Assuming the books can be put in order. Do you think this...

Assuming the books can be put in order.

Do you think this business model will survive?
1. No upfront charge to customer;
2. someone else funding the production and overheads regardless of whether the customer signs a payment agreement; and
3. getting the whole money upfront from a financier when the the customer is being provided with a service over an extended period of time.

Do you think FCC will stay on board given the publicity?

Do you think new financiers will come on board given:
a. the poor bookkeeping
b. willingness to fund the company with undisclosed and cheap equity issuance
c. RE's continued involvement,
d. lack of disclosures for 2+ months and
e. bad publicity?

None of that is opinion or speculation. I think all of that has been acknowledged or at least not denied.
They may be able to make great videos and have tapped a great market. But if I was was asked to invest I would not be accepting equity due to at least a, b, and d.

I would also not lend them money due to a-d and lack of tangible assets.

So whatever they do with the books, do people think they can make a go just with cash flows from actual, paying customers?

To me, that is the BIG question.

Because if they have to charge up front, it is likely to severely curtail their organic expansion, development of platforms and acquisitions.

I think a new business model will be a much harder sell to the stock market than providing their financials. It may be that the timing for relisting is not just fixing the financials, but waiting until new financiers can be brought on board so a new business model can be constructed.

My experience with the market is that the numbers are only a small part of the equation. It is how you sell the dream (business model). The dream involves a believable model, appropriate funding and an exec team you trust to make it happen. To me that is looking tough right now.

But things could move forward if they get the right finance for a workable business model.