options : kalo

I can't for the life of me see why the options are only at .074Buy & .08Sell. They've still got till July 08 & should be going up at least cent for cent with the heads. Maybe the market has overlooked KALO. Over the last few months KAL & KALO have only been 8 to 9 cents apart. Currently they're 13c apart. On my calculations KALO should be at least 12c when the fully paids are .21.

Any clues or are the options the bargain buy of today & the results of an imperfect market? Will they be 12c tomorrow after the market catches on?