“Florence’s fucked, Eli. She’s underwater on her ratios, the audited financials might as well have been written in crayon on a diner menu, and she’s got fifteen material contingencies under the couch cushions. But you know what’s fucking brilliant?” Eli shook his head. “The insolvency clause. If Kline is unable to meet its financial obligations or pay off its debts, the lender will be able to convert the debt into equity—or claim ownership.” “We knew about that already.”
