Anyone want to try and put a positive spin on p38 paragraph 19 and p39 paragraph 20.
19. For the quarter ending 31 December 2017 the Company had total cash receipts of
$20,438,164 in relation to Paid Membership Customers comprising:
(a) Paid Customers – FC Sponsored = $18,084,000 subject to sponsorship
arrangements with First Class who are Potential Customers. Cash receipts from
Accepting Customers are not included in the cash receipts as their payments are
either received directly by First Class or passed onto First Class; and
(b) Paid Customers – Non FC = $2,354,164 not subject to any sponsorship
arrangements with First Class. This amount relates to 468 US customers who are part
of two pilot sponsorship programs under testing for the US market.
20. The total cash received for the quarter ending 31 December 2017 of $22,510,000 comprised
of $18,084,000 attributed to the Paid Customers - FC Sponsored in the above table and
$2,354,164 attributed to the Paid Customers - Non FC. The balance of $2,071,836 cash
received during the quarter was attributable to general advertising revenue.
BIG is seriously forked. I'm not sure it will ever trade again.
BIG Price at posting:
$2.22 Sentiment: None Disclosure: Held
