Who's selling LYCO?

It seems every man and his dog on this forum is loaded up with the options that were created and gifted/issued 1:2 at last cap raise. So let's say an existing shareholder bought $16,000 worth of cap raise shares at .08 that would give you 200,000 Lynas Shares and 100,000 Lynas Options. The current bid/ask on lyco is .003/.004. Selling the lot would net you just $300/$400 minus brokerage fees. Who would do that? You'd just ride them to zero no? or hope for a recovery. It's takes a reasonable effort for little gain from a small retail investor to sell their options.

Which begs the question what is the source of the options everyone is buying at 1/3 of a cent? Can only be Pattersons right? They were issued hundreds of millions of them right? So if Patto's are the source what does that say about their view of Lynas near term prospects?