Hi guys, in regard to options, I have only ever traded options...

Hi guys, in regard to options, I have only ever traded options the same as heads and 99% of the time have been well out of them before expiry. I have looked for answers but nothing is clear to the following: Can i convert my OB's to ordinary shares now? I have 500k @ a now set average of 0.4c  for $2000, but would now prefer to be in CTM as a longer term investment. Would it be a straight swap of $2000 @ current SP of .6c? Or considering OB sp at the moment of 0.2c, $1000 worth at 0.6c? Or strike minus current option price, or strike minus buy price?  Or current SP minus current option price? I'm talking about straight conversion. Even so, does the strike of 1c have any relevance for straight conversion? If they pump it to convert the OB's, as they did with the OA's, then there's a good chance they will get close to that 1c strike. I'd prefer to be in CTM well beyond August expiry and get set in ordinary shares. Clearly I have no idea as it was never my intention to exercise or convert any options, just trade them in and out and move on, but the CTM story just keeps getting better and better  Any advice greatly appreciated