Treat the options as you would normal sgares. Buy and sell them as you like. If you keep them until Dec 2009, you can either sell them, or pay 3 cents per share to convert them to fully paid shares. If you pick them up today for 0.005 and the fully paids are 5 cents come Dec, you have bought the fully paids for 3.5 cents, scoring an immediate profit. If the shares are not over 3 cents (which is the options conversion price), then just sell your options on the market as you would with any other share.
Easy
Treat the options as you would normal sgares. Buy and sell them...
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