Replies to post #30643 on FastFunds Financial Corp (fka FFFC)

[Bullsonmonday]

By and large I do agree with you Reptos.

First off, I would never disagree with that statement that industries in transition often provide opportunities. I agree with that completely. In fact, my presence on this board confirms that. However, I believe that with any opportunity there is risk. "MMJ Banking" is very risky right now mainly because it is only really half supported.

You have the side of money management, which is supported by and large solely because business with copious amounts of cash money on hand contributes to crimes such as laundering, internal and petty theft, and etc.

On the other hand, marijuana is not federally legal and therefore the risk comes more on the other side of banking with the issue of credit. There is a reason why large financial institutions are yet staying away from MMJ and I believe it comes down more to question of credit than anything else. No financial institution is willing to risk a federal indictment by being associated with a loan given to a federally illegal start-up.("Loans" at present are being provided by angel investor groups... "private, individual investment")

The dominoes of regulation are falling slowly but surely. When they all do, you can be sure that the big banks will jump in and prevail over the industry. Perhaps these current "MMJ Banks" will be bought out, or, best case scenario, one or a few of them will be able to become small legitimate banks. Perhaps the pipe dream would be that those that are successful eventually consolidate and merge into one entity. I hope that happens because that would be of epic proportion but hey-- I'm a realist here.

In the meantime, I agree that FFFC is in good position to capitalize on CURRENT market conditions. In the long term, I highly doubt it will outlast the big banks with market caps of $100 bi+.

All the best!

INDUSTRIES IN TRANSITION OFTEN PROVIDE OPPORTUNITIES.THAT IS WHAT WE ARE SEEING HERE.IF YOU DOUBT THAT, THEN A LITTLE DD WILL SHOW THAT MANY COMPANIES ARE ALREADY IN THIS BUSINESS ( I WON'T SPAM THEM HERE ).THERE IS NOTHING TO BE CONCERNED ABOUT FFFC ENTERING THE MJ BANKING BUSINESS.IMO,OF COURSE.