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leadfarmer

99 Posts.

19/02/18

14:22

Post #: 31159945
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Originally posted by Womtrade ↑

Gee whizz some people failing to remember some of the details from the announcement on Feb 8.

If the company is exploring similar options to provide its overseas customers then there must be something extremely beneficial to the company, oh yeah that's right they are engaging SMEs (their customers) at an extremely quick rate. They the company are doing business!

The way I see it, at the time they were an extremely young company with an exceptional business who wanted to utilise their first mover advantage.

Finstro would have recognised that BIG was an extremely young company at the time and to protect themselves they would have used a GSA to protect themselves from what a previous posted had identified in BIG not signing customers who were your local fish and chip shop owner.

BIG would have agreed to sign the GSA knowing that their would have been certain KPIs to meet in order for their customers to utilise the services provided by Finstro.

Some of the KPIs may have been stuff like default rates of customers <5% and a minimum of 50 customers per month.

Wait for further details imho. Let management clear the air.

GLTAH and think BIG

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I'd like to know what these KPIs are. I reckon they would be the absolute minimum required to use Finstro so BIG are probably knocking the KPI figures out of the park by now. In which case, the GSA isn't an issue - it'll just sit there behind the scenes indefinitely.

BIG Price at posting: $2.22 Sentiment: Hold Disclosure: Held
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