The Final Charge , Phase I/II MND Results & FDA ODD Approval Catalyst, page-377

For those holding the original replacement options and thinking about selling on the market please do your maths before you do.

if my sums are correct and based on closing price last night
Lets say you obtained 10000 options at .006 total cost $60

and you sold them for .19 cents return $1900 less brokerage

now if you converted those options with money going direct to PharmAust, conversion cost 10,0000 x 15 cents is $1500

if you then sold those shares on the market for 38 cents return $3800 less the $1500 you paid means you left with $2300 less brokerage
So your return if sold on market with no money going to PAA would be $1900, however if you converted then sold you end up with $2300 and PAA would get $1500