You just pay the Exercise price of 2.5 cents in November 2025 to the company, and then you own a full share but hopefully the head share price will be way above the 2.5cent exercise price in November 2025, and of course you have to option of selling the options anytime at market price…… Hope that helps NSL let me know if you still dont get the gist of it, once you get your head around it it’s makes sense, the company raises capital and loyal shareholders get a huge bonus if Cerebus goes to plan, those options could be worth God only knows if Cerebus is a Darado.
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