Great response from Rossi.
FNHI on the cusp of some pretty great things it seems. A tremendous amount of work on the table that will get completed by all accounts in the next few weeks. If he hits his marks, then we should see a pretty amazing string of events unfold.
Him creating Pref A series in lieu of holding 112M common is an astounding act of faith and good will on his part. I was looking for 50M, and he gave twice that. Amazing really. This will help the valuation of his company for a couple years moving forward IMO. We directly benefit from this action, not him, other than I truly believe he is managing his capital structure more efficiently with the move.
He's absolutely right about "big shareholders" in FNHI. Most, if not all of the big account players here have averages most likely sub 01 for much of their holdings. Kinda hard to sit on 700 - 1000 percent gains for very long without turning some over eh!! The timing stinks and makes no sense during the last two attempted breakouts. But, as I stated before, the sell on the news crowd in FNHI doesn't really have any other opportunity currently to dump bigger blocks. There simply hasn't been enough volume.
With the string of events in the very short term I would expect large chunks to be traded as volume increases significantly and the PPS churns north in a substantial way.
Still looking for this issue to bounce to the 20 - 30 range by the end of summer if he hits all of his marks.
Like the man said quite clearly and very loudly, "If you don't trust the CEO to execute, then sell your stock and move it along."
I'm holding and adding as time passes. Seems like he's very very close now....
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