BIG burrendong minerals limited - withdrawn

Maybe you should not use the term pyramid scheme as they are in...

Currently unlisted. Proposed listing date: WITHDRAWN
  1. 2,646 Posts.
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    Maybe you should not use the term pyramid scheme as they are in fact illegal and you are accusing a company of illegal business practices, not a very clever statement. Your only saving grace is your lack of understanding what a pyrimid scheme is.
    You point out that it is a fad and expect the revenue figures to already be falling, wrong again!!! Latest revenue guidance figures deal with that, or are you claiming management are misleading the market? Also maybe you should research the churn rate of BIG customers. I will save you the time it is under 10%.
    At the moment they are a business that can provide good quality video for marketing purposes at a reasonable price, and customers like it! So much in fact that on average customers are spending over triple what they were 12 months ago. This part of the business is what is providing the majority of the revenue / profit growth and the numbers are not dropping at all. So the way BIG are travelling in 1 year they will hopefully have at least 50% more paying subscribers if not 100% (still a very small number considering the size of the market), combined with the fact that video content is only going to explode, I am sure the market will be fooled by those numbers.
    Congrats though, you got a rise from a few people, you must take your trolling very seriously to put so much time and effort into it, next time maybe a little more might help you understand the business model a little better.
    Hope you had a good weekend and hope you did not spend the whole time compiling your post.
 
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