Another AFR article, page-413

Common guys, it's not a scam. But there are some very dubias accounting going on. Not a scam, they were just trying to build a business before anyone realised how they were doing it - via some extream financing, which was not disclosed.

They were probably hoping they could build a video library which could then be monitised and used to get out of their loan agreement with FCC. But who knows. I don't think it is a scam but it was very naive of them to think they're arrangements with FCC did not need to be disclosed to the market and more so that they think they could get away with declaring cash held by FCC as their cash receipts - rediculous. Replacing one potential customer for another if the potential customer chooces to not be a customer? What type of business does this?