I lost a bit on BIG (mitigated somewhat by selling a chunk near the top) - it was very hard to see what was going on as they were blatently misleading the market - it fooled quite a few accountants. There was only one clue (the strange share issuance) but I missed it as I wasn’t looking hard enough.
I do agree it is mighty scary they got near the All Ords without anyone picking that scam up - it’s also highly disturbing that they look to be getting away with it...
That being said BIG was a very odd situation it’s the first time I have seen cashflows misrepresented
Ann: Investor Presentation, page-50
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