How FC financing works for BIG, page-158

Hey @Warnie, I haven't seen the videos promoted on their website as interest free but there was commentary in the ASX response.

Clause 5)

"5 The details of the sponsorship arrangements with First Class Capital (FCC) are detailed below. However, a key reason that BIG's business model is so effective is that after a customer is on-boarded and signs a preliminary acceptance to make a video, 35% of the total amount agreed with the Customer is made immediately available by FCC for BIG to use. This provides BIG with access to working capital for the purposes of executing what it does best - making great videos. The remaining payment from FCC (net of fees) is held in a bank account nominated and controlled by FCC and is immediately available to BIG without restriction once the video is made and the Customer has accepted the video and agreed to make 12 monthly membership payments. This means that the access to these funds is within the control of BIG. The more efficiently it can produce and deliver the product, the faster these funds are available. Even if customers choose not to accept a video that BIG has created, under the FCC arrangement BIG has the ability to substitute them for other customers without penalty. This is a good arrangement for the customers also, as they are able to pay for their video interest free in 12 monthly instalments."

The first bolded text could still be consistent with my view. But then the last sentence challenges that. Unsure mate. Would have to ring up and listen to the sales pitch.