highgrade interview with ceo peter batten, page-3

I reckon these options have been a big drag on this stock for some time now. It always amazed me why the WCUO's were trading at times as high as 4c when WCU never showed any real intention to go up for real. I think there were some big games played with the oppies till the end days. And a few poor sods were left to pick up pieces. Too many options and hand and not enough cash to convert. If you bought 1mil WCUO at 1c only cost you 10k, but to convert you'll need cool 250k. So I bet you a lot of them will end up unconverted.
I think once oppies are out of the way there will be nothing left to hold the stock back. Only way is up.