The financing was the plan from the start. Imo it is essential at this point in time. "Clearing debt" is the wrong way to look at this. It's finalizing sales that they need to focus on.
The plan has been in place since 2015. If you look at the unrestricted cash in the bank the plan works.
2 quarters ago they had $15m in cash receipts. Currently they have approx $11m unrestricted cash in the bank of which $4m is in an operating account and we know that they have had costs so some has been spent. Do you think that $15m was restricted cash when we saw it on the 4C? I certainly do and I also believe they have successfully processed sales and it is no longer restricted cash.
The current $18m will be processed as well but if the sponsorship pool is not almost maxed out all the time then that means sales are slowing.
The company has until Jan 2019 under this agreement so let's hope they populate the platform with content while they have the current deal.
How FC financing works for BIG, page-258
-
- There are more pages in this discussion • 184 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)