How FC financing works for BIG, page-301

Hi Warnie

You need to take into account shares for services rendered ($1.8m in the first half of FY18). Also revenue probably needs to include something from Tipsly Advertising (expecting revenue of US$12m from their clients during calendar year 2018).

In my opinion their margins will be near 20% for the first half of FY18 and I think they will record a loss for the first half of FY18. They do have cash from the exercise of options etc and that should help increase the margins in the second half.