All the companies were starved of funds to make MFC work and that's now gone. Most of the companies really weren't that profitable when BRT acquired them.
Lebbon wants his money and he's owed $1.3mill and he has a fixed and floating charge on all BRT assets, to my knowledge.
Blackwater aren't going to give BRT the money unless BRT can indicate what they are going to spend it on - and what would that be? Paying back a shareholder his cash? Hardly a good enough reason to give BRT $4mill esp. when BRT are VERY VERY close to insolvent
BRT Price at posting:
1.1¢ Sentiment: ST Sell Disclosure: Held