You've made this comment a few times and I just want to point out that the BOD will have very good reasons for placing the strike price of those oppies at $1. Reasons that the market isn't currently aware of. So, I agree with you if things remain status quo and no updates are released before April next year, yes $1 isn't going to happen but of course that's not the case.
News will flow, macro events will taper off and the SP will recover. April is 10 months away and a lot will happen between now and then.