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ZMan

3,650 Posts.

787

28/02/18

09:47

Post #: 31403854
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Originally posted by BeerBaron ↑

"We know that the reported receipts from customers are 90% withdraws from a loan facility." - yes, the customers have taken out the loan to buy products from BIG

"We know they have a large loan, not money in the bank." - BIG does not have a loan

"We dont know the $ value customers are willing to pay for their services." - yes we do, ARPU is around $7000 IIRC

"If their accounts are OK we might as well give up on producing accounts completely and get rid of accountants." - a bit melodramatic, surely.

"The issuing of shares is a minor issue now, as the shares may be worthless." - I see. Please, let me take off your hands your worthless shares.

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Re: “BIG does not have a loan”
Do you really beleive that? A serious case of denial if you do.

Re: “ARPU is around $7000 IIRC”
Thats because they include the loaned amounts in their calculations. Borrow more and then report more money in the bank and greater ARPU. Thats a win win for the company!

BIG Price at posting: $2.22 Sentiment: Sell Disclosure: Not Held
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