Actually you have made a very astute and well thought out comments about fnhi. My only suggestion is that you don't expect too much from the 3 quarterly reports as they probably will show weak sales do to lack of cash and will show whatever changes were made do to reorganization of company from nevada to Delaware. Plus whatever changes were made in regards to financing. Thus there probably won't be any significant good news.
The real opportunity here is the tremendous sales potential which should result in large profits because of good margins and low overhead.
Also, because of the low float, if one waits too long and the stock starts to move it will be hard to aquire a fair amount of shares at a reasonable price.
However that being said if you require the extra safety then by all means wait as long as you need to, to reach your comfort level.
Again a nice post by you.