Ann: Notification to Optionholders, page-4

From my post:

Options Exercisable at $1.296056 on or before 16/05/18: 13,367,710
The company should expect 8% dilution and $15m cash from options conversions, with the options clearly in the money.

I expect near 100% of options converted, as it would be crazy not to. It's free money. Get ~$0.53 profit per option by converting, or get $0 by not converting.