I think people need to understand the credit crisis and what is...

I think people need to understand the credit crisis and what is really going on in credit markets

The issues that the large companies are facing atm relate to both the CP market and the wholesale funding markets

It has NOTHING to do with the type of finance BRT are seeking.

If Lindo’s comments are right and Blackwater are after a 2nd mortgage on the receivables, then we are about 90% locked in with this deal. That is a positive.
Yes its going to be costly as Rifici pointed out, but better than the alternative.

As for future gearing. I think a factoring facility and a purchase order facility is all that is required to run the business. One to speed up the manufacturing process and the other to speed up receipt of payment.
They certainly have the product range to ensure success.