That is correct TC only exercised his required filling, should he want to exercise his options in the event the share price is above the issue price as stated on the form that is required to be filled out as indicated, when the options were offered.
Many mistakenly believe the form to be the actual exercise of those options. The required form notifies the public not of TC’s intent, but his rights to those shares as stated with the current expiration when they were offered.
He can purchase those shares now if he wants to at the issue price and sell them for a loss right now or hold them for a gain should the SP exceed the issue price or he can as he is doing now, securing the rights to those shares in the event the share price rises above the issue price for any reason. For example: LQMT is sold or LQMT inks a contract for revenue. Or somehow the www is successful at pumping up the share price.
Good luck to you.
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