I have 100,000 ESIOB and need to take the ELF or let them...

I have 100,000 ESIOB and need to take the ELF or let them expire.

Problem is there is a $200 application fee + interest rate.

With an exercise price of 1.5 cents, that mean I need to borrow $1,500 and hopefully exercise them at a SP above 2 cents to make it profitable.

What would you do in my case? Sorry I'm a newbie and I'm not 100% how this works although I have been going through the announcements and details on the ETC finance website. I have also contacted support but they haven't been very helpful.

Thanks in advance for your help!