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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

Comment by gotwinson Jan 10, 2023 11:45am
145 Views
Post# 35213515

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

RE:RE:RE:RE:Maggs...SPN's Positive EBITDA and Cash PositionYes 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 appetite for micro micro caps on the TSX ventures....not his fault.  But knowing that the US markets have a minimum share price to list there makes sense for the stock rollback to get the stock price where it needs to be for the move.  Investors are clearly not searching for new ideas on this exchange.

And with insiders & Bally's owning 45% of the outstanding stock, they are more than aligned with the rest of the shareholders frustration dont you think?

What other stocks do you own where insiders own 45% of the company?



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