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BRT - BrainyToys Limited

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Re: BRT - BrainyToys Sales Numbers Confirmed at $20m

Good to see the announcement out today that sales of $20m have been confirmed on the back of some trials with the major supermarkets/shops in the US. Now that funding is secured things are looking good for BRT shareholder!!!!

The news on dividing of the company into 2 seperate entities is interesting, what are others thoughts?

SLE
 
I'm not sure if the split means two separate listed companies or two companies under the BRT range. I'm hoping the latter.

Good announcements though, very pleasing, bit of a shame the share price didn't really go up though.
 
My thoughts are 2 companies under the one BRT banner. This could also provide the ability a couple years down the track to spin-off but at this point in time the 2 have a direct correlation ie. BRD are going to create platforms to sell some of the BRT lines.

I think its a good move considering BRT will use all of their recent funding to process toy orders (which are paramount at the moment), so this helps them keep their finger in the pie with some other areas they have already done market research on and spent money whilst bringing in extra capital and expertise from a JV partner.

As soon as I can get some more cash together I will be topping up!

SLE
 
The signs are not good for this West Aussie cellar dweller - 14th November will be placed into voluntary receivership if finance deal not completed or asset sales finailised. Two directors have already jumped ship. Could be all over by Friday.
 
Stay of execution ... company now says there is a reasonable expectation of the settling the loan and proceeding with the buyback. Next steps for this marginal company will be interesting.... it looks like a week by week proposition.
 
Well the Chairman's address at the AGM wouldn't have filled anyone with any confidence...... tick tick tick
 
Another non-executive director resigns.... now only three directors, including MD.... tick, tick, tick....
 
Voluntarily Suspended........ pending an announcement of funding or asset sales..... TICK TICK TICK!
 
any news on BRT???

Suspended since 7th January and nothing since...... are the phones still on?

TICK TICK TICK..............................
 
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