AFR article post BRTV creditors' meeting, page-48

When you take out a personal loan at the bank, the money becomes yours. Likewise those receipts are also BIG's. So it's technically correct.

What's not shown is the liability over that money. In the banks case it would be a loan contract. Where as in BIG's case it gets weird, because technically the loan is coming from the customers who are signing up to the video subscriptions but then that's being canceled out with the loan from FC Capital.

FC Capital sole purpose was to help customers pay their video subscription but it had the effect of propping up the balance sheet of BIG, which in turn propped up the share price.

It's kinda like having a customer sign up to a 12 month magazine subscription but only paying 1 months worth, then having a finance company pay the other 11 months in cash. Then the magazine company records the full 12 months of revenue in cash. Then finding another customer who "might" sign up and suggesting that things are going up exponential. When in fact there's only 1 months of real cash.