FastFunds Financial Corp (fka FFFC)

[xZx]

did you see the filing previous to this one?

The Registrant has 4,764,481,179 shares of common stock outstanding as of May 13, 2016.

https://www.sec.gov/Archives/edgar/data/779956/000155479516000713/fffc0513form10k.htm

Number of shares of outstanding of the Registrant’s $0.0001 par value common stock as of June 15, 2016 was 4,764,481,179 shares.

so the OS is unchanged since they last reported. still huge.

i'm here to see how they releverage the play, much as TP&C did, etc.

the market cap is $476K at the current pps. maybe they'll retire blocks of shares, buy back and retire more, convert some commons to preferreds, etc.

https://www.sec.gov/Archives/edgar/data/779956/000155479516000746/fffc0628form10q.htm

they have $33.44K in cash, which is more than many of these micros. accounts receivable is $96.3K, so that's almost $130K, were they to be paid what's owed to them.

they have $1M in convertible notes, $2M in promissory notes, payable. often times companies will do a refinancing to avoid dilution.

if you prorate their $175K in revenue that's $700.34K annually.

here's what i see re: tommy chong:

On November 14, 2014, FastFunds Financial Corporation entered into a definitive licensing agreement with Nevada-based Chongson, Inc. pertaining to the production, promotion and sale of the Tommy Chong branded Cannabis GreenCard product. Per the terms of the agreement, the Company is required to pay Chongson Inc. a minimum of $5,000 per month in royalty fees in exchange for the the card branding. During the year ended December 31, 2015, the Company paid $15,000 in cash against the $15,000 in accrued royalty expenses.

their deal looks to be active, and that's why i'm here.

tightening up the share structure and generating revenue with chong can turn this around imo. when i buy a stock for .0001 i'm not expecting a company to be healthy, it's a turnaround and releveraging story.

let's see what's next. mary does own a huge amount of common shares like the rest of us.

and by the way, in 2014 FFFC ran from trip 1 to mid .002s and (as i recall) their business development was about where it is today, except brawnstone wasn't on board and generating revenue.