AER Energy Resources, Inc (AERN)

[john44]

This maybe the connection to the $10,000,000 letter of credit. If so this could be big. Stan Wilson is also the president of FTPM (as well as AERN).



May 27, 2011 (Scottsdale, AZ) FTPM entered into a Letter of Intent for the formation of a Joint Venture to access Exxon Mobil fuel to be supplied pursuant to a Fuel Access Supply Agreement. The JV requires a $10,000,000 stand-by letter of credit and will generate an estimated $420,000,000 in annual revenues and $5,000,000 to $10,000,000 of projected net profits to the FTPM JV position. FTPM is actively seeking the SBLOC required under the JV.