I understand holding oppies would be a huge risk. (You buy 5.6 mil for 0.003. If its not in the money come 30/06 you either lose your 17k capital or have to pay
5600000 x 0.015 = 84k, to convert.
But my point is that if the expectation is 2.5 cents, 0.005 should be a very reasonable price to pay for options (you get a 20% discount). If there are people with confidence in the product and the company, and they are in for the long term this would seem great value imo.
So I would've thought there would be small buyers of 500k-3 mil, who would take the risk and have the cash to convert no matter what the price ends up being.
But then again with this company, if theres a pump in SP followed by a TH its good news. We just gotta wait to see how good i guess
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