Accounting Issues - Discussed here, page-35

Hypothetically if BIG only accept monthly subs and no financed customers for March qtr what happens Under the facility

Assume a 40 conversion of advances from previous quarter

Wouldn’t 40% of the sponsorship revenue drop to BIG so deferred revenue for the $46m would be legit.

The other 60% $26m would need to be repaid

FCC already would have 60% in security $12m so cash on hand in security and will reduce by this amount

They have $11m in BRTV and BIG

As I suggested wouldn’t they just raise $15m which would leave them with a working capital facility of $10m

Growth may slow but at least there would be better transparency of where the actual business sits

Have I understood that right

Cheers