Why not change the strike price on the options to ~1.5c. If Nicks short term plans come to fruition this price should be easily achievable. This will keep the options holders happy and take care of the additional 2.5m TV2 have indicated they want to raise.
I would prefer this to another con note deal and the excess money raised will ensure we have adequate cash come April when we need to start repaying the loan.
Two birds one stone.
TV2 Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held