AFR claim Big Un has links to $10m 'Ponzi' accountant, page-25

wow, interesting waking up to a headline like this!! ponzi scheme??

i am very new to the stock so will keep an open mind as i dont know much to have an opinion either way.

1. cash in hand/bank at qtr end was circa $31mill... so this is real cash receipts (the previous article which referenced some 15k credit vs 12k recording of payment by the financing entity would not generate real cash... so that allegation is neither here nor there)
2. company expects run rate of 100mill cash revenue in the near future... that would imply the trend in Q3 has been similar if not better. this info would be handy in determining the growth rate.

if GSW did not disclose the true extent of its contracts... what could BIG be hiding if similar allegations are being leveled? there isnt any concentration of revenues linked to individual entities, so no immediate similarities. maybe they were generous to insiders/vendors... ok, but it still doesnt take away from growth forecasts or potential.

i fail to see the big risks here... there is no inflated revenue reporting, just cash based reporting which is verifiable by looking at bank statements. unless the financing company is lending cash reported as sales to customers and expecting discounted stock in return - which is mega dodgy and would be the mother of all scandals - hence highly unlikely.