the capper's gone?, page-2

Ok I have been given 90 000 of these things (options), there were numerous post by some people Pre capital raising telling us how they were useless, and they would never be worth anything because they were given away by a desperate company, desperately raising money.

Looking at my portfolio they definately look like they are worth something, so before didn't really care about them, but now I want to know how they work because they sure look like real money to me.

Is it once share price goes above 7.5c they are in the money, so share price at 8.5c means they are worth 1c?

If so I am amazed that these free options that would never be in the money are worth so much.