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Furthermore the company and the CEO has shutdown any accusations they are selling stock. Any further accusations should be deemed SUSPICIOUS and potentially libelous given the company has denied such statements as being completely false.
The evidence is clear that retail are trying to play the channel.
So it looks like we are getting really close to the Audited financials, by law to perform a 506 private placement offering you need to disclose your financials. That includes the last two Qs.
Rossi knows this and is hammering to get it done so we can move forward.
The gunpowder funds will be released after the CSE uplist - he's trying to get funded now because apparently he sees a potential client or clients.
Short term target rev of 5M can be achieved hoping by 2018.
Morning guys FNHI
Yes what you were pointing out more closely resembles an earnings per share, but then that gets multiplied by a ratio...determined by industry and many other factors.
So if a company had 100M OS and they made 100M revenues, their earnings per share would be $1/share, then you multiply that by the PE for basic valuation. A ratio of 10 means the stock would be around $10 etc
Google's PE ratio is about 32 , meaning the market is paying 32 times the actual earnings per each Google share.
That's not correct , read about what a PE multiple or PE ratio is. (Public companies don't trade at their revenue amount)
So if revenues are 5 Million with a PE of just 5 , market cap should be atleast 25M
I've seen shit stocks go to 30m market cap on bogus hype.
The problem real companies face on the OTC is that real progress takes time. This bodes well for higher tiers but OTC traders don't have the vision nor the discipline.
It takes time to reach our short term target of 5M revenues but the reward will be well worth it. It seems to me Rossi is doing everything he can to increase shareholder value.
Long term target of 50Million revenues.
It hasn't happened yet which is why you and I can buy here, but if it does, we win BIG.
One decent contract and we run to .25 imo. For many that would be a life changing return. Well worth the patience.
Yup the Audit is coming out any day now. He said the gunpowder funds are in a few months, but he has an opportunity now , a PP would be able to fulfill that role.
Going to be fun holding this stock imo
CEO TWEETS TONIGHT:
"Float is just over 100MM as of today. No certificate activity in June or July. So not one new share has hit the market since Q1."
"Issued and outstanding is the same since early this year. Not one new share has been issued."
"We have a busy month for filings and another monumental meeting August 4th."
Reply: "Boy... company with 1.4BN revenues big."
"Final tweet (most important). Only missing ingredient for us is Capital. I'm going to release details of private placement offering."
"Spread the word. Details soon. All welcome to invest as long as you are "accredited". Offering is for limited amount and limited time."
"I know the meeting is important. But I ask all to keep the offering in mind as this last Capital is what will get us to 5MM then 50MM."
Yes sir pivot point here imo. If we achieve 5M revenues this will be minimum .25 , with a goal of 50M evantually . Markets are forward looking.
FNHI shareholders if tonight's CEO tweet don't strengthen your kung fu grip on your shares you deserve to lose em!
Huge developments!!
We're meeting with company that's pulling in 1.4B in August. Kaboooooom!
We're gonna kill it here
Wow everyone see new Ceo tweets
Rossi already told me the float hasn't changed. The company issued zero shares and sold zero shares.
This was the assholes that cant see a few inches beyond their beer belly milking the channel. Soon they'll lose their shares.
We got this.
Indeed. I'm glad we have a solid group here that understands where FNHI is headed. We will be rewarded soon my friends.
Likewise. Smart money is loading here.
Transfer of wealth happening here, many here will walk away filthy rich imo.
Simple buy and hold. The buyers here will overcome the sellers, way too many positives about to take shape.
Anything below a dime is cheap.
You all will see soon.
Nothing spectacular on the trading and we are #7 on Ihub , wait till the filings hit. This will be the number #1 talked about stock for a long time.
Hello sir thank you for the response, the company in question is FNHI , the news was marketwired yesterday After hours.
Much thanks!
I will continue to buy and watch my money grow. Sick of this piss poor mentality. Some folks sold top of the channel. It happens. No big deal.
5xM shares were retired weeks ago Green
The CEO has not deposited his shares to sell nor has he issued any stock. PERIOD.
The Doc isn't happy about the trading, but there's a person on twitter saying they sold 20k worth because he didn't think the stock would hold gains. This is all retail with the same mentality.
No that's just a mistake on the part of OTC markets.
The OS will be approx 123M after Rossi retires his 100M
The filings will be out and everything will be clear. I will not be afraid to hit the ask in the mean time.
Trust who you think you should trust. I've dealt with my fair share of fucked up CEO s , Rossi isn't one of them.
GL
Doc I'm not going to keep bothering Rossi about this, he has responded that the company had nothing to do with today's trading. None.zero.
He has a business to grow.
Doc I never mislead my friends, rest assured the float has not changed. If you want me to explain pm me.
Yes sir , we're locking her up quickly.
You all can PM if you want to be assured about any potential selling that some are claiming here.
So Doc you're basically saying he's lying on twitter when he said he didn't sale a share? That's too much Imo
He sold zero stock, stop the accusations.
Rossi just went public and denied they sold any shares, he also stated to check the float with the TA.
If the float did not change, then they sold Zero.
I trust what Rossi just said.
For those who follow me - I sold ZERO shares today but added 100k - that last trade was mine.
I told you guys - now there is a twitter poster who just told Rossi he sold some because he thought without filings the gains wouldn't hold.
this was all retail, and good riddance.
Im slapping that ask
Steven Rossi? @thehonest_ceo 2m2 minutes ago
Replying to @wogengaini
Absolutely not. Have not sold a share. News is only as it becomes material. Confirm with our TA, that'll prove yet again that I'm honest.
Well Rossi just tweeted - Doc this proves he's always been honest with this. Again , this is all retail.