I am not sure how you get the $4500 and 150,000 shares from 100,000 options with an exercise price of 3c.
My take is you pay $3000 and get 100,000 shares so your investment of $1400 plus $3000 to convert ($4400) and the shares that you now own are then valued at $20,000.
Correct me if I am wrong.
Gary
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