The AFR article brought me here. I decided to do a bit of...

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Mexicanandre

112 Posts.

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22/02/18

07:46

Post #: 31242259
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Originally posted by aaremms ↑

wow, interesting waking up to a headline like this!! ponzi scheme??

i am very new to the stock so will keep an open mind as i dont know much to have an opinion either way.

1. cash in hand/bank at qtr end was circa $31mill... so this is real cash receipts (the previous article which referenced some 15k credit vs 12k recording of payment by the financing entity would not generate real cash... so that allegation is neither here nor there)
2. company expects run rate of 100mill cash revenue in the near future... that would imply the trend in Q3 has been similar if not better. this info would be handy in determining the growth rate.

if GSW did not disclose the true extent of its contracts... what could BIG be hiding if similar allegations are being leveled? there isnt any concentration of revenues linked to individual entities, so no immediate similarities. maybe they were generous to insiders/vendors... ok, but it still doesnt take away from growth forecasts or potential.

i fail to see the big risks here... there is no inflated revenue reporting, just cash based reporting which is verifiable by looking at bank statements. unless the financing company is lending cash reported as sales to customers and expecting discounted stock in return - which is mega dodgy and would be the mother of all scandals - hence highly unlikely.

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The AFR article brought me here. I decided to do a bit of digging around.
As a business owner, im struggling here to see the value for the business owner. While some of their videos on their page have a lot of views, I dont really see how the outlay is going to bring me more revenue. It looks buy their youtube channel they are uploading a lot of videos so it looks like they are doing a good job at sales, I just dont know how sustainable its going to be into the future unless they provide value for the businesses.

Also curious, its not like their bigreviewtv site is getting much visits, 35k visits a month average over the last few months doesnt seem that impressive. - https://www.similarweb.com/website/bigreviewtv.com#overview

Also if you look at google trends of this vs someone like a Kogan, its not even registering. https://trends.google.com/trends/explore?q="big review tv",kogan

It doesnt look like their website is then a platform to discover new businesses either. Looking at a few of the business profiles, it doesnt even look like they have links going back to them, which makes it a tad pointless.

So im a sceptic, but then I really only post on businesses here if im a skeptic haha...

BIG Price at posting: $2.22 Sentiment: None Disclosure: Not Held
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