I am very confident that it will have a 3 in front of it shortly...

I am very confident that it will have a 3 in front of it shortly - low 3s seems quite realistic because to me there is a real issue for some people in whether to convert and throw "good money after bad" from their perspective. At the moment and with the short time frame, the price at 3.5 c under the head price is not realistic - a gap factors in the risk - this is what I have been saying for weeks, but people have accused me of all sorts of things. I have a large holding and am hopeful, but I am also in a very fortunate financial position, so if it all went pear shaped it would be the end. But I also wouldn't spend 4 c on an option with the short time frame and significant failures by the company to date.