Factoring is based on invoices that there would be a creditor...

Factoring is based on invoices that there would be a creditor with an obligation to pay.. The fcc agreement states they have a sponsorship pool of$20M available to make videos for customers fcc approves.

Big make an offer to a customer and then forward the details of the offer once the customer signs an application agreement which has an obligation to pay but only subject to acceptance of video. If they don’t accept big can swap in another customer.

This is all explicit In bigs response and is clearly not factor finance which is dependent on invoices That have a degree of certainty of recoverability. (More like fcc sponsorship deal which incidentally is what they call it)