FastFunds Financial Corp (fka FFFC)

[byrdiesoccer]

Brawnstone must be really big revenue driver here. Check this out...

"Total revenues for 2014 were $562,875 compared to $31,462 for 2013. Revenues for the year ended December 31, 2014 consist of Brawnstone sales revenue and of credit card income on Nova’s remaining portfolio."

https://www.last10k.com/sec-filings/fffc

-Brawnstone was aquired half-way through (July) 2014. This implies that Brawnstone could have been responsible for $530k increase in total revenues for 2014.

"During the past year, we have devoted our resources in restructuring the Brawnstone balance sheet and restoring higher margins by increasing the Company's operating efficiency. These initiatives have borne fruit at the present time: Brawnstone has an annual revenue run rate of $750,000.00."

-They projected Brawnstone to produce 750k in revenue for 2015 back in June last year. Not only are revenues increasing but expenses are decreasing based on this comment below...

"The Company's research shows that operating margins for cannabis related security services could exceed current billing levels by at least 100 percent."

My interpretation- at the rate revenue is increasing and the rate expenses are decreasing, profits could double. However that quote was a little confusing to me.

BUT THEN, this past January...

"The Company has exceeded these expectations and the 2015 revenues were approximately $796,000. "

http://finance.yahoo.com/news/fastfunds-financial-announces-achievement-positive-141500901.html

Revenues are increasing faster than expected. Not a bad problem to have.