Replies to post #8170 on FastFunds Financial Corp (fka FFFC)

[mdstocks]

I appreciate the explanation. So for Asher to still make $$ on the sales of stock at .0001 Asher would have to get their shares of stock at the 5th or 6th digit. Hummm, I suppose that happen if a company is really, really, really, desperate for $$.

[J.T. The DD King]

Here is a partial list of FFFC's toxic financing.

On March 5, 2013 the Company issued 6,636,364 shares of common stock to Asher upon the conversion of $7,300 of the 2012 Notes. The shares were issued at an average price of approximately $0.0011 per share.

On March 14, 2013 the Company issued a convertible promissory note for $46,000 to a third party. The note matures on November 14, 2013 and carries an annual interest rate of 8%. The note is convertible into shares of common stock of the Company at a fifty percent (50%) discount to the average of the lowest three days closing market price of the Company’s common stock for the ten (10) days preceding the conversion.

On March 19, 2013 the Company issued 266,667 shares of Class B preferred stock to CCI in exchange for their cancellation of their 16,000,000 shares of Company common stock.

On March 19, 2013 the Company issued 5,789,474 shares of common stock to Asher upon the conversion of $11,000 of the 2012 Notes. The shares were issued at an average price of approximately $0.0019 per share.

Management has determined that there are no further events subsequent to the balance sheet date that should be disclosed in these financial statements.