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Got some thanks!
Some PP funds accepted in December and probably close by April. Just my guess FWIW.
What are the names of the companies that fall under the "go" side of that question? Those which had viable products of good quality with some bit of innovation were acquired by the bigger players. If you give me some other examples then I'll research those but I did not find any on my first pass.
Not arguing the lower margin fact. However, the barriers to entry are limited. The bigger companies are afraid of a company like this one. The biggest proof for that is the way the company has evolved the product based on feedback. I believe that is what will keep this company around for a very long time.
Can't we make some pretty solid educational guesses for these?
The 36M shares were converted/exchanged for $185,000 of debt plus expenses involved with the transaction. Those numbers get you to about $0.005 to $0.007. He admitted that this was toxic and that he doesn't want to repeat that. The better news is that he does not believe this investor is planning to dump these shares into the open market in mass. Sounds like this is a partnership that wants to maintain share price. They may have sold some of that 10M but no one can blame them for that since they are investors just like us.
As far as PP. I believe we should assume that no money has come in yet. No investor would close this offer over night. A lot of DD would need to be done. He wanted this out there while he continues to follow through on his promises. The market will eventually catch up to the value here and by that time the bigger investors will jump in and we will be firing on all cylinders at that point.
Keep digging for the bones in the closet. I appreciate the other perspective.
You want facts? Here you go:
https://ycharts.com/companies/PRTS/gross_profit_margin
Average profit margin of Auto Parts Industry is about 29%. Now that includes more mature businesses with wider distribution channels that have already achieved economies of scale. FNHI is inline to achieve the same once US sales resume at intended rate.
Do the math! Company needs to break into US market so needs to price competitively. They are, if not the lowest, at least among the lowest price point right now. At 20% margin they only need $6M sales to break even ($100,000 operating expenses per month). Now once they reach that mark they achieve economies of scale and the margin probably improves to over 30%. That makes profitability even higher and/or funds the new product R&D. The game plan is sound!
Great call. Very detailed. Well done. My one concern which I brought up months ago and which He won't answer via email is why the patents are all in his name. During the call he said "we" but according to the patent he owns them 100%. FNHI has a license agreement but both sides have the right to back out of that at anytime. We need the Alpha and Helio products in the name of the company and then I'll agree with the $10M valuation. Until then I say it is worth $5M.
He doesn't even need all of the PP to get to $5M in revenues next year. I figure 1/2 is plenty to prime the inventory pump. If turnover rate on inventory is 60-90 days then that's 5x with like a 40% margin. Do the math from $500,000 to $3 million. Imagine if he does get the full amount. Plus Gunpowder is there too!
I also don't think the price needs to be over $0.035 to close the PP. The warrants are powerful if this runs. Someone might be willing to pay $0.005 for that so the price only needs to be at $0.03 to be feasible.
I think we are back in the channel. $0.02 to $0.05 will be a nice run!
Bids in boys. Let's see how many more we can get at a discount.
With the PR he said "in the coming weeks". This is not something that takes days. The 10Q builds off of the 10K and must be in synch. I'd guess 2-3 weeks for the first one and another 2-3 weeks after that. And yes, we could experience back and forths. Why would this be any different. I have heard from other CEOs that it is getting more and more difficult for small companies to keep up with these filings. Costs a lot of money to keep up accurately.
I believe Rossi is targeting end of October for 10Qs. I just don't want folks buying on the belief that it will be today. That kind of stuff is what causes people to be impatient. They will take weeks just like he said in his previous messages.
I wish someone would just slap that 200k ask to see what we really have here. Unfortunately that kind of move is a little beyond my bank.
Can we top 3 million volume today??
How much into the 1's so I can place my bid there? Just looking to borrow your crystal ball to make more money. Thanks!
I'm beginning to wonder if we need the PP this year. I mean we have $450,000 guaranteed from Gunpowder after current and on CSE which is more than enough to prime the pump of inventory. Maybe we get there and then this placement will be a big discount which will close it then.
Or it might channel back to $0.04 because the story has not changed. The PP will close shortly after that and then stop gone and $5M revenues. It can go up as fast as it went down. I should say that we will see $1 to fit in with the recent posts but I prefer to stick to the plan which the company has published for us.
I encourage anyone doing new DD on here to read through a dozen or so posts from some of our latest naysayers. I definitely saw a pattern in just a few minutes. I will never understand their purpose but so be it.
How low into the 1's? I want to lock in by bid. Thanks!
$0.044 to $0.021 in three days...ouch! What has changed? PP is not properly priced now but I am not sure he should abandon the plan. He has a month or two to get current and list on the CSE. If that doesn't take it back to $0.035 then something else is holding it back. I mean as fast as it dropped it can come back. We may have lost a long or two today, but we could find a few more tomorrow at this crazy discount. I'll buy one more block below $0.02 on the belief it is way oversold at this point.
Make this seller hit the bid. If they want out that bad then make them pay! This will recover.
So is every ask an AON? Why wouldn't I get my portion of the ask lot?
Why is the ask at $0.031 and my AON order for less is not filling???
Where is Garden Rose? I fully expected her back today with this bunch. What has changed? Nothing. Same potential and therefore same undervalued situation. I'm sticking to my $10M valuation this year and $20M next. This dilution is necessary to gain $1M cash for investing in inventory. That inventory should turnover in what, maybe 60-90 days and return 30-40% profits which equates to then $1.3-1.4 million back into more inventory. You do the math and you will quickly get to $5M in revenue. Maybe not in 2017, but highly likely in 2018. No brained here!
Come on fill my $0.031!!!
Mark this post...this is an awesome buying opportunity at $0.032. Investors moving money out to buy PP to get the free warrant. It will quickly snap back to $0.035 and run after current. Buying with confidence!
Got 21,000 at the low today. Thank you!!! I'll take a few more days like this until the STOP sign is removed.
Here is my theory FWIW...the sellers are either playing the gap. I don't believe we truly closed it so they are selling expecting to get back in around $0.034. Or these are channel players that accumulated a couple million shares at sub $0.03 and are taking their 33% profits. IMO we form a new base here at $0.04 until STOP is gone, PP is complete and the channel traders have enough free shares to wait it out. Meanwhile I'll take anything under $0.04 right now.
The STOP sign is the killer right now. Rossi will look back and wish he had worked on the timing of this a little better. Just glad to see things falling in place. I still stand by my valuation of $10M now and $20M after the $5M revenues. When this hits the mainstream without the STOP then we hit $0.08. Heck, the new solar panel technology with EV is worth the $10M. Signing an OEM deal would bypass $0.08 as well. Oh and there is always the chance of a buyout. Way too much kindling in the fireplace to not catch soon.
If it stays at $0.036 then I know 2 or 3 people that will be loading up. We didn't think it would stay. I sure hope you are right. Anything still in the 3's is a gift. Looking at 50% profit in a few weeks IMO. I'm looking for more than that but I know some flippers that are interested.
Any speculations on the open price tomorrow? I'll say $0.045.
What can we do to get through all of the options and warrants at $0.03? I assume many are punching profits out at $0.04 but must not be worth the effort at $0.033. Anyone know if the holders of the options or warrants are restricted in any way from selling/executing? One sustained run to $0.05 would probably get us past the $0.03 ones. But then the problem in the 44M of $0.04-0.07 warrants.
I am interested in owning a piece of this company but I'm afraid we may have to wait 5 years to clear these warrants before any sustainable run. I can't afford dead money for that long. Keeping a watch on 10Q/K for reduced warrant numbers. Or maybe they would sell me $10k of those!!!
I still believe that this company will be valued at $10-20M as soon as we hit $5M in sales. So many other OTC stocks valued over $20M which are losing millions every quarter with no product to sell. We have patent protected productS with deals already in place for mass production and distribution. We should hit $1M in the first full quarter of US sales. All you need to do is read some of the customer reviews from the old TruXmart sales to know that we have a winning product. So excited here!!
Thoughts on the 9/18 issued 8K?
Wait, a pennystock CEO needed to sell shares to fund operations? Hold the phone! This is not news to me. Since he stopped US sales during the litigation something needed to be done to keep the lights on. So this explains who our seller has been. Rossi didn't lie to anyone, he just left out some insider info in order to protect his investor and not open to lawsuit there. Debt investors come before common stock shareholders. The one thing that I read differently from Rossi's letter is that this is a partnership with this investor. We are working together to maintain share price
This is moving as expected. Slow and steady. 10K got us to 4, 10Qs get us to 5, CSE listing gets us to 6, share retirement gets us to 8, PP gets us to 10, $5M revenue gets us to 12. And that is just the first chapter of this novel. I think those are conservative estimates as well, but just my guess. Retirement could move it more than 30% but you have to believe that a little of that is already baked into the price at that point.
Can we do another million shares today???
How does one estimate the value of this company? I don't think they own any patents. I can't make any sense out of each marketing agreement, licensing agreement, distribution agreement, whatever you want to label it. All I can see is a nice array of products offered for sale on the companies websites which probably have very limited traffic (most of which are probably investors doing research). The opportunity in the cannabis storage is interesting as well as the environmentally friendly printer paper which is competitively priced plus the stix concept is great, but who makes money if these products take off????
Love the volume. This fat lady is tuning her voice. Ain't it beautiful? Bring the Q's please.
Can anyone post the patent numbers for folks to research? I'd like to dig into those to try and assess a value. I think they are held by Rossi though and not FNHI (at least didn't see that asset). Either way it would be good to understand our advantage over the competition from these.