Major stock holders...are creeping up towards 40% now. With my shares I think we are really close to those 40% numbers.
That will continue to help the share price as weak hands leave for whatever reason.
As I have talked about many times the Venture exchange is an abject disaster for so many companies. Many times no matter what the company does or how they perform, their stock gets creamed because they are on a horrific exchange with penny flippers. Doing financings in Canada would be the worst possible outcome with Snipp. Horrible examples of those disasters are everywhere and Snipp should pay attention to that.
IMO of course...Aside from a takeover offer...If Snipp can focus on growing revenues, staying net income positive and planning to move to the Nasdaq at some point, they will be in perfect shape because the value of profits will never move too far off an actual valuation. If they are going to choose raising money at some point, I hope they realize that their only option should be in the U.S.. They will have a much better valuation and the opportunities to raise money in the U.S. as a tech company especially with institutional investors will be tremendous. I believe Brian coming on board is going to mean all the difference when they get to that point if they so choose.
Again...Financing risk especially in Canada is the worst with numerous examples of abject failures. The examples are everywhere and with disastrous outcomes. Getting off this disastrous exchange at some point should be their first goal. Atul and company have done an amazing job building the company and becoming profitable. Don't screw that up just to do something. They have so many things going for them that wasting anymore time on this garbage exchange for any reason will only make things worse for them.