Ann: Offer to RLEOA Option Holders, page-19

If you were a newcomer to RLE, like the story and wanna get a foot in, you might try to get in as follows:

To get a 10% discount on the current OB price of $0.035.

buy 1,000,000 RLEOAs @ $0.005 = $5,000 . if you can get them .
convert to 400,000 RLEOBs @ 0.019 = $7,600
So you will have paid $12,600 for 400,000 OBs @ $0.031, a 10% discount to today's OB price.

Really depends on what happens to OA price between now and the sign-up date for the new OBs

If you believe in RLE then 17.1c (14c + 3.1c) will be a steal.