It says in the first part how they likely plan on paying for the loan: ...or the receipt by the Company of net proceeds of $1,000,000 from a private placement of the Company’s securities.
There is lots of language in there addressing possible mergers/deals. The main thing is...don't you think since Mr. Blech will likely be joining us as a shareholder...he'd want his shares to be able to be traded freely? And the shares aren't being given to him. He will have to purchase them (exercise the options) from Stratus. I think it's finally getting near the end of this "limbo" we've been stuck in.