The creditors of embattled small business video firm Big Un have agreed to reconvene in 45 days after the administrator called for more time to investigate the assets available for sale within the failed company.
It is understood that key to the investigation is the transaction in which FC Capital assigned security it held over Big Un subsidiary Big Review TV to AS Capital Ventures, a company controlled by Adam Shepard of insolvency firm Fansworth Shepard.
Those assets now appear to have been transferred to a company in the United States called Franki Global that appears to employ several former Big Review TV staff members.
It has also emerged that Mr Shepard was appointed as the administrator of AP Reyem, an entity controlled by Anthony Meyer that is the largest shareholder of Big Un.
BIG Price at posting:
$2.22 Sentiment: None Disclosure: Held
