Snakk

[robbo24]

Good on you.

NBR usually quite good with allowing questions to flow through - as long as not personal personal.

I may ask about why he likes backdoors? :D

I asked him what are the negative aspects of backdoor listing, such as Snakk?

[silverblizzard888]

Hi I was wondering is the NZAX that Snakk is listed on considered the NZX secondary market? If so or if not can someone explain or give me a link to a website that does? Whats classed as a secondary market?

Thanks

[ari]

More wah,wah....pity he didn't put some energy into advising his faithful shareholders.....http://www.nzherald.co.nz/technology/news/article.cfm?c_id=5&objectid=11245552

[jonu]

More wah,wah....pity he didn't put some energy into advising his faithful shareholders.....http://www.nzherald.co.nz/technology/news/article.cfm?c_id=5&objectid=11245552

That article is a rehash of something he wrote elsewhere. I've read it before. Does he pay the "Herald" or something?

[jonu]

More wah,wah....pity he didn't put some energy into advising his faithful shareholders.....http://www.nzherald.co.nz/technology/news/article.cfm?c_id=5&objectid=11245552

That article is a rehash of something he wrote elsewhere. I've read it before. Does he pay the "Herald" or something?

[Harvey Specter]

He's putting himself into the media over the past week - wonder why?

[J R Ewing]

Perhaps the second snake is going to hit the market soon - "roll up, roll up, get em while they're hot!"

[Balance]

In his book he's on the beach having cocktails when Branson asks him to do that.

Slippery snake skewing stories...

http://www.nbr.co.nz/article/what-ive-learned-two-years-richard-branson-dc-155262

Eat your heart out, Moose - your hero (or rather, ex-hero) is indeed sending the PR piece around the media to get profile.

http://www.nbr.co.nz/ask-derek

You do have an opportunity though to put a question to this inspirational snake-oil merchant so make full use of it.

Just don't ask about backdoor activities - NBR will not want to be embarrassed!

[Harvey Specter]

He's putting himself into the media over the past week - wonder why?Boom!!!:

http://theshouldertap.com

[robbo24]

Boom!!!:

http://theshouldertap.com

Reminds me of Stacy Jones and Richard Long being front-puppets of finance companies. Except now it's grab a few Shortland Street actors and some guy who made a Facebook group.

I shoulder tap Moosie - your role is to talk up DGH so he can backdoor list another company and gouge some more money out of unwitting people.

#con #scam #bs #hype

[nextbigthing]

Boom!!!:

http://theshouldertap.com

Brilliant!

This has Moosie written all over it!

[robbo24]

P.S. The Happiest Company.com has already attempted this: http://www.youtube.com/watch?v=XW0u5xrfiac

[nextbigthing]

If he wants to make money and do some good in the world why doesn't Handley just invest in PEB....

[robbo24]

That's what I got out of it. Then I remembered I hadn't patted the dog in awhile or returned my dvds...

I'm going to nominate you Moosie.

[Balance]

If he wants to make money and do some good in the world why doesn't Handley just invest in PEB....

Go and wash your keyboard with heavy duty detergent!

Last thing PEB needs is snake oil - it is doing well, thank you very much!

[robbo24]

You're a good friend Robbo. There's a special place in woodland creature hell for ya if ya do so ;)

Moose heaven doesn't sound like much fun anyway.

[Balance]

At a buck a pop it ain't looking so healthy there Bal! Maybe Sir Richard could magically get bladder cancer and endorse thd test with Mr Handley nominating us younguns to get tested early? Double the previous sales right there in one shot!

Buying opportunity as far as I am concerned.

Short term sp movements have never faze me, especially for a stock which has attracted a lot of poorly informed TA traders. :D

[robbo24]

Can we please keep this thread on topic - Moosie's mate Handley.

[Balance]

Can we please keep this thread on topic - Moosie's mate Handley.

Let's see what oil he is brewing now - the PR offensive is definitely for a purpose.

Hope it's not Moose oil!*

[blackcap]

Let's see what oil he is brewing now - the PR offensive is definitely for a purpose.

Hope it's not Moose oil!*

Haha he is on TV3's morning news right now! Something brewing, yes its the shoulder tap thing.

"Snakk, the business is going amazing, .... we are totally happy with how it is going"

[Balance]

Haha he is on TV3's morning news right now! Something brewing, yes its the shoulder tap thing.

"Snakk, the business is going amazing, .... we are totally happy with how it is going"

Surprised he did not add :

" Going so well and we are so fantastically happy, we decided we will share the amazing Snakk with others out there.

If you want a slice of the action, we just happen to have some shares for you to buy.

Others put their money in at 12c, we are happy to supply at under that.

Give Team B a call - we believe in sharing our good fortune with humanity."

[robbo24]

Great company, s*** investment!

Moosie have you had a "tap" on the shoulder yet???

[nextbigthing]

Moosie have you had a "tap" on the shoulder yet???

Yeah Moosie, has Derek touched you in a special way yet?

[Harvey Specter]

I am still trying to figure out what use a charitable foundation has for a non dividend paying stock, especially since it doesn't have any other investments from what I am aware for them to be the long game.

To 'use' them they have to sell them.

[ari]

Give Team B a call - we believe in sharing our good fortune with humanity."

Didn't see this in the prospectus and why does Branson do what he does....because he can. Branson has a little head start, think Virgin business's commenced in '67 and Handley already wants to save the world starting with NZ....on other peoples cash!

[Balance]

I've had a few (sarcastic) referrals from others!

Think of it this way, Moose - YOU can make Derek a better man.

[Harvey Specter]

Think of it this way, Moose - YOU can make Derek a better man.I think the mentorship is meant to go the other way - at least thats how DGH sees it.

[Balance]

I think the mentorship is meant to go the other way - at least thats how DGH sees it.

In which case Moose should grab the opportunity - DGH certainly knows how to make money out of others?

[Lorne Ranger]

Crikey, I thought DIL made people lose the plot, but SNK appears a whole other level...

[winner69]

I am applying but stuck on this question. I think it is a trick question

Question

On this scale, what does “success” mean to you?

A Money, recognition, power and a great title

B Making a difference to people, the planet and NZ’s future

[Harvey Specter]

I am applying but stuck on this question. I think it is a trick question

Question

On this scale, what does “success” mean to you?

A Money, recognition, power and a great title

B Making a difference to people, the planet and NZ’s futureI had a quick look at the first few of his 13 'interview' questions - you could pretty much BS you way though them based on what he wants, which I guess means you would be perfect for the job.

[Balance]

I am applying but stuck on this question. I think it is a trick question

Question

On this scale, what does “success” mean to you?

A Money, recognition, power and a great title

B Making a difference to people, the planet and NZ’s future

B - but as DGH has ably demonstrated, it does not mean you cannot use PR spin to make lots of money?

[Cobber]

I am still trying to figure out what use a charitable foundation has for a non dividend paying stock, especially since it doesn't have any other investments from what I am aware for them to be the long game.

To 'use' them they have to sell them.

That's the bit that has stumped me too. Based on the current share price, he's throwing in $450,000. Maybe the job is paying in Snakk shares instead of a salary....

[SimonHouse]

So it's just more insider selling then?

[Balance]

That's the bit that has stumped me too. Based on the current share price, he's throwing in $450,000. Maybe the job is paying in Snakk shares instead of a salary....

I think you have hit the nail on the head - it's a publicity stunt - he has already line up someone for the job who will take 90% of the pay in Snakk (and other IPO) shares.

:D

[winner69]

I think that Lou chick will be the leading contender

[Harvey Specter]

So, he's fleeced the retail investors and now he's looking to suck in an unknowing individual so that they can bring in those not in the market(and therefore completely unknowing)?

Un-fricken-believable...Derek Handley ‏@dgh (https://twitter.com/dgh) 4m (https://twitter.com/dgh/status/460932503986249728) Anything worth winning is worth risking it all to #win (https://twitter.com/search?q=%23win&src=hash)

[robbo24]

there is a template for these clowns - they use it and the nz media laps it up. This guy is in the male parallel universe to Melissa Clarke-Reynolds.

Erase your life back-story, replace it with what a struggle it was being a genius surrounded by dunces. Outline your academic prowess and achievements at top international universities despite failing at nz schools. Set up companies aimed at parting funds from the unsuspecting; watch as they go successively tits-up. Get on the speaking circuit and hail this successive failure as 'serial entrepreneurship' and soon the nz press gallery will start parroting it, at which point you move to the speaking circuit to pay the bills - by encouraging others to fail. This is also a nice soap-box for the upcoming ventures. Then shoot for lofty goals - saving the planet - which other mortals can't even conceive, let alone do. At the same point hitch you star to a big wheel and be forever ascendant. This is where Clarke-Reynolds tops even our boy Ellery Handley, who got John Monie. Sorry, Branson. Al Gore takes a lot of beating ...

Unless your George W.

Where is the "Like" button????

[J R Ewing]

It got worn out on post 4581

[winner69]

there is a template for these clowns - they use it and the nz media laps it up. This guy is in the male parallel universe to Melissa Clarke-Reynolds.

Erase your life back-story, replace it with what a struggle it was being a genius surrounded by dunces. Outline your academic prowess and achievements at top international universities despite failing at nz schools. Set up companies aimed at parting funds from the unsuspecting; watch as they go successively tits-up. Get on the speaking circuit and hail this successive failure as 'serial entrepreneurship' and soon the nz press gallery will start parroting it, at which point you move to the speaking circuit to pay the bills - by encouraging others to fail. This is also a nice soap-box for the upcoming ventures. Then shoot for lofty goals - saving the planet - which other mortals can't even conceive, let alone do. At the same point hitch you star to a big wheel and be forever ascendant. This is where Clarke-Reynolds tops even our boy Ellery Handley, who got John Monie. Sorry, Branson. Al Gore takes a lot of beating ...

Unless your George W.

Jeez that Melissa must have done something bad to you once

Sometime ago I somehow got caught up with having Melissa's presence for a couple of days ......luckily our paths have not crossed since

[mp52]

there is a template for these clowns - they use it and the nz media laps it up. This guy is in the male parallel universe to Melissa Clarke-Reynolds...

While I can find sympathy with some of this (e.g. would DGH be the youngest CEO of a public listed company if daddy wasn't a well-connected HK financier - not the standard bootstrapping story of grit and determination) on the other hand there's a certain irony in people leaping out of the shadows under pseudonyms poking the borax at self-promoting high-profilers. At least these ones are in the light and can be seen. Are the publicity-shy silent movers operating in the moral half-light providing no public position on anything much at all really any better?

DISC: No holdings in SNAKK, still wondering when the tax payer gets reimbursed investment funds ploughed into HyperFactory and certainly not waiting for another wunderkind to hit the jackpot from (yet another) privatisation of ACC.

[mp52]

Are you sure you know what irony is?

Hopefully a better grasp of it than Alanis Morissette anyway :). The irony stems from the act of lambasting self-publicising individuals on a public forum anonymously - but hey I'm not leaping to their defence just gave me a tickle is all.

[ari]

And now the vid......http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11245827

[blackcap]

I see that Antonia Prebble is still looking ravishingly gorgeous.

[mp52]

Sorry mp98. I thought that was the point of these forums.

Wouldn't dispute that - still amusing (which is another point of them from time to time). No need to get defensive though - this thread/your comments are appreciated.

[cammo]

i thought it was still illegal to w#nk on tv. Never seen a bigger display of self-pleasurement.. paul henry got a facefull of it and egged him on as well.

[Balance]

http://www.nzherald.co.nz/employment/news/article.cfm?c_id=11&objectid=11245827

Biggest opportunity of a lifetime for Moose to work alongside his mentor.

"YOU have read the BOOK.

NOW w**k with the MAN."

[winner69]

http://www.nzherald.co.nz/employment/news/article.cfm?c_id=11&objectid=11245827

Biggest opportunity of a lifetime for Moose to work alongside his mentor.

"YOU have read the BOOK.

NOW w**k with the MAN."

I think God wants Moose to get the job

Apparently the timing is perfect for Moose .... he says he out of a job anyday

The omens are in your favour moosie

[robbo24]

I already nominated moosie_900, he's dead set to get it with my blurb about him.

[jonu]

Most altruistic of you Robbo, done with the best of intentions of course!

[sharp]

SP has been stagnant for awhile... about time for an announcement by SNK ?

[Cobber]

SP has been stagnant for awhile... about time for an announcement by SNK ?

Give them another month. Results usually come out 2 months after the end of each quarter. I would think the end of year accounts would fit the same schedule.

[jonu]

I wonder how many ducks were led to that pond by your cheerleading Moose?

[robbo24]

None. They should have done their own research...

Make this your post signature, moose...

[jonu]

VML's sp has seen better days (and will again I think), but I haven't started slagging them off, nor do I think I have over hyped them. Nor was I on a secret squirrel mailing list with nod nod wink winks to the CEO. That's quite a glass house to be throwing rocks from Moosie.

[Snow Leopard]

I wonder how many ducks were led to that pond by your cheerleading Moose?

Quick guys - Follow that Bullock with the weird horns!
5759

Best Wishes
Paper Tiger

[zigzag]

11-year old girl shows off amazing duck calling skills. Try googling that for sound effects. About 50 secs into the clip. Or - girl doing duck call.

[Snow Leopard]

Was that taken in Guatemala?

Tidak.
Di sawah

Best Wishes
Paper Tiger

[robbo24]

Tidak.
Di sawah

Best Wishes
Paper Tiger

I think this version tells the real tale...

5760

[Balance]

I think this version tells the real tale...

5760

Haha - that is soooo good!

Can you do DGH sitting on a moose who in turn is standing on the ducks?

:D

[couta1]

I wonder how many ducks were led to that pond by your cheerleading Moose?
Yep caught up in the Moosethusiasm in May 2013 as a young duckling:scared:

[Balance]

Yep caught up in the Moosethusiasm in May 2013 as a young duckling:scared:

As long as one learns from the mistake.

Remember this well :

"You can never make the same mistake twice.

Because the second time you make it, it is not a mistake - it is a choice."

[robbo24]

Haha - that is soooo good!

Can you do DGH sitting on a moose who in turn is standing on the ducks?

:D

Anything is possible, Handley had to pass by his new house first though.

5761

[robbo24]

:D

And oh, what's this???

5762

[Balance]

And oh, what's this???

5762

You have made my evening!

Hahahaha :D

[robbo24]

You have made my evening!

Hahahaha :D

He never stays in one place for long, he's off to Nelson to meet a Snakk investor.


5763

[SimonHouse]

Please please please keep these Derek Handley images coming. This is just gold.

[Balance]

Don't forget, it's question time for DGH today.

http://www.nbr.co.nz/ask-derek

Now let's see if NBR is indeed the 'authority' or pussycat?

[Blue Horseshoe]

Dont forget, it's question time for DGH today.

http://www.nbr.co.nz/ask-derek

Now let's see if NBR is indeed the 'authority' or pussycat?

Check out the add at the bottom of the page, classic.

[sharp]

Don't be so surprised is SNK makes a positive announcement in due course.

[blah]

Perhaps someone should start a Derek Handley thread? There does seem to be much more interest in him than in Snakk - perhaps many who are contributing are secret admirers of him but who are too ashamed to admit?

[nextbigthing]

Perhaps someone should start a Derek Handley thread? There does seem to be much more interest in him than in Snakk - perhaps many who are contributing are secret admirers of him but who are too ashamed to admit?

Someone could start a CEO type thread in the off topics. A place to discuss managers etc. Get in there Blah

[Balance]

One already on there entitled: NZs most punchable CEOs. I already nominated Handley and Sorehead :p

No questions allowed on backdoors, I see.

http://www.nbr.co.nz/ask-derek

[Harvey Specter]

I assume everyones questions got summarised into:


We've had a bunch of a questions that boil down to: "I see that XYZ guy is investing in Snakk Media. He specialises in making a fast buck from stocks that have sudden, big swings in value" (although less diplomatic language is used).
Obviously, you have no control over who buys shares in the publicly-listed Snakk.
But don't you think those sort of barbs will always go with the territory when you're listed on the less regulated NZX Alternative exchange?
Why did you choose not to pursue a listing on the NZX proper?
Anyone else get a question through?
http://www.nbr.co.nz/ask-derek

[Harvey Specter]

Im disappointed that Keal paraphrased all those concerns into a rather weak statement and couple of easy to answer questions. I suspect that might have been an agreement in the first place between the NBR and Handley that SNK related Qs would be treated in this way.... Kinda makes a mockery of "ask me anything" but I guess I shouldnt be surprised.......looks like he is still avoiding the question. It maybe that they got to many and is more a paraphrasing issue than a bias issue.

[Harvey Specter]

Weak question
We've had a bunch of a questions that boil down to: "I see that XYZ guy is investing in Snakk Media. He specialises in making a fast buck from stocks that have sudden, big swings in value" (although less diplomatic language is used).Obviously, you have no control over who buys shares in the publicly-listed Snakk.
But don't you think those sort of barbs will always go with the territory when you're listed on the less regulated NZX Alternative exchange?
Why did you choose not to pursue a listing on the NZX proper?

Weak answer
I think for small companies, it makes more sense to list on the more flexible boards - I'm really looking forward to the new market they are looking to roll out. When a company gets to a certain scale or size then I think transitioning to the main board is logical.
We can't control shareholders, but we can control governance and our management and Snakk has an extraordinary team that is only getting stronger.

[Balance]

I think for small companies, it makes more sense to list on the more flexible boards - I'm really looking forward to the new market they are looking to roll out. When a company gets to a certain scale or size then I think transitioning to the main board is logical.
We can't control shareholders, but we can control governance and our management and Snakk has an extraordinary team that is only getting stronger.

What kind of BS reply is that? 'Can't control shareholders but can control governance?" Well, how about a holding period for the shareholders who got their shares at 0.5c? How about Chairman, CEO and co-founder not selling shares until company is delivering on its forecasts?

DGH must think he is still talking with wide-eyed fresh graduates he can impress and hoodwink with flippant replies!

Well, glad I do not pay subs to the NBR - they just lost my respect.

[silverblizzard888]

He seems to be avoiding/delaying answering all the SNK related questions. I imagine its taking his advisors a bit of time to get the "correct" or "best" answer together.... A bit harder to put your foot in it when you are being asked about you favorite book....

and Not a bias issue?? cant say I can agree with you there...

So what was his favourite book? =P

[robbo24]

I want to know the less than diplomatic language!

[Harvey Specter]

Well, glad I do not pay subs to the NBR - they just lost my respect.Because of the reply or because of the paraphrased question?

One issue with AMA is they get the last say. The person asking the question needs a right to a supplementary question provided it relates to the original question (not like the 'does the minister stand by all his statements crp that you get in parliament).

[Harvey Specter]

If you want someone to ask the hard questions you neex to enlist Paul Hen...

Oh right, even he's been hoodwinked...I don't think he was hoodwinked - I think he showed the right amount of skepticism while not being rude. He even tries not to be too rude to politicians he obviously disagrees with.

[Swiftideas]

...a holding period for the shareholders who got their shares at 0.5c? How about Chairman, CEO and co-founder not selling shares until company is delivering on its forecasts?

May be late to this. Possibly it's been done to death. But don't fancy reading through 311 pages of ducks and tall poppies, to do my own research.
Can anyone please summarise for me? Do we know..
- which shareholders got shares at 0.5c? when? and to what volume?
- when did Chairman sell his shares? to what volume and was this market notified?
- same questions founder? same questions CEO?

Thank you.

[Balance]

Because of the reply or because of the paraphrased question?

One issue with AMA is they get the last say. The person asking the question needs a right to a supplementary question provided it relates to the original question (not like the 'does the minister stand by all his statements crp that you get in parliament).

Paraphrased question.

The question is so lame and totally avoids the issues which DGH should have taken the opportunity to front up on.

[axe]

May be late to this. Possibly it's been done to death. But don't fancy reading through 311 pages of ducks and tall poppies, to do my own research.
Can anyone please summarise for me? Do we know..
- which shareholders got shares at 0.5c? when? and to what volume?
- when did Chairman sell his shares? to what volume and was this market notified?
- same questions founder? same questions CEO?

Thank you.

https://www.nzx.com/companies/SNK/announcements/246004

2,000,000 shares were transferred to the Handley Foundation and a further 1,466,187 shares were sold on market during December 2013. The effect was to see a reduction in the substantial holding in the ordinary shares held.

[Balance]

Swiftideas, you need to read the original "prospectus" issued in April 2013 to see the dealing between Handley, Sorehead, SEA, Agent M and others. Quite a few got 5 cent or below shares...

Not just 5c - 0.5c!

Balance 1 April 2011 5,134,665
Movements during the year
50,000,000 shares issued at $0.009 each on 25/7/2011
25,000,000 shares issued at $0.005 each on 25/7/2011
100,000,000 shares issued at $0.05 each on 16/7/2011
10,870,000 shares issued at $0.05 each on 22/11/2011
2,910,000 shares issued at $0.05 each on 28/2/2012 - 31/3/2012
Balance 31 March 2012 193,914,665

[robbo24]

As we know from reading the Handley Foundation Trust Deed (I did a clause by clause post of it a number of months ago) it is quite obvious that the main idea is a safe way to alienate personal interest in assets that can still be controlled for business purposes.

Not to mention all the parts about paying trustees, trustees can be employees and directors of direct investments and employee and director trustees can be paid by the investments.

So please don't start with the Handley Foundation "good guy" act again.

[Balance]

"I think for small companies, it makes more sense to list on the more flexible boards - I'm really looking forward to the new market they are looking to roll out. When a company gets to a certain scale or size then I think transitioning to the main board is logical.
We can't control shareholders, but we can control governance and our management and Snakk has an extraordinary team that is only getting stronger."

Anyone of you think the above is plain simple to understand English?

And the answer was from the man who brought you this :

"here are some of the simplest things I would share:

Just speak English. I have learned to strip all jargon from my life - if a school kid can't understand it, then you're just saying it wrong. And that goes for all the acronyms we drown in to the overused phrases from "lean start-up" to "lean-in", and words that just shouldn't be used in the first place - like "resources" when we mean people. There is a constant drive now within me to crush all language out of my mind that can't be relayed to the common person."

[robbo24]

Yes Balance, it is a crock.

The plain English talk is hype.

The comments Handlebars makes about small companies doesn't actually make any sense. He's just strung together some seemingly relevant words.

[Swiftideas]

Thank you for this. I'm not seeing any sell down from management. Did I miss something?

On Chairman -
https://www.nzx.com/companies/SNK/announcements/246004
2,000,000 shares were transferred to the Handley Foundation and a further 1,466,187 shares were sold on market during December 2013. The effect was to see a reduction in the substantial holding in the ordinary shares held.

Yes. This was covered here right? - http://investors.snakkmedia.com/wp-content/uploads/2013/02/SSH_D-Handley.pdf

On prospectus -
Swiftideas, you need to read the original "prospectus" issued in April 2013 to see the dealing between Handley, Sorehead, SEA, Agent M and others. Quite a few got 5 cent or below shares...

Yes. These refer to the same 2011 agreements that Balance lists below right?


Not just 5c - 0.5c!
Balance 1 April 2011 5,134,665
Movements during the year
50,000,000 shares issued at $0.009 each on 25/7/2011
25,000,000 shares issued at $0.005 each on 25/7/2011
100,000,000 shares issued at $0.05 each on 16/7/2011
10,870,000 shares issued at $0.05 each on 22/11/2011
2,910,000 shares issued at $0.05 each on 28/2/2012 - 31/3/2012
Balance 31 March 2012 193,914,665

Yes. Some deals in 2011. A moment in time (post Hyperfactory sale) when Snakk was a high risk, early stage investment. What's the significance now? Is there a reason to focus on 2011?

[sommelier]

You'll find few friends here swiftideas. I agree, I have a (small)*holding because I feel that we should always support companies that put social values before profit. I am obliged, as a young investor, to indicate my values and encourage socially and environmentally responsible business by putting my money where my mouth is. So far, this has been a very expensive ideal. I won't be selling anytime soon, but as I said it is a small holding, and it is at a 25% loss. If we complain, or give up, or lament our intentions as unprofitable and therefore immature or unlearned, then it is clear that actually it was greed that motivated us all along. #excuses #weakjustification

[Swiftideas]

You'll find few friends here swiftideas.

Thanks Sommelier. Although not looking for friends. Nor ethics. Just good business insight.
My view is that little actual analysis exists on Snakk. Hence the dangerous need to check this board on occasion.

[Balance]

Thanks Sommelier. Although not looking for friends. Nor ethics. Just good business insight.
My view is that little actual analysis exists on Snakk. Hence the dangerous need to check this board on occasion.

Amazing - you buy Snakk first, then ask questions later?

[robbo24]

Thanks Sommelier. Although not looking for friends. Nor ethics. Just good business insight.
My view is that little actual analysis exists on Snakk. Hence the dangerous need to check this board on occasion.

Swiftideas, a great place to start is the prospectus from the IPO... Oh wait... Never mind.

[janner]

Hmmm...

A long way from your initial posts Moosie ;-))



Starting to wonder how the cashburn rate is going and how in the holy hell they are going to raise more money on market if they've alienated the entirety of the NZX and can't list on the ASX? I see April came and went with no Asian expansion news and the ASX thing hasn't been mentioned at all since...

[axe]

Starting to wonder how the cashburn rate is going and how in the holy hell they are going to raise more money on market if they've alienated the entirety of the NZX and can't list on the ASX? I see April came and went with no Asian expansion news and the ASX thing hasn't been mentioned at all since...


Welcome back to snakkland Mossie :).

Cashburn????

Last quarter profit was 27k.

SP should pick up with usual anticipation for the next quarters results. Then we wait for the selldown.

[robbo24]

Starting to wonder how the cashburn rate is going and how in the holy hell they are going to raise more money on market if they've alienated the entirety of the NZX and can't list on the ASX? I see April came and went with no Asian expansion news and the ASX thing hasn't been mentioned at all since...

Question: How many metaphors can you fit into one image?

Answer: This many.

5773

[nextbigthing]

Brilliant Robbo. Your best yet. However I do feel it needs a pile of cash somewhere eg raining from the sky, burning, or stuffed in Dereks pockets etc. You must be a graphic designer and if not, you should be.

NBT

[robbo24]

Brilliant Robbo. Your best yet. However I do feel it needs a pile of cash somewhere eg raining from the sky, burning, or stuffed in Dereks pockets etc. You must be a graphic designer and if not, you should be.

NBT

Reminds me of the Snakk Business model:

5775

[Balance]

One is allowed to be enlightened and change their view accordingly in this weird, weird world are they not?

Absolutely. That is the essence of human progress.

But remember this - No one makes the same mistake twice. The second is a choice.

[Harvey Specter]

New post on NBR behind the paywall titled
Derek Handley on Snakk's possible ASX listing and NZX's growth market.I assume they did an interview while he was there for the AMA as those topics were covered.

Dont have access so dont know if there is anything interesting to pump up the shareprice ;)

[Cobber]

New post on NBR behind the paywall titled I assume they did an interview while he was there for the AMA as those topics were covered.

Dont have access so dont know if there is anything interesting to pump up the shareprice ;)

I doubt there is anything significant in there, otherwise he would have to disclose the information to the market via the NZAX under the Continuous Disclosure rules.

Releasing market sensitive information behind a paywall is a big no-no.

[Cobber]

5777

Saw the NBR article the other day - had to respond.

While you're sitting there laughing at this, Derek is sitting somewhere thinking...

"Arrr yes, but all 'Men' started off life as a baby. Jokes on you."

[Cobber]

Yes, I am sure he has no sense of humour, particularly about himself.

If it's a joke using PostIt notes, he might be up for a giggle. He loves his PostIt notes. I'm told he walked around with a PostIt on his forehead for a day that said "What's my number?".

[robbo24]

If it's a joke using PostIt notes, he might be up for a giggle. He loves his PostIt notes. I'm told he walked around with a PostIt on his forehead for a day that said "What's my number?".

It's true

5779

[Balance]

It's true

5779

You are incorrigible, Robbo24 ------


------- And We LOVE IT!

:D

[robbo24]

You are incorrigible, Robbo24

I had to look up what that means but yes, you are right.

[blah]

New post on NBR behind the paywall titled I assume they did an interview while he was there for the AMA as those topics were covered.

Dont have access so dont know if there is anything interesting to pump up the shareprice ;)

Ok just read it. Nothing in there really. If anything, there might have a slightly negative touch in it.

It talks of Snakks talked-about ASX listing. About it, Handley notes that it is still being considered and "doesn't necessarily foreshadow moving it's head office across the Tasman". It goes on saying that Snakk will need to formulate some sort of plan and have a "capital strategy for Australia" if the move is to go ahead. He mentions there are a number of dual-listed companies that don't see any benefit from it. NBR notes that Metlifecare hasn't had a single trade on the ASX since dual-listing.

Handley mentions he supports NZX's new growth markets, but will await final rules and regulations before migrating Snakk to it. He goes on to praise the NZAX for its low compliance costs and helping Snakk raise its profile.

[Cobber]

LMAO, if MET doesn't even have a single trade since dual listing how in the holy hell does he think an ASX listing will help Snakk wgich is hardly even touched anymore on the NZAX?! He's made his bed here and now he can sleep in it thank you very much!

This also tells me Mr Handley pays a lot of attention to the stock market; warning bells yet again!

I think you will find he is using the example of MET as a reason why NOT to dual list.

Not the other way around.

[youngatheart]

EBO.ASX is another good example that a dual listing my have no effect.

[Balance]

LMAO, if MET doesn't even have a single trade since dual listing how in the holy hell does he think an ASX listing will help Snakk wgich is hardly even touched anymore on the NZAX?! He's made his bed here and now he can sleep in it thank you very much!

This also tells me Mr Handley pays a lot of attention to the stock market; warning bells yet again!

The ASX potential listing gave the sp a lift as the great unwashed piled in - and we know who sold after that.

[robbo24]

The ASX potential listing gave the sp a lift as the great unwashed piled in - and we know who sold after that.

Bingo. What's next on the crazy N-Sakk adventure?

[Harvey Specter]

I think you will find he is using the example of MET as a reason why NOT to dual list.

Not the other way around.To be fair to MET (and I may have this wrong) this was done prior to IFT/SuperFund buying in and it was expected Australian institutions would have taken up some of this shareholding. It will be interesting to see how long MET maintains it as it is just a waste of money now.

Re SNK - it would only make sense if they changed the focus, trying to get the main trading onto the ASX with the listing in NZ just for historical purposes. This would probably require some of the big shareholders not dumping small parcels onto the market but instead selling a reasonable amount to institutions to create liquidity over there. This obviously wont happen while institutions take the barge pole approach.

[youngatheart]

One would have thought it would make more sense to list on the NZX first rather than the ASX?!?

[Cobber]

One would have thought it would make more sense to list on the NZX first rather than the ASX?!?

Something like 90% of their revenue's come from AU, hence the ASX linkage.

[ari]

Something like 90% of their revenue's come from AU, hence the ASX linkage.

And only about 4 weeks away (last year was 6/6 and 83% increase) to find out Annual results for 2014. This could be make or break!

[Longhaul]

Hope I'm not feeding the trolls but Snakk got a mention in the Herald.co.nz today - link (http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11250352) (I think it was also in that awful capital markets liftout too).

Snakk Media


In April 2013 NZAX-listed Snakk Media went back to investors looking for $2 million of fresh capital. CEO Mark Ryan says the company had a large number of shareholders, but little liquidity so it offered shares at a 20 per cent discount and talked to its high net worth investors.


More than 1200 investors applied to take part and the company received a total of $7.5 million. Snakk scaled back the applications and found an additional $600,000 through a private placement to raise a total of $6.5 million.


Snakk was co-founded by Derek Handley of The Hyperfactory. In Ryan's words: "Snakk provides the plumbing to sell advertising across multiple mobile platforms". In effect it sells mobile advertising for larger organisations, taking a small fee each time an ad is served. It runs campaigns on social media services like Facebook and Twitter.


Ryan says Snakk has a strong balance sheet, is growing at 83 per cent year-on-year and advertising revenue is climbing faster than Facebook's or Twitter's. He jokes that at the current burn rate, money raised from investors will last until February 2021 so long as he maintains the status quo. However, that's not the plan. Some money will likely be used to fund the acquisition of another business or unique technology, but the bulk will be spent on expansion.


Snakk's business is mainly in Australia and NZ. Ryan says the next stage is Southeast Asia, with 80 to 130 million potential customers. He says they are substantially different to those in Australia and NZ because: "There's no such thing as a second screen. They do everything through mobiles. That makes them a very different advertising proposition".

[blackcap]

For all your sycophants out there:

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11246886

[Balance]

Very fitting that it is nestled in below Mega!

Yet another opportunity to put the hard questions to your ex-hero and ex-mentor is manning up again, this time in the NZ Herald :

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11246886

[ari]

[QUOTE


Ryan says Snakk has a strong balance sheet, is growing at 83 per cent year-on-year [/QUOTE]

So if that is the case we can look forward to 12mth revenue nearing $7million??????

[robbo24]

Handley is a functional excellentalist, his streamlined procedural rectification provides shareholders and customers with conceptual understandings of certainty in their dealings. Looking to what Handley calls "unbackward," Handley and Snakk will financially sail to the next exciting new opportunity provided that dispositional attention in the market environment is reduced.

Note: random piss take on plain English.

[Bilbo]

Yet another opportunity to put the hard questions to your ex-hero and ex-mentor is manning up again, this time in the NZ Herald :

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11246886

Just another opportunity for self promotion and pushing his "chief operator" PR thing. Wish he had spent as much time on SNK as he does on self promotion etc. I've learnt my lesson about investing based on the quality of the people involved in a start-up. Generally if they are a true start up they should all have their heads down beavering away on their product rather than grandstanding.

[Balance]

Handley is a functional excellentalist, his streamlined procedural rectification provides shareholders and customers with conceptual understandings of certainty in their dealings. Looking to what Handley calls "unbackward," Handley and Snakk will financially sail to the next exciting new opportunity provided that dispositional attention in the market environment is reduced.

Note: random piss take on plain English.

Wow - had my wee brains in reverse gear for a minute!

Good one, robbo24!

[Balance]

Was never my hero or mentor. My cousin who went over to Rwanda and did two years hard charity work digging wells, building schools and starting micro businesses is my hero, not some grandstander like Handley. My mentor was my father who taught me ethics and financial literacy, not someome like Handley who funnels wealth to himself while destroying his small shareholders.

Handley can go suck a lemon (in the nicest terms) for all I care. Not wasting anymore time on the hyppcrite.

You must have some great insights to share after spending the money and time to read his book?

Good opportunity to ask him how he is applying the lessons he learnt to Snakk?

[Longhaul]

So if that is the case we can look forward to 12mth revenue nearing $7million??????

Ari, my back of the envelope estimate from earlier this year was for close to $7m. That figure relied on them hitting $1.5m in the Jan-Mar period which is 60% more than Jan - Mar 2013.

[Longhaul]

Handley can go suck a lemon (in the nicest terms) for all I care. Not wasting anymore time on the hyppcrite.

Cmon moosie, you're starting to sound like Balance, i.e. an old broken record player.

[ari]

[QUOTE

As I have said before Ari - good company, s*** investment. Buyer beware![/QUOTE]
FEK......so what you are saying Moosie, I'm not going to see my triple rainbow :-)

[Cobber]

Ari, my back of the envelope estimate from earlier this year was for close to $7m. That figure relied on them hitting $1.5m in the Jan-Mar period which is 60% more than Jan - Mar 2013.

Based on my calculations I see them hitting $7 mill as well. Which is a good thing.

Unfortunately its starting to feel like the negativity surrounding Derek Handley is beginning to hurt the company.

Snakk seriously needs to start developing a personality of their own. We're not investing in Derek handley, we're investing in the day to day team lead by Mark Ryan. I'm only interested in hearing what they have to say.

[Balance]

Based on my calculations I see them hitting $7 mill as well. Which is a good thing.

Unfortunately its starting to feel like the negativity surrounding Derek Handley is beginning to hurt the company.

Snakk seriously needs to start developing a personality of their own. We're not investing in Derek handley, we're investing in the day to day team lead by Mark Ryan. I'm only interested in hearing what they have to say.

How do you reconcile the rah rah announcements from Snakk (Mark Ryan) and the seemingly co-ordinated sell down of shares?

Like a snake twisted around a twig.

[Cobber]

[QUOTE


Ryan says Snakk has a strong balance sheet, is growing at 83 per cent year-on-year

So if that is the case we can look forward to 12mth revenue nearing $7million??????[/QUOTE]

Can Snakk beat these estimates :

http://www.edisoninvestmentresearch.com/research/company/snakk-media

[Balance]

So if that is the case we can look forward to 12mth revenue nearing $7million??????

Can Snakk beat these estimates :

http://www.edisoninvestmentresearch.com/research/company/snakk-media

Margins? Profitability? Cash flow?

Revenue growth for growth's sake is the corporate philosophy of a cancer cell. Just ask WDT and Rakon and Plus SMS.

[Cobber]

How do you reconcile the rah rah announcements from Snakk (Mark Ryan) and the seemingly co-ordinated sell down of shares?

Like a snake twisted around a twig.

rah rah announcements?? the only announcements he makes are the quarterly revenue's. what's wrong with that?

[Cobber]

Margins? Profitability? Cash flow?

Revenue growth for growth's sake is the corporate philosophy of a cancer cell. Just ask WDT and Rakon and Plus SMS.

Yes yes and all of those Balance. Don't worry, you're not an investor in Snakk so you have nothing to worry about.

You just keep the sh*t bagging game going.... you're good at it.

[Balance]

rah rah announcements?? the only announcements he makes are the quarterly revenue's. what's wrong with that?

Try explaining this :

"so myself and the Board see this milestone as a positive outcome for the business and for the Snakk share price.

As a result we have acquired a far greater spread of new investors, with the vast majority of our shareholders understand the long-term view of investing in a company that is operating in a high-growth market. "

https://www.nzx.com/companies/SNK/announcements/246640

[Cobber]

Try explaining this :

"so myself and the Board see this milestone as a positive outcome for the business and for the Snakk share price.

As a result we have acquired a far greater spread of new investors, with the vast majority of our shareholders understand the long-term view of investing in a company that is operating in a high-growth market. "

https://www.nzx.com/companies/SNK/announcements/246640

As a shareholder I appreciate the update. Great to hear they have had a million dollar month. I look forward to when we get 12 of them in a row.

[Balance]

As a shareholder I appreciate the update. Great to hear they have had a million dollar month. I look forward to when we get 12 of them in a row.

Strange a CEO will comment on shareholdings to give a positive spin - and to be followed by more selling.

You may choose to be fooled, Cobber - please just don't assume the same of others.

[Cobber]

Strange a CEO will comment on shareholdings to give a positive spin - and to be followed by more selling.

You may choose to be fooled, Cobber - please just don't assume the same of others.

So you have proof Mark Ryan is selling his Snakk shares?

[Cobber]

This apparent stopping of large shareholders offloading (a massive issue to begin with) was followed by a price spike... and massive downselling! In addition, extra options were converted at an extremely low price by another insider... which led to more selling.

Hence why it may be a great company, but its a damn horrible investment with sharks everywhere. You don't stand a chance in this pond...

Thanks for the warning Moosie... but I'm happy to be in the game fella.

[Cobber]

Handley, his brothers, his family, Sorenson, Seadragon, HPF investments and other insiders have all sold massive chunks. Hmmmm....

That's what you do on a sharemarket. Buy and sell shares.

Look I get your point.... we know why Seadragon sold, Sorenson getting out is actually a good thing and its my belief Handleys friends & family sold because they lost money on Hyperfactory deal.

Handley himself has 262 million shares of which 5 millionish went to this venture for a right hand man.... and he sold 1.6 million on the open market.

I hardly call that a big sell down.

You have opted not to buy in. Great. Only time will tell you if you made the right decision or not. But considering you have no Snakk shares.... I'm not even sure why you care??

[Longhaul]

You have opted not to buy in. Great. Only time will tell you if you made the right decision or not. But considering you have no Snakk shares.... I'm not even sure why you care??

I believe Moosie opted to sell out and was a little disillusioned by the adventure. Each to their own.

[Cobber]

I believe Moosie opted to sell out and was a little disillusioned by the adventure. Each to their own.

Personally I don't like mushrooms. But I don't stand next to the mushroom farm everyday yelling at the farmer his product is sh*t.

That's when you start to become a troll.

[Balance]

Personally I don't like mushrooms. But I don't stand next to the mushroom farm everyday yelling at the farmer his product is sh*t.

That's when you start to become a troll.

Bad analogy - mushrooms do not take money from people via hyped up PR.

More like Moose knows a river is deep and treacherous and is standing on the riverbank yelling for everyone to be careful.

[Balance]

Get a load of his 'simple English' :

Derek Handley
May 9 2014 12:46 PM
What is the biggest and most valuable lesson you have learnt from listing Snakk?

May 9 2014 12:48 PM
The theory behind listing Snakk was that we could use the market to raise the size of capital raising that is almost impossible to get in New Zealand - that amount between $2-5m. In the US that is normally called an A, or maybe a B round. We only have one venture fund really in NZ that is interested and capable of investing in high growth companies at that level. So to prove that you could do it via the NZX was very good - it has inspired me to do it over and over with similarly positioned companies. Secondly, it was about the process of pulling together a great team, a tiny but fantastic board with none of the 'usual' suspects on it, and just trying to do things a little differently.

[Xerof]

But there is only going to be one song in his repetoire, and you've already heard it. Surely you wouldn't attend his next gig?


although wouldn't mind being part of his backing group :D

[Harvey Specter]

Get a load of his 'simple English' : Love or hate they guy, I actually thought this AMA was pretty slick.

He answers were quick (within a few minutes of the questions) and in the most part answered the questions. Much better than his performance on The Paul Henry show (where he just sat there looking smug) and the NBR AMA where he had more time to view the questions, yet the responses were worse.

Note: I understand the answer to that question perfectly, though it does look to be borrowed from Rod Drury's common answer to the same question.

[Cobber]

Issue more 0.5 cent shares over and over and over and over again in multiple companies, list, then sell down for huge profits. Don't worry about the actual company, you have other "jobs" as back up.

Kind of like wash, rinse, hang, repeat.

Great gig he's got going eh? And you'll be the one paying for that lifestyle!!!


But the actual company seems to be doing quite well.

[Cobber]

Besides my point there Cobber...

Yeah noted thanks Moosie.

I'm looking forward to year end results in about a months time. Snakk is definately growing...

[Copper]

Balance and Moosie,do you have a thing going as out of nowhere you both appear at the same time to rant about the same things I thought you had both given up on months back.You are not advising new shareholders about the problems of buying into this stock as there has not been enough turnover to produce any.
I have recently done some of my own research as you would want us to do and I feel in my own mind that the Company is doing quite well.I hope Cobber is right per his earlier post.

[Cobber]

Balance and Moosie,do you have a thing going as out of nowhere you both appear at the same time to rant about the same things I thought you had both given up on months back.You are not advising new shareholders about the problems of buying into this stock as there has not been enough turnover to produce any.
I have recently done some of my own research as you would want us to do and I feel in my own mind that the Company is doing quite well.I hope Cobber is right per his earlier post.

My theory is they were either burnt in a previous life by Derek Handley or that they are simply trying to drive the share price down at which point they buy in.... the stock goes up as the quarter is about to be announced.... (you don't see any posts by those guys at this point).... earnings are announced.... they sell.... and then the whinging starts all over again.

They have always said they don't own the stock. So why waste your time caring about other people and their investing habits??

Why stop at Snakk investors?? I don't see them on many other boards trying to save investors from say investing in DNZ (worst performer on NZX50). Why is it this 1 particular stock do they invest so much of their time??

Its a conspiracy in itself.

[Balance]

Yeah noted thanks Moosie.

I'm looking forward to year end results in about a months time. Snakk is definately growing...

Yes, growing just like WDT, Rakon and Plus SMS grew and grew.

Watch for the capital raisings to come - to fund unprofitable growth.

[axe]

Bollinger bands contracting.
Will the next break be up or down? :)

Interesting four weeks ahead until next announcement.

[Balance]

Axe, if you insist on buying right now, for the sake of your financial health please sell as soon as you make any sort of profit (if possible)...

Too late, he bought in December 2013 and wondering why the Bollinger champagne is being drank by others who sold to him.

[axe]

Axe, if you insist on buying right now, for the sake of your financial health please sell as soon as you make any sort of profit (if possible)...


My post didn't saying anything about buying now, it said it would be an interesting 4 weeks. It can potentially move either way.

[winner69]

Always wondered who our friend Smokin Cubans was - now I know it really was Derek

His tweet (and twitter don't put stars in bad words)

@dgh:
****it. I think I'm gonna smoke a Cuban cigar for Mother's Day. pretty sure it was @axlrose who said "smoke em if you gottem"

[robbo24]

5809

Derek is so multifaceted!

http://en.wikipedia.org/wiki/Hopak

[ari]

Yep, got this feeling he's dancing all over us, and dem not sand shoes!

[see weed]

"Snakk Q4 Revenues Date & Full Group Results".....Sounds like advertisement for a scarey movie. I wonder if they chose that date for a reason?:confused:

[Copper]

"Snakk Q4 Revenues Date & Full Group Results".....Sounds like advertisement for a scarey movie. I wonder if they chose that date for a reason?:confused:

I see in Wikipedia that fear of Friday 13th is. " Friggatriskaidekaphobia " They may all think they are immortal and can't catch it.....

[sommelier]

They are no doubt going to post 50-80% revenue growth. The question is, will anyone care?

[Copper]

If they post a $1M profit and 70% margins, sure they will! (Hand me another tui).

There are sharks still waiting in the wings. Will be interesting to see if there is a ramp up before hand as sellersmysteriously disappear. They do keep getting shorter and shorter though (last one was 2 days long before getting absolutely slammed).

Buyer beware!

There has been a seller of half mill who lowers the price a little but apart from that ,very quiet.If Derek etc are visiting the cosmos then we may enter a normal market.They are apparently doing very well.Posters on this site are but a very small part of the shareholders if at all so won't have much sway.IMHO...

[Cobber]

Haven't seen those shareholders backing the truck up at the 33% discount on the SPP, nor at the 12% discount to the "fair price" SEA sold out at. They realise doing so is flushing money down the toilet and have probably already consigned the shares they own to the bottom drawer until lord knows what time. Wealth destruction of tge majority for the gain of the minority at its finest right here.

Right on cue. The day traders are back.

[sommelier]

Sorry Cobber, what do you mean by 'day traders' in this instance? Are you referring to that $2000 order pre-open?

[J R Ewing]

Sorry Cobber, what do you mean by 'day traders' in this instance? Are you referring to that $2000 order pre-open?

My guess is that he is just trying to discredit Moosie's post by saying it is the perspective of a day trader rather than one of the silent majority of loyal shareholders who are happy with Snakk and looking forward to the future (but as Moosie points out - not topping up their holdings just now).

[Balance]

Only 300,000 shares between "normalcy" and disaster here. Someone is keen at 2 cents though! I may put in a cheeky bid @ 0.5 cents... for 1 whole share :)

Ah, Moose, you are discounting the persuasive powers of DGH when the results get announced!

That's when the sp will rocket to at least 15c.























Just in time for him and his fellow feathered pals to unleash more 'sought after' snakes into the market?

[Copper]

The ducks have been slaughtered Balance, and all the others beat a hasty retreat. Only thing happening now is horse trading between Handleys mates.

Here you go.You and Balance always arrive at the same time. I recall you saying several times you had had enough of this site.You are an addict to Handleys sway....

[Balance]

Here you go.You and Balance always arrive at the same time. I recall you saying several times you had had enough of this site.You are an addict to Handleys sway....

Copper - you should be thankful that Moose bothers to keep an eye on Snakk.

Experience is the best teacher and Moose is sharing his real life investing and evaluation experience with Snakk.

I have to state on the record that we have yet to see you share any insight or experience on the company in all your postings - what have you actually learn from investing in this company?

[Copper]

Copper - you should be thankful that Moose bothers to keep an eye on Snakk.

Experience is the best teacher and Moose is sharing his real life investing and evaluation experience with Snakk.

I have to state on the record that we have yet to see you share any insight or experience on the company in all your postings - what have you actually learn from investing in this company?

Balance ,points noted.Whether I have learnt anything by investing in this Company is not my main objective.It is but one aspect.I have been around perhaps longer than you and Snakk is but one episode in the scenario.I have taken on board your comments and a lot are extremely good. Moose has some very good comments also.They just add to the whole picture.As to whether I have learned anything then perhaps I have .Mainly about some of the personnel .I think a lot of people have also.As for experience of the Company and posting my insight ,that is only given from time to time when I try and make a comment pertinent to the discussion.Conversely if that's the word,you and Moose can only concentrate on attacking the Company and shareholder personnel.I have at least contacted the Company,talked to some connected people and made my own decisions.You might call it research.I doubt very much whether you are in contact with the Company and as you inferred earlier you weren't too sure what in fact they did.
I hope we can keep up the dialogue but at times the present gets all tangled up in the past.
Kind regards.....

[Balance]

Conversely if that's the word,you and Moose can only concentrate on attacking the Company and shareholder personnel.I have at least contacted the Company,talked to some connected people and made my own decisions.

Moose not only contacted the company, he had a direct line from the company. That's how insightful his interactions were (yes, were).

[Cobber]

Moose not only contacted the company, he had a direct line from the company. That's how insightful his interactions were (yes, were).

Are you sure Moose isn't sitting next to you?? Or maybe he is the left side of your brain and Balance is the right.

Something about the 2 of you (or 1) doesn't add up. I feel like I'm watching a replay of that old movie Cable Guy crossed with Groundhog Day.

(Maybe throw in a bit of Crocodile Dundee to go with all your snake references).

[sommelier]

Cobber you may want to just read through earlier parts of the thread. Pretty sure that actually Moosie and Balance and Sparky and Cobber are ALL DEREK HANDLEY!!!

[J R Ewing]

Cobber you may want to just read through earlier parts of the thread. Pretty sure that actually Moosie and Balance and Sparky and Cobber are ALL DEREK HANDLEY!!!

I think it is Copper not Cobber who is Derek!

[Copper]

I think it is Copper not Cobber who is Derek!
Good god I've been called some things but I can assure you I ain't Derek.Dont even like the name personally .This thread is getting a bit of comedy back in it which is a good thing.

[robbo24]

Be careful what you accuse moosie of.

He gets pretty agro after drinking a few too many Tinto de Veranos...

[Copper]

Be careful what you accuse moosie of.

He gets pretty agro after drinking a few too many Tinto de Veranos...
That's an interesting drink.Does the lemonade or fanta fizz raise the potency level???

[robbo24]

That's an interesting drink.Does the lemonade or fanta fizz raise the potency level???

Put it in a tumbler with a big block of ice and you will be pleasantly surprised.

[Copper]

Put it in a tumbler with a big block of ice and you will be pleasantly surprised.
Many tks...Balance asked earlier in the day whether I have learned anything from this Company.I can say the thread has produced a new drink today and some time back I received two wonderful ways to cook venison.So yes I have learned things indirectly. Cheers...

[robbo24]

Don't you swear at me in faux Spanish!!!

Use Schweppes, not fanta.

[Copper]

copper talking about venison I have just eaten rump steak off a weaner red stag, medium rare,holy smoke unbelievebly delicious. I am in heaven.
One can only imagine the wonderful experience. Venison has not become a common meat to the great unwashed but just enjoy .I still have a bit in the freezer and will think of you as I cook it.kind regards
Copper......

[Cobber]

Good god I've been called some things but I can assure you I ain't Derek.Dont even like the name personally .This thread is getting a bit of comedy back in it which is a good thing.

I have to agree about the name Derek. All Derek's I have ever known have always seemed to be a bit odd. My suspicions were confirmed when Ricky Gervais named his new show Derek. Check out the trailer :
https://www.youtube.com/watch?v=N3UvuoCFDcs

[blackcap]

Back to "on-topic", was what I saw on Friday afternoon a bit of "reverse" window dressing?

[Copper]

Back to "on-topic", was what I saw on Friday afternoon a bit of "reverse" window dressing?
Just a broker tidying up an order.Wouldn't have had a clue what they were worth of what the company did.Nearing going home time.IMHO.

[Copper]

Obviously the medium rare venison and a few glasses of Tinto de Veranos with ice , has done wonders for the share price on this nice autumn day....

[Copper]

That's the most ridiculously thin volume I've seen in quite awhile. Looks like duck ramping season has started early this quarter. Still a month to go until the propaganda is released though.
At least it's not like AHZ ,SHP and MBE....they are acting like mining stocks on a selling binge.

[Copper]

And here comes the ramp up. Mysterious how those sellers have all disappeared on no news eh?

Don't know who the sellers might have been but there was a person with several hundred thou the other day.Both you and I would pull off selling noticing some support.

[jonu]

Is the Moose back in?:)

[blocker3]

Here comes the 12c charge up to the quarterly announcement..

[Copper]

I can guarantee you this will play out exactly like the last run up to the quarterly; a long-period sell down after the quarterly comes out, base support is found (8 cents here) where people are unwilling to take further losses (and others are told to stop selling via backroom meetings), a "mysterious" disappearing act by sellers followed by a ramp up on thinnest of volumes, followed by another sell down after the quarterly released and everyone is hyped up. I call it "The Handley Reverse Incline Duck-Duck-Goose Technique".

Problem is a) everyone knows what is going on and is staying well away and b) because of this, it is merely Handleys friends horse-trading amongst themselves (take a look at the latest SH list - ask Balance).

History never repeats eh? ;)
I have kept a close eye on the Snakk market lately and took special notice of the larger sellers.They may have been some of the bigger guys letting some go but they were very careful on their prices.The sale at 80 I described the other day here.On this occasion despite what may eventuate later all I can say is a lot of your post is totally incorrect factually.

[see weed]

So somebody bought $800 or $900 of snakk @ .10c and pushed the sp up 10% odd. Woopy doo salad dressing.

[whatsup]

Here comes the 12c charge up to the quarterly announcement..

MBE ann out in Aust this obviously pushed up SNN this morning.

[blocker3]

If we all had steel balls we could all ride the train up to 12c.If there was enough of us it may reach 13c before the quarterly anouncement

[Copper]

If we all had steel balls we could all ride the train up to 12c.If there was enough of us it may reach 13c before the quarterly anouncement
Hope it does get to 13 cents .A rise of about one cent plus today and you would have thought the world had changed.No one seems to have heard about a recovery from a low point.

[see weed]

Hope it does get to 13 cents .A rise of about one cent plus today and you would have thought the world had changed.No one seems to have heard about a recovery from a low point.

It is still woopy salad dressing

[sommelier]

If my steel balls make it to 13c I am OUT. I imagine anyone who bought in the 9-13 range is the same. Sick of this terrible investment. They need some news that fundamentally changes our perception of the stakeholders. We take on enough risk with speculative high risk investments as it is, nevermind having to take a punt on the balls of the ball-less cornerstone investors.

[blocker3]

If my steel balls make it to 13c I am OUT. I imagine anyone who bought in the 9-13 range is the same. Sick of this terrible investment. They need some news that fundamentally changes our perception of the stakeholders. We take on enough risk with speculative high risk investments as it is, nevermind having to take a punt on the balls of the ball-less cornerstone investors.

Great sum up sommelier

[blocker3]

Interesting anouncement this morning by Mark Ryan.

[robbo24]

Lol... CLASSIC SNK right there. They even labelled their mumbo jumbo ballcock as "Price Sensitive."

I hope the Handley Tax Write Off While Still Controlling Capital Foundation gets some good mileage from it.

[Harvey Specter]

Interesting anouncement this morning by Mark Ryan.A bit weird to make such an announcement so close to a known event. They dont appear to be material.

They have made investments in the following two companies:

http://www.crunchbase.com/organization/moasis-global
http://www.crunchbase.com/organization/plyfe

[Dentie]

Interesting anouncement this morning by Mark Ryan.

Yeah, not surprised...especially with the incessant adverts on my phone - being bombarded!

Don't worry though Blocker, Balance et al will be on here shortly to fire them down ...

[blocker3]

Yeah, not surprised...especially with the incessant adverts on my phone - being bombarded!

Don't worry though Blocker, Balance et al will be on here shortly to fire them down ...

But Dentie Duck shooting season is over and Balance is late

[blah]

Anyone read the latest newsletter? Appears cashburn isn't fast enough so now they're pumping (most likely the SPP) money into other companies!

sounds like you're bitter - Snakk has always said (and you know that) that SPP money will go into an Asian expansion and perhaps an acquisition of sorts. While a minority investment is not really an acquisition in the true sense, it's close enough.

[Copper]

looks like the PEB. Thread has got boring.....

[blocker3]

looks like the PEB. Thread has got boring.....

OMG the rubbish postings are now on the way over here:scared:

[ari]

It's doing the trick! Shares up!

[ziggy]

[QUOTE=robbo24;482636]Lol... CLASSIC SNK right there. They even labelled their mumbo jumbo ballcock as "Price Sensitive."


It was my understanding that it is not the company that makes a notice 'price sensitive' it is the NZX. Can someone please clarify this point. Thanks

[Dentie]

It's doing the trick! Shares up!

Sshhhh Ari ..... don't tell everyone...they'll be back on here bashing them down again:t_down:

[Copper]

Sshhhh Ari ..... don't tell everyone...they'll be back on here bashing them down again:t_down:

This post will bring Balance back......I read the announcements and thought they were to the point and I thought very encouraging .Also it was in understandable English and not Robbo's mumbo jumbo ballcock....

[blocker3]

This post will bring Balance back......I read the announcements and thought they were to the point and I thought very encouraging .Also it was in understandable English and not Robbo's mumbo jumbo ballcock....

Yes I agree,Mark Ryan is a switched on man

[Cobber]

That's like me saying to you "give me $10 and I will go and get you a 5 course Degustation made by Ramsey himself", then popping down to the local shop, buying a $2.50 Top Up pie and putting the other $7.50 on the horses... and losing.

Then robbing you (because the sp has tanked since the SPP!).

Yup, real bitter almonds here! :D

Precise location aware advert targeting is going to be big. Snakk needed to secure these rights. Their only real competition in this area is iBeacons - but they require the user to have an app installed on their phone. I'm trialling iBeacons now... but will be very interested in seeing how Snakk's technology performs.

Moosie, maybe you could talk about the industry instead of trying to come up with "strange" analogies that really mean nothing.

You talk about share prices tanking, but they have tanked across the board for most technology companies - SLI is down almost $1, GEO down almost $2, TradeMe is down, VML is down... blah blah blah.

[boofters]

Yes I agree,Mark Ryan is a switched on man

As a holder I am very encouraged by this approach. It seems like they understand the complex domain they are in and are performing mulitple safe to fail experiments with these 2 investments. Happy to hold and buy more post , what one can asusme will be underwhelming YOY growth for last qtr.

[Longhaul]

Happy to hold and buy more post , what one can asusme will be underwhelming YOY growth for last qtr.

I am also wondering what "strong year on year growth" equates to. I have been expecting them to crack $7m revenue for the full year, which requires revenues of $1.7m in the Jan - Mar quarter (up from $980,000 the year before).

My revenue figures:
2011/2012 - $1,992,000
2012/2013 - $3,654,000
2013/2014 - $7,000,000? ($7m revenue will be approx 90% YOY growth.)

Anyone else willing to correct my figures or share their thoughts?

[Copper]

I am also wondering what "strong year on year growth" equates to. I have been expecting them to crack $7m revenue for the full year, which requires revenues of $1.7m in the Jan - Mar quarter (up from $980,000 the year before).

My revenue figures:
2011/2012 - $1,992,000
2012/2013 - $3,654,000
2013/2014 - $7,000,000? ($7m revenue will be approx 90% YOY growth.)

Anyone else willing to correct my figures or share their thoughts?

All I know is that they appear to be very busy and confident.whether that translates to cash in the till this quarter may be a different thing.I have no problem that the revenue will appear near term and not the never,never.......

[Copper]

[QUOTE=robbo24;482636]Lol... CLASSIC SNK right there. They even labelled their mumbo jumbo ballcock as "Price Sensitive."


It was my understanding that it is not the company that makes a notice 'price sensitive' it is the NZX. Can someone please clarify this point. Thanks

I am not acquainted with the rules but certain percentage asset sales or investments come under the umbrella.Also any references as to profitability .Expansion into Asia and investments all be it small in startups may be deemed sensitive.Just a few thoughts.

[Cobber]

I am also wondering what "strong year on year growth" equates to. I have been expecting them to crack $7m revenue for the full year, which requires revenues of $1.7m in the Jan - Mar quarter (up from $980,000 the year before).

My revenue figures:
2011/2012 - $1,992,000
2012/2013 - $3,654,000
2013/2014 - $7,000,000? ($7m revenue will be approx 90% YOY growth.)

Anyone else willing to correct my figures or share their thoughts?

Yep I have $7mill down for year ending too.

I actually made up my own growth chart for the next 2 years.... I'm looking for growth of $10 million + for 2015 financial year and $14 million for 2016.

As information starts to come through about Asia strategy, those numbers could grow a lot quicker.

[Cobber]

[QUOTE=ziggy;482660]

I am not acquainted with the rules but certain percentage asset sales or investments come under the umbrella.Also any references as to profitability .Expansion into Asia and investments all be it small in startups may be deemed sensitive.Just a few thoughts.

As an investor, I want to know this kind of information... why would you NOT communicate it??

[Harvey Specter]

As an investor, I want to know this kind of information... why would you NOT communicate it??It is more the way they did it. If they were disclosing investments, why didn't they do it separately once completed, and why do they appear below a 'market update'. if they have been sitting on info, why not keep sitting on it till 13 June.

All in all, more info, more often is better but the combination of info, and timing just seems weird.

[Copper]

[QUOTE=Cobber;482686]It is more the way they did it. If they were disclosing investments, why didn't they do it separately once completed, and why do they appear below a 'market update'. if they have been sitting on info, why not keep sitting on it till 13 June.

All in all, more info, more often is better but the combination of info, and timing just seems weird.
It's a May update doesn't seem unusual to issue it in May.....IMHO ...

[Copper]

[QUOTE=Harvey Specter;482691]

"Build it and they will come" (the ducks that is).

History teaches us to buy a month or so before hand then sell down on the day before or day of the quarterly. I expect no different here as Tigers (sorry PT!) never change their stripes.

One Inverted Handley Double Twist McDuck manoeuvre coming right up!

Moosie....you've caught that Handley Snakk allergy for the fourth or fifth time.We have all been immunised against it and all the shortcomings.Where's Balance,is his computer being charged?..

[boofters]

Moosie....you've caught that Handley Snakk allergy for the fourth or fifth time.We have all been immunised against it and all the shortcomings.Where's Balance,is his computer being charged?..


Be aware Copper ! the last time I had a chew at the Balance bone , I got "idiot" on my profile , I took that as a complement ..cheers Balance!

[Cobber]

[QUOTE=Cobber;482686]It is more the way they did it. If they were disclosing investments, why didn't they do it separately once completed, and why do they appear below a 'market update'. if they have been sitting on info, why not keep sitting on it till 13 June.

All in all, more info, more often is better but the combination of info, and timing just seems weird.

Maybe because the availability of this new technology is available to their NZ clients in the next week or so.

Why would you wait an entire month to make this announcement when agencies can start integrating it into their media plans now??

I mean are you guys getting so nit picky that your at arguing over the wording of the actual announcement now??

Be honest, this company is never going to be your flavour of the month... so why not just let active investors discuss the company without having to be bombarded by non-investors who have an alternative agenda to simply discredit anything Snakk does to the nth degree??

[robbo24]

Snapiti called out PEB for a similar style of announcement yesterday.

Snapiti says that companies release these types of announcements prior to sales results, to soften the blow.

By the reasoning of Snapiti, prepare to be disappointed.

Sorry guys.

[Cobber]

Got to admit that SNK is starting to run into VML's territory here with the implementation of Moasis for its ads...

Problem with VML is that they use iBeacons to achieve those objectives. iBeacons require the user to have that companies app installed on the users phone. So the company now also has to invest in app development, an advertising campaign encouraging people to download the app.... and then they can target the user in a 70 metre radius of the iBeacon.

Now that's a powerful communication channel, however, Snakk is saying we can do the same thing.... but without the above investment.

Of course iBeacons have other advantages over the pure advertising model (ie you don't have to be using your phone to see iBeacon message). From my point of view... Snakk gives you short term advantages in finding those customers, while VML is a long term strategy play.

Problem for VML is that agencies can set-up iBeacons for their clients quite easily in-house. I just bought 3 online for $100. It's highly commoditised.

[Copper]

Snapiti called out PEB for a similar style of announcement yesterday.

Snapiti says that companies release these types of announcements prior to sales results, to soften the blow.

By the reasoning of Snapiti, prepare to be disappointed.

Sorry guys.
Good call but as you know Snapiti is glad to be alive after the tirade he received yesterday from all the posters.Here one has tended to build up an immunity to unsavoury announcements and the like .It will be interesting as to what the two Companies results will be.At least here I won't be subject to twenty pages of clinical analysis hopefully. Cheers

[Longhaul]

iBeacons require the user to have that companies app installed on the users phone.

Urgh, sounds horrible. Trying to get users to install a company's app that they might use once and then delete when they start getting spammed by messages is a fool's game in most situations.

"Hey mister customer, install this poorly developed, bloated app so you can find our stores and check our menu (something a simple website can do) and let us track you where ever you go, then message your ass when you're in sniffing distance of our stores. You'll wonder how you ever lived with out it!"

Disc - online marketing is my day job.

[Harvey Specter]

It's a May update doesn't seem unusual to issue it in May.....IMHO ...YOu make it sound like they do a monthly update, yet the only other ones Jan and Feb and Nov 2013.

Note: Apologies to all for stuffing up the quote in my post above, which has effected everyone elses quotes - I was getting very annoyed until I realised it was my fault.

[Copper]

[QUOTE=Harvey Specter;482728]YOu make it sound like they do a monthly update, yet the only other ones Jan and Feb and Nov 2013.

Note: Apologies to all for stuffing up the quote in my post above, which has effected everyone elses quotes - I was getting very annoyed until I realised it was my fault.[/QUOTE
Sorry if I gave that impression that they had monthly updates.That didn't enter my head when I was just stating that May wAs this month so what was so wrong??

[Cobber]

Urgh, sounds horrible. Trying to get users to install a company's app that they might use once and then delete when they start getting spammed by messages is a fool's game in most situations.

"Hey mister customer, install this poorly developed, bloated app so you can find our stores and check our menu (something a simple website can do) and let us track you where ever you go, then message your ass when you're in sniffing distance of our stores. You'll wonder how you ever lived with out it!"

Disc - online marketing is my day job.

Yeah that is why VML overlay their voucher software into the app to try and give it "added value".

To be honest, this technology could be quite exciting once integrated with an Apple iWatch ;)

[Copper]

hell yeah what a mauling.... some people only like to hear what they want to hear.
There are some very sensitive posters on the PEB thread.
Many have to much money in the company and many are sitting on big losses too. Many are real nervous about the coming results and they should be.
Good to see you Snapiti...Hope you have recovered.Its a world of their own over at PEB.Here we have had a good turnover day where the odd big seller is actually being taken out with no crash in site.You no doubt have read the announcements.I read them again and they really are quite interesting.Sound great to a layperson like me.cheers

[silverblizzard888]

From what I gather from this announcement, I'd say it really opens doors for Snakk. Never mind the investment they have made, which mind you is great if those companies ever hit pace and grow substantially, but gaining access to the exclusive technology definitely gives Snakk an advantage over its competitors and better selling points to their clients.

I also noticed they put this up http://www.hapticgeneration.com.au/aussie-snack-brands-seek-mobile-startups-for-trials/

I assume Snakk qualify as a startup for the Aussie Snack Brands seek Mobile Startups for trials (http://www.hapticgeneration.com.au/aussie-snack-brands-seek-mobile-startups-for-trials/), the Australian Mobile Futures Initiative is interested in startups with a focus on:
§ Proximity, beacons and alerts
§ ?Mobile payments and checkout
§ Dynamic shopping lists and social shopping
§ ?Loyalty, rewards and gamification
§ ?Augmented reality and interactive displays
§ Inventory auditing and optimisation

Moasis Global will give Snakk the advantage for - Proximity, beacons and alerts

Plyfe technology offer - Loyalty, rewards and gamification

I assume with the rest of the mobile payments, shopping list, interative displays and inventory auditing they will have some skills and tech that they already use there. Some very smart moves by Snakk in my opinion.

[nextbigthing]

Great for the company, but question is how long can the sharks keep their fingers off the sell button?

As I have said before, a great company to do business with, but a w**** of an investment!

Moosie, it's just an idea and I'm the first to admit I know little about Snakk. But have you ever recently thought, the proof is in the numbers.... they can talk all they like but it's hard to continuously invent revenue. So if it's true that revenue is consistently growing and positive new deals are being signed, then maybe, just maybe, if profit follows, this is actually a reasonable investment. Who cares if the directors etc have been a bit marginal in the past and are selling out now, they wouldn't be the first directors to have had a venture go under! And if they want to sell out now to get some cash, fine, as long as they keep it on track (which at a glimpse it appears they're doing).

Let them sell out and hammer the shareprice down. If this makes it artificially lower than what it perhaps should be then, perhaps, it's a good opportunity.

Balance, Moose etc, no need to make silly comments about 'here comes another duck etc'. I appreciate your warnings about the company and all info is good. I know little of the industry and therefore stay away from investing in it. However I'm just trying to keep and open mind and provide some Moose. Whoops sorry, I mean Balance.

[silverblizzard888]

I'm with Nextbigthing, Snakk has constantly produced good numbers and as you say yourself Moosie, its a good business. If directors choose to sell, then yes its gonna lower price, but if anyone chooses to be in Snakk for the long term it shouldn't matter as long as value is being produced. A bit of Warren Buffett philosophy is that short term fluctuations shouldn't matter because in the long run if there is value the market will correct itself and Snakk will be worth its right value. Also Remember directors don't exactly run the business, of course they have some influence, but my view of the management is they know their stuff and are hard at work producing good value.

For anyone interested here is an interview with the General Manager of Snakk, questions asked by the interviewer really help those who don't understand Snakk too well.
http://billyelusiv.com/mobile-marketing-with-general-manager-of-snakk-media/

[winner69]

One thing for sure SNK outperforming MBE big time atbthebmoment

[nextbigthing]

Lets say it in the future it grows to an EPS of 50c. Obviously the selling at 10c would dry up as it's worth more hanging onto the share....

IF the numbers are stacking up there will be a point somewhere in the future where the selling will stop because the share is worth more to them to hang on to, and hence the price will appreciate accordingly with earnings. From what I'm lead to believe, the numbers are starting to show signs of stacking up and hence I'd be interested to know where that projected point is (which is sort of what I'm getting at).

Sure some people have had it rough for a year now, but as a smart cookie pointed out to me, it's not about the past, it's about the price in the future. Plus I don't fully buy the argument about, what if your money was elsewhere - unless you picked the best performing stock for the year and put 100% of your money into it then you have also failed by that logic. Hindsight is great.

Again IF fundamentals are starting to look good, it's perfect if other investors are 'tired'. IF the company starts earning good money then seize that as an opportunity while the price is down and wait for them to catch up!

Anyone following please DYOR. I haven't and therefore will not be investing in SNK in the future until I have. I'm merely trying to point out that it pays to have an open mind for the future if things are legitimately looking ok as this situation isn't going to continue forever (be it via boom or bust).

[Cobber]

Lets say it in the future it grows to an EPS of 50c. Obviously the selling at 10c would dry up as it's worth more hanging onto the share....

IF the numbers are stacking up there will be a point somewhere in the future where the selling will stop because the share is worth more to them to hang on to, and hence the price will appreciate accordingly with earnings. From what I'm lead to believe, the numbers are starting to show signs of stacking up and hence I'd be interested to know where that projected point is (which is sort of what I'm getting at).

Sure some people have had it rough for a year now, but as a smart cookie pointed out to me, it's not about the past, it's about the price in the future. Plus I don't fully buy the argument about, what if your money was elsewhere - unless you picked the best performing stock for the year and put 100% of your money into it then you have also failed by that logic. Hindsight is great.

Again IF fundamentals are starting to look good, it's perfect if other investors are 'tired'. IF the company starts earning good money then seize that as an opportunity while the price is down and wait for them to catch up!

Anyone following please DYOR. I haven't and therefore will not be investing in SNK in the future until I have. I'm merely trying to point out that it pays to have an open mind for the future if things are legitimately looking ok as this situation isn't going to continue forever (be it via boom or bust).

I agree with you. I have invested in the stock, but I didn't do it on the expectation of gains in 1 year. Technology stocks need the business to scale which takes time. They also need to play the waiting game as media budgets move from old world to new world.

If they execute on Asia.... turnover will increase exponentially more than what they have currently been achieving.

Rather than trying to second guess the SP, I prefer to look at the business. My expectation for a year from now is that Snakk releases results of turnover in the $12 - $16 million region (based on current NZD exchange rates).

If the NZD depreciates, turnover could potentially be 20% greater.

[nextbigthing]

Hit us with it Moosie

EDIT I see you have :) cheers

[Cobber]

Justo rehash... (posted 5 months ago)

Nice post Moose. Not sure how I missed it. Maybe Sharetrader needs to implement one of those Facebook "Post Boost" features so we don't miss the nuggets of gold that get lost amongst the duck talk. :)

[blocker3]

Moosie ,I see the graph of SNK as comparing with MBE and MKB on the ASX. However in comparison on that graph SNK is lagging 2 years behind and still now on the flat bit on the bottom. It is still on the runway so to speak and hasn't taking off yet. Pilot Mark Ryan will get this SNK plane off the ground. Time frame unknown.

My 2 cents worth

Cheers

[Copper]

To all those posters on page 324 ,Moosie,Silver,NBT and Cobber etc many tks ..A watershed and quite enlightening and sincere. ...We may hopefully be entering a new phase.....

[Copper]

Lordy lorde, never thought I'd hear that on the Snakk thread!

Yes Moosie there are times in battle when the smoke clears and we breath the fresh air.Its wonderful at the time and we can only hope it lasts....All the best.

[Cobber]

Moosie ,I see the graph of SNK as comparing with MBE and MKB on the ASX. However in comparison on that graph SNK is lagging 2 years behind and still now on the flat bit on the bottom. It is still on the runway so to speak and hasn't taking off yet. Pilot Mark Ryan will get this SNK plane off the ground. Time frame unknown.

My 2 cents worth

Cheers

Hey blocker, I don't suppose you have a link do you? Cheers

[Copper]

Here ya go chin waggers, chat on that!

5868
Many tks...Am I allowed to say it looks bullish at present or is that ramping prior to the announcement.

[blocker3]

Hey blocker, I don't suppose you have a link do you? Cheers

Hi Cobber

Best I can do is, if you enter the website http://www.asx.com.au (http://<font color=&quot;#0000cd&quot;>www.asx.com.au</font>)/

and enter MBE @ MKB . Then another screen will come up. On the left hand side under Charting enter the details and include a two year period.

I tried to Quick cam it onto here but it would not work.

Can anyone else help here with a graph?

Cheers

[Copper]

Hey blocker, I don't suppose you have a link do you? Cheers

I have Moosie's ANZ ssupercharts from ANZ and I seem to be able to get comparative charts for say Xero and MBE on same screen but Snakk seems to be a problem which I assume is not on the main boards .

[Copper]

I have Moosie's ANZ ssupercharts from ANZ and I seem to be able to get comparative charts for say Xero and MBE on same screen but Snakk seems to be a problem which I assume is not on the main boards .

Sorry folks I have Gone back to the chart and have to admit SNK was there all the time.It was so irrevelent at the bottom I did not notice it.

[Copper]

Just an observation. Quite a few hundred thousand have drifted through in last week or so and price has remained rather steady.Good sign if the sellers are getting taken.Anyone got the goss on what's happening at the Company other than very busy and optimistic.

[Cobber]

Just an observation. Quite a few hundred thousand have drifted through in last week or so and price has remained rather steady.Good sign if the sellers are getting taken.Anyone got the goss on what's happening at the Company other than very busy and optimistic.

Not much news from Snakk... but I had lunch with the managing director of one of Snakk's (semi) competitors who have been in the market a lot longer than Snakk. He divulged that in the NZ marketplace they are doing just under $1 million a qtr. I'm picking Snakk are doing approx $750,000 a year in NZ. So potentially a lot of room for growth.

I've also heard NZ office are looking for another salesperson to grow sales. Currently NZ only has 1 person locally who is flat out just servicing existing customers.

Interestingly, the chap I lunched with said their Asia operation is struggling in terms of growth... mind you their product is targeted at media on desktops, not smartphones & tablets. This might be good for Snakk considering they are taking a smartphone product into that region.

Looking forward to the results next week to get some perspective anyways.

[Copper]

Well some people are buying (and selling)...No one from this thread or we would have heard shouts and duck calls etc.One seller has quit 450k or so just today so that would ease the burden a little.....

[sharp]

Yup, nice bit of horse trading amongst Handy Handley's mates in big blocks today :)

You seem quiet irritant by SNK - one can only assume that it is a result of your big time loss(es) on SNK?

[Copper]

You seem quiet irritant by SNK - one can only assume that it is a result of your big time loss(es) on SNK?
Quiet there Sharp ...We may get a repeat of Moosie's post 4620....

[Copper]

Actually my trades on SNK resulted in pretty good gains!
Moosie just as an aside ,If you take out the ducks and all other of Balance's menagerie ,and ignore the share overhang,with a market cap of 26/27 mill, on increasing revenues,where does it sit in your analysts mind.....This is a theoretical question given the background. Cheers

[blackcap]

Moosie just as an aside ,If you take out the ducks and all other of Balance's menagerie ,and ignore the share overhang,with a market cap of 26/27 mill, on increasing revenues,where does it sit in your analysts mind.....This is a theoretical question given the background. Cheers

I too have thought along those lines with this stock Copper. And I know I am negative on the stock and have been, primarily because of the shenanigans surrounding founders and shareholders and funny announcements at funny times. But ignoring all that and commenting on your post I feel you leave out one vital variable. You talk about market cap of 26/27 mill, increasing revenues but the most important factor is profit and I do not see any yet. If and when it does come on a consistent basis I will consider this stock worthy of scrutiny. But before then its not for me. Although I do buy stocks that do not yet have a profit, I am too unsure that other distractions make this stock a worthwhile investment. Time will tell.

[Copper]

I too have thought along those lines with this stock Copper. And I know I am negative on the stock and have been, primarily because of the shenanigans surrounding founders and shareholders and funny announcements at funny times. But ignoring all that and commenting on your post I feel you leave out one vital variable. You talk about market cap of 26/27 mill, increasing revenues but the most important factor is profit and I do not see any yet. If and when it does come on a consistent basis I will consider this stock worthy of scrutiny. But before then its not for me. Although I do buy stocks that do not yet have a profit, I am too unsure that other distractions make this stock a worthwhile investment. Time will tell.
Blackcap good point.My understanding was that they made a small profit last time but as they have said they reinvest it or whatever.Probably more staff and investments etc.My thought was that t he revenues are increasing at a good clip as announced and I just assume the profit will be increasing also before reinvestment.A time frame of 18/24 months is what the Company(Mark Ryan) thinks is appropriate to really get the show on the road.We may see some explanation on profitability on Friday....cheers.