LWR - I did the calcs and came up with 0.38mm however assumed I must have transposed a decimal point as I can't believe that this amount of liquid could possibly pass through a hole about the size of a hyperdemic needle.
As for 2.2c ... yep - am mystified. Unless this is selling anticipating a long delay until the next announcement (let's face it ... probably not an unreasonable position) or a capital raising (which is a possibility however relatively remote in my opinion in the near term) I just don't get it.
As far as the option holders are concerned ... I feel for them as it must be a whiteknuckled ride ... I guess this is why I only buy heads when it comes to spec trades
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