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The thing that causes me concern is that we prolly talk to these sssickooos every day and treat them with respect
It is a shame that some of our investors are causing so much friction with Rossi...it hurts us all....accusations and threats...there is no need for this bullshit ...there are some ssick people in bed with us...they prolly are invested over their heads with money that they can't afford to loose...they are making it difficult for Rossi to do his job
anything new from Rossi
the CFO is not from Gunpowder....Paul Haber is the chairman of the board of directors and is ex CFO from Gunpowder
As a first development, Truxmart has appointed Michael Johnston as Interim CFO. Mr. Johnston CA, CPA, a graduate of the University of Western Ontario, is a partner at Toronto's Forbes Andersen LLP, Chartered Professional Accountants, and offers over 12 years of experience with both private and public companies.
"Michael Johnston is the second high quality director to join our board recently," commented Steve Rossi, Truxmart president. "We previously announced the addition of Paul Haber, CA, the CFO of Gunpowder Capital, and now Michael Johnston will provide his expertise to us as well. These two appointments reflect Truxmart's need for expert advice as it enters global markets with its innovative tonneau covers."
ya know that the most dangerous part of the road is the shoulder or guard rail....it may be safer to park in middle of road
there should not be another round....Rossi has answered all comments and auditor should not come up with another new batch of requests
Thanks for the update....this should be the last go-around and the auditors should nor have any more comment requests as they should have made all of them in this go-around.it should be send back to Rossi for his filing...but of course...SHIT HAPPENS to Rossi all the time
The document may not have to go back to the auditor if the comment Corrections by Rossi are simple perhaps just a phone call will get the Auditors approval and that he can file
Please use names instead of "THEYs"....hard to tell who is on first and second base
I take it that Rossi must fix,,,will it have to go back to auditor or can he fix and file
couple of comments so it needs to be fixed,
They are future bid sitters
protecting profits, but loosing leverage up the gazzooo
SOMEDAY is Imminent....will someday be this week...???
Domino'se bisco I can beat anybody at a game of dominoes
I stick with someday
Status for filing with Edgar is now someday
he may want to spend a day at rest to catch up from his holiday
If Rossi is silent..he does not have to dodge as many bullets and spend more time doing his work
That's the best news that I've heard today keep up the good work
You might want to consider switching to the bud that comes in a bottle
From the fire you can't change horses in the middle of the Stream it would be a catastrophic event for sure it would be a death blow... Guess what the new accounting service would have to work with the one that was fired how wonderful will that be in the middle of the Stream and beside that it would probably run up some really red flags to the SEC
The accountant CFO Michael Johnson is not connected with gunpowder
Read post number 7392 it gives a lot of information about the CFO
Michael Johnson is the interim CFO he is not from gunpowder. Paul Haber is the current chairman of the board and he was the CFO at gunpowder that is where the confusion is for you close but no cigar
Some are out of MEDS or BUDs or snort stuff...or cooked stuff
The CFO is the accountant and has not been on the same page as Rossdi since day one...he is killing Rossi...one day at a time..holiday bullshitski
yes...PP funding BUCKS
THAT CONFUSES ME...HE TOLD ME THAT HE WAS GONNA DO PP FOR 1M ASAP AFTER 10K
Rossi's latest emails...YA CAN'T MAKE THAT STUFF UP
Yes I think so this is the week because in my opinion we are out of weeks
On Monday mornings Edgar does not do much before 10 a.m. The rest of the days of the week he can give you the information you're looking for at the open any information about the ten k prior to Edgar will only come from Rossi with one of his tweets I doubt seriously if he will inform a poster before the tweet
Any idea what's for breakfast in the morning
done
done
Email from Mr Rossi post copied from DOZERMAN
Michael
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
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
8K is for significant company events
OMG...HOME RUN
Right now they are looking for funding primarely for Alpha development as well as for inventory
Mark Twain quote....
" its ok to put all your eggs in one basket,but you must watch the basket very closely"
the 10K closes the books on 2016. Anything happening in 2017 Q1 has no effect on 2016 filing...