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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 sportsman80on Oct 30, 2023 3:54pm
151 Views
Post# 35707931

RE:RE:SPORTMAN IS RIGHT !!

RE:RE:SPORTMAN IS RIGHT !!Pretty sure my first shares of Snipp were over 50 cents, so not the beginning but a long time ago.  Personally I'm not all that excited to see the results, we know the year end numbers which were fine.  We know the Q3 backlog and cash on hand which tells us that revenue hasn't drastically increased (unless costs also drastically increased).  If they came out with an update that showed a 20 million backlog or cash reserves increased by a couple of million then I would be excited to see what was going on.  The 2023 numbers will most likely be unexciting but not bad and Atul will continue to talk about building out the business, being debt free, untapped potential markets, future margin expansion, integration of Gambit etc.  At this point I could probably write his summary for him. 

I'm not saying all of this is not true or bad, it's all fine and the business seems solid, but I'm sorry I've waited a log time I want better than solid I want to be blown away.

As you say Maggs the hirings seem exciting but this isn't the first time they have hired a bunch of fancy sales/market leaders who come with all kinds so called connections only to be underwhelmed at results time.

I still think the stock is incredibly underpriced (although it's hard to argue a stock is undepriced that has been halted for moneths) and I still think the goal is some kind of buyout at a better valuation but that just seems so far away.
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