I am hoping that BIG goes OK, principally because I invested in a company with “good sales and positive cash cashflow”, whoopsie. Now we find the as at 31 Dec 2017 there was a balance of incomplete sales sponsored by FCC of $45-46 million, $19m FCC bank account grossed up by dividing by 41%. If correct that’s a lot of of reported receipts from customers to be still incomplete, it exceeds all the previous six months reported cash receipts by BIG.
Donald Rumsfeld might as well have been talking about BIG when he talked about knowns and unknowns, or could that narrative be applied to all listed companies.
BIG are in an intestresting area.Hopefully BIG will improve and be a bit clearer with what is going on.
GLTAH
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- Stakeholder Update 27 March 2018
Stakeholder Update 27 March 2018, page-127
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