stakddek, i would believe that the .02 options will be reversed along with all other options, shares, etc. I didn't track down the exact wording, but i believe it is covered in the proxy material that such options will reverse per the outcome of the vote and then managements decision.
Thus imo, these .02 options and shares, should definitely be impacted proportionately by the reverse outcome, just as our shares will be.
so if a 1/10 is initiated, these 5,000,000 options at .02 would result in 500,000 options at .20.