Ann: Big Un Limited Market Update- Finstro, page-315

I agree, the Australian app has zero value with a terrible UI. I could certainly have that developed in India for sub $2k maybe even sub $1k but apparently the US app will be much better. I downloaded the app late last year and to be honest I initially thought I had a beta version it was that bad. Looks like a first attempt as a school project.

The content on the app is as useful as a chocolate fire guard. If I am looking for a restaurant I do not want a promo video - I want information and customer reviews and lots of them.

Getting Australians to leave a video review will be very difficult perhaps in the US less so. Video reviews can easily be offensive so who moderates the reviews? With Google & Facebook we all know the only moderation is by the reviewer. If the business want a review removed because someone posted a video that is inappropriate can they or BIG remove that review? If the answer is "yes" then as a review platform it will have no credibility.

Big Review TV is the wrong name for the business. It should be renamed Big Video TV. And before anyone comes back - yes I am aware of pillars 2 & 3.

Final word on financing customers. "Interest Free" Now that might fly with consumers but with business owners?? We all know there is no such thing as a free lunch. I see nothing wrong with financing the videos but frankly financing a video to small businesses would require a specialist finance vendor due to risk. The interest rate would be very high or the deals guaranteed. I think, and I might be wrong, investors are concerned that 1/ the financing aspect was never disclosed, 2/ The fact the finance company has been an active collector of shares and what is the pricing arrangement going forward? 3/ If the finance deal goes south will another company step in and if not, although it will not be the demise of the business, it will dramatically change cashflow and impact growth and in turn the company valuation.

I am thought I read somewhere that the company Richard worked for when a federal case was brought against him but later dropped had been formed by a reverse IPO into a mining business. If so, then the fact BIG was a similar IPO and the financing company has some sort of mining connection is interesting.