Been going back over personnel and related entities, a reassuring process.
Hugh Massie (BIG Un Non-Exec Chairman, CEO and Founder of DNA Behaviour) http://www.sramanamitra.com/2017/06...stralia-financial-dna-ceo-hugh-massie-part-1/
http://dnabehavior.com/about-us/#2
David Conley (BiG Un Company Secretary)
David is a Director of Ecovis Clark Javobs with over 20 years’ experience in tax and business consulting. Prior to joining the firm David worked with Ernst & Young, Deloitte, PwC and several boutique firms, specialising in Indirect Tax.
https://clarkjacobs.com.au/About-Us/Our-People?DavidConley
Elissa Lippiatt (BIG Un Co Secretary on secondment from Ecovis Clark Javobs)
She has over 15 years’ experience in public practice providing specialist advice across a range of sectors in financial accounting, taxation, audit, corporate governance, corporate strategy and corporate secretarial services.
https://clarkjacobs.com.au/About-Us/Our-People?ElissaLippiatt
Andrew Corner (BIG Un CFO – Previously with Ernst and Young and CFO at Distra Pty Ltd)
https://www.bloomberg.com/research/stocks/private/person.asp?personId=42125512&privcapId=22074147&previousCapId=22074147&previousTitle=Distra%20Pty%20Ltd.
http://www.starfishvc.com/news/distra-enters-into-an-alliance-with-national-australia-bank-to-develop-new-payments-products-and-services-23122008.html
Jason Short (CTO)
Mr. Jason Short has been Global Chief Technology Officer at Big Un Limited since July 19, 2017. A Tech Entrepreneur and Mobile Development Specialist, Jason has over 20 years principal leadership experience across diverse industries (Start-ups, Information Technology, Entertainment, Mobile, Custom Software Development, Government, etc.). His leadership in the development and build of market intelligence mobile technology were key to Jason’s appointment as Global CTO. Jason has previously worked with companies such as Google, Motorola, Hunter Douglas, Diamond Resorts and many large US and global brands.
Richard Evertz
Not pretty, but has been on the public record (and in the BIG prospectus). Considering the above team, hopefully this is a non-issue. Prefer not to have to deal in ‘hope’, but cest la vie.
To clarify a false claim made by a previous poster citing 12k as the cost of the service:
Premium package Aus commercial customers :
299/pm
For 12 Months + one off $399 Application / Booking Fee
All prices are exclusive of GST
To the posters making misleading claims about BIG just being an uploader of advertising videos to youtube:
8 part executive travel series ‘Wayfarer’ sponsored by British Airways and Marriott Hotels airing on Sky TV after agreement with CAN
Video content provider to SMEs
Lifestyle TV show reviews and short videos shot with local presenters and celebrity influencers promoting cities, businesses, travel, services
Partnered with Zeta Global machine learning and AI marketing/data analytics company with ex Apple and Pepsi connections
Controls youbeauty.com
ABN Newswire partnership
Owns Intermedia Hospitality vertical that brings in $8.8m annually (from memory from last update) from non-video production advertising revenue and marketing access to SME database for video production
Big Cares NFP – video marketing content for charities (packages range from 4k to 15k - indicative pricing only)
https://bigcares.com.au/#packages
Partnered with Go Fund Me servicing over 80 NFPs including
Unicef, RSPCA, YMCA, The Wilderness Society, Meals on Wheels, Peter Mac Cancer Foundation, Autism Spectrum Australia, Melbourne City Mission, Lock the Gate Alliance
Newly acquired - In house tech development team and B2B2C networking app with Uber integration
https://tipsly-app.com/
This acquisition came with a hospitality vertical similar to Intermedia acquisition: access to 140k SME database and minimum guaranteed non-video production revenue of $US12m annually
Global Advisory Board chaired by David Steinberg (Zeta CEO)
https://www.inc.com/neil-c-hughes/h...ced-back-with-his-second-unicorn-startup.html
https://www.inc.com/magazine/201209/leigh-buchanan/rise-and-fall-of-david-steinberg.html
Apple TV and Chromecast channels broadcasting original content (update required re progress here)
Video content agreement with HotCopper – 63 ASX listed companies signed up generating $650k revenue for HC
Brand ambassador agreements with social media influencers
Building wholly owned video content library for repurposing and secondary revenue generation
Financials as of December quarter 4c – audited half yearly accounts imminent
Cash receipts $22.5m (up 460% Q2 FY17)
Inc $2.4m receipts from US customers
Cash profit of $10.3m for the quarter (globally cash flow positive)
46% cash margin
Refer to recent 4c for more good figures I can’t be bothered typing up
Key issues for that requires comment from BIG (for me)
Share issues for services rendered.
All of the acquisition anns that state shares as consideration for payment look fine to me at the time of contract, however 3B statements should be clarified
Majority of shares issued and disclosed in 3B anns were from a lot of options being exercised over 2017
Shares issued to the 3 entities at listing with the strange names
This is something I don’t know about and would love another well researched poster to contribute
FC Capital: http://www.fccapital.com.au/
Finstro: https://www.finstro.com.au/
Possible scenario: BRTV searching for seed capital. Enter FC Capital, we’ll give you $ start up capital and provide finance to customers via Finstro. Terms: % of sales and shares to value of capital @ 20c. Forgive my innocence, but this seems fine, other than the questions around time of issue that need to be clarified. Understanding this relationship will be key.
No actual allegations have been made, and the author himself states that 'questions are unanswered' and that 'The wonk in me is trying to understand their business model and whether their arrangement requires them to issue more shares to FC' (via twitter). This is an admission that the article that has triggered likely a 50% reduction of share holder value has no actual evidence or allegation to put forward. That's fine, but a public statement like this isn't an exercise in gaining understanding, it's a grand statement that has broad ramifications.
I haven’t researched the shares issued as services rendered properly, and I know this is a potential problem, along with shares issued at listing, but I wanted to reassure myself of the things that I could, and at this stage that's the actual fundamentals of the company. Happy to be educated by others re the share issuance and any problems here.
This isn’t a ramp, but my best effort to present the facts as they’ve been provided us/as I know them.
Please don't reply if you haven't bothered to read this post, or the company announcements.
High content posts of any persuasion heartily welcomed!
BIG Fundamentals Summary
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