BIG was making loads of sales and FC was issuing loads of funds. The funds went into an account controlled by FC. BIG then showed the funds as receipts.
HOWEVER, BIG didn't have the money as the "sales" were really just subscriptions. In other words, promises to pay over time.
- Forums
- ASX - By Stock
- BIG
- AFR article post BRTV creditors' meeting
AFR article post BRTV creditors' meeting, page-38
-
-
- There are more pages in this discussion • 180 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BIG (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online