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02/03/18
16:47
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Originally posted by BrendanL
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Dude, what you have to realise here is that it's not an accounting issue - it's way worse than that. It's not about weather they put the wrong figure in the wrong column, it's about the simple question, "What is Big Review TV"?
To put it simply, it doesn't make videos as it just outsources them. It doesn't have a well known brand. It doesn't review anything because the reviews are all paid actors. It doesn't host videos as it's done by Youtube. What does this company do exactly besides putting their logo onto a video? Nothing.
The purpose of this company was that it was supposed to be "Yelp for video". That's it, that's the entire business plan. If it was going to work, then Yelp would have done it 8 years ago.
What they (management) have effectively done is artificially created the appearance of demand for this product. The market cap has gone up because people here have fallen for it. What's funny is that management haven't really done anything wrong, it's just that they've done such a good job of making it appear like it has and everyone here has gone along with it.
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That post is up there with your earlier one about BIG threatening you legally.
Trouble is I really couldn't be bothered to explain where you are wrong as I would be typing for the next hour.
You simply do not understand the business and how it works.