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Unfortunately this one has very limited upside right now. Way to many converted notes and outstanding warrants. Any movement above $0.10 will be quickly whacked back down. The higher the average volume the more they can liquidate. The good news is that that selling will subside around $0.07. Then we should hang in a channel from $0.07 to $0.12-0.15 for awhile. I guess if you are looking for quick flips then you might be interested. I'll pass for now but still watching for a 10Q showing that many of those warrants are cleared.
Please double check your charts because the average daily volume is around a half million for the past 30 days. I suppose if you are a day trader that might appear as null or nil but that is someone's $17,500 trading each day. And when it runs you can count on millions of shares trading hands.
I think he is orchestrating more than a 10K drop. I expect the 10K and 10Q then immediately after that the DEF14C for the share retirement, then the CSC uplisting and the release of the $450,000 from Gunpowder for production. When the first pin falls the rest could come right on the heels. That is why I think we move through $0.10 fast and maybe $0.15.
Are you asking if the company was worth $32.5M in late 2015? I can't really say because I was not around then, but clearly some investors thought so since it traded in that range. In mid 2016 it was valued at $10.5M. IMO that is closer to what one would value a company with $50M revenue targets at. Did we reach $50M by 2017? No. Hence the drop. In Jan 2017 the wheels fell off with the 8K saying that the previous filings should not be relied upon. Now a lot has changed since then. The debt structure has been improved but the OS have increased. Valuation is up to each investor but IMO we should be closer to $10M than $2M.
Nice volume and bid at $0.03...this one is Amazon Primed!!!!!
There is no financial relationship between the junk business and FNHI, right? I didn't see anything in the last 10K. I know Rossi leads both but I assume that is a family owned venture.
So a 75k order moved us back up to $0.03 and you say there is no buying today? Imagine what will happen when this thing actually runs. The first block order for 200k and we could be on our way through those fake Asks. Watch them scramble then!
What was the cause of the drop?
Absolutely no proof of the CEO lying. He said the K was finished as far as his content and then there have been back and forth with auditors and legal. He may have given some hints of other things but he really should not be divulging info in personal emails from investors. There is no lie in any PR.
IMO we have a strong 3 month base at $0.029. Pending no negative news there should be very little selling below that. As far as buying, well I can tell you that I am certain of two people with orders waiting. I am assuming there are more. We are coiling up nice and tight for the K. I was hoping for another week or selloff but I'm not sure I'll get it. I may have to be happy with what I got under $0.03.
There must not be many cheapies available cause I can't get filled. Although I'm also not hitting the ask because whomever is selling should have to pay.
Has anyone around here ever been professionally involved with filing a delinquent annual report? If not then how can anyone say it has taken too long without being privy to the complexities? I will admit that Rossi never should have said "imminent" but you gotta weigh that with the other stuff. No share dilution is huge when balanced with no more toxic debt. The funding for production is based solely on listing with the CSE which should automatically happen after they file the K and Qs. If the reports of purchase orders are true, which no one can prove yet, then there is no way to hold this back. That alone justifies over $10M market cap which is a 5 bagger by my calculations. Giddy up!!!
I got three chunks today...anybody got more for me on Monday??? Please dump! The sky is falling!!!
Doesn't all of this just confirm that he is working the 10Q at the same time and only planning to submit all together? I mean we need all to remove the STOP. I don't see that as negative. I don't see that anything changed recently so this is nothing more than a buying opportunity since no one was selling recently. Give me some more cheapies please!
Got some cheapies...thank you. Got anymore you want to give me lower?
I got those 4700. Just tying to see what is for sale at what levels. No selling right now. This is primed to jump big with the K!!
Doesn't that mean that no one is selling at this level? I know the response has been that no one is buying but I know one order that was in today that did not fill above the $0.0272 low. This feels more like manipulation to shake out weak hands.
Dang AON order did not fill today above what trades as the low. I guess it doesn't pay to set that.
Based on the early June trading one could assume we see some $0.026-$0.027 trades as a bottom. So let's call that the downside. I suppose something could push this to the lower 2's but I think that would require negative news which I cannot guess about now.
Now let's think about upside. Everyone knows the variables and expectations. Let's just assume one of those is achieved. I don't see $0.04 being any ceiling for FNHI. We almost got there on no news at all the other day. So I'd see the first resistance at $0.051-0.052.
So downside is 13.8% and upside is 79.3% (not factoring in commissions). I'd say that is prime!
How much does a PR cost a company? And I'm not talking the pump and dump kind. Just a shareholder update?
The run will depend on the news. Yes, there will be selling. I don't think it will happen at $0.05, but maybe some at $0.06. Just a guess though, but many penny players target triples or they don't even enter. I will likely take out my initial at around $0.10 as well but my hope is that the momentum will have shifted by then and the other targets become closer which would continue to overcome that profit taking after a few months of consolidating at the $0.09 level. After that it is anyone's guess where it can go because previous chart patterns were for a completely different business.
I still see this as one of the best opportunities in pennyland. No toxic debt and insiders that are holding strong. It is a matter of patience but if you apply the rule of thumb to ask yourself if you would buy today if this was your first time hearing about it, then I bet most of us would buy. If you disagree then cut your losses and go, but personally I'm trying to get anything under 3 that I can.
I'm on the sideline for this one. Like the idea but worried it is too far out and the competition has too firm of a lead. If...and this is a big if...they can seal a deal with Amazon and the NFL for products marketed during commercials then I'm in.
I really doubt that he will be concerned about the holiday or even the disaster (with all due respect to those suffering). He isn't concerned with timing just for the sake of share price. My guess is that he wants to drop K and Qs together. Why drag this out again? Isn't he late on the Qs anyhow so the STOP would stay until they are filed?
I don't think anyone should be disappointed if we don't get a huge run on just the K. I have seen this play out before. Everyone was disappointed that it didn't double. I believe the true move will be when the STOP and Yield sign are gone and a PR outlines the way to CSE. I'll call the first double there. Then followed by purchase orders to prove that the first batch of product from the $450,000 Gunpowder deal is already sold. That should support another double. Then a quarter or two later when we prove $5M+ in sales is doable then we double again. If you are following that is $0.12. After that I think buyout or $10M+ sales causes another double to the $0.24 range or more for the buyout.
They still must pay interest on the notes and that must all come in the form of stock because they are cash poor right now.
I want to know how these people live on warrant salaries. I just can't believe that anyone holding warrants are not taking some money out. I know we can't prove it but maybe we can get an update on O/S from the transfer agent.
I sure hope he is correct for all of us. There is just no volume of Gunpowder shares so I would not touch that one. Hard to believe that many investors would be willing to accept payment in the form of something that is not liquid.
At least with FNHI having low volume today we know that that is just cause by no one wanting to sell at these levels. I know there are buyers since I personally have two orders in myself.
I'm new to FUSZ and I really love the premise of the business and the idea of the new marketing technique; however, I just can't invest knowing the recent debt structure and outstanding warrants will pressure this down to the 7-8 cent range over the next few months UNLESS they can show revenue before then. I believe that is what has killed all of the recent rallies. At least those debt holders got rich and may be more likely to bring more funding back to the company. Either way, adding to my follow list for down the road when the $0.07 warrants clear the books.
I wish I could get in on 18% interest. I have $10,000 for them at that rate, but not convertible.
I did a little DD on Gunpowder and now I am questioning their ability to even deliver the remaining $450,000 for production. According to otcmarkets.com they had $750,000 in March but are burning through about $200,000 per quarter. They recently settled a debt agreement for shares with a hold period. Just speculation, but could the delay in filings be related since Gunpowder may not be ready for the train to leave the station? #worried
To whomever is selling please let more go in the upper 2's.
Could the competitor be Lund Inc? Based out of Georgia. Private with over $100M in annual sales.
I'm disappointed. I just Googled Top 10 Truck Bed Covers and found a link to autoanything.com. Truxmart not even listed in their top 10.
I was also disappointed to find our trifold for $259 and the top rated for that site from Tonnopro at $259. There is actually one available at $249 from American and one for $299 from TruXedo. I really thought our price point was much better.
On a plus side, I did find many others north of $300 ranging up to $1500 for the hard metal caps. I am still trying to breakdown the market to figure out FNHI's chances of breaking through and grabbing 5-10% market share. Also hoping to uncover who the competitor was on my own. So far I don't see any that are north of $1B.
Any chance that the buyout happens before Rossi retires shares? He could put that out there to stabilize and maybe inflate the price. The meeting with a competitor could only be about merging or buyout. There is really no other value to both organizations. Perhaps the competitor wants the purchase orders and patents. They could buy them now for under $3M and eliminate a competitor. That is pretty cheap for a $1B company.
Truxmart website is offline. Does anyone know why or what is changing?
I must respectfully disagree. The creation of these forms is not public knowledge. The back and forth discussions between the auditors, lawyers and execs is not and should not be shared with anyone. Rossi has not done that. All he has tried to do is tell some people what his understanding is of the status. Clearly he could only guess and should not do this via emails or texts or any social media. I do not want my money in FNHI to be spent on useless PRs stating that it went back and forth. Just tell me when it is finished and in the meanwhile I will accumulate with any spare cash I can find.
I love this buying opportunity to keep accumulating. Got some yesterday and working on more now. Sorry for those frustrated but this consolidation is good for us all. I think the reason we did it return to the previous low despite no material news is because the word is getting out. Without press releases this one has not hit the mainstream. Feels almost like a coiled spring. We could use a few more naysayers to short this which would cause an even greater jump on news as they scramble to cover when we are not will to let any go south of double digits.
I don't see how you can use the adjective "lots" when you say that dilution is happening. I believe we all know that the O/S has increased from a year ago. Very few penny stocks do not have any increase without taking on a lot of toxic debt. Our job will be to evaluate if the dilution to cover operating expenses is at a reasonable rate and that we can reasonable expect to see future sales offset that dilution. If you have other information indicating a higher level of dilution then please share.
Can anyone explain what is holding this above the June low? I really thought it would return to that level until something of material substance was filed or reported.
How could they have traded shares at $0.0284 when my little order at $0.03 did not fill????
With the consolidation at $0.03 that is occurring now, I doubt there will be a sell off. I would love one because I want more cheapies before the true run. I would like my average to be right here at $0.03 and then I'd be happy with selling around $0.30 and hang on to some for the long long term.