2016 will be great fun...
Oil stays UNDER $50.00/bbl, conversion economics extend beyond 5 years and ROI's go negative...
The $150 million Note comes due
The ATM raises only $50-70 million and DILUTES the existing shareholders by 20-25%
We win Miami-Dade which gives us relevance, but loses money.
We LOSE Miami-Dade which proves we are no longer relevant, but we don't lose as much money,, so that we linger on life support a little longer.