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Posted On: 04/06/2017 11:41:54 AM
Post# of 549
Analyze this:
CEO e-mail from february:
We will be looking to keep all shareholders up to date as matters progress with FNHI as well as the wholly owed subsidiary, Truxmart.
· There are no further increases of authorized shares planned. There are enough shares.
· We will not take any future convertible notes and will look for private placements or institutional funding
· Gun Powder will loan, at a rate of 18% per year (which is palatable for us with our Gross Profit Margin); up to $500,000. Based on the foreseeable increase of revenues, we will piggy back a equity raise at favorable rates for our future and final growth and development of our future key products.
Truxmart is progressing rather nicely in both the US and Canadian markets – we are constantly filling and receiving orders, so there is a strong appetite for our product lines.
As announced previously, we are working with GunPowder capital to list our OTC stock in Canada on the Canadian Stock Exchange (CSE) – from there we will be looking to raise capital to drive 2017/18 revenues towards our projections of between $5,000,000 to $10,000,000 – which we feel strongly as a very realistic target.
Warmest regards,
Steven Rossi
Truxmart
CEO e-mail from february:
We will be looking to keep all shareholders up to date as matters progress with FNHI as well as the wholly owed subsidiary, Truxmart.
· There are no further increases of authorized shares planned. There are enough shares.
· We will not take any future convertible notes and will look for private placements or institutional funding
· Gun Powder will loan, at a rate of 18% per year (which is palatable for us with our Gross Profit Margin); up to $500,000. Based on the foreseeable increase of revenues, we will piggy back a equity raise at favorable rates for our future and final growth and development of our future key products.
Truxmart is progressing rather nicely in both the US and Canadian markets – we are constantly filling and receiving orders, so there is a strong appetite for our product lines.
As announced previously, we are working with GunPowder capital to list our OTC stock in Canada on the Canadian Stock Exchange (CSE) – from there we will be looking to raise capital to drive 2017/18 revenues towards our projections of between $5,000,000 to $10,000,000 – which we feel strongly as a very realistic target.
Warmest regards,
Steven Rossi
Truxmart
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