I believe they are part of the registered as soon as they are exercised. Please ensure your facts are correct.
It's interesting that you've now added the caveat at the end of your last post that its just your opinion (OF WATCHING OTCBB STOCKS AND UNREGISTERED SHARES). Are you sure you've got your facts straight? And you know of this particular company which you have made these allegations?
Well, you've made some pretty serious and concrete allegations and we need to make sure that what you've stated as 'fact' can be verified. If not, then this needs to be investigated further. Thanks. GLTA.