tim lebbon selling

It appears Noble dumped shares earlier this year and have just announced it today. It seems that they were prepared to dump at 8c and above. This poses a problem for BRT because BRT have the option of paying Noble back the loaned amount of around $1.3mill + plus interest at around 10% or converting into shares and giving tim the shares.

1) Paying Noble back their money is probably the best option IF BRT can actually get a loan in the first place.
2) Converting the loan into shares is going to be highly dilutive as well as probably acting as a cap on the share price as it appears that Tim is interested in dumping his shares on the market. I don't think I'd want 30mill shares in BRT based on their liquidity and the way they continue to live on the edge. Tim may even be worried about BRT being able to afford to pay the interest on his notes, esp. if Blackwater don't come to the party.

Who knows what BRT will do or are even thinking of doing, but it is very obvious this it is all coming to a head and we'll know the outcome in less than 4 weeks, most likely by the end of next week IMO.

I'm curious why it took so long for Noble to notify us that he had been selling