Ann: Trading Halt, page-137

Usually the financing of a creditor invoice requires the goods or service to have of occurred before the financing of that invoice occurs. My assumption is the security held by FC is in place as BIG is receiving the cash before the video is shot. If BIG fails to deliver the video then FC may have rights to claim back the cash but once delivered the risk of collecting from the customer rests with FC. It would be good to know the terms of their “sponsorship” to clarify all this.