with the gdaoe oppies due for exercise by the end of the month,...

with the gdaoe oppies due for exercise by the end of the month, then the share price is looking grim. if the share price stays at this level, then a lot of holders will not take the chance to exercise. of course, if they throw in the 1c, to exercise the option, they get a share PLUS another option , which in the normal course of events, could be expected to trade at .3c (if the shares trade at 1c) - but with an issue on the cards at about .5c, then maybe there will be a reluctance to exercise the option

ok - it could be that some of the recent selling is from punters who have shares and options, and they are selling the shares, to provide the funds to exercise the option