hi rony. One way to look at it is the options you hold are worth...

hi rony. One way to look at it is the options you hold are worth nothing if not converted. If you were to decide to not convert them and buy on market you would pay 32 cents. So you would pay 32 cents, plus the 8 cents loss you made on the oppies so essentially it has cost you 40 cents. While the options are worthless if not converted it allows you to buy 1 share that is currently valued at 32 cents for the discounted price of 30 cents, so i think the real question is do you like the prospects of this company LT? If so it's quite simple, yes i would convert them as you wont recoup that initial 8 cents either way, for now anyway but you are 2 cents in front with conversion of oppies.

(No advice given, just my unprofessional opinion)