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Snipp Interactive Inc V.SPN

Alternate Symbol(s):  SNIPF

Snipp Interactive Inc. is a Canada-based Platform-as-a-Service company. The Company's modular SnippCARE (Customer Acquisition, Retention & Engagement) Platform allows its marquee list of clients and agencies and partners to use various modules of the Platform to run long-term and short-term programs and promotions, while continually generating and capturing zero party data that provides insights to drive sales. The Platform's Receipt Processing Module, SnippCHECK, provides receipt-based promotions in North America. The Platform's full-scale modular loyalty engine, SnippLOYALTY, allows clients to deploy any/all aspects of a standard loyalty program on a case-by-case basis. The Platform's modular catalogue of digital and physical rewards, SnippREWARDS, provides clients with global and deployable access to a catalogue of digital and physical rewards. The Platform's gaming module, SnippWIN, allows the global deployment and administration of legally compliant games of chance and skill.


TSXV:SPN - Post by User

Bullboard Posts
Comment by sportsman80on Oct 18, 2017 10:36pm
96 Views
Post# 26829541

RE:RE:US$500,000+ Contract Extension, SVB Update and Mgmt Change

RE:RE:US$500,000+ Contract Extension, SVB Update and Mgmt ChangeIt says right in the release they have "entered into" an agreement that Snipp requested to avoid default that would have occurred under the original agreement.  They are releasing early and the agreement is being wrapped up at the same time, I think the bank is making them get the numbers ready early before signing off.  Personally I'm optimistic they will get to profits early next year but they are running a fine line with available cash.  Also unlikely the newly hired head of sales is leaving because the product is flying off the shelves.


Bullboard Posts