Big Un ex-CFO couldn’t recall asset charge, other directors elusive
The former chief financial officer of collapsed ASX tech play Big Un Limited has maintained that a highly controversial arrangement with Sydney-based financier FC Capital was a sponsorship of its customers and not a financing arrangement to keep the firm alive.
During a near three-hour virtual examination in the Federal Court, Andy Corner, who served as CFO until the firm collapsed in April 2018, was asked repeatedly why internal weekly reports tracking the conversion of customer prospects to sales lagged the number of invoices financed by First Class Capital, resulting in a growing liability to the firm.
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