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BIG burrendong minerals limited - withdrawn

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$2.22

How FC financing works for BIG, page-336

Currently unlisted. Proposed listing date: WITHDRAWN

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Warnie

17,319 Posts.

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26/02/18

16:01

Post #: 31352446
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Originally posted by going4asurf ↑

"Or possibly they would run the Australian business hard enough to attract an American financing arrangement that would keep the ball rolling and that's where they would make their cream. And it just went boom a little too quickly."

Funny you should say that. See @Maysgr Post #:31332415

"Scroll down to item 81 (from memory, it's the bottom one anyway). This item provides details of issuing 2,200,000 shares (plus another 1,600,000 (far right) subject to shareholder approval) to CAIVIS Investments (2/2/17) under the reason "sponsorship agreement" (at $2.37 per share).
And who is the founder of CAIVIS Investments, none other than David Steinberg.
So CAIVIS (David Steinberg) is, it would seem, going to be providing the same Finstro model to BIG's US customers."

http://www.caivis.com/board

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If on the same basis as the FCC 3% fee (3m shares at 20c) on $20m pool, that would be a circa $300m loan facility for the US.

Is US market at least 15 x AUS, without looking, probably.

BIG Price at posting: $2.22 Sentiment: None Disclosure: Not Held
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How FC financing works for BIG, page-336

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