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20 Feb 2018 (AFR) – Big Un revelations as ASX market darling goes into trading halt

[COMMENT: This revealing news story is an eye opened about how some companies finance their operations. Investors beware.]

(20 February 2018, AFR, p16, by Jonathan Shapiro)

‘Big Review TV, a subsidiary of ASX listed Big Un Limited, granted security over its assets to FC Capital, the small business lender that is advancing funding to facilitate the company’s sales, according to filings. First Class Securities, a subsidiary of Sydney-based lender FC Capital, has listed collateral over Big Review TV’s assets as “all present and after acquired property – no exceptions,” according to a filing with the Personal Property Securities Register.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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