Big Un shares dive 30 per cent after financing admission
Jonathan ShapiroSenior reporter
Updated
Shares in Big Un Limited plunged more than 40 per cent after revelations the online video firm admitted its customers were paying for its services with money advanced to it by a Sydney finance company.
The admission to the Australian Securities Exchange came after AFR Weekend questioned the company about its partnership with Finstro, a subsidiary of small business lender FC Capital.
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Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
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