Another AFR article, page-386

First 386 Last

Share
Profile

Follow
wewill

365 Posts.

70

03/03/18

08:29

Post #: 31497817
Share

Originally posted by 5hareholder ↑

The bit I can't get my head around is: if this was a scam, then why were people happy to get paid in equity rather than cash? And why were they happy to hold on to that equity? So many of those on the "inside" that had equity are still holding.

Sales teams are ruthless. Management drive a hard line. Sophisticated investors supported the company. None of that is particularly odd. The AFR article could paint dozens of other sales executives in the same light.

And just on the sponsorship...
Hi
If last quarter's sales were largely sponsored ($18m approx), then that is 90% of the sponsorship cap. But then how did they generate receipts in the previous 2-3 quarter's of high growth. Either a vast majority of the prior 3x quarter's were not sponsored, or indeed they were also a high percentage of sponsored receipts, and they've successfully integrated clients through the financing facility and they've settled with full payment.

Is anyone else perplexed by that? If the vast majority of the sponsorship pool was used in the past quarter, then were previous sales largely organic, or were they also sponsored and clients have settled to provide room in the pool for subsequent clients?

Either there's plenty of clients out there that will sign up on their own accord, or there's plenty of clients that will pay their dues via the sponsorship, otherwise BIG would not have been able to utilise 90% of the sponsorship pool last quarter.

Expand

There are lots of unanswered questions. A lot do not make sense. I agree and cannot work out what they were looking to achieve.

On the face of the article it is a shocker. But what really is happening here?

Need ASX and ASIC to come out with something so that people do not go out of their minds trying to work it out.

BIG Price at posting: $2.22 Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

TBN

Tamboran kicks off Shenandoah South pilot project with SS-2H well spud

PYC

PYC achieves key designation for drug aiming to treat blinding eye disease ADOA

HVN

Consumers cautious according to Harvey Norman, as profit slumps 35% in FY24

CCO

The Calmer Co’s Anthony Noble reflects on record breaking FY24

HLX

Helix investor makes partial takeover bid, proposing board changes

LLC

Lendlease sells off US east coast construction operations in latest global divestment push

Week 35 Wrap: HotCopper’s top watched; ‘iron ore winter’ has started; Oz inflation @ 3.5% MoM; Harris fracking flip

VYS

Vysarn acquires Waste Water Services Pty Ltd for $7.5M; WWS to become subsidiary as expansion continues

Consumer Staples Shine Amid Retail Slump – Key Stocks to Watch

CYM

WA Nifty copper project steps closer to restart with Cyprium Metals inking $40M loan from Glencore

There are more pages in this discussion • 515 more messages in this thread...

First 386 Last

Add BIG (ASX) to my watchlist

Another AFR article, page-386

Top Stories

Tamboran kicks off Shenandoah South pilot project with SS-2H well spud

PYC achieves key designation for drug aiming to treat blinding eye disease ADOA

Consumers cautious according to Harvey Norman, as profit slumps 35% in FY24

The Calmer Co’s Anthony Noble reflects on record breaking FY24

Helix investor makes partial takeover bid, proposing board changes

Lendlease sells off US east coast construction operations in latest global divestment push

Week 35 Wrap: HotCopper’s top watched; ‘iron ore winter’ has started; Oz inflation @ 3.5% MoM; Harris fracking flip

Vysarn acquires Waste Water Services Pty Ltd for $7.5M; WWS to become subsidiary as expansion continues

Consumer Staples Shine Amid Retail Slump – Key Stocks to Watch

WA Nifty copper project steps closer to restart with Cyprium Metals inking $40M loan from Glencore

Featured News