For example If you bought options at 3 cents with exercise of...

For example
If you bought options at 3 cents with exercise of 1.2 cents it means that you can convert to normal shares once you pay the exercise price .
Call the company for Exercise form from company pay some money example 10000 shares x 1.2 cents= $120
Expiry late 2019 (past Ann)meaning you have plenty of time before they will forfeit if you don’t proceed with conversion.
If you proceed it converts to a normal share.so if its 10 cents after converting that’s the price.
Hope I helped not qualified .