The company at its discretion is able to extend the options...

The company at its discretion is able to extend the options expiry date. I am unsure if this will happen, the company should be able to release sufficient information for the share price to be over 2c minnimum and probably closer to 3c. So at anything over 1.7c ish people would convert imo. The company could do with the cash now, to develop the 2 other products "red and savantac" to market, plus organise international distribution of thermalife. the profits from the above will facilitate the finalisation of Tripeptofen, the best pain relief analgesic discoverd in 50 years (do a google search to qualify that statement)
Once the payment has been payed the holder receives fully paid shares.
I think (i could be corrected) that capital gains on the new shares starts from conversion, so for those looking to get the 50% discount the earlier you convert the quicker the 12 months happens.
Like the Late Big Kev said many times " I am excited". Pno imo offers shareholdrs a stake in a company transforming from an ugly duckling into a beatutiful swan.
Disclaimer: i hold a heap of these and therefore have a vested interest.