{"id":4306,"date":"2014-04-04T15:12:45","date_gmt":"2014-04-04T15:12:45","guid":{"rendered":"\/?p=4306"},"modified":"2014-04-04T15:12:50","modified_gmt":"2014-04-04T15:12:50","slug":"fastfunds-financial-corp-otcmktsfffc-spikes-again","status":"publish","type":"post","link":"\/articles\/fastfunds-financial-corp-otcmktsfffc-spikes-again\/","title":{"rendered":"FastFunds Financial Corp. (OTCMKTS:FFFC) Spikes Again"},"content":{"rendered":"<p> <img loading=\"lazy\" decoding=\"async\" style=\"float: right; margin: 3px; border: 0px;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/5FFFC_chart.png\" border=\"0\" alt=\"5FFFC_chart.png\" title=\"5FFFC_chart.png\" width=\"400\" height=\"178\" \/>FastFunds Financial Corp. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=FFFC\">FFFC<\/a>)&#8217;s stock has had a great run in late January and the beginning of February after the company announced that it will be entering the medical cannabis industry. <\/p>\n<p>However, things got a little more sceptical by the middle of February and the ticker began to lose ground, dropping more than 50% by the end of the month, despite the efforts of the company to keep the hype running, with regular, optimistic press releases.<\/p>\n<p>The company&#8217;s stock has been struggling to regain the values from the beginning of February, throughout the past month, but it seemed like investor interest was at a low, considering the small daily volumes that were recorded.<\/p>\n<p>The drop in interest, despite the fact that the company has entered the heated medical marijuana industry, didn&#8217;t surprise us at all. After all their latest filing, covering the period ended September 30, 2013, didn&#8217;t contain a lot of encouraging numbers.<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>cash: $2,129<\/li>\n<li>current assets: $56 thousand<\/li>\n<li>current liabilities: $10 million<\/li>\n<li>quarterly revenues: $7,646<\/li>\n<li>quarterly net loss: $228 thousand<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: left; margin: 3px; border: 0px;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/897LOGO.png\" border=\"0\" alt=\"897LOGO.png\" title=\"897LOGO.png\" width=\"150\" height=\"48\" \/>We can&#8217;t even imagine how the guys at the helm of <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=FFFC\">FFFC<\/a> think they are going to provide corporate finance, financing alternatives and management consulting services to ventures in the medical cannabis sector, when it is apparent that they are having a hard time managing and financing their own company.<\/p>\n<p>Furthermore, there is the issue of the mind-blowing 1,667,955,583 shares of common stock that were issued between November 15, 2013 and January 30, 2014 and the authorised share count that was raised to 6 billion, about which we wrote in our previous article.<\/p>\n<p>Despite all this, yesterday&#8217;s press release that came at around noon and announced the official launch of <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=FFFC\">FFFC<\/a>&#8216;s cannabis media hub, GreenEnergyMedia.TV seems to be the reason behind the 37% climb the company stock made on a hefty $1.7 million dollar volume.<\/p>\n<p>Still, considering all the red flags, it would be a very good idea if you take your time and do your own due diligence in order to weigh out the risks before you make any investment decisions.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: right; margin: 3px; border: 0px;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/41CBIS_chart.png\" border=\"0\" alt=\"41CBIS_chart.png\" title=\"41CBIS_chart.png\" width=\"350\" height=\"156\" \/>Cannabis Science, Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=CBIS\">CBIS<\/a>), another marijuana stock, is currently in a period of decline, but the percentile drops are rather small. Other ventures in the sector, like Growlife, Inc. (OTCBB:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=PHOT\">PHOT<\/a>) and Medical Marijuana, Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MJNA\">MJNA<\/a>) have also been sliding down the charts recently.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>FastFunds Financial Corp. (OTCMKTS:FFFC)&#8217;s stock has had a great run in late January and the beginning of February after the company announced that it will be entering the medical cannabis industry. However, things got&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[229,731,8,21],"class_list":["post-4306","post","type-post","status-publish","format-standard","hentry","category-news","tag-cbis","tag-fffc","tag-mjna","tag-phot"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/4306","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=4306"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/4306\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=4306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=4306"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=4306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}