Guys i think you have mis-read what TMT said
"From a perspective of not knowing much about the company, if they give 1:1 options at 1.25 cents, the options would have to have a value of about .3-.4 cents each at current values"
He is saying if bonus options have strike price of 1.25c, then they could potentially trade at 0.3 to 0.4c at current value.