Incorrect. BIG were getting advanced money to shoot a video, and then using the video to try lure the business into buying the sub. Hence lots of advanced monies without paying customers to support them.
It all came crashing down because they couldn’t sign up enough subs to pay back the advanced cash.
BIG stated a cash profit of 10m and cash receipts from customers of 22.5m for the December quarter. To blanket label investors as dumb from the comfortable position of your hindsight armchair is in itself, dumb.
AFR article post BRTV creditors' meeting, page-40
Currently unlisted. Proposed listing date: 31 MARCH 2025 12:00 PM AEDT ##
