Not sure why they would ever exercise options, they can just do private placement to themselves for .02. The only reason they have them is just in case this goes to .20+ and stays there (as SRSR or later as NIO/STRC). I wouldn't expect them too exercise until after it's a sure thing. By the setup of the expiration dates, they to expected much more by now. Of course they would install some confidence if they did so now.
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