Yes, but many small companies with no cash and only debts will not survive the credit crisis and stock market crash, regardless of what sector they are in.
Is BRT a more secure entity for banks to loan to than many others requesting cash? I think not.
How much will it cost BRT if they lose MFC? Legal fees. Costs. Reputation. And obviously MFC will get to keep the 20mill shares they got. Will they dump them on the market?
Noble Investments would be getting quite twitchy as well. If they were to convert now, they would have a sizable chunk of BRT especially if BRT sat at 3c for a couple of weeks.
How does a placement at 3c sound for $1mill, to be approved at the AGM and the rest scrounged up as loans from people like myself and management?
I'm glad there is absolutely no liquidity at the moment.
Yes, but many small companies with no cash and only debts will...
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)