If they don't release something to the market very significant...

If they don't release something to the market very significant next week they run the risk of not getting the options converted. In that case I suspect they will be running with little cash available. On the other hand if the options are converted then their cash position will be a lot healthier.

I need to give them $80K to convert my options. I'm prepared to do it but would need to see the share price around 10c+ before it would make sense to commit that much cash.