BIG 0.00% $2.22 big un limited

Yes maybe not for simple minds but then again it is not rocket...

  1. 474 Posts.
    Yes maybe not for simple minds but then again it is not rocket science:

    "a key reason that BIG's business model is so effective is that after a customer is on-boarded and signs a preliminary acceptance to make a video, 35% of the total amount agreed with the Customer is made immediately available by FCC for BIG to use. This provides BIG with access to working capital for the purposes of executing what it does best - making great videos. The remaining payment from FCC (net of fees) is held in a bank account nominated and controlled by FCC and is immediately available to BIG without restriction once the video is made and the Customer has accepted the video and agreed to make 12 monthly membership payments. This means that the access to these funds is within the control of BIG."

    But then is this for all the customers?

    No and this is also from the announcement:

    "Currently, only approximately 35% of the Company's customers are financed through this arrangement."
 
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Currently unlisted public company.

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