Drivel, I've had a read back thru the recent announcements and...

Drivel, I've had a read back thru the recent announcements and you may be correct regarding the factoring facility being the $10mill facility. I initially believed it to be $1mill, however, obviously the quarterly indicated that the facility would give BRT $1mill within 2 weeks implying that BRT had around $1mill in invoices for manufacturing that they needed to pay.

Some numbers/thots:

As they require another $1.5-$2mill short term, that would imply they have
1) used their $10mill factoring facility (85%) meaning they have invoices for manufacturing costs of $11.7mill
2) have another $2mill in invoices coming
3) thereby totalling nearly $14mill in manufacturing costs
4) they have already received $3.8mill for sales between Jan and Jun 30
5) They had manufactured $5mill of toys for the calender up until June 30.

I wonder if they can get cash from the likes of Target fairly soon for a substantial order whether they will have time to reuse the factoring facility to make a few million $ more product. It would be nice...

So based on these figures, $20mill revenue should be a walk in the park.

The prelim. report soon to be released should clarify some of the above hopefully. Maybe a few of us are panicking for no reason