Basically you are buying an option to purchase the share by the July 2020 expiry.pls dyor but
so if you had 10,000 options you could exercise these at a cost of 1.5 cents per option and you would receive an ordinary share. The amount goes to the company. You would receive 10,000 shares in that example
When the share is say .07 and the option is 0.03 at the moment being a small gap its “cheaper” to buy the ordinary share
if you think the share will go up to over the purchase price plus 1.5 than option is the way to go long term and you could potentially get in cheaper if the shares sky rocketed
otherwise you could let them expire or sell the option prior to expiry
