" Changes at Brainytoys 16-July-09 Written by Rebecca Lawson
PERTH toy company Brainytoys is poised for a major change following a $1.5 million helping hand and the appointment of three new directors, including a former West Coast Eagles managing director.
Late last year, Brainytoys was teetering on the brink of collapse after it was unable to secure funds to fulfil its contractual obligations for the acquisition of a toy company in the US.
Shares in the company have been in voluntary suspension since January as then directors hunted for cash, merger opportunities and held talks with prospective buyers for Brainytoys assets.
Article continues... "
Full article if someone has access. Date says written tomorrow which is clever.
BRT Price at posting:
1.0¢ Sentiment: None Disclosure: Held
