If you exercise your oppies, you'll be paying 31c / share for 100k shares. You could - you know - buy off-market shares at 15-30c which will work out cheaper for you, with the same amount of shares.
Look at the Off market shares sales thread (now locked) for email addresses to sellers (myself included).
So... yeah... you'd be stupid to execute given there's a cheaper method to acquire the same thing.
ISX Price at posting:
$1.07 Sentiment: Sell Disclosure: Held