Nah not the boiler room stuff, that’s neither here nor there....

Nah not the boiler room stuff, that’s neither here nor there. Headline grabbing yes but not reliable or validated.

I mean the “financing” arrangements. Per my previous post today, it’s not an SME financing arrangement it’s a scheme to raise funds and inflate growth. It’s really, really grasping to be claiming it’s innovative or a good business model. We can agree to disagree on that if you like but that’s the basis of my claims around the biz model revelations.

I’m also not denying they have an underlying business which provides a valued service to some clients. However that business is likely to be worth a fraction of what BIG has been/is valued at. It’s sad but the revelations and new information point firmly to a huge valuation re-rate. Might get back there one day but without the “financing” arrangements it’s a long, long road