exercise of options

On both 12.1. and 18.1. VPE announced the conversion from options to shares that have taken place.
If my calculation is correct, the total of the two ann. adds up to 1'466'998, which represents 16.71% of the total of 8'775'000 options per end-January 2010.
So, again, IF my calc. is correct, a lot of options will still need to be exercised. Hence, I foresee a number of good news coming out from VPE in short order, i.e. today already one in connection with Growler. In the days ahead something about the two drills in connection with MHL and perhaps even something else on either the oil or the CSG side of things? Comments welcome.
If the company would not have done an SPP late last year, the option conversion would have been a much more sure thing in my view.
All JIMHO, of course.
wasa