I see what you're saying. The financing is only available on the packages for SME's. So the larger packages are out.
So the way I see it as a worst case scenario (just some quick calculations please correct me if wrong)
Most expensive package cost is approx $4,000 which means the maximum number of customers that can be financed at the most expensive package 5,000 which maxes out the $20m cap.
Let's say they all cancel meaning BIG has to pay back the 24% upfront payment from FC plus the 24% cancellation fee.
$4000 x (.24 *2) = $1,920
$1,920 x 5,000 = $9,600,000
$9.6m is the maximum risk of the cancellation policy.
I started thinking well that doesn't work if the $20m cap is replenished allowing more customers to be signed up however if the $20m is replenished it means customers have already accepted the video and are now a paying customer. Any default on payment from the customer is now the risk of FC.
Please correct me if I am way off here?
BIG Price at posting:
$2.22 Sentiment: Buy Disclosure: Held
