Reading the announcement implies that they are considering either an equity or debt option.
Obviously the debt would be the preference of equity holders, as it means our stakes are (at least initially) not severely diluted... but im with Rifici, there are some smart people running the show and while a significant equity injection may result in some management/board changes, lets get back to basics and use the IP that is within the business and start tackling the majors.
I got interested in BRT when they had just announced the Enertec and Reveal purchases, as I felt that these businesses, along with the development of the BRT suite of products (whatever happened to those little green things on the annual reports?...) would be a solid foundation for profitability.
Back to basics as you say
But first, lets see if we can get some cash and where from
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