I spoke to the company directly, and have a better understanding of this now. I can convert my options to shares if exercised by the 31/3, which avoids them becoming worthless.
MKT The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint
Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%