It's not in FC's interest to pull the plug on the agreement and declare the Secured Money to be immediately due and payable. If it did this, it would send BRTV into administration and give them little chance of recovering all of their money.
However the agreement ends on 1 Jan 2019, that's less than 8 months away. At that time, any funds still advanced by FC to BRTV itself, (not BRTV's customers), are repayable and accrue interest at 24%. Thus there is pressure for BRTV to find customers to pay for their videos by the end of this year. So there is a limit on how long BRTV can keep swapping in new customers without incurring extra financial costs.
Whether FC extends this agreement or a similar one is anyone's guess now. We can be sure they will want to keep earning interest on money that remains advanced or new advances.
As we now have no visibility of the numbers and $ value of customers agreeing to pay for their videos, we have little knowledge of how large a problem this may become.
BIG Price at posting:
$2.22 Sentiment: None Disclosure: Not Held
