Hi Andrew,
Yes they are exercisable at 1.5c. No obligation to do so but they are so far in the money that one reasonably expects all SSN options will be exercised at some point over the next 16 months.
Alternatively you could sell them to the guy in the queue at 8.6c (not the queue jumper at 8.8c)....... only joking.
ssno december 12 option, page-2
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