Signs are pretty clear that management will let options expire...

Signs are pretty clear that management will let options expire as most of them do under brokers instructions. Get the price low as possible so that clean up for anticipated cr. Followed by huge pump by the same broker say over 0.20 for get nice allocolation. the end option holders lose out and win/win for brokers.

Also note option holders will start selling and seems already started to avoid losing everything unless they wiling to convert. Any left over cash they will buy heads