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Will test new highs this week Imo
Not when there is 60M stacked on the ASK
exactly the more I hear this CEO talk the more I believe in what he's doing. A lean operation, love it. If some want to deal with VNDM, COWN, VERT, BMIC etc then I got a whole list of stocks to share with you, and this ain't one of them.
Some here don't appreciate a little bit of honesty and hard work. The man is right, you all want a private accountant, then pay for one. how about some shares? No?? ok then shut up and be patient.
Another badass CEO email thanks Buck
Rossi is honest and benefits not from giving out dates he doesn't expect to meet. Delays are part of the real world.
Yes this won't happen again next year.
It's not going to be today the accountant is supposed to send second round back today. We'll get an update later on Im sure.
Good morning $FNHI
See people here don't understand the dilemma our CEO is in , he can't fire the accountant during the 10k because that would prolong the audit. He would have to find another accountant willing to finish a job he/she didn't start.
So Rossi has been on the accountant's ass trying to get him to finish it up and work with the auditors.
The for hire accountant probably could care less about FNHI.
Luckly the audit is over and we are in final steps. So He's going to be dismissed Imo.
Rossi is an honest man caught in an accounting quagmire. Anyone criticizing the CEO isn't being honest Imo.
Can you write that again so people don't get confused lol. Btw the delay in 10k has alot to do with our for hire accountant, he's going to end up getting fired Imo. He's not in house so he takes his sweet time.
Wtf is up with this board. Are you all ok? Man so much despair.
There are weekends and holidays in the real world , last year there were three rounds of comments. Sellers will miss out on huge profits.
Have a good day.
FAKE FACEBOOK POST IMO
Thank you!
Rossi believes this will be a $1 plus stock one day.
Yup either this week or early next week. Definitely not September.
Rossi is basically saying with increasing revs and short term 5M revs- that the market cap should be 20-25M which is correct. That would be many multiples from here. Float market cap is about 3-4M right now ;)
Rossi seems hellbent on keeping the share structure close to where it is now. Just amazing Rossi you are a fucking beast.
Once filings come in this will run to the PP warrant prices in the teens. Holy hell Buckboy that's some crazy news. Even I'm surprised.
Told you guys hell ya !
Patience will be rewarded here
OTCm
The more subs sell the quicker copper will come
One of my other holdings 10K just came out this morning, FNHI you're next baby.
Looking like copper might be in play by end of the week.
Big week here.
$FNHI
No I'll be up until we hit $1 lol
It was nice to see Rossi change his long term Revenue target of 50M to "medium term"
Pure ecstasy.
Idk let me ask Edgar.
Indeed if we are able to raise the funding, according to Rossi they would like to be 5M-12M in annual revenues within one year.
That's basically 33k-80K units sold a year. (Not hard to do)
At the lowest estimate of 5M revs (33k units), the stock could be valued at .25 plus HOWEVER because the market is forward looking, if FNHI shows increasing revs quarter after quarter, stock price could very well be .50 plus before realizing additional revenues.
With funding, otcQB and CSE uplist we could see .25 before any of these revenue targets are achieved ( Again because markets are forward looking)
The lack of debt or minimal debt ( lean operation as Rossi calls it ) makes FNHI quite the lucrative investment.
Furthermore this is not taking into consideration any deal on the Alpha and the Alpha helios which could make the above revenues look like peanuts.
Tesla? Work Horse? Yummmm
OTCm
Thank you! That's some much needed DD
Yes we should see PP offering as soon as Rossi gets these filings out. He's pissed that it took this long, but we are practically done at this stage.
Agreed setting up for a massive move here.
CEO Emails to Dozerman regarding future plans- must read -
PLEASE STICKY - much thanks to Dozerman for taking his time to ask good questions
1) Good evening
Not intrusive at all. Infact, a very refreshing set of questions.
First let's establish our line and "thin our the heard" (in terms of what we expect to generate revenues to the initial 5MM mark)
We presently have:
Tri Fold
Smart Fold - under redevelopment
Quattro
Smart Roll - not proprietary until further developed
Forte - private label only at this time
Alpha - under development
Helios - under development
The covers to get us to the first 5MM in revenues are expected to be:
Tri Fold - good volume seller
Quattro - unique to Truxmart
Smart Roll - good volume seller in certain areas
Forte - good volume seller
Now, speaking of skew of volumes I believe the Forte will be the slower selling, because of the price point and lack of real innovation - but the Alpha and the future Quattro Plus (tentative name for our Quattro hard cover to be developed shortly). I would suggest the soft covers will "get us there" and the innovation to come thereafter will get us moving along to the 50MM in revenues we seek.
Current wholesale (revenue) figures - assuming we will not sell any retail priced covers are:
Tri Fold - 160 (give or take)
Smart Fold - 180 (give or take)
Quattro - 225 (give or take)
Forte - 335 (give or take)
If we take out anticipated cost of goods sold (Freight and handling out from our logistics warehouse) our real semi-net figures tied to revenues are:
Tri Fold - 130
Smart Fold - 150
Quattro - 185
Forte - 285
This is essentially what we'll look to recieve after shipping the products, assuming they go "drop ship".
Now - "scales of economy prevail". In that, as we grow our COGS will also drop as we'll earn discount from shipping, handling, and manufacturing. Also, this is the "drop ship" model, where we stock and ship as our clients sell and need. This is what we'll expect to be working with as we begin to grow BUT we expect to get more "inventory" and "stocking" orders as we grow as well, is it then when we'll see the biggest profitability and reduction to our COGS as Freight in skid-lot sized orders is substantially less than individual ground shipments via FedEx, UPS, or USPS.
Moving on to our medium term objectives:
We plan on further reducing the cost of our Tri Fold upon being fully stocked again in the USA as a promotion". We also plan on bringing out Quattro cover down in price as a promotion and to encourage the market to begin to realize the great and true benefits of that cover. We want our Quattro to really become the next generation Tri Fold cover.
The inventory required to facilitate business from Auto Zone is strictly for their "online" type sales through Auto Anything (.com). The brick and mortar stores of Auto Zone are truly a much larger beast. Amazon being another monstrous revenue force for Truxmart product(s).
Now, keep in mind that we gather that about 1,500 units are sold, daily, in the USA. This is only in the "after market" - OEM sales from dealerships figures are likely larger, in addition - but that data is virtually impossible to get. That is, roughly, six million in revenues per day in the USA from just one of the markets, OEM business being a long term goal of ours, as well.
Assuming we get about 5 percent market share, that is 75 covers per day, which we have done before - without trying. At an average revenue point of 150 dollars (to be conservative) with just over 200 days a year to sell - do the math.
You should now clearly see our targets are extremely conservative.
Now add:
Latin American
Europe
Canada
Australia
Then add OEM manufacturing for:
Toyota
Nissan
Ram (FCA)
GM
Honda (Ridgeline)
Ford
Then add Helio's possibilities for:
WorkHorse
Tesla
(As well as subsequent EV truck manufactures to come)
Lastly, we do not have pricing for the Helios. But, at an estimated $1 per Watt - at 400 watts, the Helios version will be an additional $400 to the Alpha. The Alpha we hope to wholesale for about $450-$550 (cover and rails), the myriad of (revenue generating) accessories and add-on's to be additional.
Be well,
Steven Rossi
Truxmart
2) Good morning -
That's right. $2.3MM in additional revenues.
Now, by no means a figure to be excited about. Please don't get me wrong, I could easily outline figures that would impress much more. But what I was trying to do is outline that with little volumes and two products, increasing present revenues 400-600% is not difficult.
Now the math changes at 6%, 10%, 20%...etc. With more products as well as innovation to penetrate more of the 75% of Truck owners estimated to not have a cover. Scales of economy prevail in gross and net margins should increase as we grow. We run a very lean operation where our overhead will not increase "linear" with our revenues.
Your question was to figure out how we're going to get to $5MM. Hard work, but not hard to do (with funding). The task becomes more challenging to get us to $50MM, which is the real intention.
We expect to be sitting between $5-$12MM within a solid year of funding. Then, through innovations, new products, refinements, and potential synergistic acquisitions - work our way to the larger revenue targets.
Please don't forget, my meeting with a competing company this past week - this company is over $1.5BN in annual revenues. I thought they were 1.2-1.4BN but they corrected me. I was only off by $100MM (remember, my mistake was double our medium term revenue targets). Just to put things into focus.
Be well,
Steven Rossi
Truxmart
Woaaaahhh!
He said his meeting was with a competing company! A competing company wants to do business with us wooooooowwwzi someone give me some hard liquor.
Wow Rossi is clearly happy lol
RSI is useless in these types of moves. It'll cool off but probably another 200-300% before that happens.
Yeah thats like the bottom of the barrel, add alpha, helios, oem and we could pull serious revenues.
Ok now for the fun part :
Short term:
5M revs and assuming an OS of 160M (current OS minus 100M to be retired plus estimated 40M in potential PPs and other stuff) = .25 / share with a PE of 8
Long term:
50M revs assuming and assuming an OS of 200M (that's 80M more than current OS not including 100M to be retired) = $1/share with a PE of 4 or $2/share with a PE of 8
Yeah we're going to be targeted for buyout evantually Imo
Can hit $1 on $10M revs lololololol weeeeeeeeeeee