, low liquidity.
Remember as leveraged products/plays. any decreases in underlying share price equally leverage the loss of the option. Which is why they are usually handed out for free at time of a CR (as cherry on top).