"Reality is BIG has paying customers and are growing the pipeline so there is a business." @chakay
Here is the reality
For the quarter ending 31 December 2017 the Company had total cash receipts of $20,438,164 in relation to Paid Membership Customers comprising: (a) Paid Customers – FC Sponsored = $18,084,000 subject to sponsorship arrangements with First Class who are Potential Customers. Cash receipts from Accepting Customers are not included in the cash receipts as their payments are either received directly by First Class or passed onto First Class; and (b) Paid Customers – Non FC = $2,354,164 not subject to any sponsorship arrangements with First Class. This amount relates to 468 US customers who are part of two pilot sponsorship programs under testing for the US market.
So reality is of the $20.4 m cash receipts from customers, were all sponsored customers. Not one real customer in Q4. Not in Australia or the US. Not one customer who opted for the $4k platinum package from the website.
Why would there not be a large percentage of SME's who would opt to pay $4k instead of $12k.
Not one real customer in Q4. Any explanations for that?
BIG Price at posting:
$2.22 Sentiment: None Disclosure: Held
