Karma,
The loan doesn't need to be paid back in 5 years, which means they still have time to prove itself.
PR seems to be still confident,too, since they have set it up as convertible, instead of pure loan. Same as IPL who will take up the additional shares IMO.
Of course it's still full of risk. But that's why the share is at this price...if all proven then its price is already in the sky.
DYOR
