Firstly, I thought the SP was around 34c when they organised the $1.4M capital investment from a loan shark.. and would have preferred some options exercising then.
34c / 35c... what's the difference?
Secondly, you didn't refute what I said:
"*IF* they are sure SP will be > 35c by date of expiry.... then they make the same profit if they exercise them now or wait till the SP is north of 35c then exercise them."
