I guarantee the Board would jump at the chance to u/w these...

I guarantee the Board would jump at the chance to u/w these options whether the share price was 2c, 4c, 6c or 10c

The last options exercise was a disaster. It was because the register is full of small retail shareholders who aren't the sort to convert, even when its in the money (check your own position as an example)

They didn't have an u/w deal before because no one wanted to give them one. No one needed to manipulate the share price to get an u/w deal filled.

That's why this is important. Its further large money backing that hasn't really been there until recently.