Snipp Interactive Inc V.SPN

Thoughts?

[stockpickerone!]

Personally love it!

[Maggs]

Awesome! They are killing it and building a superb foundation for a long term profitable business. But we do trade in Canada on the Venture exchange so....

[donlin2]

AGREE......... I love the future!!!    However, down on the news.......... what a shock!!!!  Not surprised.

[OPENHEIMER]

The reason the stock is down, is that they have  negative net income as they make no money despite sales increases. Atul, says what he likes to say, but the market is looking for profitability. They have $ 7 million in cash, which on this float represents $ 0.025 per share in cash. Gambit generates $766K in quarterly revenue so if you prorate this to one year, it is $ 3.1 million in revenue

[sportsman80]

I was hoping for a positive net income as well but not concerned, cash flow is still positive and Gambit is bringing in revenue with no additional salary cost from what I can see which is great.  I can see how the stock trades a bit lower on this report compared to what expectations might have been and the recent run up.  The issue is that we should be seeing a drop from closer to a $1

[OPENHEIMER]

The market is not impressed. Period. Weak reporting as usual with little forward guidance, especially Bally, and how this partnership will earn them some money as it appears so far that there is ZERO intergration resulting in accreditive sales, and they are sitting on all this cash that Bally put into SNIPP. Yes, sales are growing, but keep in mind that the earning per share, are not enough to

[Partwaythere]

Openheimer; awhile back you mentioned you were in at 20 cents. When the SP hit 23/24 last week; why did you not sell and leave? No offense but what do you see in this company if you stayed. Now again we are at 20 cents; are you hanging around or selling? 

[OPENHEIMER]

Was hoping that this company would provide something more than a "mickey mouse" release on earnings.Hoping to see by next quarter if they will show some real openess and new business. Holding to a few hundred thousand shares, and looking to make some money. You cannot be "grey" in how you transmit news. Investors will pay a premium for "future expectations" and this

[Maggs]

You said... "Hoping to see by next quarter if they will show some real openess and new business." What do you think they should be accomplishing??? Their core business grew 55% with new customers and expanding with current customers.  Gambit will continue to grow as they build it out. Ballys will continue to grow with them as they branch out. They will continue to expand with

[OPENHEIMER]

I am here to make money, and hope this company can deliver to their potential. Sitting on $7MM in cash is great, but you cannot have these funds sitting doing nothing, when you can utilize it for shareholder growth or invest in some shape or form, through another acquisition that is accreditive. On paper the potential is there, but what I don't like is the way they communicate, and try to

[Maggs]

I agree with a lot of things you are pointing out...But I will say this is a fantastic, profitable and very innovative company with products that will be in demand for many years to come with SnippCheck and a full suite of other items in their platform making them very appealing to potential customers as a one stop shop. Their innovation and tech people are some of the best out there.  And

[OPENHEIMER]

Thanks for your insight. Since you seem to know this business, how does SNIPP compare to other companies in this space and how do their stock price and valuations compare to ours to understand potential upside ?

[Maggs]

I do know how the tech world operates.  I've been investing in many micro cap Nasdaq stocks for decades from inside behind the scenes and on the outside in the public markets. At one time, American investors/speculators of size would dip their toe into exchanges like the Venture/OTC for the possibility of multiples but that has now disappeared. Regulations and very bad actors has

[Maggs]

Correction...Meant to say zero/first party data..

[OPENHEIMER]

Thanks, and good luck to as all.  Hope something materializes and some momentum built in continued growth and profitability and see some ROI from the Bally and Gambit investments.