Tim Lebbon (Noble) didn’t increase their holdings. They infact have been selling. The 21% you refer to is what they would own if they converted all their convertible notes into shares.
FWIW, I don’t think its Larry selling. IMO its just a few smaller shareholders spooked about the prospect of VA.
I agree with Lindo, this baby aint dead yet. Profit margins are healthy. The demand for their product is there.
IMO the Blackwater deal will go through and BRT will be in their strongest position in history, with a clear gearing structure, working capital and 4 well integrated businesses
BRT Price at posting:
1.2¢ Sentiment: None Disclosure: Held