Snipp Interactive Inc V.SPN

Maggs...SPN's Positive EBITDA and Cash Position

[lithomon]

Can you enlighten me (i.e. dollar values) on SPN's positive EBITDA and Cash on Hand position.

You mentioned, financially and longer term growth runway, SPN in favourable position.

It was mentioned that SPN insiders hold 50% of the shares.

Thanks in advance

[stockpickerone!]

look at their investor deck online - its all there 

[gotwins]

Yes.   They have been talking to $25mm in revs, positive EBITDA and a cash position of $5mm for the year that just ended in December. And zero debt. Rolling back their shares outstanding from a position of strength and moving to a US exchange were both discussed on the 3Q conf call.  So hopefully that will be coming shortly. Logo wins from competitors going out of business (or

[Maggs]

"Rolling back their shares outstanding from a position of strength" What?  I'm not sure if that is a quote from the CEO or just a statement. You can clarify which if you like. While we can only look at the business from the outside as shareholders, for all intensive purposes, the company is doing fantastic in so many different ways but every shareholder has lost their *ss no

[gotwins]

Yes that was quote from the conference call. Record sales, record EBITDA, record cash on the balance sheet.  And strong visibility into 2023 with record backlog and the Gambit growth.  The fundamnetals of the business have never been stronger. What else could he consider a position of strength from what he can control? The stock, the market cap now less than 1x sales, investor

[Maggs]

I love everything about the company as a business except the way they communicate. The % of insider ownership is fantastic as they are aligned with shareholders. But when you look around the Venture there are many companies with much, much higher valuations and are losing millions every quarter or just simply have no business to speak of. How do you explain Snipp and the stock owners who continue

[OPENHEIMER]

Over a million shares traded today !  Dumping and this is not a good sign. Where are the insiders to buy at a bargain ? This is starting to stink. Or where are the "white knights" to potentially buy this "golden" company ?? We are drifting into oblivion........

[Maggs]

No need to worry...It's like Inflation...It's just Transitory selling...That never stops!  There is a solution though... Remember what Chubbs said in Happy Gilmore...Go to a Happy Place!