The financing is there to help the client/SME...not BIG!
"FC Capital through its Finstro platform enables SME businesses to invest in growth by managing their cashflow and providing working capital facilities to pay suppliers" aka BIG
"BIG values its ongoing partnership with Finstro which allows us to offer our customers alternate payment solutions for their video marketing packages. This has proved to be very popular with our customers.."
"The ability to make it easy for customers to take up BIG products is key to market penetration and leveraging our first mover advantage"
Last line pretty much says it all for me....perhaps this announcement in response to the queries the company has received has been one of the catalyst's for the big sell off of late? I know it's been a crazy week all over the market but BIG has been hit more than most even though its fundamentals are so strong. Hopefully this appeases those asking the questions and we can work back up to fair value!
BIG Price at posting:
$2.77 Sentiment: Buy Disclosure: Held
