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Posted On: 04/26/2017 8:49:42 AM
Post# of 549
Real CEO here - Just a reminder of 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
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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