RE:RE:RE:Honestly...A year or so ago, this stock was as low as a .01/penny. I bought millions between .02 cents and .04 cents. I bought more as recently as last week. I am probably a 3% owner and I also have some stock from years ago as well in some funds.
When Jason and Atul were loading up on millions, so was I.
I followed exactly what they were doing.
The performance of the stock in the last year is not even material because their business is outpacing the price of the stock by a mile. The fact they have no exposure to any real investors is a real problem. I'm guessing the stock will go up eventually from their organic performance like it has but this exchange has zero investors to make any difference in their business. It's all people looking to dump at any given moment especially if they decide to pivot and start taking big losses.
If they moved to the Nasdaq, flipping would be limited as an after thought. There are so many real investors with so much money that they would find tremendous support for the initial year(s) of losses because that is how they do things. Support would come from all angles assuming they are still growing and sticking to their plan.
Another real problem and concern I have is the last time they tried to grow revenues without profits on this exchange, speculators (penny flippers) bailed, big time. They got shredded!
Nobody wanted any part of that. Do you think these speculators on this cr*ppy exchange who have some gains are gonna care this time? I highly doubt it. That is a real concern here. They are having trouble finding buyers now and they are profitable and growing revenues.
People need to pay attention to the markets and what they are telling them right now. If you can't get people (even speculators) to buy your stock in this environment on this exchange, what makes you think their gonna buy or hold when you start losing millions???
I would have no concern if they were on the Nasdaq because that is what is expected and they have real investors there.
But...This cr*ppy exchange is nothing like that and Atul and the company better tread lightly here or their stock could get buried again under those heavy losses.
There are nothing but penny flippers who have zero interest in spending anytime investing in Snipp...
That is a fact and they will find out real quick they have zero friends and absolutely no support here once again. Just like last time...
Losses are expected for tech companies on the Nasdaq, losses are not gonna be well received on an exchange which has the attention span of a nano second and corruption of a third world country.
I am warning you all right now...Things could off the rails quickly if they try to pivot their business plan on this exchange with nothing but speculators...