Just a thought (and probably a silly one at that)....whoever has...

Just a thought (and probably a silly one at that)....whoever has enough cash to convert now....maybe they are taking a punt...that they convert now then sell their now fully paid shares for say 18c...and hope fully paid shares drop to say 16c...and hoping that will smash the option price back to 2c...and then buy back twice as many options as they just converted thus doubling their holding for the same cost....very risky punt at this stage of the game though...and i'm probably way off in my thinking...as volumes have been so low to pull it off anyways.