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Congratulations everyone
Rossi is the man, we gave you the benefit of the doubt and you proved you are the honest CEO
MOAK here Qs coming ,share retirement, cse uplist , revamp coming!
10k filed! Unbelievable whooooo
I agree,
2018 should be a great year for FNHI as far as developing the business and increasing revenues.
Gm $FNHI
Thank you
Thats an excellent brochure/investment package. Must have thanks!
FNHI/ Worksport future valuation and Tonneau market
The Tonneau market is currently occupied by several competitors , the biggest being Truck Hero, a holding company for numerous brands of manufacturers. We will discuss Truck Hero Revenues below. My sources tell me the truck accessory market is estimate to be over 12B (Both OEM and aftermarket). Because many of these manufacturers are privately held companies, their revenues may be difficult to come by. Luckily we caught a glimpse of a small part of the market during Truck Hero's attempted IPO. The 2014-2015 fiscal year showed Truck Hero pull in north of 400M in Revenues. It is only natural to believe this figure is much higher now.
In 2016, approx 2.2M new light pick up trucks were sold. Ford consisted approx 30-35% of these sales, followed by Chevy second, and Dodge at third place. Assuming each new truck sold is a potential customer, and each customer picks a low-moderately priced Tonneau cover ($200-$400) - the annual potential here is approx 440M to 880M dollars. If we include higher priced tonneau covers, it becomes easy to see how the new truck market is a 1B + space. This is the potential for bed covers alone, and does not include other related accessories (Rugs, tool boxes, bumpers, liners, ETC., a market worth many billions more)
If the new pick up market is a Billion + market for tonneau covers, we can safely assume that the used pick up market( the aftermarket) is a conservative double to triple amount of the new pick up space. Thus we arrive to a Tonneau cover market of 3-4 Billion dollars. Again, this is not including other accessories.
What does this all mean for the future of FNHI/ Worksport ?
Mr. Steven Rossi, CEO of FNHI and the future WORKSPORT line has previously stated short term goal of 5M annually, and long term goal of 50M + . The company, currently selling under Truxmart has an innovative line of Tonneau covers - both hard and soft. Recently the company has introduced the Alpha and the Alpha Helios covers, the latter embedded with solar panels to produce over 400 Watts.
We have estimated the Tonneau market to be approx 3-4 Billion dollars annually, if FNHI can capture 1% of this market, revenues would be 30-40 Million dollars. This shows how conservative Mr. Steven Rossi's revenue goals are. It is also not a IF but a WHEN that FNHI/WorkSport begins to sell other truck accessories - increasing revenues significantly.
With the share structure changing soon to reflect the planned retirement of the majority of the CEO's shares, and based on management's conservative revenue goals, we believe the price per share valuation to be as such:
.25-.50/share if company can show gradual increase towards 5M annually. $1+ /share if company can show growth towards 25M annually, and multiple dollars if long term goal is realized.
Disclosure: The author of this article has not been compensated for this opinion piece. The author currently owns shares of FNHI, and reserves the right to purchase, sell, hold and/or otherwise at anytime. This article is strictly an opinion, and we suggest you do your own due diligence. The author is not a financial adviser. Always seek the advice of a financial adviser when making financial decisions. This article is not a solicitation, but for informational purposes only.
I don't doubt what am saying, otherwise I wouldn't be saying it.
Rossi is the best guy and FNHI is the best company.
Rossi is the best guy and FNHI is the best company.
Good morning to the best board and company on the OTC $FNHI
In theory, yes the 10k will include subsequent events from q1, q2, and q3.
Anytime brother,
We got something special here. Some see it now, some will realize it at the 06 break, and others will begin to understand at the .15 break.
We got a CEO that has our back. Where many other CEOs pump and sell their stock, only to compensate themselves with more stock.
Rossi has made a commitment to exchange his commons (of which he has sold ZERO) for preferred shares. This will reduce the OS almost by half.
Lucky time to be part of this.
OtCm
Hello everyone
Can finally post my thoughts freely. I will not entertain conspiracy theories , no respect or consideration for such.
Personally I think Steven Rossi is an impressive CEO who has built a great company. I also believe the best is yet to come.
oTcM
$FNHI
$FNHI
The float is not 110, it's 101,789,463 and the remaining 8-9m are held by legacy shareholders who haven't deposited their shares since 2014.
Good luck.
I hope you all saw the recent article about Debruse acquiring three tonneau companies. Parent is a multi-billion company.
$FNHI / WorkSport will be epic soon. Steven Rossi will make sure of it.
$FNHI many millionaires will be made here in my humble opinion, as we are nearing a monumental expansion effort by the company.
Rossi wants this at the top, he's not a quitter. Despite all the odds, he has done everything to maintain shareholder value.
He's one of the good guys...but I'm sure many won't realize this until there are less and less shares to buy.
Whoever is in this stock is very fortunate , especially given this is the OTC where most are scams.
Go Rossi / FNHI
Very exciting stuff happening in our niche market as three tonneau cover companies are acquired by Debruce https://t.co/Tw6bLEsH6A - read the article - multi billion dollar parent company.
This is the end goal for FNHI , a massive buyout In my humble opinion. Will take a few years but Rossi will see this thru no doubt.
Rossi has been 100% honest with us. Unsubstantiated allegations against the CEO will be proven wrong again.
We believe this be a rare opportunity in the OTC.
The 10K delay is an anomaly of business and does not reflect on Rossi's abilities. We fully support our CEO.
Patience will be rewarded. Longs know what they own. Steven Rossi will deliver 100% . He's a man of integrity. Everyone will see that soon.
$FNHI this fundamental beast is going to skyrocket soon. Mr. Rossi may have misjudged the timing of the 10K but I think it was what he thought was correct at the time. He has delivered before for many years, and I have no doubt he'll deliver again.
Started one product years ago, and now they have multiple products for a variety of vehicles.
I trust Rossi, everything else is noise.
$FNHI collosal epic move coming will obliterate all resistance. The honest CEO , this is a buy one get one free type deal. Theres only one Steve Rossi. Go get that 10k Steve, you lion.
.25 coming soon - $FNHI is steaming.
Go $FNHI awesome restructuring of the corporation. Much more to come gentlemen. Rossi is taking FNHI to the top.
Congrats to $FNHI on a nice reorganization 8k
Yes OTCm is here. Long and strong. $FNHI beast mode Kimminent.
Hello there. Not much activity at the jailhouse. Hoping I'm granted parole next week, because frankly In my eyes dindu nuffin but defend a good man, Mr.Steven Rossi.
Though greatly wronged, I will ask the almighty to forgive and not punish.
Hello my name is OTCm - very happy to join you guys. FNHI is a fundamental beast, check it out.
Love me some Rossi
As we all stated cheers ! FNHI breakout imminent.
Second biggest weekly volume since April
$FNHI 6 month bullish flag imminent breakout
There is no lawsuit, it was dismissed in 2016.
Hi Roag there were two lawsuits, one was for the name. Both were dismissed.
Thanks
The Truxedo lawsuit was voluntarily dismissed by Truxedo in May 2016.
No evidence for these claims. A lawsuit was filed in 2016 and Closed. Truxmart continued to sell under Truxmart. You can go online and buy a Truxmart product from several websites.
Truxmart experienced their highest orders this year via official PR.
These claims shouldn't be entertained and amount to a conspiracy.