depends how much they paid for the options in the first place...

depends how much they paid for the options in the first place imo...

dont forget the initial out lay for the options needs to be considered...

if you paid 1cent for options and spent $10,000, being 1,000,000 options, then chose to exercise them at .005, spending a further $5000, that would be $15,000 investment and the SP would need to be at .015cents just to get your money back... so hence, you would be better to take a lose on the options and just buy the heads if your a believer in GMC and prevent further dilution...

however buying them at .004, and spending $10,000 again would get you 2,500,000, exercising them @.005 would cost an extra $12,500, so $22,500 out lay for 2,500,000 shares, to which you can only sell into .008 at present, so that would be a $2500 loss... I dont see why any one would be exercising options, they would be better just to buy the heads now and forget about the options to again prevent further dilution so the value of the SP holds....