RE:RE:ExchangesThink about how awful it's going to be if they decide they want to raise money when they get a fair valuation. Atul should stop talking about that cr*p right now. The last thing this stock needs is more headwinds from a raise. I have no idea why they would want to do that when they are growing quickly and they are profitable. There are hardly any companies like Snipp that are profitable and have incredible technology anywhere in the world. Leverage that in a positive way. For whatever reason Atul seems excited to raise money and then have the business lose money for revenue growth. What the F*ck??? It's bizarre after what they went through already here in Canada. If he does that, you can put a fork in his career and the company stock will be crushed. Examples of that type of disaster are everywhere. Why he would even talk like that is something I can't even wrap my head around.
Hopefully we get some updates and he comes to his senses going forward on that absurd idea they are talking about. They better nix it and just keep growing like they are until they can move off into a real exchange and they find a financier in the U.S. who is in for the long term at a valuation which makes sense. It's pretty clear Canada is not gonna do anything for them which will benefit any shareholders. But you can bet they are on their knees or will be begging for business. F*CK TH*M!
In the U.S. they raise money at 10x the valuation you would get in Canada. And investors eat it up. I am waiting for business updates in the New Year from the company and hopefully someone to get their head on straight.