You are both pretty close to the truth...who knows what the heck is going on...

Reading your posts, I can summarize that Elysium is now a separate company and public stock that is going to absorb $1M+ of flip debt, by separate financing...this (if it works as suggested) will mean that USBF could go bankrupt in the future (after paying FTS, of course) and FTS would LOSE the debt...LOL

Would love to meet the spiral note lender that takes on USBF as a customer!!!! would serve the lender right...LOL