Understanding FFG - the risks, page-6

Yes, and all the questions above were not answered.

Particularly re how FFG will get any revenue out of a 20% stake, or even how Smartfunding will make money given all risk and debt is provided by third parties through debt instruments. The use of debt instruments and not credit facility indicates that the provider of the debt instrument will get majority of cash - i.e. if you provide a debt instrument, you will charge significant % on top of the debt instrument, leaving very little for anyone else.

So given the debtor gets majority of money, where does Smartfunding get money? And how does FFG benefit from a 20% direct stake in that small pie (assuming there is a pie given no banks/merchants/customers announced to date).

With $1m cash in bank, I am struggling to see how this is all going to work, particularly with revenue of $43k - can't exactly repay loans with that!