Mpjo, page-5

Yes.

Strike price is 1 cent. Expiry is 30 June 2016. (Please note there is also MPJOB which is 1.5 cent nov 2014 expiry).


Essentially means you can buy shares for 1 cent on or before that date. (Or you can just sell the options on the market before then).

As the current share price is below 1 cent, it is cheaper to just buy shares on the market.

If the price is still below 1 cent on 30 June 2016 they will get thrown out as a result.

The reason the options have some cash value is due to their ability to leverage.