Ann: Response to ASX Query Letters, page-313

Once I read the announcement I see it the same as you @Warnie

Pressure sale sign up customer
Signs form or replies to email
Gets 15k upfronted on their behalf some unknowingly
24% returned to finance company as commission
41% held in controlled accounts
Remainder for Bigs true cash flow

All of which is booked as revenue

It does also appear that cash receipts may also be controlled by financing company

Charge over Big un assets by financing company


Needing to sign up ever increasing number of new signees/customers if customers dont follow through and time delays allow for revenues to seemingly increase


Price of video clearly inflated



Only post to provide my thoughts and will continue to watch from the sidelines

All the best holders.

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