GO BIG!!!, page-96

Generally speaking I don't have a problem with CRs, providing they are well reasoned and that share holders aren't completely excluded in favour of institutions from the process. In other words I wouldn't have screamed the place down. I actually took part in the 12 cents CR.

I am actually concerned about directors (assuming they have full knowledge of the financial arrangements and the REAL financial accounts) having bought shares on market around $4.25, because that makes me question their financial acumen.

As I said, I still believe BIG has a future. For the most part this will be in the US where the the financing is entirely different to the Oz side of the business. I now do have concerns that the company has mentioned that it would look into similar financing arrangements for US customers as what are in place in Oz.

When I said that I don't give a hoot about a video library, I should have stated that this is my view for right now because I first want BIG to fix up the financial mess it has found itself in, which is purely a Pillar 1 mess. I appreciate that Pillar 3 is important for the future, but for now we have more urgent matters to attend to in effort to regain Mr Market's trust again. Management has deliberately pulled the wool over investors' eyes through misleading financial information, including audited accounts. If I can't trust audited accounts, what can I trust? Some investors paid as much as $4.98 per share on the back of these accounts. I'm looking forward to having greater clarity before much longer and I'm hoping that it won't look a complete mess. The SP is going to plummet regardless in the short term. My decisions will be based on whether I think it can recover. In my opinion the current arrangements with FCC need to be renegotiated in favour of BIG to help create confidence in the financial viability of the company in the short term. Alternatively find another company to provide credit.

I also want to see changes made at the top. Richard Evertz now has two strikes against him, which is at least one too many. I don't believe he can be retained if the company is going to regain credibility. For me the jury is also still out on Massy as he has presided over the mess we now find ourselves in, but perhaps he can prove himself by clearly articulating how BIG will get back on the course most of the holders thought we were on only a few weeks ago, and then by overseeing that management stick to this plan to the letter. Steinburg did give me confidence, but I now have to question whether he knew all the relevant financial details when he committed to BIG.