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The only ones left here are quality investors with balls of steel. Our move will inevitably be powerful.
Hi Fink lorenzo Rossi teaches computer science and film making. Look at what one of his students said about him:
"Mr. Rossi is probably my favorite teacher at this school. He plays Christmas music in December! I've never had a teacher do that in high school. He also makes you watch pirates of the silicon valley. Very knowledgeable in almost everything and he doesn't sugar coat anything. He's a real G."
Like father, like son.
Great post Fink, you're starting out your saturday with some motivation, love it.
I agree with you on the character and integrity of the Rossi family.
Cheers. And I remember that old coot Dean Bradley. Was a waste of life.
Amusing usless stuff I've found:
1) one of Rossi's companies he founded (auto recycling) also utilized Gunpowder for funding this year. These Ontario businesses he founded are active, though Rossi is no longer a part of them. He started two companies Really really young.
2) Rossi comes from a very successful and educated family. His father Lorenzo teaches at a cathloic school and is a well respected man. He's a director of FNHI.
Very smart guy we're dealing with, this is Rossi's biggest adventure to date. The progress he has made since 2011 is quite impressive. Hard part over.
And he's only around 30 years of age.
When the 10K hits FNHI will break 05 and it aint looking back. That will be the breakout of the 6 month bullish flag. I expect the current 3.5M retail market cap to increase to 10M shortly after , easily by q1 /q2 filings.
Lots of catalysts to follow. Stop sign removal, PP offering, QB uplist , and cse uplist will increase market cap to 25M +
Absolutely agree , I totally get the skepticism about the 10K delay, but to extrapolate that fact into a scam is quite the intellectual dishonesty.
Everything will be made clear soon. I'll just keep reminding everyone that retail market cap is 3.5M . Expect that to be a sustained 20M short term.
But yes many will be chasing.
CEO tweet:
"Kyle, things have progressed and we're confident. Yes, its taken longer than even I believed and I am sorry to all FNHI shareholders."
Yes and even at .25 our market cap would be less than alot of the scam companies feeding their investors a bunch of BS and happy dreams.
None of that here....A..B....C - we hit our goals and we steadily rise.
It all starts with the 10K
Scam? Wrong board kiddo.
Yup final stage here. Expecting the K by next week.
Yes it is.
Welcome :)
My point is Rossi has been consistent in explaining and accepting the delays. It is very clear the last few weeks he has become more open about the 10K because it's practically done. Just yesterday he said the FS needed one more change and it's done. I'm calling next week for real this time.
More proof refuting some of the allegations like Rossi not paying the auditors - SRT8 convo from June:
Great email thank you!
Email from months ago to DipandRip:
We’re struggling with a few issues this year that we’re not as apparent last year. We’re working hard and all I can say is that we wont be in this position again.
There is nothing else that is affecting things other than the team having a lot of stumbling blocks this year that were not there last.
We will file and get current. That is a guarantee. ASAP
Steven.
Let me add Scooby no CEO would've been as responsive, the guy works his ass off and responds to dozens of emails a day. He also responds using full sentences, you should see what some of the other CEOs respond if any. One worded responses.
Rossi is sincere as they come Imo
This is coming from your CPA friend who objectively has Zero information on the financials of FNHI. The Auditors have been working on the audit since the early months. There was alot of back and forth and issues with confirmations and cash testing. This is part of an email from march:
"Our audit is late, yes. We are working hard to complete it and the delays were in relation to matters (cash testing and confirmations) outside of our control. Once the audit is completed, we will be able to move ahead on our CSE dual listing and capital that will drive our expected revenue targets for the balance of this year. As I always say “brick by brick” – from a humble seed grew the mighty oak "
The auditors are practically done now, so yes they completed the audit. Rossi is not going to lie about this - he has gone piblic and via Hundreds of emails to state the progress we have made.
So no, your friend isn't correct about auditors not being paid that is silly.
Good morning $FNHI
I've had three people contact me inquiring about FNHI today- all long term players. I'm glad we're attractimg investors and not flippers.
Indeed the MOAK is imminently imminent. I love FNHI because at a retail market cap of 3.5M - nothing is priced in.
CEO feels FNHI should be sitting minimum 20M market cap soon.
Welcome this is a good and easy read:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133027547&txt2find=DD
Its a nice color too, that PP cert.
Symbiotic relationship
ROSSI TWEET CHECK IT OUT
New share certificates proofs. $FNHI. PP to follow 10K. Will you get the chance to hold this limited edition certificate? pic.twitter.com/JNqZM8Hkcn
— Steven Rossi (@StevenRossiWKSP) August 17, 2017
No the meeting was apparently with a large competitor who was willing to help out. Signing a deal with them will be huge, no ifs or buts about it. That's why FNHI presents sich a lucrative opportunity.
And if the company is sold, you'll just get cash. But there are numerous other ways a deal could be structured. You could also get shares in the acquiring company.
Purely as basic arithmetics and not related to FNHI
IF there was 150M shares and a buyout is for 150M dollars - it would be $1/share.
However because in our situation Rossi will most likely get half of that (well deserved)- it would translate to .50/share for us.
But this is all estimates, could be double,triple of the above example if Revenues are right.
Again this is probably a few years down the line, that's a big IF Rossi wants to ever sell.
I agree Bob the figure I gave was a rough ball park minimum so to speak. I'd imagine if he was to hit long term goal of 50M , then valuation would be much higher.
Nice post Fink the more beer you drink the better your posts get lol
At 10-20M revenues - we will probably receive an offer from Truck Hero
I think Rossi wants atleast 150M , half for him half for us.
To put things in perspective, current retail equity is a little above 3M dollars, if we get half of a buyout deal - we are talking about a significant return. If retail gets 30M thats a ten bagger, 60M thats a twenty bagger etc.
BAK sold for 125M a few years ago.
But most will sell before a deal like that is realized Imo. I'm keeping atleast a million for a buyout.
Ya they were just playing around
Or just buy those reusable yard bags.
Yes I think the recent lows may never be seen again.
We are on the verge of "the" breakout Imo
If Rossi meets half of his stated goal of 50M revenues longterm, $1 is possible.
At 50M revenues , buyout price will be 200M-300M dollars Imo , ie thats quite a return from here. Ull be paying lots of taxes.
Yes the legs and arms are around the corner, we just need the head to catch up lol
$FNHI looking forward to an OMVS type move soon.
A 20M day volume will set the record straight again. Coming soon to an L2 near you.
Glad you could join us Nate , follow what your heart has always believed.
It means "Fo sho" we is cleaning this house lol
Jk financial statement