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Thank you sir for all you have taught me in the short time we have had together. I truly have learned from your wisdom and perseverance through this trying time waiting for the 10k. Your positive attitude and drive has been an inspiration to us all.
Small battle..winning the war will smell like freshly minted Benjamins.
Huh well I guess retiring 100 million shares means he's up to no good...somehow.
What's even weirder is to attack that CEO for being a man of his word.
Its such a great feeling to have faith in Somone and have that faith confirmed.pl
Has any one contacted OTC market and asked why the stop sign is still up.
Picked up 7600 last two daysp
"Tossi"? The t is next to the r..lol any ideas on the stop sign sir?
Say hello to fifi,fluffy,flufball , snookums,blacky,powderpuff,heathcliff,Garfield and all your other furry friends for me. 10 million is not dilution. That's called keeping the lights on.
What's your point....sounds like a smart Buissnes move. Thanks for some of your shares today.
Never mind the fact 100 million are going away. 10 million is not dilution. Look around a little. Do you have 20 cats and talk to yourself?
Somebody told me little green men live on the moon....not on ihub though
Yesterday the market took its protection money lol those that can should show bid support....in the next hour to a week we have the possibility of seeing Something historical. When observed please scream it out to every chat Room possible, tell it on the streets,at lunch with friends ...anywhere. A CEO named Steven Rossi retired 100,000,000 million shares valued at 4 million dollar $FNHI$
Whoever just sold just got a few dimes for a brick of gold.....retards
FNHI...Its a Ford 7.3 best engine ever made....Dammn you ford for not keeping it.
There's a news alert at the top of the board
Please keep your hands head legs and any other body parts inside, while this ride is in motion. If you experience motion sickness, vomiting or even heart attack please stick your head between your legs and kiss your a$$ goodbye cause this ride is not stopping anytime soon. $fnhi$
This was and will be worth the wait. Now its time to sit back and enjoy this ride because the end is a pot of gold. A year from now many smart investors will be loaded. Hang to your shares if you can. This is headed north of dollar 12-14 months from now imo.
$FNHI$ GAPPED UP!
$FNHI$
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. $FNHI$
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.
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$FNHI$ 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
FNHI 10K IS OUT AND CEO IS RETIRING 100,000,000 within weeks the promises made by this honest CEO is coming to fruition and moves on a babies fart. Get your tickets before they are gone. FNHI
FNHI 10K IS OUT AND CEO IS RETIRING 100,000,000 within a week, the promises made by this honest CEO is coming to fruition and moves on a babies fart. Get your tickets before they are gone. FNHI
I transferred some money last week to scottrade and the first thing my wife said to me as I walked in was "scottrade , really? We have bills to pay". Yeesh I wasn't home 5 min. Now that money won't clear till thur and the k is out...oh well I'm just happy its out.
Agreed. I think we are looking at under 55 million shares left in the float. How does that affect volatility? Or does it?
I kinda hope it jumps up to .10 and then begins a nice even climb its a silly reason but after looking at my account in the red for so long,I want to see a large green number whenever I look at FNHI. Lol
Looks like it. Check his tweets retiring his shares is on its way as well. Love this guy.
Rock and roll.
Does your wife know about the 30000? Hmm?
Tommorow I dance
Lets hope smart money buys in , I'm almost positive there is 55 or less, million shares available in the float.
Mr Rossi thank you for proving all of us believers right.
Just got off work .05 tommorow...?
Haaahaaaaaa fuk yaaaaaa! Who's ready to get rich!!!???
I'd say truxedo was never the issue. I know for a fact truxedo was never the issue. Know why....I called and talked to Steve Kelley at truxedo....he actually chuckled at my question. Get over it.
Buying stocks which piles of cash on their balance sheets and trading below market value is like buying money at a discount. Smart investors and fund managers look for opportunities to do this all day long. In today's challenging market small caps have been beaten up so badly that we're seeing some of the best valuations we've seen in decades
...and an unprecedented opportunity to make a killing. $fnhi$
Do not despair the k is here....kind of....klose. FNHI is about to be so squeaky clean it will make the Mr Clean guy look like Martin Shkreli. Will not need and does NOT need toxic funding.
MR Rossi has a excellent track record regarding companies started and still has a profitable buisness operating as we speak.(sold of course)
The learning curve for this entrapanuer has been epic but he's on the inside curve pulling 3 gs and slapping higher gears as we speak. We Will soon feel the effects.
I am a very minor shareholder yet this guy has answered emails at 4:13 in the morning to me. Simply put Honest excited CEO!
Like I said last week this house cleaning audit will make it all happen patience will pay you money. $fnhi$
This is the week thurs Fri I hope.
Show me some green!