why don't you just take a tax loss and buy back fully paids onmarket @ 0.002 at these prices there really looks very little point in them re-issuing those options...
the only logical way it can really be viewed is you want an extension so you can P&D them at some point - if you really ever had any intention what so ever of converting those options at 2.5c you would also have no issue with buying those fully paid shares right now @ a 90% discount to the expiry price....
If they re-issued them to you in a non-quoted listing meaning you are unable to trade them but still held the right to convert them at 2.5c sometime in the future would you still be interested ?
I'm not a holder of any stock just observing
MHL Price at posting:
0.1¢ Sentiment: None Disclosure: Not Held