SFGO - why do people go the options route rather than the shares route?

I don't understand the options market in the case of SFG.

If you had $2011 in your discount-broker trading account, you could buy yourself 57142 options in Seafarms Group - SFGO (assuming $11 brokerage). These options expire in 2021, and have an exercise price of 10 cents, so they would cost you $5714.20 to convert into shares by 2021 - so your 57142 shares in 2021 will have a cost-base of $7725.20

Taking the same $2011, less $11 brokerage, you could buy 25,000 shares outright, have votes in the company, have the right to future share places and be earning "time in market" for CGT reasons.

Now I get that if the company is worth 50 cps in 2021, you'd have made $20845.80 via the options route compared to $10489 in shares - is that why people are buying these options so far out of the money? Because of the potential upside? Are they really comfortable risking that the share price will be greater than 13.5 cents in 2021? Isn't it effectively just a bet?