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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 micromanageron Jan 14, 2015 9:55am
137 Views
Post# 23317478

RE:Financing

RE:FinancingDepends the deal is at $0.55 so market theory tells us that it will go there.  It depends on whether investors sell common shares into it to get the financing and warrant - in this case the 55 cent theory would apply.  But it also depends on demand for this deal.  If demand  to participate is way higher then supply, then the investors that do not get into the placement have to buy in the market which should mean an increase in share price.  If demand is low then it could negatively impact the share price.  In this case it's a bought deal for $8 million so the demand is already there guaranteed as Canaccord has given the money to Snipp already this morning.  Once the deal is closed there is a 4 month hold period.  So I think no matter what once closed, which is Feb 4 or earlier, there will be a 4 month runway.  We know during this time we will see q4 and q1 2015 financials and that should fundamentally set the trend of where the share price is going.  
Bullboard Posts