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Bullboard - Stock Discussion Forum 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... see more

TSXV:SPN - Post Discussion

Snipp Interactive Inc > STOCK ROLLBACK MATH
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Post by gotwins on Jan 16, 2023 10:59am

STOCK ROLLBACK MATH

Hi guys!

A few thoughts after reading some recent strong negative views on the potential rollback...


1) yes, the stock could continue to be pressured after the rollback is completed

2) yes, in theory, it is easier for a stock to go from $0.15 to $0.20 than from $3.00 to $4.00

3) if you own $1000 worth of Snip shares now, you will own $1000 worth of Snip shares after the rollback

4) the market cap of Snip is $26mm USD today and it would still be $26mm USD if the stockroll back happened this morning.  

5) nothing else changes except the stock at $3 will have a chance to be listed on a US exchange and potentially find some institutional buyers that trade in micro cap companies

6) insiders will still own 45% of the company, they will still have $5mm in cash and no debt
Comment by Maggs on Jan 16, 2023 12:31pm
All in IMO of course... This general delusion is unfortunate and will have nothing but a negative feedback loop on the CEO, the company itself and for all of us shareholders who bought into the story.   1) yes, the stock could continue to be pressured after the rollback is completed So why do it? 2) yes, in theory, it is easier for a stock to go from $0.15 to $0.20 than from $3.00 to ...more  
Comment by stockpickerone! on Jan 16, 2023 2:49pm
They have been doing nothing other than building this company patiently...yet no value being created. So at this point I would say try everything. Even one potential opportunity to get US institutions in is worth it imho
Comment by Maggs on Jan 16, 2023 4:50pm
I disagree...They are creating tons of value for shareholders. Atul has done a fantastic job putting things together. It's not showing up in the stock price but it will at some point. Leadership needs to stay the course. Everything in the U.S. and Canada s*cks right now. Changing any of that is only gonna make things worse. They could help themselves more by buying back shares periodically ...more  
Comment by OPENHEIMER on Jan 20, 2023 12:07pm
The only way this company can show some stock appreciation, is to show the investor community that the insiders are buying some shares in the open market. Atul, and the others cannot mustur $100K and buy a few million shares to create some positive optics ? However they don't, and you wonder, if this is really a true dream stock with so much potential !!
Comment by tannin on Jan 21, 2023 2:06am
Openheimer, such nonsense. Try patience, will make you more money than most other mkt strategies. This is a great little company, Atul and team need to continue to grow it profitably, and we'll all do very well. The overall tec mkt, particularly the jnr tec mkt, suuucks, so our sp should be no surprise. An interesting discussion on the merits of a stock consolidation leads me to the ...more  
Comment by donlin2 on Jan 23, 2023 10:04pm
WELL, let's see what the 4q unaudited numbers and comments are................ they should be only a few days away.
Comment by gossamer18 on Jan 25, 2023 1:00am
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