With an option strike price of 20 cents + the problem for option...

With an option strike price of 20 cents + the problem for option holders is selling large quantities become problematic unless someone with deep pockets wants in. We could see some holders dump them at a discount if they do not have the hundreds of thousands of dollars to convert if they are holding millions of options. While it may seem silly it is likely they will be still making a big profit on any option sales above 10 cents. IMO if you have the money to convert on commercial flows you will be better placed to make as much money. Exciting times ahead and as for it going to 2 cents I think many holders will be beyond upset if this well is not commercial after the many setbacks over the years.