RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:33 PERCENT UPMaggs, those are very good questions. Sorry for the long winded reply.
The future appears bright based on market conditions, yet the market's sentiment towards SNP remains negative. I have looked at outsider reviews and a lot of the financial ratios etc, etc are negative so additional revenue is needed to change that perspective. The lack of contract announcements is causing some concern but may be, just may be this may be part of their cost reduction as it costs between $500 - $800 to release news.
Bottom line, I'm holding my shares and believing that the stock price will move into and stay in double digits. I have to wait to see if the cannabis market is going to use Snipp to help their promotion and loyality programs. However, this could take a while. If cannabis has no effect, I'll be moving on.
The company is worth what it is trading at. That's being generous. Mgmt, new director, new weed customer contracts will change that worth.......I hope. As they say, it is what it is right now and hope is not an investment plan. A reverse stock consolidation could happen to reduce the number of outstanding shares. That won't change their worth but could make it more attractive to a larger investment market. Some insider buying would help too.
A lot of words to say, I'm holding my shares while the company's worth, in layman's terms, is OK based on increased revenue results. 3Q results will be interesting but will be clouded with ZIP's numbers being included. However, this will be based on mgmt's release of what they want us to see.