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CC QUESTIONS FOR TONIGHT :
Heres the list so you can follow along:
Why you haven't filed the Qs yet.
Plus what is the time line as to when we get the STOP sign removed.
When will the quarterlies be filed to bring $FNHI current?
What is the current p.o. backlog, and burn rate?
What gross margins do you anticipate once you are operating at a modest scale?
Truxmart website remains down. why?
How have sales been going? Any large po's?
What are inventory levels at?
Can you speak about the transition to worksport?
Are the qs currently being worked on and are their any delays associated with them?
Once we are current do you plan on uplisting to qb immediately?
Is cse still on the table and is gunpowder going to be involved with this aspect still?
Have any subsequent patents been granted since last filing?
Can you speak about the pp and how it is an attractive deal for shareholders?
What US marketing / shipping/ and product distribution plan is currently in place or underway for NEW product roll out for US based sales?
Do you currently have any US based purchase orders your waiting for NEW product and PP funds to fill?
Have you locked down all rights to Worksport name? Is new product waiting in production until its confirmed?
215G / DE corp is very confusing. So much speculation regarding this move. Please good or bad please explain why you chose this route and how exactly this benefits the company and future operations.
Rumored that you can hold off issuing some of those 25 converts. How long could you do this? Can you talk at all about the financer. Or VC or whatever they are. You seem to think you have a good relationship with them. Why do you believe they may invest in more then just previous offering from Feb.
You are clearly currently selling product in CA and you stated sales are good. So you do in fact have some cash on hand now do you not? If sales have been good and your operating costs are down you should be cash positive?
Red pill or blue?
As it concerns the Alpha Helios - Once completed - how do you anticipate success and marketability? Has the company been approached by other parties about this technology for a JV or otherwise?
What if the PP doesn’t work out, will you still move to OTCQB before end October by filling Q1,Q2 and Q3 and do you still have the funds for this to do it?
If you move to OTCQB , will you stil make sure that the dual listing on the CSE will happen so that the 450K from Gunpowder will be available? I ask this so basically share holders know for a fact that what ever happens there will be money available on the short term which means the revenue will keep coming in. Do you have the funds available to get there and if not any plans of getting them?
What do you expect the revenue to be in 12 months with the 450K from gunpowder in case PP is not successful?
Are you worried that you will not have enough funds with the PP OR the Gunpowder deal to move the business forward? With other words are you worried that you run out of money and have to close the business because of that?
Is the Delaware move all ready now because some documents said still Nevada?
Will the name Truxmart disappear and will the Tonneau covers be only Worksport brand in the (near) future?
What are you doing at this moment to get new dealers or are the current dealers asking for so much inventory that you need to grow the inventory first before you can find and focus on new dealers for the covers?
Do you still have the meeting planned in October with the 1,5Billion dollar company in Las Vegas and what do you hope to get out of it? Do you think you get a deal out of this for big yearly purchases or was there an other reason for the last and coming meeting?
How are customers reacting on the covers? I have read some reviews online but perhaps you get more feedback. Any useful feedback to improve the covers and if so are you working on this already?
What are the plans for the Helios Cover and do you have companies that showed interest in this already, or even better do you have deals already waiting?
In case you need to work with Gunpowder funding only will this still allow you to finish the Helios cover so you can start selling it? If yes, in which quarter do you expect this to be possible?
What is the status of the operations in the USA and in Latin America?
Are you expending the team on the work floor to increase the operating hours a day? If not any plans soon or are you waiting for inventory to grow before the rest of the company can grow including the team for daily operations?
Is there anything that the shareholders can do (if they feel like it, as some maybe just want to wait and see) to support in the process to make FNHI a success?
1. How many shares are in the float as of today?
At what price were the 10.4 shares issued?
What was the name of the company that bought the $185,000 debt
how is the PP going
Have you had any interest in the private placement yet?
How do you intend to raise money if the private placement fails to attract investors? Will you have to turn to more less favorable funding.
Can you give an update on the CSE listing and where you stand and how close you are to this. Are there any toad blocks? Can you give an estimate on when we see the Qs.
$FNHI
CC in the future. FNHI is most undervalued stock in the OTC.
We will not be stopped - 50M revs or bust.
Good morning
I fully stand by Rossi.
I totally understand, emotions are high. I added today and will bid if anymore stupid decide to sell.
Ummm probably because this has never been in question?? This is a real business that sells multiple products. This is not news, well perhaps for most.
They get regular shipments.
This isn't your typical pos.
I pity the retail fool who sold today and will continue to. Transfer of wealth taking place here, and longs will be laughing their ass soon.
More nonsense. Rossi is just trying to get funded to meet demand, thats all.
New CEO filing shows he retired 100m and has 15m left.
Try buying 200k dollars worth of commons here and again see my other post - buying PP directly GUARANTEES your shares will be valauable. Whereas BUYING COMMONS HERE DOES NOTHING TO HELP THE COMPANY, AND YOU GUARANTEE NOTHING.
Nothing has changed fundamentally. The company is just fine. We'll have to play hardball BECAUSE we are not a pump and dump. Sadly the OTC is a brutal SOB and doesn't reward the CEO or the company that has real fundamentals.
In any case , we'll be fine , I added 200k today. The PP is still viable for anyone who wants the company to Succeed. Thats key, I could buy the float at 02 and that wouldn't help the company one bit right. So there is a difference between buying commons and directly investing.
Lets not be selfish. We want the company to succeed.
We all need to support the CEO. The PP is a great deal for any investor! We are in good hands with Rossi here, he is by far the most well inentioned CEO on the OTC.
Rossi has done a tremendous job despite all the odds. Anyone complaining has little to no business experience. This guy works day and night to avoid dilution.
Now I'll be clear so that YOU ALL UNDERSTAND. ROSSI IS UNDER NO LEGAL OBLIGATION NOT TO PISS ON EVERYONE AND DILUTE THIS DOWN TO .0001 FOR 3-5M dollars, and turn that into 50M in revenues. And be happy after issuing himself a huge bonus.
But he REFUSES to do that.
That's the reality. No matter what, Rossi is a rare breed amongst OTC CEOs.
Easy to say when you're sitting infront of a trading monitor. He's running a business and he needs the money today.
I agree once funded this will be the atrongest otc Stock with no debt.
Actually the PP has been planned since 2016 , the CEO never said no dilution. You're just making things up.
PP means money for shares. Check out investopedia if you're confused.
Any PP is dilution thats why it's a public company. Big board companies dilute all the time. It's the Normal thing to do not the abnormal.
If it achieves 5m revs I'd say even 75m PP is a good deal! Let alone 35M ! Clearly some want a flip, i want the whole thing.
Lmao troll I stpped reading when you said "sounds like more dilution"
I AGREE Private placement is required inorder for future success of the company. It's not physics. It's to shareholders benefits. This is a great deal.
Or do you guys prefer toxic dilution at 005?
035 is a very nice price point.
Great news this AM. The investors would be barely in the money, and also people are missing the bigger picture - once funded this company will go towards 50M in revenues within 5 years!
We know Rossi can sell products, he's done it before without many dollars and quite well too.
Tons of innovation. I'm very happy with this news!
Great Job Steven!
I agree
Probably Q1 2018 , maybe Jan or Feb.
Yes nice number of shares churned here. $FNHI solid as they come.
Going to blow that 6 month trendline
This could go ballistic if 046-047 area falls
CEO TWEET JUST NOW :
Private Placement set to launch today/tomm Stay tuned. Will close quick. Exclusive. Once in a lifetime op
$FNHI
Gapping premarket $FNHI
FNHI After hours major news:
TORONTO, ON--(Marketwired - September 22, 2017) - Steven Rossi, CEO of Franchise Holdings International, Inc., the parent company of Truxmart LTD Inc., (OTC PINK: FNHI), an innovative manufacturer of high quality, functional, and aggressively priced tonneau covers for the light truck market, has retired 100,000,000 FNHI common shares, reducing the issued and outstanding shares by approximately 45 percent, from 222,000,000 to 122,000,000 shares. The OTC Markets site should be updated to reflect the new share structure within one week following this announcement.
Rossi characterized this move as "a major step forward." It should further assist FNHI's ambitious growth plan and add to its quest to create a sound and debt-free balance sheet. This action comes while management works diligently to file its Form 10-Qs for the first two quarters of 2017. The company expects to be current within the coming weeks.
"We seek to bring our shareholders the best value possible, while maintaining an enviable share structure," commented Rossi. "This important move, reducing the issued and outstanding shares, further poises the company for growth and expansion, with a stronger capital base."
The company also expects to announce details of a private placement offering in the near future. To register in advance of the private placement offering, please visit www.investfnhi.com.
About Franchise Holdings International.
Truxmart, Franchise Holdings International's wholly owned subsidiary, was founded in 2011 to take advantage of the limited innovation provided by existing tonneau cover manufacturers. Tonneau covers have remained much the same in price and design since 2005 with one main company controlling a majority of the tonneau cover market. This dynamic market segment is in need of a new innovative manufacturer of high quality, functional, and aggressively priced tonneau covers. Truxmart has developed multiple products for all of the most prominent pick up trucks available in North America. Details of most products can be found at www.Truxmartcovers.com. Truxmart sells its products through master warehouse distributors, dealers, and online retailers in Canada and the U.S.
Forward-Looking Statements
This document may contain forward-looking statements, relating to Franchise Holdings International Inc. operations or to the environment in which it operates, which are based on Franchise Holdings International Inc. operations, estimates, forecasts and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict, and/or are beyond Franchise Holdings Internationals Inc. control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Consequently, readers should not place any undue reliance on such forward-looking statements. Franchise Holdings International Inc. disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
$FNHI - best OTC investment about to see a wild move, and a final breakout out of this 6 month channel.
He's a sharp guy I'm sure he'll buy a few lol
Well well look who it is lol how are you young man?
Thats a beautiful chart just amazing!
Welcome Pete, It is rare an OTC CEO retires 45% of the OS, which was already small. We have great products, with plans to add more to our line. The CEO truly cares about shareholders.
Many millionaires will be made here in my humble opinion.
$FNHI congrats everyone! Rossi is a man of his word!
Strong buy $FNHI did you see that 700k bid today? 20k dollars on the bid. People know what they're buying.
Yes bigger picture if Rossi can hit 5M sales, then 10M, then 15M - our shares will be worth $'s . Now whether someone pays market for them or we get paid off market by truck hero....idc honestly.
In it to win it.
Dilution happend back in early 2017. They issued them approx 10M back when stock was depressed by the notes. The filings make that clear. The remaining 25M are on a strict schedule and unlikely to effect the stock for a long time to come. So no FNHI is not currently diluting.
$FNHI
Open letter from the desk of Steven F. Rossi:
In 2014 with we “went public” through my reverse merger in with FNHI we have only received a little over $300,000 USD of funding. Operating a fully reporting, voluntary filing, public company and underlying operating subsidiary for over 40 months with $300,000 of fresh capital spaced sporadically over that period is nothing short of a feat. I maintain that even the most seasoned CEO’s would have struggled to the same. All the while; no toxic funding (outside of two notes), and maintenance of a enviable “cap structure”, and developing four new products, attending multiple trade shows, and filing product patents. Needless to say, pennies have been stretched.
In early 2016 we were faced with a set of complaints in the Michigan state of courts. This matter did not result in any legal actions, claims, suits…etc. It was resolved directly by me, with my own personal accrued IP knowledge. Again, a feat many would not be as successful in achieving.
As a result of the above complaint we had to make some changes to our products, which resulted in delays in new products entering 2017. By 2017, we had accrued some debt that needed to be paid all the while our revenues had decreased (as noted in the recently released 10K report) as a result of settlement agreement reached with Truck Hero and their subsidiary companies.
To elaborate more: resolving a complaint filed by the largest, longest standing, and most aggressive competitor in our market (globally) with little less cost than a few thousand dollars and a short period of time where revenues declined is also a feat I am extremely proud of. I regard that outcome as a massive success for our company and credence for the bright future ahead, for us. Why? These types of events are generally referred to as “catastrophic events”. The mandate is perceived as an attempt to “eliminate the competition”. I am not going on record indicating that those at Truck Hero had that intention, but I am saying that the general belief among patent firms and attorneys is that when filing multiple complaints relating to every product and even the companies operating name is something that only the most nimble can overcome. However, ONCE OVERCOME – watch out! We now have a “hall pass” where we are skilled, knowledgeable, and allowed (without breaching the terms of the agreement) to regard the worlds largest market our PLAYGROUND, with which we can seek its every bounty. Tens-to-hundreds of million of dollars in revenue possibilities – ours with no fear of later being obliterated with much more “meat on the bone”. Also, if we spark the attention of the biggest and most enviable – what should that convey? We are a force to be reckoned with! We are a threat. We are different and we can make it. We will make it.
Now, back to it. Regardless, after the above noted success, we found ourselves short of cash as a result of the decrease in revenues. Come the new year, we had bills to pay and little available cash to pay them. What options did we have? We spent much of our public lives illiquid, unnoticed, and inactive in the markets. It was only after the convertible notes traded out in late January, February, and March 2017, that most people reading this even came to know about us. Prior to that, the only support we had was that of our founding investors who also happen to be those who never question a single move I make. Those that put real money into the coffers of the company are those who have the most blind trust in me. So, with no cash and bills to pay – we needed to figure things out!
Now, the notes that we took in 2016 that traded early 2017 totalled about $120,000USD of cash in the company. They also traded out for well over 55,000,000 shares of FNHI. So we were looking for a more effective way to pay the bills with investment dollars that was not a “derivative liability” (toxic, convertible…etc). At that time we traded between $0.005 and $0.02.
Enter our present investor. This company has been around for decades and is known to be honest, ethical, and helpful. However, we approached with extreme caution. The terms of the engagement were negotiated during January, Feburary and early March for a respectable rate AT THAT TIME – we had no crystal ball at that time. I believed we would persevere, but I did not know what the market valuate our company later into 2017 or 2018. So at that time, we came to an agreement to settle $185,000 in debt for 35,000,000 shares via a 3(a)(10) hearing. Keep in mind that the costs for such a product can exceed $35,000 – we did not pay for any of it, the investors did. Their total out of pocket expenses would be well over $210,000 USD. Also, keep in mind that short-term gains taxes can be as high as 40% - that is real money that needs to be allocated for. For every $1 made, the federal government will want up to $0.40. So, at that time we priced in taxes and our price per share that was guaranteed to be a solid “floor” for the company to mitigate any risk of the investor. That price was deemed at around $0.015 per share. That is about $500,000 that allows for the debt to be paid, taxes, and profit for the investment fund. At that time, again, it seemed reasonable with no other options on the table outside of MORE CONVERTIBLE DEBT. So, given three choices: Default and litigation, convertible, or a fixed share amount – I selected, what I believed to be, the best option available to us – having just traded sub-penny.
Now, since then this investment group has been outstanding. The have advised us, guided us, assisted us, and sold very few of the shares they were issued. Outside of recouping the $185,000 spent, they will be part of FNHI (as a shareholder and investor) for years to come – that much I believe. They have sold very few shares and are committed to assiting us in growth and reaching our operational milestones.
I end in noting the facts:
Presently we have 220,000,000 shares issued and outstanding, inclusive of the 10.4MM shares they have already taken.
They can take 24.6MM more shares which brings the ceiling limit to 246,000,000 I/O shares.
With my retirement of 100,000,000 shares this would bring it down to 146,000,000 shares.
To fund the company would take, about, 20,000,000 shares – we hope.
Therefore here are the facts:
We were 210,000,000 shares in debt and nearing default
We are 220,000,000 shares with little debt and growing
We will be 170,000,000 shares with no debt and growing with expectation of 900% increase in YOY revenues, funded – without reverse split of our stock
To my shareholders, the reasonable ones, the supportive ones, and the savvy ones, I ask –
Where have I been dishonest? Where has another company been able to manage the above?
Everything I have done has been to bring shareholder value and to grow this business with integrity, honesty, and ethics. Along the line, some will understand, some will not. There are spots next to be, shoulder to shoulder growing this business with our shareholders and investors. To those who wish to nay-say, bash, or complain – the only spot for you is behind us. We’ll do amazing things but only with positivity, ethics, and open mindedness. You cant “boil the oceans water in one day” – we’ll get there. There will be peaks, there will also be valleys, but we need to keep our eye on target.
Thank you,
Steven Rossi
Truxmart