The holder of options has the right but not the obligation to convert those options into full shares at a predetermined price (exercise price) anytime up to the expiry date of the option. In the case of BASO, options have an exercise price of $0.12 and expire 30/09/2024. Options can be great for leverage but watch that expiry date, I have been caught out a few times with worthless options. List of options and their expiry date can be found at:
