Unbelievable that it was suggested that they had some difficulty raising the cash. I thought the take up of the options was pretty good, unless Criterion was suggesting that BRT had attempted to use other methods to raise some cash first, which I don't believe was the situation.
I attempted to purchase 5 mill BRTO's from RM Capital and was prepared to get as many as they would sell to me. I got NONE of the shortfall, so I'm not sure there were too many problems with the raising.
BRT is struggling due to it being a microcap, not having earnings, many recent acquisitions, lack of a profit forecast, multiple raisings in the past 6 months, and FUN struggling as well.
Going to be an interesting next financial year as that's when we'll actually see how things are going. Wont be much exciting stuff in the current financial year.
Unbelievable that it was suggested that they had some difficulty...
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