Snipp Interactive Inc V.SPN

NEWS TODAY !

[OPENHEIMER]

A "mickey mouse" news release with a company that generates almost no income and burned through $ 10 million last year and a penny stock worst than ours. No value and hope that in the months to come we do not see more news releases like this with no tangible revenue. Maybe I am wrong, but don't think so, because the market yawned at the news, and went back to bed, unimpressed.

[donlin2]

Agree, a non-event............. trading at 9 cents ........  I hope this evolves in a positive fashion but not holding my breathe.   Gamelancer has not even released any news yet (11AM) ...... trading under 1000 shares GMMG shareholders are not excited either.

[Maggs]

If you are an owner of this incredible small tech company and you are complaining about the stock price or their performance, you might want to sit down and take a deep breath. What Snipp is doing is pretty remarkable by any standards in Tech today. They are not burning cash and yet still growing @ 30-40% clip. They are making partnerships with an ever increasing list of industry leaders, growing

[sportsman80]

I have a trading platform that has a built in data analysis tool and gives buy/hold/sell recommendations based on previous financial results.  For the first time ever they have Snipp rated as a buy (only 4 companies in their category are listed as buys).  I normally do not refer to this tool for penny stocks because they are always listed as sells based on previous financials/ratios etc,

[sportsman80]

Sorry I had a picture of the rating for Snipp with some details but it doesn't seem to paste in here, Snipp is rated 67 (buy).

[donlin2]

Somewhere between the latest comments of goodness and what the hell is Snipp doing is the following regarding Gamelancer: The Company is also pleased to announce that in the fourth quarter of 2021 it has generated advertising revenues of $186,919. As the Company continues to build out its business from the start-up phase, the Company also recorded expenses of $9,766,245, a net loss for the year

[stockpickerone!]

I see these types of deals as smart. Snipp has clients already. These other small companies are probably giving away their babies and the bath water to get Snipp to work with them and bring their clients. Snipp is probably going to help the monetize their assets in a way they will never be able to by themselves and take a nice cut in the middle. If it doesn't work they have lost nothing! 

[OPENHEIMER]

This Gamelancer is a money pit, as you can read from this paragraph you extracted. They will never make money and nothing but a "smoke and mirrors:" company.  Don't know how Snipp will benefit here from any deal with them. They were also late in posting their recent financials.  Can someone tell me prior to Snipp paying USD $ 5.0 million for Gambit, what were the revenues

[stockpickerone!]

Gambit was doing like 10MM in revenue according to them before they bought them...5MM in shares is nothing... Ballys is a strategic investor - in this environment they got 5MM USD in cash for their shares - i think thats great for growth capital...

[OPENHEIMER]

Can you find me some publication that Gambit really had 10MM in revenue.  I cannot find anything, and doubt they had this kind of scale. Share price keeps tumbling. If you have some sales info, please share.

[stockpickerone!]

see the first conference call they made after acquiring and why they acquired... 

[Enryko]

I think you have picked a perfect username for yourself heimer. I am thinking I can safely say that you are an absolute heimer whatever that is. You are giving me the impression that you do not know what you are doing. I ask myself why would anyone invest in a stock that they see so many reasons not to buy or hold. Have you ever thought that maybe just maybe you have picked the wrong stock on the

[OPENHEIMER]

On a given forum, people want critical thinking and exchange of views and opinions, to create further thought and analysis, in an open manner with constructive critism. We cannot all drink the same "Koolaid" like you, and march along with "blinders" into the abyss. It is called democracy and free speech. You don't have to read if your are "woke" and senstive to

[Enryko]

Ok   So could you please let me know why you would want to invest in this company. Help me understand where you are coming from. 

[stockpickerone!]

And share your investments if you can like previously suggested for the stalwarts you have invested in the world of penny stocks that come close to the metrics of this company...unfortunately as the world has shown, free speech and fake news go hand in hand...

[OPENHEIMER]

With 250K shares at an average cost of $0.19, I am pissed off with current performance ! Does that answer your question, why I am posing these questions ????????????

[Maggs]

Do you realize that there is absolute garbage penny stocks out there which have a market value in excess of 3-5 times what Snipp has? And everyone of them are burning millions of dollars of cash each quarter. You should direct your ire towards the CEO. Maybe drop an email or call him. It is his sole responsibility for the market cap of the company. 

[stockpickerone!]

Agreed. He is kinda stupid to work so hard and not realize the absurdity of his valuation. Just makes no sense that he doesn't get out there and push the story. 

[Maggs]

They are at LD MICRO TODAY but that is just usual b*llshit. I like to watch their presentations though to see how they are doing. I am waiting for a buyout or a revaluation on another exchange. We would need to see 50-60 cents for them to reverse out of Canada so that is out of the question at this point. But it could be possible they delist and come back with a new valuation on another exchange

[stockpickerone!]

Every time I speak to Atul about valuation I imagine his eyes glazing over as he enthusiastically pitched me the same angle that we are "razor sharp focused" on execution and the stock will "catch up at some point" and "we are running a marathon" not a sprint. He stays to those talking points irrespective of what I throw at him. Just don't get it. At one point I

[Maggs]

Thought I would drop a note on the presentation at the LD MICRO Conference that Snipp did which is a huge event that attracts lots of good companies who are there to get their story out. And for reference, I watched dozens of presentations that were done by CEO's and they were excellent. One company example of many would be Wishpond. This is nothing against the CFO who has done a few of these.

[Maggs]

I'm still processing the horror show that I just watched and am thinking to myself that they actually paid people to travel and do that preapproved presentation. That is a cost that the company and it's shareholders will have to eat. Please Someone, Fire Someone!!! The CFO is not at fault here. He is a CFO and should not be doing these things. Please...OMFG! Not kidding here...Fire

[OPENHEIMER]

What exactly are you talking about ?  What presentation ? Can you elaborate ?

[Maggs]

Stockpicker...I was giving Atul the benefit of the doubt because we all make mistakes and it was his first CEO job that I know of and it's a difficult learning curve for sure... But...I agree...There is something wrong with him. Whether he is irrational, in denial, clueless or just completely delusional with zero self awareness, I don't know what it is but if you are an Adult/CEO and you

[OPENHEIMER]

Forget my other post as I did not see this !  Terrible to read......OMG.

[stockpickerone!]

Any stream available I can see this conference on? 

[Maggs]

Usually they will put up a replay but the conference is still going on for another day. I would keep checking their website or better yet, call Atul and ask where you can watch it. He probably thinks it's awesome! Really sad day for shareholders who had to endure that trainwreck of incoherent, lip smacking robotic babble at one of the biggest investor conferences around for companies to

[OPENHEIMER]

Atul got $ 5M selling a share float to Bally. What is Snipp going to do with the $$ ? 1. Pay some nice bonuses to themselves ? 2. Use the $$ and buy back some shares to prop up stock price at $ 0.13 almost half the value they sold it at and consolidate shares at this low price, and shrinking the dilution ? 3. Buy another "mickey mouse" company like Gambit that has no earnings and pay

[Enryko]

So heimer are you going to sell your shares now before they go to as you seem to know to less than half of what you paid for them or are you going to hold on like a dummy and watch them drop even more. You seem to know where this is going but continue to hold. Could you please tell me why you are not selling. For such a smart investor you are not so smart. 

[OPENHEIMER]

You are either a Snipp pumper, or a very troubled individual who has nothing constructive to add to  this board, but use defamatory comments. If you are the former, in trying to blow smoke in investors eyes and sell the "pill" of eventual hapiness you are not doing a good job.If you are the latter you should seek some help to try and alleviate your anxieties.

[sportsman80]

Overreact much? Not sure how saying their communication is terrible and always has been and that they need way more sales is pumping but ok.  I was pointing out that what you say is the smart thing to do is not smart and never going to happen, this company was on the verge of bankrupt a couple of years ago, buying back shares with money they just received from a new partner is a terrible idea

[stockpickerone!]

Since then also Jaisun has bought a lot.  Totally agree - dont waste the investor money on buying back shares!!! Invest it in the business to grow the company...thats what makes a difference to the share price. 

[sportsman80]

Not smart enough to do #2? So you propose they take the money they just got a strategic partner to put in for 25 cents and immediately turn around and buy shares at 1/2 the price?  I'm pretty sure that's not how Ballys envisioned their money being used.  Atul himself just bought 6 million shares at 11 cents, there is skin in the game. as for shareholder communication, for anyone

[OPENHEIMER]

Yes, correct. They need more sales !  This company has been around for over 7-8 years, and they have had a bumpy road. Please provide some insight on when Atul bought 6MM shares at $0.11 ? Curious as to the date of this purchase.

[stockpickerone!]

There is some logic to executing against financial metrics but can't hurt to take some of the cash and put a nice face to all of it. His take is probably why waste the cash when you can invest in sales which is what he always says to me 

[OPENHEIMER]

Interesting to read that you have conversations with Atul. You must have the inside track, and good for you. However, I wonder when we will hit below $ 0.10 at this rate of daily selloff !! Something stinks badly, as the insiders would have been loading up at these price levels, but this is not the case. BTW, I did some research on D& B, and Gambit annual sales were around $800K, nothing