BRT 0.00% 1.0¢ brainytoys limited

will fly after conversion of notes

  1. 2,239 Posts.
    My feeling is that BRT is being held down by Noble to help with the conversion of his notes - why else did he just sell 500k of BRT? Someone who is prepared to loan BRT $1mill means that Noble wont be able to convert the notes to shares - BRT will just give him back his cash with interest (to my understanding anyway).

    One of the big questions at the moment is will BRT put a sales forecast out prior to the EGM or after the notes have been converted. I expect a forecast in the half yearly of "breakeven" but a sales forecast in the next couple of weeks, when the contracts from the toy fair are confirmed, of a significant profit coming for BRT.

    Let's just wait and see for now.....
 
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