Congratulations to BIG for providing such a detailed response here.
From an initial read through IMO there appears to be serious issues in scaling this business model using this financing structure and relevant economics.
Its not just the initial 24% sales commission to FCC but one also needs to take into account the contingent penalty fee also that is accruing.
IMO BIG's sales origination process and the enforceability of its customer contracts that have been drawn down against is going to be put under the microscope here.
I note with interest that ASIC are now looking at this also aside the ASX.
Best of luck to all holders here.
BIG Price at posting:
$2.22 Sentiment: None Disclosure: Not Held
