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FDVF: Cash merger; for every 1 share of FDVF, shareholders have the right to receive $0.586 in cash
FINRA deleted symbol:
http://otce.finra.org/DLDeletions
This all makes me happy.
Below is management commentary regarding the Q3 results from the $FDVF website.
"Our Third Quarter ending March 31, 2016 financial statements are now available in PDF format for you review. We are also pleased to report that this was our highest net revenue and second most profitable quarter since becoming a pure play PEO in late 2008. Third Quarter ending March 31, 2016 EBITDA is $ 1.8 million on $16.9M in net revenue as compared to $16.5M for third quarter ending March 31, 2015, a revenue increase of 2.4%. Further, YTD March 31, 2016 EBITDA is $4.4 million compared to YTD March 31, 2015 EBITDA of $4.1 million representing an increase of 7.3%. For the current fiscal year, YTD net revenue has increased 4.5% to $48.3 million as compared to the same period last year and YTD gross profit has increased 10.6% to $12.6M as compared to the same period last year."
The SP increase has been nice. I wish the company would start communicating with shareholders.
FDVF
Been buying a little here and there of FDVF in the low 20's. here is what I like.
1) FDVF earned .013 in q1 which is their seasonally weakest quarter, so I expect the quarters to get better from here.
2) Has a sizeable cash position on it's balance sheet of almost 20%.
3) I expect growth to continue as FDVF has been growing solidly during the period.
4) I expect .015-.018 in q2, and even better in q3 and q4. So I expect .06-.08 for FY 16. Hence I see the stock trading at a PE of 3 going foward, which is waaaaaaaaaaaaaaaaaaaaay too cheap in my opinion.
Conclusion: I like FDVF will keep the position very small (Under 1%) due to primarily liquidity, and the lack of PR's. But I think it offers a good risk/reward in the low 20's in my opinion. All is just my opinion and I could always be wrong though.
I was thinking it could be one of these things...
Someone talks to someone else who thinks that now is a good time to buy because of some upcoming thing.. They bought a big position last May or December anticipating a big run for whatever reason got impatient and sold out dumping today. They unknowingly sell at the bottom because they became it with a large order that is now out of the way, sell pressure is gone.
Or someone had a margin call maybe even tried to chase or predict the market and got whipsawed the wrong way today. The broker could indiscriminately sell their shares for all positions even unrelated ones at market with the effect like we see.
Or someone was trying to set up an order to get in or out and goofed it up mistaking stop for a limit in the order or the price levels. If it's going right back up afterwards they may be re-buying the position thinking it's still going up a lot so no big deal to them.
Today it looks like a stupid 'market order' took it down.
I would have gladly bought that piece.
any other thoughts from anyone as I can't see any other reason
$FDVF recent news/filings
bullish
## source: finance.yahoo.com
Thu, 26 Feb 2015 18:04:12 GMT ~ FORTUNE INDUSTRIES, INC. Financials
read full: http://finance.yahoo.com/q/is?s=fdvf
*********************************************************
Sun, 11 Jan 2015 23:30:00 GMT ~ Fortune Announces Stock Trading On OTC
[PR Newswire] - INDIANAPOLIS, Jan. 11, 2015 /PRNewswire/ -- Fortune Industries, Inc. (the "Company") (OTC MKT: FDVF) announced today that as of December 10, 2014, its common stock trades on the OTC Pink platform ...
read full: http://finance.yahoo.com/news/fortune-announces-stock-trading-otc-233000948.html
*********************************************************
$FDVF charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$FDVF company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/FDVF/company-info
Ticker: $FDVF
OTC Market Place: OTC Pink Current
CIK code: 0000851249
Company name: Fortune Industries, Inc.
Company website: http://www.ffi.net
Incorporated In: IN, USA
Business Description: Fortune Industries, Inc., once a public diversified company, shifted its focus in 2008 to operating only as a Professional Employer Organizations (PEO) through various wholly-owned operating subsidiaries. Our PEO Group is among the nation's oldest PEOs and it is composed of Century II, Inc., located in Brentwood, TN; Employer Solutions Group, Inc., located in Phoenix, and Tucson, AZ, Loveland, CO, and Provo, UT; and Professional Staff Management, Inc., located in Indianapolis, IN.
$FDVF share structure
## source: otcmarkets.com
Market Value: $14,712,672 a/o May 15, 2015
Shares Outstanding: 55,456,734 a/o Dec 29, 2014
Float: 4,673,354 a/o Dec 29, 2014
Authorized Shares: 150,000,000 a/o Dec 29, 2014
Par Value: Not Available
$FDVF extra dd links
Company name: Fortune Industries, Inc.
Company website: http://www.ffi.net
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/FDVF/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/FDVF/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=FDVF+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=FDVF+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=FDVF+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/FDVF/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/FDVF/news - http://finance.yahoo.com/q/h?s=FDVF+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/FDVF/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/FDVF/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/FDVF/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/FDVF/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/FDVF/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/FDVF/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/FDVF/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/FDVF/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=FDVF+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/FDVF
DTCC (dtcc.com): http://search2.dtcc.com/?q=Fortune+Industries%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Fortune+Industries%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Fortune+Industries%2C+Inc.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.ffi.net
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.ffi.net#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.ffi.net
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/FDVF/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/FDVF
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/FDVF/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/FDVF/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/FDVF/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000851249&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/FDVF/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/FDVF/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/FDVF/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/FDVF/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=FDVF&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=FDVF
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/FDVF/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=FDVF+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=FDVF+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=FDVF
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=FDVF
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=FDVF+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/FDVF/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=FDVF+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/FDVF.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=FDVF
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/FDVF/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/FDVF/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/FDVF/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/FDVF/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/FDVF
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/FDVF
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/FDVF:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=FDVF
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=FDVF
$FDVF DD Notes ~ http://www.ddnotesmaker.com/FDVF
New numbers out
http://www.otcmarkets.com/financialReportViewer?symbol=FDVF&id=132896
looking good, if they continue like this, this could prove to be a nice one
Tough to say Iron. I'd guess about $.30-.35 today, and more if Q1 results are indicative of what's to come in FY15...
What should this be trading at considering what you just posted? Seems way undervalued here
I bought some FDVF($.1999); Q1 EPS $.012, net income up 71%
Nice balance sheet features about $.18/share in cash...
...results were posted today...
http://www.otcmarkets.com/financialReportViewer?symbol=FDVF&id=131608
This looks pretty good. I wish I would have seen it prior to the filings hitting. It looks like some were able to get super cheap shares recently.
No more preferred shares, No more preferred dividend. Profitable with a huge cash position. Former NYSE stock. Could be a nice play.
O/S is about 55 mil with a float somewhere around 4 mil.
December 10, 2014, to our Fortune Industries shareholders:
After working diligently with FINRA over the past 8 months, we are pleased to announce that our common stock now trades on the OTC Pink platform of OTC Markets Group, Inc. under the symbol FDVF. We will be posting our initial Issuer Disclosure Statement for our fiscal year ended June 30, 2014 shortly. Thereafter, we will be posting quarterly reports, shareholder communications, and other corporate announcements here on our website .
Our principal market maker is BMA Securities, Inc. who has been our sponsoring broker–dealer in applying for our common stock to be eligible for trading. We would encourage shareholders who wish to buy or sell our common stock to contact BMA Securities to open an account. Their contact information is: Mike Law, BMA Securities, Inc., 2321 Rosencrans Avenue, Suite 3285, El Segundo, CA 90245, telephone: 310-544-3545 .
Our June 30, 2014 audited financial statement is now available In PDF format under the Investor Relations Tab for your review.
Trading on the grey markets today as FDVF...4k shares for .02
Anyone with admin priviledges should change the board to reflect the new crappy symbol
New ticker symbol FDVF ...grey markets
To our Fortune Industries shareholders:
Our June 30, 2014 audited financial statement is now available in PDF format for you to view. The impact of the purchase of the majority interest by CEP, Inc., the entity created and owned by Fortune’s Executive Management Team, is reflected in this statement which includes the elimination of the Preferred Stock from prior years. All shareholders are now common shareholders- there is no preferential ownership in front of the common shareholders as of July 1, 2013. Our 2014 EBITDA was $3.9 million as compared to $3.1 million for 2013, an increase of 26.6%.
In April, we applied to FINRA for our common stock to be quoted and traded on the OTC Pink Sheets. This process has taken substantially longer than we anticipated which has included responding to FINRA’s request for additional information on two separate occasions. FINRA has indicated they will reply to our latest response the week of October 20. We are hopeful they will approve our listing in the very near future and we will be able to distribute the details shortly thereafter.
Our annual shareholder meeting will be held on 11/14/2014 10 am central time at 9020 Overlook Blvd. Suite 201 Brentwood, TN 37027
Received a letter from Fortune Industries, INC today..went to their website but they did not provide the link to view their financials...wonder why?
Sorry to hear that....I picked up some shares late in the game to cash in on the .61 buyout but played it wrong and ended up being about $400 out of pocket (unless they come back).
I suggest emailing Randy Butler, he has answered every single one of my emails usually within a few days....
Randy Butler, CFO rbutler@ffi.net
That would be really nice. However, to my knowledge there is no listing on the OTC, nor was I able to find anything made public about them listing (other than your post). It seems you were wrong. All I know is this company has screwed me. I sure would like to sell my shares.... but they continue to be evasive, and seem dishonest to the core.
Just emailed and recieved a response from the CFO (email address is on their website).
I asked about the OTC listing and he said that after a few delays, they filed their FINRA application 4 weeks ago.
Update will be posted on their website but hopefully will allow this to start trading again soon...
www.ffi.net
Was the 6402 Corporate Drive, Indianapolis, IN, ever sold for $6,750,000.00?
Is Carter Fortune still alive as the Chairman?
Ticker FFI …… GONE!
ZZZ
Any chance you could email him back and say...dude... Q1 ends tomorrow..?
Received email from CFO explaining that they expect to see it in the otc market sometime in the first quarter of 2014.
I emailed her about a month ago, she emailed back . I ask if the company would buy back my stock, she said not at this time. We all still have our shares of private corp. look for financial out by 9/30/13 to see what your stock is worth.
I called Carrie Hill at (317) 532-1374 but have received no responce..I guess us guys with over 501 shares are out in the cold..I do not know where to go from this point...some of you people may try calling that number to see if you can get through to Carrie Hill..she is supposed to be the person to contact regarding this matter.
Hey guys, what happens to the people that have more that 501 shares..I also have 2500 shares and do not know what happened to them as I have had no communication from the company..please let me know what I should do..TIA
Yes, about a week ago:
08/06/2013 MERGER MER PAYOUT #REORCM0050804150000
349CSH205 FORTUNE INDUSTRIES CSH CONTRA
Cash Shares: -500.000 Price: $0.61 Amount: $305.00
Did you just get cash in your account?
I have 2500 shares....wonder if I will get cash for the 500 and private shares for the balance?
I went back in that guy's history and he didn't post anything about it until 2013... http://investorshub.advfn.com/boards/read_msg.aspx?message_id=85480688
So you bought in 2013 right? not back in 2012? This thing was originally announced back in March of 2012.
Boy did I screw up that post, here is what it should have looked like:
I cheat. I read this guy says, every day:
http://investorshub.advfn.com/Lehman-Bros-Cap-Trust-VI-Prefd-Series-%22N%22-LEHNQ-14907/
He is one of the few on iHub that falls into the category of being "a nice guy".
How did you know to buy 500 shares on 3/11 in 2012? The very first press release wasn't issued until 3/26/12 after the close: http://www.sec.gov/Archives/edgar/data/851249/000114420412016989/v307145_8-k.htm
Did you mean that you purchased 3/11 in 2013?
I have 2500 shares but have seen nothing...
Are we getting the cashout for 500 shares and shares in the new private company for the remainder?
Anyone know how ths works?
Did you purchase your shares after March 26, 2012?
Technically they are not allowed to put a record date on a fractional share cashout, but they tried to do it anyways in their filings. I was wondering if they would find some way to uphold that date, but I'm guessing they did not.
Congrats!
My AMEX shares of FFI have been removed from my account at Fidelity and a placeholder remains in their place:
Transaction History for the Past 30 Days
As of 07/27/2013, 3:30 AM ET
07/24/2013 MERGER
34963X200 FORTUNE INDUSTRIES INC COM NEW
Cash Shares: -500.000
07/24/2013 MERGER
349CSH205 FORTUNE INDUSTRIES CSH CONTRA
Cash Shares: +500.000
I have more then 500 shares? It would be nice to sell at .61 LOL
It was originally stated that holders with less than 501 shares as of the original agreement back in March 26 2012
TO CONSIDER & VOTE ON A PROPOSAL TO ADOPT & APPROVE AN AGREEMENT & PLAN OF MERGER, AS AMENDED ON MAY 16, 2012, BY AND AMONG CEP, INC., A TENNESSEE CORPORATION ("PARENT"), CEP MERGER SUB INC., A TENNESSEE CORPORATION AND WHOLLY-OWNED SUBSIDIARY OF PARENT AND FORTUNE INDUSTRIES, INC., AN INDIANA CORPORATION ("COMPANY"), AND APPROVE THE MERGER CONTEMPLATED THEREBY.
Yep, as someone said when the PPS was about 20¢, 500 shares is an easy $200 profit.
Not sure what all this means? Are we getting .61 per share?
2013 FORTUNE INDUSTRIES, INC. Special Meeting of Stockholders
MEETING DATE: June 20, 2013
For Holders as of: May 8, 2013
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a)
of the Securities Exchange Act of 1934
(Amendment No. 5)
Filed by the Registrant x
Filed by a Party other than the Registrant o
Check the appropriate box:
o Preliminary Proxy Statement
o Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
x Definitive Proxy Statement
o Definitive Additional Materials
o Soliciting Material Pursuant to Rule 14a-12
FORTUNE INDUSTRIES, INC.
(Name of Registrant as Specified in its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
o No Fee required.
x Fee computed on table below per Exchange Act Rules 14a-6(1)(1) and 0-11.
1. Title of each class of securities to which transaction applies:
Common Stock, Without Par Value, of Fortune Industries, Inc. and Class C Preferred Stock of Fortune Industries, Inc.
2. Aggregate number of securities to which transaction applies:
12,287,290 outstanding shares of Common Stock as of April 24, 2013 plus 2,306,000 shares of Common Stock that are issuable upon the exercise of outstanding warrants (including currently unvested options that will become vested at the effective time of the merger, all of which will be cancelled at the time of the Merger for no consideration) and 296,180 Class C Preferred Shares.
3. Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the filing fee is calculated and state how it was determined):
The proposed maximum aggregate value of the transaction, for purposes only of calculating the filing fee, is $13,789,134 which is the sum of (1) product of 92,981 shares of Common Stock outstanding as of April 17, 2012 that are proposed to be converted into the right to receive the merger consideration, multiplied by the merger consideration of $0.61 per share; (2) 7,344,687 shares of Common Stock and 296,180 of Class C Preferred Shares which are being acquired for a combination: (i) $7,000,000 in cash, (ii) a promissory note in the principal amount of $6,300,000 and common shares of the Parent acquiring company equal to approximately 22% of its total outstanding shares valued at approximately $441,343. The filing fee, calculated in accordance with Exchange Act Rule 0-1 1(c)(1) and the Commission’s Fee Rate Advisory for Fiscal Year 2012, equals the proposed maximum aggregate value of the transaction multiplied by .00011460 ($114.60 per million dollars).
4. Proposed maximum aggregate value of transaction:
$13,789,134.
5. Total fee paid:
$1,466.66.
x Fee paid previously with preliminary materials.
o Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11 (a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.
(1) Amount Previously Paid:
$1,466.66
(2) Form, Schedule or Registration Statement No.:
Schedule 14A
(3) Filing Party:
Fortune Industries, Inc.
(4) Date Filed:
May 22, 2012
TABLE OF CONTENTS
[GRAPHIC MISSING]
Dear Fortune Industries Shareholder:
At a special meeting of the Shareholders (described in the accompanying Notice and Proxy Statement), we will ask you to consider and vote upon a proposal to adopt the Amended and Restated Agreement and Plan of Merger (the “Merger Agreement”), as amended, by and among CEP, Inc., a Tennessee corporation, CEP Merger Sub, Inc., a Tennessee corporation and wholly-owned subsidiary of CEP, Inc., and Fortune Industries, Inc., an Indiana corporation (the “Company”). We believe that this transaction creates new opportunities and flexibility for the Company and would generate several critical benefits that are urgently needed.
Among other benefits described in the Proxy Statement, your approval of the merger between Fortune Industries, Inc. and CEP Merger Sub, Inc. would result in the following:
• Each record and beneficial owner of the Company Common Stock (the “Holder”) holding fewer than five hundred one (501) shares thereof on the date of the Merger Agreement and until immediately prior to the effective time of the Merger (the “Effective Time”) (including any heir or devisee of such Holder holding such shares pursuant to the laws of descent and distribution in that Holder’s domicile), such Holder’s shares of Company Common Stock issued and outstanding immediately prior to the Effective Time will be canceled and extinguished and automatically converted into the right to receive Sixty-One Hundredths Dollar ($0.61) per share, without interest and less any applicable withholding taxes (the “Small Block Holders”) (a 22% premium over the volume weighted-average closing price of our Common Stock during the 30 trading days before the Company’s board approved the transaction);
• Each Holder of Company Common Stock that does not meet the conditions to qualify as a Small Block Holder will continue to own those shares of Company Common Stock owned on the Effective Date of the Merger in the Company, which shall be the surviving company in the Merger and which will continue to be called Fortune Industries, Inc. (the “Large Block Holders”);
• Elimination of the perpetual dividend on the Series C Preferred Stock which, if left in place, would reduce earnings available to Common Shareholders, by $1,356,653 in fiscal year 2012 and is scheduled to reduce earnings by $1,627,984 in fiscal year 2013 and $1,899,314 in fiscal year 2014 and each year thereafter. The new transaction structure is projected to increase cash flow by $347,405 over the next five years and by $1,899,314 each year once the term debt and promissory note have been extinguished;
• Elimination of the security interest granted by the late Carter M. Fortune (“Mr. Fortune”) to Indiana Bank and Trust, which has since been acquired by Old National Bank (the “Bank”) as collateral security for indebtedness unrelated to the Surviving Company (“Mr. Fortune’s Estate’s Loan”). As noted in the risk factors of the Company’s March 31, 2012, September 30, 2012 and December 31, 2012 Form 10-Q filings and the Company’s June 30, 2012 Form 10-K filing, Mr. Fortune’s Preferred and Common Stock, which has been transferred to Mr. Fortune’s estate and the Carter M. Fortune Living Trust (collectively, the “Fortune Interests”), respectively, and are held as collateral by the Bank for Mr. Fortune’s Estate’s Loan. Future default on these obligations by The Fortune Interests could have a material adverse effect on the Company’s (a) operations (because Mr. Fortune had guaranteed certain collateral obligations for the Company which could be denied at renewal), (b) capital structure and (c) corporate governance. If the Bank were to exercise one or more remedies with respect to Mr. Fortune’s Estate’s Loan, the Bank may be entitled to take title to the Fortune Interest’s Preferred and Common Stock which could result in the Bank becoming the
Just covered at 0.26. Done with this POS
Just covered at 0.26. Done with this POS
I don't think so to be honest - I think today's trading showed it has value between 35¢ and 42¢ currently and with news it may push up from here.
Good thing is that since its on the NYSE it will trade on merits and not BS board posts and pumps.
Yeah. It will go back to the price before the pump which is in 0.20s area.
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Fortune Industries, Inc. is a holding company, engaged in providing human resources outsourcing services through co-employment relationships with their clients. On November 30, 2008, the Company completed a transaction to sell all of the outstanding shares of common stock of the wholly owned subsidiaries James H Drew Corporation, Nor-Cote International, Inc., Fortune Wireless, Inc. and Commercial Solutions, Inc. On November 30, 2008, the Company sold or discontinued operations in its Wireless Infrastructure, Transportation Infrastructure, Ultraviolet Technologies and Electronics Integration segments. The company has now concentrated all its resources as a professional employer organization in the United States. It provides human resources outsourcing services through co-employment relationships with its clients. The company's services comprise human resource consulting and management, payroll and tax processing and management, worker's compensation and risk management, benefits administration, unemployment administration, human resource compliance services, 401k and retirement plan administration, and employee assessments. It serves customers operating in various industries, including healthcare, professional services, software development, manufacturing logistics, telemarketing, and construction.
Corporate Governance:
Board of Directors: Carter Fortune (Chairman); P. Andy Rayl, David Berry, and Patrick Ludwig (Directors)
Corporate Officers: Tena Mayberry (CEO and President; winner of 2009 Nashville Business Journal "Women of Influence" award ), Randy Butler (CFO), P. Andy Rayl (COO)
Recent News Headlines:
Outstanding Shares: 12,235,790 as of February 14, 2011
Further information can be found on the company's website http://www.ffi.net/
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