Ann: Notice of General Meeting/Proxy Form, page-11

Options have a strike/exercise price, which is the price you pay to convert them into shares (TV2O becomes TV2 - one for one).

TV2O is currently trading at 0.1c, and have a strike/exercise price of 4c. This means that you are essentially paying 4.1c for each TV2 share. You can however just hold onto the options and trade them just like shares (under the code TV2O).

The gotcha with options is that they do have an expiration date (in TV2O's case it's the end of March 2019 - in a month's time) and if you do not exercise them (pay the strike/exercise price) then they are gone. The good thing with options is that when you exercise then, the company gets the money.