Isn't it a convertible note? What's the plan. Do you think Resilient is hoping that the drilling will happen before Christmas, oil production will increase, gas off take agreement. This will boost the stock price and then they can convert to stock at .007?
Help me out with some hypotheticals here. Surely Resilient isn't a bank just loaning money to get interest in return, especially if FPL is as risky as you all talk it to me. I agree with you for the most part though, the numbers show very high risk.
Is that how it might work. The plan could be the FPL never actually has to pay back any of the loan/interest because Resilient will just convert to stock? I'm uneducated on how these things actually work.
Thanks
Ann: Quarterly Cashflow Report, page-6
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