Snakk

[Balance]

http://www.nbr.co.nz/stayconnected?return=132186

[Balance]

good question, which I do not have the answer for, although I feel sorenson may have pushed handley into it as an original investor. sorenson is known for his tricks, seadragon has absolutely no interest in it and after making a 10 bagger, woukdnt you consider selling down as well?

I wish I could read tgat NBR article, alas I do not have access!

For a very very smart individual (if you read and believe all that has been pumped out by the company and by himself), Derek is a plenty smart cookie.

What's the point then of having a shareholder like Seadragon in the company?

When you read the NBR's article, it becomes clear why Derek chose to use the backdoor listing route.

~~~~~~~~~~~~~~~~~~~~

Moosie, I am taking the time to guide you through what and why Snakk is where it is at, hoping that you will learn from my own experiences (bad) from the past.

[RTM]

"When you read the NBR's article, it becomes clear why Derek chose to use the backdoor listing route"

I think you've wetted our appetite Balance on this most educational thread. Alas...I can not see the NBR article either. Is it feasible to paste it into this forum ?

Moosie....Balance has done a great job of alerting novices (like me) to the dangers of backdoor listings, even if SNK is not technically one. "We" need a lot more caution when jumping into stocks such as these. The link to the research on these was interesting as well. Having said that, yes, there will be successes. But a lot more care is needed on the investors part.

So thanks for that Balance.

Cheers,
RTM
PS....Did manage to stop myself buying any of these....so far.

[Balance]

ok, well glad to have your advice and experience on board. could you perhaps pm me with the text of the NBR article? I will not disseminate it if you do.

Go spend a few bob and subscribe to NBR - they need readers' support as one of the truly independent media players left.

Be worth your while, Moosie.

Better than giving your money to the Snakk boys.

[ari]

Bit of history from 2011...
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10700996

[CJ]

Go spend a few bob and subscribe to NBR - they need readers' support as one of the truly independent media players left.$220 a year and it is tax deductible*

* please consult you tax advisor

[Balance]

As you say,and as I mentioned some days ago,it only needs Gaynor or Carmel to take a punt and all this garbage will be sent to the Plus SMS file.Let's hope .
Regards

I will say Milford may have had an interest in Snakk as the Baker boys were in there - but after Moa and Ecoya, I think Brian Gaynor will be steering clear for a while.

[robbo24]

Agree NBR online subscription is good value.

I might get an individual subscription for the old man for father's day - then I can use it too.

[Copper]

I hope we are not in for another week of how,when where and why Snakk got where it is today.Over the years there have been good and bad compliance and back door listings but on this site only doom and gloom prevails.
Reading the NBR may be our only hope...

[Minerbarejet]

Im going to buy a big bag of salt so I can sprinkle a few grains over everything thats written here, there and everywhere.:)

[Balance]

I hope we are not in for another week of how,when where and why Snakk got where it is today.Over the years there have been good and bad compliance and back door listings but on this site only doom and gloom prevails.
Reading the NBR may be our only hope...

Keep hoping then, Copper, for Brian Gaynor to turn up at the AGM?

[Balance]

if it contains what I think it does I won't be interested in snakk anymore will I?

Plenty of good articles in the NBR - some not so good ones as like all publications but a good sign they push the limits is that they get served by lawyers every so often.

How much have you done on Snakk so far? $220 for a year to NBR is cheap!

That scumbag, Mark Bryers of Blue Chip, got away for years from proper media scrutiny because he had an open cheque book to his lawyers to threaten, sue etc.

We know what Blue Chip got away with.

So - support the NBR.

[CJ]

I might get an individual subscription for the old man for father's day - then I can use it too.The gift that gives back - perfect.

[Balance]

made a bit getting out of snakk so guess I could put those gains into it!

Good one!

And well done, Moosie!

[robbo24]

made a bit getting out of snakk so guess I could put those gains into it!

You did a good job of ramping it up, then talking it down... Never know you might hit a place to buy in again if you keep bad mouthing Sorrenson...

[robbo24]

situations need flexibility sometimes..

I'm not mad at you Moosie - I enjoyed watching the show and I'm sure you had an effect on the market in one way or another ;)

[Balance]

I think Brian Gaynor is the Milford man so if his lot were there it will surface somewhere for sure.He is the person who could take out the unmentionables at a bargain price sometime. May have even been involved with that 10 million lot.

After Moa and Ecoya, Milford will be selling the hell out of Snakk if they had any stock.

The Bakery boys sure baked a nice custard pie for Brian Gaynor to fall into?

Meanwhile, see the sellers have pulled out and waiting for the punters to pile up before they dump on them again?

[Copper]

After Moa and Ecoya, Milford will be selling the hell out of Snakk if they had any stock.

The Bakery boys sure baked a nice custard pie for Brian Gaynor to fall into?

Meanwhile, see the sellers have pulled out and waiting for the punters to pile up before they
dump on them again?

This is a bit like the Syrian gas situation.Blame him,blame them ,blame everybody ,but still nobody has the foggiest clue about anything.Let's hope the punters outweigh the dumpers.Only SSH notices will hold the key.

[Balance]

This is a bit like the Syrian gas situation.Blame him,blame them ,blame everybody ,but still nobody has the foggiest clue about anything.Let's hope the punters outweigh the dumpers.Only SSH notices will hold the key.

You are the one doing the second guessing, Copper, I think.

The rest of us do not have to guess - we know what kind of people and companies go for backdoor listings.

[Copper]

You are the one doing the second guessing, Copper, I think.

The rest of us do not have to guess - we know what kind of people and companies go for backdoor listings.

Point taken but Snakk was not a backdoor listing.Montana and Hellaby and Chase were backdoor listings so all are not bad.I know Chase went away but he others are still ok.

[Balance]

Point taken but Snakk was not a backdoor listing.Montana and Hellaby and Chase were backdoor listings so all are not bad.I know Chase went away but he others are still ok.

Montana was not a backdoor listing - it was part of CIL and when all the other assets of CIL were sold off, CIL was renamed Montana.

https://www.nzx.com/files/assets/rev...dance_note.pdf

"Compliance listings are similar to reverse and backdoor listings, in
that the listing is usually completed without the need to complete
disclosure documents under the Securities Act."

To me Compliance listing is worse than backdoor listing - appearance of decency but same smelly unwashed undies.

[Copper]

maybe Balance re Montana. but I based my post on an article by Brian Gaynor in February 2008.he explained the sequence of events when they bought Montana etc.He said it was perhaps the most successful backdoor listing.May be a matter of interpretation.

[zigzag]

maybe Balance re Montana. but I based my post on an article by Brian Gaynor in February 2008.he explained the sequence of events when they bought Montana etc.He said it was perhaps the most successful backdoor listing.May be a matter of interpretation.

Montana was not a backdoor listing. CIL sold of all of their investments other than Montana, then changed their name to Montana. GPG are doing exactly the same thing i.e. sell everything bar Coates, and then change the name from GPG to Coates. There is nothing inherently wrong with a backdoor listing. You just need to exercise a bit more caution. Like I have said before, Abano and Charlies were both successful backdoor listing. Compliance listing are just, well, just what they say they are, for compliance and quite benign.

[CJ]

GPG are doing exactly the same thing i.e. sell everything bar Coates, and then change the name from GPG to Coates..Tower has done the same, decimating its business so much that it is being forced to hold more capital. But I digress

[steve fleming]

Montana was not a backdoor listing - it was part of CIL and when all the other assets of CIL were sold off, CIL was renamed Montana.

https://www.nzx.com/files/assets/rev...dance_note.pdf

"Compliance listings are similar to reverse and backdoor listings, in
that the listing is usually completed without the need to complete
disclosure documents under the Securities Act."

To me Compliance listing is worse than backdoor listing - appearance of decency but same smelly unwashed undies.

On the ASX all new listings (IPOs, backdoor, compliance) are subject to the same disclosure requirements - mainly an ASIC approved Prospectus

Backdoor listings on the ASX have an added level of compliance in that the existing shareholders are required to approve the change of activities, which means there are additional expert reports and documentation required to support the shareholder vote.

I don't know why the NZX would be so lax.

[Copper]

Many tks Balance and others for a good discussion. I went back to Brian Gaynors article and he used the terms backdoor listing and reverse listing on the same company.Definitely a difference in my opinion.Good comment on ASX Steve.
Regards

[see weed]

Is that you Moosie....300,000 at .093c to buy. Good on you mate, thats what we like to see.

[Balance]

You have to laugh at the little games being played at the snake pit.

Someone sold the shares down to 9.1c and out pops a buyer at 9.5c with fresh air between him and 9.1c.

He gets taken out in plenty quick time.

Now what kind of idiot pays 9.5c when the trdaes are going through at 9.1c?

[Balance]

lol, looks like you've caught the snakk day trading bug eh balance? good fun to watch (but not participate in) eh?

I like to watch the massaging of the snake as it slithers along the slippery slope.

See how someone has had enough and took out all the 9 cents?

[Copper]

Do either of you guys know why your number of posts has not gone up for months despite all the action. Mine haven't either.That's the number under your join date etc.Just curious.It's one of those lazy days when the mind strays to other useless pastimes.

[Minerbarejet]

lol, I'm committed if nothing else! id say about half of those have useful info, the rest are just random stuff. sorry for cluttering the boards, but I intend to teade for as long as I live, so if I suddenly go quiet you know a plane has hit and killed me.

(in all seriousness, there is, on average, one plane to moose strike per year!!!)
So thats either a lowflying plane or a highflying moose.:eek2:
Maybe the plane is running on maple syrup or the moose is high on maple syrup. Either way its a sticky end

[Copper]

Mine has, wouldn't have a clue why your wouldn't. Ive been posting a lot less lately as my work is getting pretty full on!

Maybe it's just a guru thing eh Balance? ;)

Moosie... YOu have been on 4301 posts since day one on this site. Does your computer show something different.I would complain if Balance is catching you.

[Balance]

Funny how the rampers have gone all quiet on the slippery snakk(e) now that everyone is aware a few huge sellers are out there ready to pounce on any buyer brave (or dumb) to put up their hands for stock.

[Balance]

125 pages devoted to a stock where only a few make money at the expense of the punters.

History repeats itself, again and again and again.

[hilskin]

Twitter has made its largest acquisition (http://www.ft.com/intl/topics/themes/Mergers_and_Acquisitions) to date with the purchase of MoPub, a mobile advertising company. The deal will help Twitter (http://www.ft.com/topics/organisations/Twitter_Inc) to automate ad buying on its platform and broaden its partnership with traditional media companies, as it prepares to go public in the coming months.
MoPub allows agencies to buy ads across a large network of websites and helps advertisers target users more specifically and in real time by, for example, auctioning adverts during live events. The purchase of another advertising technology company that operates in the so-called programmatic buying sector follows AOL’s $405m Adapt.tv deal (http://www.ft.com/intl/cms/s/0/ff48e8f0-ff77-11e2-b990-00144feab7de.html) last month.
Its customers include blogging platform WordPress, games publisher ngmoco and TuneIn, a radio app.
“Mobile is obviously key to Twitter as a whole and to our advertising platform,” said Kevin Weil, Twitter’s vice-president for revenue products. By allowing advertisers to buy ads in real time, at the instant they are delivered to the app user, improves targeting and relevance for both brands and users, he said.
The deal is worth 16m shares in Twitter, according to one person familiar with the deal. That could value MoPub from anywhere between less than $300m to more than $400m, based on Twitter’s share price in the highly illiquid secondary market. It would make it Dick Costolo (http://blogs.ft.com/tech-blog/2013/09/twitter-ceo-techcrunch/)’s biggest deal as Twitter’s chief executive, ahead of a much anticipated public offering (http://www.ft.com/intl/cms/s/0/b0e096b2-0ff9-11e3-a258-00144feabdc0.html), perhaps as soon as early 2014.
Jim Payne, chief executive of MoPub, said the companies were a “natural match” because they were both focused on mobile and he hoped to grow the business using Twitter’s investment.
MoPub will continue to serve other sites, as well as Twitter, paving the way for an expansion of the messaging site’s business beyond its own site for the first time. The mobile advertising exchange had a revenue run rate of $100m in May, 11 times the level the same time the year before. It serves 2bn adverts a day.
Mr Payne and Nafis Jamal, two of the three founders of MoPub, were executives at AdMob, another mobile advertising company bought by Google (http://www.ft.com/topics/organisations/Google_Inc) for $750m four years ago. AdMob is now MoPub’s biggest competitor in the market for mobile advertising (http://www.ft.com/intl/cms/s/0/c07f8554-01f0-11e3-8918-00144feab7de.html).
Research group EMarketer estimates that Twitter will make more than $300m from mobile advertising this year

[Balance]

Twitter buys Mobile advertising start up (http://www.ft.com/intl/cms/s/0/5cdd12d4-199f-11e3-afc2-00144feab7de.html?ftcamp=crm/email/2013?ftcamp=crm/email/201399/nbe/BreakingNews1/product_a2___a3__/nbe/BreakingNews1/product&siteedition=intl#axzz2eRMlKkL3)

Thought you SNK lot might be interested

And I see the 'good' news has prompted selling.

[whatsup]

So who dumped those 250,000 forcing the SP down to .085 ?

[baller18]

oh my, and the next buy is at 7 cents :s

[Copper]

So who dumped those 250,000 forcing the SP down to .085 ?

Looks a bit like an operator forgetting to put a sell limit on.

[GRIFFIN]

Or some one dumping their holding regardless of price to shift the lot.

[Balance]

Looks a bit like an operator forgetting to put a sell limit on.

Not at all.

Plenty of stock available if you are interested - just wait at 8.5c.

[croesus]

Moosie... I am back from Scandinavia...

Must admit I have forgotten the finer details of were we left off... re that wager re the Snakk share price.. can you help.

Cheers

[ari]

All this talk of selling...I'd be more interested in finding out who is buying and why?

[Copper]

haha did you have a good time croesus?

the finer details were if SNK hit 9 cents you would buy me a barrel of scandinavias finest brew. if it hit 8.6 you would bring back some swedish volleyball team girls for me.

I like my blondes medium rare please ;)

Love it ........Now we know who banged them down to 8.5 cents....great logic.

[croesus]

The Scandi blondes are gorgeous.... but Budapest is the go, I had a week in Hungary following the F1... never seen such gorgeous looking girls... suspect it has something to do with Genghis Khan and his Asiatic hordes raping and pillaging a long time ago.

Funny... my memory must be failing me... wer'nt you going to buy me a Cpl of bottles of Red if snakk went sub 9 c

chin chin

[croesus]

Moosie at the Museum.... seriously now.. are you guys doing a big 31 earthquake thing with lots of old red bricks ,,,

( sorry for deviating from the Snakk thread... but no harm...its the NZ markets equivalent of the Kursk )

[Minerbarejet]

[QUO22TE=moosie_900;426853]haha yes, I did all the research behind it :)[/QUOTE]Aha, now I kno vere to find you Moosee. Eye shall just look for a red breeck and there vill you be behind eet.
Noah Fence

[see weed]

ye ho yo, how low can you go. Whats happened here? You can't turn your back for a second. Am i the last shareholder on this thread with snakk shares? Is there anyone out there still got snakk shares? If not, do you think i should change my name to general Custer?...see weeds last stand. he he he.

[Minerbarejet]

ye ho yo, how low can you go. Whats happened here? You can't turn your back for a second. Am i the last shareholder on this thread with snakk shares? Is there anyone out there still got snakk shares? If not, do you think i should change my name to general Custer?...see weeds last stand. he he he.Vot ees thees snakk kemosabi?

[croesus]

Small world Moosie...in the last couple of months the Napier City Council, has purchased a large quantity of Old red bricks, from a Business I own that specialises in sourcing and supplying Old Red Bricks... I remember now.. they were going to the Museum.

Will be off line for a day or so..as will be in Hill country out of coverage.....Chin Chin

[Minerbarejet]

keep holding see weed, the Oz market is starting to realise the potential of mobile ads with MKB and MBE; Snakk should be next in line once that monkey on its back is gone for good. expect lower prices until then, almost going to be a race to the bottom it looks like. hopefully a takeover wilk eventuate to relieve shareholders!

major, I just hope no one will be picking up those bricks and going moose hunting with them for my bringing Snakk to the fore of this forum, then doing a 180 once the truth was revealed! I've tried my best to be repentent anyways!
Moosie, you dont have to apologise-its all part of the forum which generates a lot of discussion and I think most people would agree that any actual share transactions are their sole responsibility and therefore they can be considered to have done their own research on the matter however deep that may be.
There is a way to go with this and you never know the big S might start picking them up again if they get too low. AAAAAAAAAARGH:):)

[J R Ewing]

There is a way to go with this and you never know the big S might start picking them up again if they get too low. AAAAAAAAAARGH:):)

Nah, he will be too busy working on the next Snakk!

[Balance]

ye ho yo, how low can you go. Whats happened here? You can't turn your back for a second. Am i the last shareholder on this thread with snakk shares? Is there anyone out there still got snakk shares? If not, do you think i should change my name to general Custer?...see weeds last stand. he he he.

Hang in there, Derek knows what he is doing and he cannot control the share price - heck, he convinced punters to give him $6m at 12c, and now shares are under 9c but nobody wants to buy? Not his fault.

Meanwhile, he is working on a few more 'snakes' to bring to the market :

"Handley couldn’t imagine doing otherwise. “I’m based in New Zealand and I want to continue to create models that show you can start businesses here that go after key markets overseas from the outset, and grow them very quickly and make them successful. Part of the reason for Snakk being on the exchange is to try to create a new kind of listed company that is small cap, high growth, small revenue tech stock that isn’t looking to raise tens and tens of millions. It’s almost using the NZAX as a venture capital source for A round and B round type capital.

“My dream would be to start creating multiple Snakks and popping them on the exchange one after the other, enabling the general public to get a piece of the action. They might not all work, but I think every investor should be exposed to these types of exciting journeys.”"

A lot of exciting journeys ahead, folks.

Just don't get bitten!

[Minerbarejet]

one snake, two snake, red snake, blue snake?Dont forget your ladder.

[J R Ewing]

IMO the problem with being in the business of selling new businesses is that you don't necessarily have the expertise, passion and long term commitment that is required to grow a start up business into a profitable enterprise.

It's relatively easy to get exponential growth off a low base, but you can't pay out growth and market share as a dividend. If the founding shareholders are getting paid directors fees and/or selling down in the original placements and market hype there must be every likelihood that the business never makes the profits required to justify the valuations proposed in the initial placements. 12c/share valued Snakk @ $32 million - for what exactly? The hope it would be the next XERO? I'll stick to buying lotto.

[Balance]

Yup, not that I am suggesting sell to others, but I know if I were holding right now I would be gone gone gone! - now that there are 100,000 blocks on the sell at sub 9c, who knows how low we are going here.

But wait, there's 550,000 wanted at 7.9c.

Guess it will mysteriously disappear as well once the 8c gets hit?

[robbo24]

I doubt if Snakk would make the Moosie 50, but it made the Deloitte Fast 50 anyway.

http://www.fast50.co.nz/2013/regional-category-winners/


2013 Regional Fast 50 Winners announced!

Check out the fastest growing business in your region (PDF)

AUCKLAND AND UPPER NORTH ISLAND

CATEGORY Fastest growing services business

COMPANY NAME Snakk Media

COMPANY DESCRIPTION Digital media company.

www.snakkmedia.com (http://www.snakkmedia.com)

[Scottman]

Handley moving in the right circles.

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11124265

[baller18]

Man am I glad I sold out, even though I made a loss... better than the long term pain...

[blackcap]

It would be interesting if someone decided to hit that 7.9 before they had time to move it or delete the order. What would they do then?

It can be a dangerous game putting in bids and offers that you don't really want filled.

Unfortunately I have no SNK to be able to do the above ;)

[Swiftideas]

moosie - we get it.
Someone is selling down for whatever reason and there's an overhang.
But you actually need to back off with comments like this;


most hyped listing to most hated in 6 months, not bad!!!

You don't carry the stock, you're not an industry expert and you don't even understand their business model. Meanwhile this young company is posting good growth figures to the NZAX board and educating NZ shareholders about an emerging market sector.

I'd say that's pretty far from hated. So why don't you go do something else for a while?

[robbo24]

I'd say that's pretty far from hated. So why don't you go do something else for a while?

Moosie, Sorenson has come to get you!!!!

[Minerbarejet]

moosie - we get it.
Someone is selling down for whatever reason and there's an overhang.
But you actually need to back off with comments like this;



You don't carry the stock, you're not an industry expert and you don't even understand their business model. Meanwhile this young company is posting good growth figures to the NZAX board and educating NZ shareholders about an emerging market sector.

I'd say that's pretty far from hated. So why don't you go do something else for a while?err welcome to sharetrader,
I think.

[GRIFFIN]

i think the share price indicates what most think about the business model, in its start up phase anyway.

[CJ]

His time would be better spent sorting out SNK!he's only the chairman remember, not part of the exec.

[blah]

Perhaps there is room for some positivity at the low prices. The trading volume has been pretty large in the past couple of days. This means that there are people buying in. This also means that the large shareholders are selling up at increasingly faster rates - the shareholders which some people on this forum have some grudge against.

954,500 shares traded today. To put this in perspective: as of 23 Aug, Seadragon still had 15m shares; as of 23 July, HPF 18.7m shares; as of 14 June. Snakk Trustee had 16.8m shares. If today's volume can persist, these shareholders would be out in no time.

Based on the trading volume, I think there is still interest in this stock unlike the sentiment portrayed in the last 30 or so pages of this thread - it just depends on the price

Disc. Held and continue to hold Snakk. Prob should have sold out at the higher prices, but stuff it. Have followed this thread for awhile, but lately it has been rather unconstructive and full of hate.

PS. Before I get bashed by others for expressing a minority comment, I am not Sorenson, Bakery Boys or Seadragon or anyone of much relevance at all.

[Minerbarejet]

Perhaps there is room for some positivity at the low prices. The trading volume has been pretty large in the past couple of days. This means that there are people buying in. This also means that the large shareholders are selling up at increasingly faster rates - the shareholders which some people on this forum have some grudge against.

954,500 shares traded today. To put this in perspective: as of 23 Aug, Seadragon still had 15m shares; as of 23 July, HPF 18.7m shares; as of 14 June. Snakk Trustee had 16.8m shares. If today's volume can persist, these shareholders would be out in no time.

Based on the trading volume, I think there is still interest in this stock unlike the sentiment portrayed in the last 30 or so pages of this thread - it just depends on the price

Disc. Held and continue to hold Snakk. Prob should have sold out at the higher prices, but stuff it. Have followed this thread for awhile, but lately it has been rather unconstructive and full of hate.

PS. Before I get bashed by others for expressing a minority comment, I am not Sorenson, Bakery Boys or Seadragon or anyone of much relevance at all.Good post Blah, we just have to wait for the air to clear and we will be up on the old foils like the black boat.
( Here you are grandkids "have a snakk" "dont mind if i do, gee thanks grandad, you are the best"):)

[Balance]

Perhaps there is room for some positivity at the low prices. The trading volume has been pretty large in the past couple of days. This means that there are people buying in. This also means that the large shareholders are selling up at increasingly faster rates - the shareholders which some people on this forum have some grudge against.

954,500 shares traded today. To put this in perspective: as of 23 Aug, Seadragon still had 15m shares; as of 23 July, HPF 18.7m shares; as of 14 June. Snakk Trustee had 16.8m shares. If today's volume can persist, these shareholders would be out in no time.

Based on the trading volume, I think there is still interest in this stock unlike the sentiment portrayed in the last 30 or so pages of this thread - it just depends on the price

Disc. Held and continue to hold Snakk. Prob should have sold out at the higher prices, but stuff it. Have followed this thread for awhile, but lately it has been rather unconstructive and full of hate.

PS. Before I get bashed by others for expressing a minority comment, I am not Sorenson, Bakery Boys or Seadragon or anyone of much relevance at all.

Insiders are selling out and you think that is a good thing?

[Dentie]

Insiders are selling out and you think that is a good thing?

As I see written on many thread's Balance ... "People sell out for many reasons" and "don't position your holding based on what others are doing" etc etc....

To try and give it more perspective, it wasn't that long ago that Mr Darling from PEB unloaded 400k of his own stock. If anybody is an "insider" he is. It would be interesting to know how many "outsiders" then started unloading their stock? However, if anyone is a believer in PEB - David Darling is, so go figure.

Blah - sometimes it is good being in the minority so don't lose your belief in SNK just because some others are selling. I have also seen many who think they are in the "majority" selling at a loss - only to see gains not too long afterwards. The market has a habit of humbling those who think they are the best ... the rest of us keep learning and ultimately make gains because of it.

Disc. Holding SNK - and have no problem with putting it in the bottom drawer for now.

[Copper]

At last some positive posts.The only people against this Company seem to be posters on this site.
Good posts Dentie and Blah.Insiders do sell all the time and for different reasons.Take Xero,the only large sellers have been the insiders from the boss down,hardly deserting the sinking ship.

[blackcap]

At last some positive posts.The only people against this Company seem to be posters on this site.
Good posts Dentie and Blah.Insiders do sell all the time and for different reasons.Take Xero,the only large sellers have been the insiders from the boss down,hardly deserting the sinking ship.

I guess its the ferocity, velocity and volume of the selling and tmanner in which these shares have been acquired in the first place (by insiders) that have posters on this site somewhat skeptical and concerned.

[Dentie]

As I see written on many thread's Balance ... "People sell out for many reasons" and "don't position your holding based on what others are doing" etc etc....

To try and give it more perspective, it wasn't that long ago that Mr Darling from PEB unloaded 400k of his own stock. If anybody is an "insider" he is. It would be interesting to know how many "outsiders" then started unloading their stock? However, if anyone is a believer in PEB - David Darling is, so go figure.

Blah - sometimes it is good being in the minority so don't lose your belief in SNK just because some others are selling. I have also seen many who think they are in the "majority" selling at a loss - only to see gains not too long afterwards. The market has a habit of humbling those who think they are the best ... the rest of us keep learning and ultimately make gains because of it.

Disc. Holding SNK - and have no problem with putting it in the bottom drawer for now.

... and don't forget that without sellers, you don't have liquidity. I would hate to be in an illiquid stock.

It is the perception of value by "askers" and "bidders" that creates the market in the first place.

(Meant to also disclose in my last post that I hold a solid amount of PEB - won't be selling those either until I consider they reach an acceptable value commensurate with the risk etc)

[Balance]

At last some positive posts.The only people against this Company seem to be posters on this site.
Good posts Dentie and Blah.Insiders do sell all the time and for different reasons.Take Xero,the only large sellers have been the insiders from the boss down,hardly deserting the sinking ship.

Really?

Insiders in Xero only sold after the company delivered on expectations and kept shareholders and market informed of progress, against IPO prospectus.

And they sold at ever higher prices, leaving plenty for new shareholders.

Snakk is a backdoor listing - no forecast etc.

Here the insiders are lining up to get out asap and that's positive?

I personally have no issues or problems whatsoever with Sorenson, Sea Dragon etc selling out - good on them and all power to them.

I do have a problem with posters here trying to twist negatives into positives.

Prime example is their attempt to deny that this is a backdoor listing.

Oh well, the dung beetle thinks elephant manure is great stuff.

[etrader]

Can I state the obvious but is there a strategic link getting him onto SKY to use Snk on their mobile platform ?

There could be a conflict of interest with two listed companies and preferential advertising to go via Snk simply just a thought

[Copper]

Balance....I personally like all your posts.I know you have a great dislike for reverse listings or backdoor listings and compliance listings which Snakk is.Some are good and a lot ,depending on the founders are just rubbish.I concede this one has a taint factor that will take a while to let go. Only results will count in the end.
On a lighter note ,you may remember a few weeks back,I quoted Brian Gaynor saying in 2007 ,that Montana was the most successful backdoor or reverse listing that the investors had seen at that time.You and several others corrected that statement that Montana was not a reverse or backdoor listing but just a pure orthodox float.I went back to the Gaynor article to check where he had got his facts from.
It transpired that Allied Group I think it was listed in the seventies and soon changed it's name to Collingwood Holdings.In the 80's Peter Masfen backed his portfolio into Collingwood and it was renamed Corporate investments.CIL was therefore a backdoor or reverse listing.Subsequently CIL was renamed Montana.Therefore Montana the renamed CIL was a reverse or backdoor listing.
Similarly if Snakk were to takeover Microsoft,bless it's heart,and Snakk subsequently renamed itself Microsoft,then as before,Microsoft would be a compliance listing.
It answered my query on why Brian stated it but as you can see it's a bit convoluted .
Keep up the good posts
Kind regards...........

[CJ]

Insiders are selling out and you think that is a good thing?they aren't really "insiders". They are just large investors. If Handley, other directors o the exec were selling, then it would be different. The people selling are just the money men who took the risk to get the to listing stage.

[Balance]

Balance....I personally like all your posts.I know you have a great dislike for reverse listings or backdoor listings and compliance listings which Snakk is.Some are good and a lot ,depending on the founders are just rubbish.I concede this one has a taint factor that will take a while to let go. Only results will count in the end.
On a lighter note ,you may remember a few weeks back,I quoted Brian Gaynor saying in 2007 ,that Montana was the most successful backdoor or reverse listing that the investors had seen at that time.You and several others corrected that statement that Montana was not a reverse or backdoor listing but just a pure orthodox float.I went back to the Gaynor article to check where he had got his facts from.
It transpired that Allied Group I think it was listed in the seventies and soon changed it's name to Collingwood Holdings.In the 80's Peter Masfen backed his portfolio into Collingwood and it was renamed Corporate investments.CIL was therefore a backdoor or reverse listing.Subsequently CIL was renamed Montana.Therefore Montana the renamed CIL was a reverse or backdoor listing.
Similarly if Snakk were to takeover Microsoft,bless it's heart,and Snakk subsequently renamed itself Microsoft,then as before,Microsoft would be a compliance listing.
It answered my query on why Brian stated it but as you can see it's a bit convoluted .
Keep up the good posts
Kind regards...........

There's a universe of difference between CIL becoming Montana and Snakk as a backdoor list.

CIL was a backdoor list by Masfen during the roaring 1980s - one of the few investment companies to survive. After selling all of its*assets, except Montana, it became Montana.

Similar to GPG.

GPG will soon become Coats but there will be few who will think that Coats is a backdoor listing.

Snakk is a backdoor listing, pure and simple - a listing with every intention of avoiding the rigors of scrutiny via a prospectus.

Keeps coming back to the same question - why a backdoor listing?

[Dentie]

Being an absolute "penny stock" ... I wonder why "traders" would bother with SNK. If you can't handle (y) losing dosh for a while - then why not stick with the RYM's, XRO's, FBU's etc? Afterall, they're the safe high cap stocks aren't they? No point belly aching about other shareholders selling out....they can only do it because others want to buy their stock.

Just found this .... http://www.wikihow.com/Pick-and-Trade-Penny-Stocks. Might help some like me who are still learning how to be good "investors".

I just hope the "traders" are around when I want to sell...

[apac]

Were employees offered shares purchase plans? If so how much was it at?

[apac]

Also when they say they want to be third after Google and Facebook, is that just a wild ambition or do they have a plan to get there? Or maybe they can claim that statement for a specific market, then if they do in fact have 20-25% market share in Australia then they may be already there. Which means limited growth from here?

They will certainly be huge if they do become third in the world, and share price now would be really cheap, but how do they get there, can they get there? Just some thoughts

[apac]

third in the world? highly doubt it at this rate! they're not even close to MBE or MKB yet, let alone Millenial Media or others!

apac, employees have been incentivised with share options, have a look at previous announcements

Ok so that was my question. Isn't that what they stated in their annual report, that they want to be third after Facebook and google, but what does it mean? Anyone can say you want to be third, but third in aus, third in china etc, or the world? it means nothing unless we know clearly what they mean by that, and what counts is if they can get there and is going towards it.

Take Xero for example, their goal is 1m customers, and they have a projected customer breakdown by region, and they are doubling customer numbers every few months, they went from 100k customers to 200k customers in 13 months. Not commenting on if they will get there or if they are worth the price they are at now, but unless their numbers are fake, the numbers show they are growing and they could get to 1m customers, time will tell.

About employee share options, if I'm not mistaken, it was at 6.5 cents, so it would be pretty demorolising for them. We investors know the risk, and losing money is ok, but seeing your shares double or more in value, then drop back to close to what you bought it for, is a roller coaster. And some would want to sell if they can, to make some money while they can, don't know if there's rules to say they can't though. So yeah that's a bit of a worry and it's hard to change that unless share price go up, but some will get over it over time I guess.

[Dentie]

"Take Xero for example, their goal is 1m customers, and they have a projected customer breakdown by region, and they are doubling customer numbers every few months, they went from 100k customers to 200k customers in 13 months. Not commenting on if they will get there or if they are worth the price they are at now, but unless their numbers are fake, the numbers show they are growing and they could get to 1m customers, time will tell."....

Everything is relative Apac ... have a look at this: http://www.xero.com/media/379150/xero_limited_2013_annual_report.pdf

Xero certainly appears to be growing everything on an exponential basis: customers, revenue, cash in the bank & its annual losses ....ummmmm something is not conducive with the other!! Thank goodness it has shareholders with deep pockets.

(Sorry - just replying - not trying to hijack the thread)

[CJ]

About employee share options, if I'm not mistaken, it was at 6.5 cents, so it would be pretty demorolising for them. We investors know the risk, and losing money is ok, but seeing your shares double or more in value, then drop back to close to what you bought it for, is a roller coaster. And some would want to sell if they can, to make some money while they can, don't know if there's rules to say they can't though. So yeah that's a bit of a worry and it's hard to change that unless share price go up, but some will get over it over time I guess.
The employees don't pay anything unless they exercise the options, which they will only do if above the strike price.

They will also normally vest over 3 years so can only sell a max of 1/3 per year and will lose the vested ones if they leave.

[Balance]

there ya go apac, you got it. now you know that the target of where the sp is going is 6.5 cents!

revenues are growing at a huge rate, but the targets are ambiguous at best as they rely almost totally on sector growth! their appears to be no overall grand strategy, nor any idea when a profit will be reached. accordingly, the only research into the company being done is through a paid-for company.

the sp is also being depressed because the market is not dumb and knows it can comnand lower and lower prices as Soremson continues to sell. the more he depresses the price, the faster he sells and the more stock he loses in one hit. so, in a weird way, the lower sp is helping!

if handley wants SNK to start making a difference for shareholders and the company he needs to a) tell us his overall strategy and GIVE US SOLID TARGETS!, b) let us know when a profit is expected and c) get Sorenson and SeaDragon bought out! otherwise I'm afraid we will have a another laggard NZX company that struggles as a penny stock with very little funds flowing in due to the systemic destruction of shareholders confidence and wealth...

Agree with you, Moose - except for c)

If Derek and his crew are able to articulate a) and b), then c) will not be selling.

In fact, you would want them there to supply stock.

[CJ]

Sorenson has even said he does it because it feels good, like a dog scratching its balls. I dont believe it was sorenson who said that. It was another person here who responded to your question, why are they selling.

[Balance]

Had a quick look at the company's web-site.

"Our AGM and #SnakkLive videos and pictures from the evening will be online soon. Keep checking back or sign up to receive notification when they’re ready to view..!"

For a company which states that it is at the cutting edge of the brave world of communication, they have not got around to loading the videos etc of their AGM in 26 August onto their web-site!

3 weeks and counting.

[ari]

Had a quick look at the company's web-site.

"Our AGM and #SnakkLive videos and pictures from the evening will be online soon. Keep checking back or sign up to receive notification when they’re ready to view..!"

For a company which states that it is at the cutting edge of the brave world of communication, they have not got around to loading the videos etc of their AGM in 26 August onto their web-site!

3 weeks and counting.

Try..http://www.youtube.com/watch?v=KjHMaKpfny4&list=PLDPIyikU80Plbl7nFtRDtzeUiJD3CW1jf&index=1

[ari]

Or....https://www.facebook.com/SnakkMedia

[Balance]

Try..http://www.youtube.com/watch?v=KjHMaKpfny4&list=PLDPIyikU80Plbl7nFtRDtzeUiJD3CW1jf&index=1

Be great if they just provide a link to their web-page?

[Copper]

Try..http://www.youtube.com/watch?v=KjHMaKpfny4&list=PLDPIyikU80Plbl7nFtRDtzeUiJD3CW1jf&index=1

Many tks Ari.... At least gives some insight on what they want to achieve and is a change from twenty pages of negative stuff on this site.

[Balance]

Many tks Ari.... At least gives some insight on what they want to achieve and is a change from twenty pages of negative stuff on this site.

Copper - do something useful and ask the company why they are so late posting the AGM videos etc on their website?

The website is where they should be looking after shareholders, not you tube and facebook.

Or do they actually care about shareholders?

Your one eyed view of the company (no, it was not Brian Gaynor at the AGM) is clouding your judgement.

[Copper]

BALANCE.....you are the one with all the moans and groans,send an email yourself to them.

[Balance]

BALANCE.....you are the one with all the moans and groans,send an email yourself to them.

On the contrary, Copper - it does not worry me as I am no shareholder and from what I know so far about this company, have no intention to be.

If you enjoy reading positives about the company only, there's plenty coming from the company so why do you bother reading here?

And yes, it was not Brian Gaynor to the rescue at the AGM.

:D

[croesus]

Cooper.. suggest you are out of your depth.

Do some research... or take up a harmless hobby.. like tea cosy collecting....will be cheaper then throwing good money at the likes of Snakk.

chin chin

[apac]

The employees don't pay anything unless they exercise the options, which they will only do if above the strike price.

They will also normally vest over 3 years so can only sell a max of 1/3 per year and will lose the vested ones if they leave.

Thanks for the information. Now have more understanding.

Has anyone considered the possibility snk may drop to 1 cent like vml? Could that happen? why or why not? And where would snk bottom out and when will it come back up do you think?

[Balance]

Cooper.. suggest you are out of your depth.

Do some research... or take up a harmless hobby.. like tea cosy collecting....will be cheaper then throwing good money at the likes of Snakk.

chin chin

Me thinkth he likes swimming in a deep water lagoon with hungry sharks for the thrill? :D

[Dentie]

Balance and Croesus et al ... with respect (that you may or may not deserve), you seem to enjoy taking pop shots at those of us who - it seems - may not have your share market abilities. Whether this is to further inflate your own ego's I'm not sure, but can I suggest you use your better abilities to assist people who are trying to learn. Why not put those long teeth (and dorsal fins) away and do some good instead?

Are you willing to share how many losses you have made in the share market when you were at the learner stage - and whether you are making any loss trades now that you are Guru's and senior members??

I want to learn more from the likes of Turmeric etc... who knows how to get in at the bottom and get out at the top.

[croesus]

Dentie... have lost count of my losses, in fact I still have them, I call them learning experience's... Its not realistic to trade and not make losses... no way am I a Guru...so you don't need to preface " with respect ".

.. now Balance he is a Guru !

Cheers,

Re the " pop shots" as you describe them... well it is a open forum, risking your hard earned or borrowed money.. is serious stuff if people want to post and some times make "dumb" comments... then they may get a curt response.... no hard feelings.. I try to leaven it with a sprinkle of humour.... chin chin

[Copper]

Me thinkth he likes swimming in a deep water lagoon with hungry sharks for the thrill? :D

What I like about this site is the people with the least number of shares make the most noise.....

[blackcap]

Balance and Croesus et al ... with respect (that you may or may not deserve), you seem to enjoy taking pop shots at those of us who - it seems - may not have your share market abilities. Whether this is to further inflate your own ego's I'm not sure, but can I suggest you use your better abilities to assist people who are trying to learn. Why not put those long teeth (and dorsal fins) away and do some good instead?

Are you willing to share how many losses you have made in the share market when you were at the learner stage - and whether you are making any loss trades now that you are Guru's and senior members??

I want to learn more from the likes of Turmeric etc... who knows how to get in at the bottom and get out at the top.

Dentie, Balance and Croesus et al, who may not hold any SNK shares (and for good reason) are only doing you newbies a big favour. They have seen it all before and are just warning you. It is your hard earned money that is being lost and they are just warning you to get out while you still can. So rather than attack them, be thankful to their voice of reason on issues like SNK.

[baller18]

Dentie, Balance and Croesus et al, who may not hold any SNK shares (and for good reason) are only doing you newbies a big favour. They have seen it all before and are just warning you. It is your hard earned money that is being lost and they are just warning you to get out while you still can. So rather than attack them, be thankful to their voice of reason on issues like SNK.
So true....

[lastmoa]

I believe there is room for a successful NZ based company in this sector and I can see Handley's vision (he is undoubtedly a smart fullah). I just can't get passed the other well documented issues though, and will not consider investing until that has been sorted

Until then I will keep an eye on revenue growth. Good to see quarterly updates promised so will try and keep a close eye on it. I see the last quarterly shows 116% growth YoY. If they can keep that up over the next year that would be good.


Agree with you there, Tumeric. SP movements has been a downer, but it has not fazed me on the outlook for the future. Just unsure whether it will be SNAKK at the forefront or another Australasian player. I will be watching with interest next week's VMOB AGM too.
Disc - hold SNAKK and VMOB, Hold no Aussie stocks in this sector.

[blackcap]

The point is Blackcap, the warnings would be better off made in a constructive way, rather than some of the cheap shots that are being fired. If Balance and Croesus genuinely want to warn less experienced investors (which I suspect is the case) it might be worth thinking about how it is currently coming across. They have every right to voice their opinions/concerns in whatever way they choose, but if at the end of the day the goal is to warn people of the risks in SNK then I think a different approach would be much more effective.

I do not think they are attacking the company per se, It is the manner in which shares are being acquired and subsequently sold that is at question. They are allowed to say it as it is and I do not consider what they are saying as "cheap shots". People need to be aware of certain "events" that go on in corporate NZ and sometimes this is the only way of making that know. As far as I know Snakk is a good company and may do well, but its things that are occurring at the periphery that may ruin its long term investment prospects.

[J R Ewing]

I haven't seen a credible reason why a company as new and as small as Snakk would either need to or want to list at all in order to achieve growth objectives. They didn't raise that much money in the placement, and there doesn't seem to be any compelling business case for needing the funds.

That leaves it open for us to speculate that the reasons for the listing are so that those that got cheap shares have a ready market for exiting a start up company which can be sold on hype and excitement about "the sector", and that the funds raised in the placement are just being spent on wages and directors fees while this sell down happens.

[Balance]

Cheap shots?

I will have you know that those are expensive and carefully aimed shots, designed to wake up those who have eyes but will not see, ears but will not listen.

Oh - except what the company tells them of course. Then, it is the gospel truth.

[Balance]

I haven't seen a credible reason why a company as new and as small as Snakk would either need to or want to list at all in order to achieve growth objectives. They didn't raise that much money in the placement, and there doesn't seem to be any compelling business case for needing the funds.

That leaves it open for us to speculate that the reasons for the listing are so that those that got cheap shares have a ready market for exiting a start up company which can be sold on hype and excitement about "the sector", and that the funds raised in the placement are just being spent on wages and directors fees while this sell down happens.

Hence, the backdoor listing.

Remember that Derek is a smart boy - or so he tells everyone who cares to read and listen.

Anyone read anywhere at all why he chose a backdoor listing, without tying up loose ends like shareholdings?

[croesus]

Turmeric.... I did suggest " do some research ".... you mean well.. but its getting a bit over the top and P.C.. hopefully Cooper took my advice in the good nature it was dispensed,.... its a tough world investing as I know only too well from experience... my advice for what its worth is at this stage keep clear of Snakk and DIL... up to you or others to ignore it if you decide ............is that " genuine and meaningful enough, if not well " I DONT CARE "

But my one liner about tea cosys... does not warrant all this angst, hand holding, and sipping of infused herbal tea... lets man up and move on.

Chin chin

[CJ]

I haven't seen a credible reason why a company as new and as small as Snakk would either need to or want to list at all in order to achieve growth objectives. They didn't raise that much money in the placement, and there doesn't seem to be any compelling business case for needing the funds.

That leaves it open for us to speculate that the reasons for the listing are so that those that got cheap shares have a ready market for exiting a start up company which can be sold on hype and excitement about "the sector", and that the funds raised in the placement are just being spent on wages and directors fees while this sell down happens.That is pretty much the reason. So the the money men who backed it in the early days have a market to exit. As long as the insiders (ie. Handley) hold onto their shares, the external money men exiting should not be seen as a negative, other than the fact it creates an overhang on the share.

[J R Ewing]

That is pretty much the reason. So the the money men who backed it in the early days have a market to exit. As long as the insiders (ie. Handley) hold onto their shares, the external money men exiting should not be seen as a negative, other than the fact it creates an overhang on the share.

Did Sorensen etc back Snakk "in the early days"? I thought they got their shares in return for facilitating the compliance listing but I could be wrong on that.

[croesus]

Cheers Turmeric..... pleased your not P.C. .. no hard feelings.. Im not really a grumpy old man !.... lets move on.

chin chin

[Copper]

CROESUS......I have no problem with your tea cosy,quite the opposite.Wish I had one as tea gets cold on these frosty mornings.This site is getting quite heated . luv it......Contrary to Balance's belief that I am in a large deep pool swimming with sharks,I feel more at ease on the bank throwing in food.Unfortunately though the shark always takes the bait before it's even hits the water.
I do hold a small number of Snakk and I look at it as a punt and see the market as between six cents where the originals came in and 12 cents ,the SPP so 8 or 9 is not the end of the world.
Kind regards....

[croesus]

Cheers Turmeric and Copper.

Yes your right Day 2.. I think.... great trade...

Maybe.. I went and purchased Derek's book.. not a bad read.. also some one cant remember who... kindly put up a link for a speech he did.

So yes once we see a bit more clarity... as I flippantly said it is or could be the "Kursk " of the NZX.

Copper... cheers for your comments... no personal offense meant.... couple of Reds on board at the time.

chin chin

[see weed]

Haha, fair enough mate, maybe your way is the more effective way, who knows...I was merely pointing out it might be worth thinking about.

My sense is that some comments, such as the one I reposted, are coming off as disrespectful/aggressive/patronising and are possibly losing their impact because those shareholders who such posts are directed at are dismissing them altogether.

Anyway, that's my last post on this. As I said I am not trying to tell anyone what to do or not to do, just chucking it out there that if one is truly trying to help others, the approach chosen to do so may need to be reconsidered every now and then to see if the desired effect is actually being had.

PC and handholding Croseus? Fukc that ;) If you knew me I don't think you would be saying that. My purpose is the same as you mate...trying to warn people of the risks here - just trying to make sure that message is being given as effectively as possible.

Move on? Yup lets do that - anyone got those Q2 numbers from 12/13?

the April-June Q2 was i think from memory $1.2

[baller18]

Getting more ridiculous as the days go by..

[randoman]

Next bid at 7.1c...wonder if anyone's gonna tap that?

The frustrating ride continues...

[Dentie]

Don't worry Rando & Baller etc ..... most, if not all, of the experienced players should have left this ship now (and taken their losses with them). But like the Concordia, it may well right itself in due course. Might just take a bit of time.

If you didn't borrow (or sell better placed stock) to get onboard this ship, then hang onto what you got, put 'em in the brig for a while - get yourself a hearty rum and try and stay on deck to see if the captain and his crew get to calmer waters. After all, we're only talking chump change for this stock at the moment....shouldn't break the bank. But one day it may well come back (eg - look at the revenue growth) and then you'll be laughing. The brokers fee itself will take 500 shares off you at least.

I can certainly understand why some of the most upset critics are upset.... it appears they may have sold out of a lot better stock to get with this baby.

[blackcap]

Not meaning to rain on your parade, nor am I wanting a Tirade of abuse from Snakk owners...but I am picking I will get my fill at 9c ... in a couple of months.

chin chin

How prophetic.....

[blackcap]

6.5 may be the bottom. if it breaks through that, I have no idea, sorry. sorry that Handley has absolutely ignored you frustrated investors out there. I suggest you all look back at my formal letter and bombard him with a few more along the same lines. many voices speak louder than 1...

Moosie... I have read up to page 80 on this thread in search of your letter (and some initial research on this company) but have not come across your letter. Can you tell me where it is? I may troll through pages 80-133 tomorrow but a heads up would be appreciated.
Cheers.

[Minerbarejet]

anyone picking the bottom yet- I want to average down.

[robbo24]

don't average down! buy more PEB if anything miner!

Have you averaged down your PEB yet mooseman?

[winner69]

Find attached:

4662

Just for you blackcap

There is a Search Thread function. Search 'letter' and user moosie in advanced search and hey Presto

[see weed]

anyone picking the bottom yet- I want to average down.

At the meeting last month, somebody i was talking to said it will probably go down to 8c. I did not want to say anything, in case it spooked the shareprice. Now that it is spooked, i can say it.

[Dentie]

anyone picking the bottom yet- I want to average down.

My pick is 1.5c Miner....

....actually, do they have minuses in this game??

[see weed]

anyone picking the bottom yet- I want to average down.

You could buy a few now , and some more later. When this stock takes off , it will go like a rocket. Keep an eye on the revenue and growth for this year. The share price will reflect the preformance eventually.

[blackcap]

Just for you blackcap

There is a Search Thread function. Search 'letter' and user moosie in advanced search and hey Presto

Thanks Winner. I did search "letter" but that gave a whole lot of rubbish. Advanced search huh! Will keep it in mind for future.
Cheers

[winner69]

Thanks Winner. I did search "letter" but that gave a whole lot of rubbish. Advanced search huh! Will keep it in mind for future.
Cheers

Maybe you were searching the normal way .... The 'Search Thread' button is at the top of the thread.

Quite useful .....like you can, if you want to punish yourself, just search on user moosie and all you get is his posts on a thread ....yes all 97 on this thread alone

[winner69]

you would only search through my posts if you were a masochist or indeed wanted that document ;)

No ....looking for gems

[Copper]

Roughly speaking SNK is now valued at 1/2 what it was prior to the SPP.....

Be interesting to see whether this gets to 12 or our other favorite gets to 30 first.Same percentage but that's about all.
Kind regards.....

[ocr11]

Would anyone care to give me a quick summary of whats happened with this stock.

So far what i can ascertain is , please correct me if wrong
1) Snakk got on the NZX via a backdoor listing through Sea Dragon
2) most of these sea dragon shareholders brought shares much cheaper than what they were issued to the public around 15cents
3) alot are now selling down , mainly "Sorenson" and this is still ongoing
4) SP is likely to drop until this is finished , meanwhile uninformed investors like me freak out and add to the drop by selling too.


DISC: not holding , but a few friends do which will make good banter this weekend.

[ari]

2) most of these sea dragon shareholders brought shares much cheaper than what they were issued to the public around 12cents


And alot of holders in SeaDragon got given their initial SNK shares for zilch!

[ocr11]

Cheers Turmeric

don't think il be investing any time soon.

[whatsup]

And alot of holders in SeaDragon got given their initial SNK shares for zilch!

That may be correct but each S Her was given around 40 shares, a unmarketable parcel who then had to buy further shares in the SPP in order for them to be a marketable parcel!

[robbo24]

Everyone is just too SNAKKED OFF at the SP - don't let it get to ya... Calm the SNAKK down...


Oh wait, everyone stopped doing this a long time ago...

[Copper]

That may be correct but each S Her was given around 40 shares, a unmarketable parcel who then had to buy further shares in the SPP in order for them to be a marketable parcel!

Thanks for that. Had been looking at Sea Dragon to see what went on.Am I right then in saying that Sea Dragon took up a different lot at point nine cents and have sold just that lot of ten mill the other day.Have many more to go but don't appear to be regular dumpers.
Regards..

[Copper]

no they will sell down off market and notify when doing so to large fish, not dump on market like others. seems SEA has started suffering a bit sp wise, have no idea why as they are expanding and have a fresh cash injection with more at hand if needed!

Many tks Moosie...Bgt some MBE and MKB when you mentioned them.Not raising mortgage stuff but your comments at times ring a bell with me.Do you mind looking at MBE thread .If you don't know then no problem.
Many tks again

[Copper]

Still got someone selling down solidly - let volume build up at 8c then jumped on it!

It looks almost planned selling and buying at 8 today.....

[Xerof]

Easily fixed moosie, take it off your watchlist, and take the weight off your antlers

[J R Ewing]

lol, I don't even own any, just sad to watch a company you once thought could do good things get utterly annhilated by a few people with more money than ethics...
Moosie, the company isn't getting annihilated, just some shareholders. IF the company is going to succeed, it can still do so whatever happens to the sp short term. But the real purpose of this listing was at least in part to make some short term profits for some involved in the listing. You can conclude that at least some of the people involved in the listing, which took funds from the public @ 12c/share, don't think the business is worth 8c/share.

[Copper]

Moosie, the company isn't getting annihilated, just some shareholders. IF the company is going to succeed, it can still do so whatever happens to the sp short term. But the real purpose of this listing was at least in part to make some short term profits for some involved in the listing. You can conclude that at least some of the people involved in the listing, which took funds from the public @ 12c/share, don't think the business is worth 8c/share.

Great... We need a few front row forwards in this debate instead of the usual non shareholding lot who seem to take great pride in offering their assistance to some punters that can sniff a bargain despite the large block of crunchers.

[see weed]

Great... We need a few front row forwards in this debate instead of the usual non shareholding lot who seem to take great pride in offering their assistance to some punters that can sniff a bargain despite the large block of crunchers.

I have said it before, the opposite to pump and dump... is deflate and accumulate. I have a lot of faith in this new company, but i do not have faith in large and small shareholders pushing the sp down. It is a long turm stock, and have to be patience. Just remember , this company is growing fast, and the 116% growth. If you are worried about the 4c drop in sp, then put them in your bottom draw and start again and accumulate more at the lower price.

[JohnnyTheHorse]

One thing I have found to be important in investing is to never believe your own bull**** and actually do real research. Sure, the revenue growth rate is high but that doesn't the mean the share price should be 15 cents or so. You need to calculate a value for the company and compare it to others in the industry. Just because it was trading around 15 cents for a few months doesn't make that the fair value of the company. I bet most holders on here haven't bothered to do any of this. A quick comparison with the likes of MM and I would say SNK should be trading at around 5 cents. Don't take my word for it though, do your own research.

This backdoor listing has worked out superbly for Sorenson et al.

[Balance]

Have a look at MBK and MBE on the ASX and tell me you would not want their stock instead of SNK. SNK is still valued around the area of MBE, but they have 4 times the revenue and are making profits! its all relative and part of doing market sector homework. another reason why I sold out...

Moosie, excellent point.

http://www.asx.com.au/asxpdf/20130806/pdf/42hhr9hjs3kb0m.pdf

MBE has gone from 2.5c in July to 10c now - 300% gain on huge huge traded share volume, as company crossed profit threshold and reported a profit after a number of years of building up its business.

SNK in the meantime?

[Balance]

I think once Snakk has proven its business model and starts a profit stream we will see the sp rise like MBE/MKB. this sector is brand new and obviously the old holders do not believe in it and have opted to widely disperse shares on market rather than lump sell (as big buyers are also lacking!) in the mean time, Sorenson et al will continue selling down. however, new holders continue to accumulate at (now) better prices. if a turnaround does happen, I wil be there to jump on. right now my risk vs reward calculator does not add up with too many "if's"! it seems I have missed the bandwagon on the others as FB has given them a massive leg up. this will be the next hot sector, I have no doubt about it. just who will lead it, I do not know.

I also remind others of Handleys takeover ideas. it may be good now but he may also eventually sell SNK for a song once the going gets good...

just my 2 cents :)

The hype was created, $6m of capital was raised at 12c but there was no follow through as Snakk is a backdoor list - no self respecting institutions will touch it.

Backdoor listing

= compliance listing
= no prospectus
= no forecasts
= minimal information
= invest with your eyes closed
= no yardstick to measure company and management with
= buying a car without test-driving

Those in the market long enough have seen the likes of Derek Handley (boy wonder) many many times before.

Remember Eric Watson, Mark Hotchin, Bruce Judge, Colin Reynolds etc etc? At one stage, the market thought Eric was going to backdoor list Flying Pigs but he fell into the trap of believing his own hype. Lucky for the market!

Substance is what the market is looking for and the first big mistake made by Derek is to do a BACKDOOR listing!

Hype will only carry so far. After that, the sp and how shareholders & directors behave are more telling.

Let's hope Derek is reading and taking note. New Zealand needs people who are game changers. He obviously thinks and wants to be a game changer.

For example, Steven Tindall was a game changer and there is not one person out there who ever doubted his integrity to look after shareholders and his passion for New Zealand.

So far, Derek has taken very very very good care of the backdoor listers. They have made millions. Other shareholders are down 37% a few months after listing. Massive transfer of wealth courtesy of the man who wants (heavens forbid) to bring more snakes to the market.

[Balance]

So here's a challenge to Derek and his team :

You have your backdoor listing.

Now issue to the market your projections and forecasts so the market can track and measure Snakk's progress.

I would not be holding my breath but surprise us.

After all, you want to be a leader, right?

[Balance]

its pretty easy to project targets for growth in this market, so be telling to see if they don't even do that simple favour. even I have a target for the company!!!

be interesting to see client numbers and growth as well. maybe margins as well. DIL and XRO do an excellent job of this.

time to man up and get with the times Derek, this is not an unlisted entity anymore. we need info, and tons of it so we can crunch our Snakk's!

Starting point is if the company shares with us which analyst is covering the stock, and what forecasts the analyst has got :

http://www.scoop.co.nz/stories/BU1308/S01008/snakk-presents-a-world-of-smart-screen-growth.htm

"“We've started our financial year with solid revenues and we are continuing to beat the analyst's forecasts for mobile advertising growth in Australia and New Zealand,” said Group CEO Mark Ryan. “To put it into context this first quarter revenue result equates to 97% of our revenue for the first six months of the previous financial year. Our team should be proud of their efforts, with the rest of the year looking positive.”

[Frankenstein]

Hi all, I bought a small number of shares in this company soon after the SPP earlier in the year at about 13.5c.

We all know what's happened to the SP since.

As a new investor I'm trying to decide whether to sell now and lock in my loss or put SNK in the bottom drawer and hold on for an SP recovery. There have been a few examples recently of posters locking in short-term losses on stock which has since bounced back - DIL and PEB in particular (both of which I also hold) - basically panicking and selling out at the bottom rather than holding on for the recovery.

I foolishly bought this stock based on hype rather than research and analysis, but want to make sure I'm making a sound, defensible decision going forward, whether that be holding, accumulating (unlikely) or selling.

Sentiment around this stock is obviously very negative at the moment with a huge overhang of sellers and I realise the SP is going to be getting lower before it gets higher. Sentiment changes however, and if the underlying fundamentals of the company are sound and the selling down is completed I want a clearer picture of how likely an SP bounce back will be - maybe not in 6 or 12 months but longer.

The reality is, if I sell now I'll have to double my money elsewhere to recover my realised loss. This company was trading comfortably at double its current SP a few months ago so hopefully I can be forgiven for thinking it may reach those levels again.

Background complete, here is my question. As a beginner investor, what options do I have for predicting an SP bounce back or at least determining a fair value for the company. I believe both Graham's and Lynch's formulas both require positive earnings so aren't appropriate. I'm currently trying to teach myself DCF analysis but am struggling because a) I'm not a finance graduate and looked at my first income statement a few weeks ago, but mostly b) The company is so young that it's hard to make any meaningful projects on margins.

Projecting revenue is fine - the industry is expected to grow upwards of 40% per year over the next few years so this gives a good minimum growth rate. Expenses are more challenging but I'll keep working through it and share what I come up with.

In the mean time, is there any other method anyone suggest I try?

I'm sure there are many many other people in my position, sucked in by the hype and now trying to figure out whether to hold or cut their losses. Everybody knows the SP is (probably) going to continue to fall - what I want to know is, what is going to keep it from coming back, longer term? I want an answer based on numbers, not sentiment.

[Balance]

Am sure See Weed and Copper are furiously working through numbers to enlighten all of us.


Hi all, I bought a small number of shares in this company soon after the SPP earlier in the year at about 13.5c.

We all know what's happened to the SP since.

As a new investor I'm trying to decide whether to sell now and lock in my loss or put SNK in the bottom drawer and hold on for an SP recovery. There have been a few examples recently of posters locking in short-term losses on stock which has since bounced back - DIL and PEB in particular (both of which I also hold) - basically panicking and selling out at the bottom rather than holding on for the recovery.

I foolishly bought this stock based on hype rather than research and analysis, but want to make sure I'm making a sound, defensible decision going forward, whether that be holding, accumulating (unlikely) or selling.

Sentiment around this stock is obviously very negative at the moment with a huge overhang of sellers and I realise the SP is going to be getting lower before it gets higher. Sentiment changes however, and if the underlying fundamentals of the company are sound and the selling down is completed I want a clearer picture of how likely an SP bounce back will be - maybe not in 6 or 12 months but longer.

The reality is, if I sell now I'll have to double my money elsewhere to recover my realised loss. This company was trading comfortably at double its current SP a few months ago so hopefully I can be forgiven for thinking it may reach those levels again.

Background complete, here is my question. As a beginner investor, what options do I have for predicting an SP bounce back or at least determining a fair value for the company. I believe both Graham's and Lynch's formulas both require positive earnings so aren't appropriate. I'm currently trying to teach myself DCF analysis but am struggling because a) I'm not a finance graduate and looked at my first income statement a few weeks ago, but mostly b) The company is so young that it's hard to make any meaningful projects on margins.

Projecting revenue is fine - the industry is expected to grow upwards of 40% per year over the next few years so this gives a good minimum growth rate. Expenses are more challenging but I'll keep working through it and share what I come up with.

In the mean time, is there any other method anyone suggest I try?

I'm sure there are many many other people in my position, sucked in by the hype and now trying to figure out whether to hold or cut their losses. Everybody knows the SP is (probably) going to continue to fall - what I want to know is, what is going to keep it from coming back, longer term? I want an answer based on numbers, not sentiment.

[Copper]

Am sure See Weed and Copper are furiously working through numbers to enlighten all of us.

Sorry Balance am taking a rest from research.Was going to say that your posts yesterday morning were very good.Handley etc will see them in some shape or form and I think an odd announcement may eventuate. Let's hope so.Good to reminisce about Hotchin Judge etc.I remember Judge Corp.Didn't see any prospectus but had a one for one bonus and quadrupling of share price before I got the scrip. Them were the days.

[winner69]

turmeric said Either shareholders on this forum havent got a clue, or are just not interested in helping out others. I hate to say it but my fear is it is the former. I think many people purchased their SNK shares on hype (me and you included) and not on any true understanding of the company.

I asked the same question (because I hold MBE and don't really understand how they actually make money) and was told I was stupid because everybody underatands this is a gold mine - mobile advertising is growing at 200% pa or whatever the number is

Agree with all that but how do the players make money money in this field - what are the drivers of revenue. No answers from anybody but then I am stupid.

So I agree with you mate - most have no clue.

[winner69]

Thanks turmeric

[robbo24]

Hi all, I bought a small number of shares in this company soon after the SPP earlier in the year at about 13.5c.

We all know what's happened to the SP since.

You could always buy more and capitalize on the fear (or good sense) of others...

[Balance]

You could always buy more and capitalize on the fear (or good sense) of others...

not fear - reality.

[Balance]

Given the SP has fallen from 15c to 7.5c one might have a pretty good basis to argue it is more good sense than fear.

So Rakon at $2.00 was good sense? After all, it had fallen from over $4.00?

Or maybe Rakon at $1.00 - just 25% of $4.00? Even better sense to buy it then?

Maybe, just maybe 25 cents will be best sense!

[Balance]

No Ballance, that's not what I am saying. I am saying the selling of SNK was good sense (rather than fear).

Bit confused by your comment? as I've clearly been negative on SNK for a while now and stated for the record I sold at 14.5c but anyway....

i was referring to Robbo24 comments.

Apologies if read wrong way!

[The Real Bud Fox]

Just finished Derek Handley's 'autobiography' From Heart To Start. The book was a good read right up to the last chapter where he has gone almost evangelical in wanting to save the planet, eliminate poverty, etc.

Up until then, I would have backed any company he was associated with as he is a winner (unlike Barker) but I must admit I have lost some faith.

Snakk is definitely in a 'growth' sector but the dramatic rise and fall in the share price and lack of specific communication from the company is a turn-off. Maybe it's a case of the Hyperfactory where we get a big media player taking it out?

[baller18]

New LOW - 7.4c on small volume but results from a 100,000 block on the line at 7.4c - next bid 20,000 at 7.2...
All the buy offers seems a bit fake to me as well?
Its all in such round numbers... All the way down from 3 cents up to 7.2 cents.. hmmm... what tricks are they up to now??

[Balance]

Good afternoon passengers, welcome to 'Snakk Air' We are about to land at 5pm. to let off some air sick people , and to pick up some new passengers. We hope you enjoyed your flight and will fly with us again at a later date and at a discounted fair

A whole plane lot now of sick passengers?

[Copper]

Not really huge though is it. $25k volume...

Makes it nice and easy to keep massaging the SP back up though.

One million shares at various prices will make others at least take note if that's possible.Someone has to be a buyer to match the sellers.

[Copper]

unfortunately it isn't fast enough as the price continues to slip and buyers stack up before being slammed by one big seller. looks like the gentlemans agreement to stay above 10 cents is out the window (just like 12 cents was!)

seeing all this buying makes me think a major buyer is in the wings waiting for Sorenson to get tired of his daily sell down and sell en masse. unfortunately, that buyer will use the markets strong downtrend to get the lowest price possible. we MAY see a bottom in the 7-6.5 cent range if so as Sorehead will not want to give up shares bought at this level for a lower price.

sad watching MKB and MBE explode on the back of the FB report while SNK implodes because of one sneaky snake...

stay tuned...

Good call Moosie....at least a level head.......

[Dentie]

I'm waiting for the SP get to meet me at .0001 - then I'll dance with it.

[Dentie]

don't do hundreths of a cent dentie :p


I'll have to really think about this hard then Moosie and maybe get bold and chance my arm at .001. Surely they're good for that.

[robbo24]

I'm going to text him and ask him to sell me a block of shares at 1 cent each

[robbo24]

No reply yet...

[RTM]

Care guys.....he may take you up on it !



Nope, no more notices from him unless he goes back above 5%. Snake in the LONG grass now just ready to bite anyone who meanders in to it...



Good man, think I will too. Outbid you at 1.1 cents ;)

[robbo24]

Care guys.....he may take you up on it !

Right then I'm going to ask for 1.2 cents then

[robbo24]

Right then I'm going to ask for 1.2 cents then

Seems like Sorenson is not keen to negotiate an off-market sale then...

4869

[Blendy]

hahahahaha, nice :)

[Blendy]

can't believe his phone number was included in the release - that's not normal is it?

[robbo24]

can't believe his phone number was included in the release - that's not normal is it?

I will give a prize to the person who can negotiate the lowest off-market transfer using the cellphone number

[robbo24]

Challenge accepted!!!

I'm thinking of following up with a "come on Sorenson, I thought we were friends..."

[blocker3]

Can anyone tell me when Q2 is likely to be released?

[blocker3]

2 months away matey potatey

Is this normal to be so late as we are now 5 days away from finishing the Q3 period?

[blocker3]

Nope, most companies give it a month before releasing their reports as they need to make sure their figures are absolutely spot on. This may be the NZX, but still need to get things right!

Thanks for that. Cheers

[robbo24]

324,000 shares on the table at 7 cents and above. Who wants to bet they will be snaffled up by one big seller today? Maybe a dip below 7 cents as well today?

Meanwhile the sole shareholder and director of Snakk Trustee Limited won't sell to me at 1.2 cents each. It's not fair, I want my 6 bagger.

[ari]

http://www.idealog.co.nz/blog/2013/06/derek-handley-and-b-team-unleashed
Bit old, but can't seem to get the Plan B quote "not for profit" out of my head....just hope Handley keeps those sentiments to Plan B!

[blocker3]

Question. If your man stays away , has the tide turned. Buyers/ Volume are now bigger than Sellers/Volume?
Interested for any comments + or -.

[Copper]

That close today should wake the dead.

[MPC]

That was mine sold at 7.9. Forgot about that. Now the price will run as usual...
Cheers,
MPC

[Copper]

the market was very slow today so I wouldn't be calling an end to it at all. that wss blatant window dressing of the sp as well, as is commonly done with SNK. nothing has changed.

I would think that to window dress you would not take out three sellers for a strange number of shares.As Turmeric says the price will probably go down on Monday but that snake of yours is either asleep or is playing a waiting game.There will be some chartist that says it has broken above the 10 day average despite not knowing the background to this share.

[Balance]

Moths to a naked flame.

Possum caught in the headlights.

[Snow Leopard]

Moths to a naked flame.

Possum caught in the headlights.

and Balance to the Snakk thread :)

Best Wishes
Paper Tiger

[Balance]

Yup agreed, this wasn't the usual $200 window dressing end of day trade like what we have seen before. This was clearly someone buying...$2,686 by the looks. Small money in general terms but re SNK its actually a reasonably sized trade.

Things have changed ever so slightly - time will tell if this is a longer term thing or not though

Now why would you pay up to 7.9c when stock has been supplied whole day and week long at 7c to 7.2c?

Yawn.

[Copper]

Now why would you pay up to 7.9c when stock has been supplied whole day and week long at 7c to 7.2c?

Yawn.
A fair chance it's put the order in the system,no limit and push the button....Not paid to think....

[Copper]

Amen to that.

Going to be interesting to see what this week brings. Market cap and SP keep falling downwards as revenue increases at a fast rate and the company brings on more clients. Oversold levels have been in play for months on end now and buyers are in complete control of the SP.

Doesn't make much sense now does it? Remember, Sorehead still has ~12M shares to offload for those willing to pay him his investment banker salary...

My feeling is that with the number of trades at 7 to 7.5 including that half mill at 7 we are indeed at an equilibrium point .If Mr S is an intelligent person which I think he is then he will realize at some time that stepping back a little can only help his cause.Apart from him and that other large holder there appear to only be some panic merchants.Question is do they need money.
If it settles then 8 or 9 could easily be achieved and any upward momentum may continue short term.I think it was Newtons theory, 'For each action etc.'

[gv1]

Why are we just focusing who is selling.. there is interest, someone is buying from these big sellers. If no one was buying then its a problem. I think the co will perform. As I said before why don't we all together buy out this big seller and then direct the co to where we want it to go.

[Balance]

Why are we just focusing who is selling.. there is interest, someone is buying from these big sellers. If no one was buying then its a problem. I think the co will perform. As I said before why don't we all together buy out this big seller and then direct the co to where we want it to go.

Simple - because so far the mugs have been buying ($6m at 12c, and all the way to 7c) and the sellers have been laughing their heads off.

Those buying Rakon all the way from $1.00 down to 20 cents probably thought they were buying well, at every price step down.

How far will it go - question is what is Snakk worth?

Try a comparison with MBE - then use your head, rather than greed and fear of missing out, to decide on a entry point.

[gv1]

[QUOTE=Balance;430113]Simple - because so far the mugs have been buying ($6m at 12c, and all the way to 7c) and the sellers have been laughing their heads off.

Those buying Rakon all the way from $1.00 down to 20 cents probably thought they were buying well, at every price step down.

How far will it go - question is what is Snakk worth?




Okey, got your point. Thanks Balance for your infor.

[Balance]

Yup agreed, this wasn't the usual $200 window dressing end of day trade like what we have seen before. This was clearly someone buying...$2,686 by the looks. Small money in general terms but re SNK its actually a reasonably sized trade.

Things have changed ever so slightly - time will tell if this is a longer term thing or not though

Could have saved himself $204 today.

Donate it to the Salvation Army or Red Cross and do some good.

I have no issue with Sorenson or anyone connected with back door listings making money - I say, GOOD on them.

[Balance]

It would be $234 if Sorehead was paying the same rate to his broker as us normal folk. You actually expect an investment banker of his type to be donating to the Sallies? You're a funny man Balance!

I am writing about the buyer who paid up to 7.9c - after the stock has been trading all day and week long at around 7.2c.

Buyer could have donated that money to charity.

[Balance]

Ah right. Can't rule out that it was him window dressing to that tune though...

Wouldn't be him - he is a very very good investment banker.

I say, GOOD on him making money out of backdoor listings.

Buyers beware and he is 'simply licking his balls.'

[Balance]

I am tempted to jump back in and trade the hell out of SNK just to piss him off! Even if I lose a bit it would be so much fun to get in front of his sells for a few days :eek2:

Don't waste your time - there are enough mugs out there queuing up to take stock.

[Blue Horseshoe]

Wouldn't be him - he is a very very good investment banker.

I say, GOOD on him making money out of backdoor listings.

Buyers beware and he is 'simply licking his balls.'

OK lets get some facts straight here.

The person that made the famous quote was John Sorensen of Plus SMS fame not Michael Sorensen of Snakk Trustee fame, two totally different people, have a look online at the companies office.
Also, here's the quote from the Sunday Star Times - http://www.stuff.co.nz/sunday-star-times/business/3350465/Huljich-punt-ups-the-ante

[blackcap]

Whats the bet one of the orders at 6.5 is a phantom bid?

[robbo24]

He tries to be patient, but the market thins out more and more every week because of his still massive overhang, and those balls need a good ol' licking! :eek2:

My offer of 1.2cps to your best mate Sorenson will be attractive to him as the SP notches down and down to 0.1 cents.

[see weed]

I am getting air sick on Snakk Air . Emailed Sorenson last week... no reply. If i jump now, to many thousands of dollars down the drain. Mark Ryan still sounds pretty positive. Funny....nearly bought some more at .072, glad i did't. Too deep in now to get out. Might have to sit tight now and wait. Please fasten your seat belts and enjoy the roller coaster. Still have'nt lost as much as i did on 'it Capital'. We should start a competition on who can loose the most loot.

[blackcap]

If i jump now, to many thousands of dollars down the drain.

And if the price falls to 2.5-3.0 cents per share?

Not trying to be funny or rude, but sometimes it really is better cutting losses when you can. I am not saying that Snakk will go down this path however I have seen it too often with inexperience investors.. (my dad being a perfect example). They will not sell a share when it is in a loss position and watch as the stock keeps going lower and lower. Conversely when a stock does recover they sell at the first instance of profit. Anyone here see the big elephant in the room? I used to do the same but the last 10 years or so has taught me (as hard as it is) to cut losses where possible and let profits run. Once you get to that stage you invest a lot more comfortably and profitably.

[tosspot]

So anyone have an idea about how many more shares sorenson has left. if this hits 5c may pick my interest

[Blue Horseshoe]

I am getting air sick on Snakk Air . Emailed Sorenson last week... no reply. If i jump now, to many thousands of dollars down the drain. Mark Ryan still sounds pretty positive. Funny....nearly bought some more at .072, glad i did't. Too deep in now to get out. Might have to sit tight now and wait. Please fasten your seat belts and enjoy the roller coaster. Still have'nt lost as much as i did on 'it Capital'. We should start a competition on who can loose the most loot.

It's a one horse race, the person who purchased 10M off Sea Dragon at 9 cents - down 200K so far.

[okay]

and the kicker is, Handley paid more for his shares than Sorehead! this guy saw it all coming from miles off...


Far East Associated Traders subscribed to 25M SNK at 0.5c The issue price was satisfied by the payment of $125k by FEAT to Snakk. Derek Handley is a director of FEAT

and SNK issued 100M SNK shares at 5c in settlement for 100% of the share Capital of Agent M Group,
The counterparty to the Share Sale Deed, as vendor of the Agent M Shares, was Agent M Holdings Limited (“AMH”), a company in which Mr Handley is a shareholder and director.

It finishes by saying:

The directors of Snakk did not receive or rely on any independent advice in determining the 5 cent per share valuation; and..
The final value attributable to the Agent M shares was largely theoretical.

PAGE 23 AND 24 http://investors.snakkmedia.com/wp-content/uploads/2013/02/Snakk-Disclosure-Document-10-February-2013.pdf

[comatose73]

Yuck - that speaks volumes....

[Balance]

Far East Associated Traders subscribed to 25M SNK at 0.5c The issue price was satisfied by the payment of $125k by FEAT to Snakk. Derek Handley is a director of FEAT

and SNK issued 100M SNK shares at 5c in settlement for 100% of the share Capital of Agent M Group,
The counterparty to the Share Sale Deed, as vendor of the Agent M Shares, was Agent M Holdings Limited (“AMH”), a company in which Mr Handley is a shareholder and director.

It finishes by saying:

The directors of Snakk did not receive or rely on any independent advice in determining the 5 cent per share valuation; and..
The final value attributable to the Agent M shares was largely theoretical.

PAGE 23 AND 24 http://investors.snakkmedia.com/wp-content/uploads/2013/02/Snakk-Disclosure-Document-10-February-2013.pdf


BACKDOOR listing.

What else is to be expected?

So Derek & gang gets 25m shares at 0.5c with no restrictions whatsoever to sell - at 7c still a profit of 1400%!

Agent M was valued at $5m? Could be worth all of $1m - so another 400% there.

They have already MADE their huge profits!

And there are guys here thinking that they can play the game and make money with this crowd?

[blackcap]

So when the thread is saying that Sorensen has got some 11million to go, it is quite conceivable that there are another 25 million (FEAT) that need to go above .5 cents and then another 100 million that can be sold above 1 cent. Boy o boy, I think this stock really is going to go down to the 2 cent mark before the year is out especially if buyers wise up and realise what is happening. But no there will always be mug punters out there that do not do their research and accept anything that they WANT to hear (denial).

[winner69]

BACKDOOR listing.

What else is to be expected?

So Derek & gang gets 25m shares at 0.5c with no restrictions whatsoever to sell - at 7c still a profit of 1400%!

Agent M was valued at $5m? Could be worth all of $1m - so another 400% there.

They have already MADE their huge profits!

And there are guys here thinking that they can play the game and make money with this crowd?


Sort of trickle down theory in reverse eh balance .....passing the wealth down to the multitudes .....whoops wrong way around

[winner69]

SNK has a great business model in a boom industry ....punters can't go wrong

[robbo24]

SNK has a great business model in a boom industry ....punters can't go wrong

If they really do make well designed, cross-platform compatible, interactive advertising whereby a large client can go directly to Snakk and know that their target market is reached through all types of "screens" - then yes, they do.

What strikes me is that a company who does the above task well could be worth a lot of money - however, if it's all a lie/hype so Sorenson can sell some shares then that's frankly pathetic.

[Blue Horseshoe]

If you took Sorensen out of the picture I wonder what the share price would be now.
He is only a shareholder with less than 5% now, he has no say on the running of the company.
If Snakk is successful in the future I'd say Mr Sorensen will be kicking him self for selling up to soon.

[blocker3]

I like the future for this company. But this morning I sold down for safety.

[Schrodinger]

I give up. I like the future for this company. But this morning I sold down. MBE (ASX) yesterday was a fast trading day to watch .The ASX also asked MBE whats going on with 17 m shares being traded.It was a frenzy. MBE is the fast lane and I am not quiet ready for
it yet.

I dont usually comment on trades but this makes no sense to me. Why would you sell if you like the company?

[blocker3]

Can any one tell me is MBE ASX (same type of company as SNK) looking like a PUMP and DUMP?

[blocker3]

I dont usually comment on trades but this makes no sense to me. Why would you sell if you like the company?
SNK for the long term

[GRIFFIN]

Give Derek a break he's finding it hard to sleep at nights as it is with all those folks who invested in SNK now with their investment only worth half what they put in. Plus the fact that previous to SNK he was regarded as a bit of a clever clogs business man a Flash Harry some may say and its being quickly eroded.But in saying that maybe he has a cunning plan and all will yet turn to gold.

[Longhaul]

Despite all these SP shenanigans, the reason I bought in is that SNK is in a rapidly growing industry and hopefully Derek and Co. have the ability to grow with the market and gain decent market share. It will be interesting to see where SNK is in 12 months time.

"According to the IAB Australia’s Online Advertising Expenditure Report, online advertising across smart phones and tablets recorded a whopping 183% growth in the three months to March, which almost tripled the total mobile market from $13m last year to $36.6m this year." - IAB Australia (http://www.iab.org.nz/news/item/australia-mobile-ad-spend-fuels-growth-in-online-expenditure) March 2013.

[gv1]

Despite all these SP shenanigans, the reason I bought in is that SNK is in a rapidly growing industry and hopefully Derek and Co. have the ability to grow with the market and gain decent market share. It will be interesting to see where SNK is in 12 months time.

"According to the IAB Australia’s Online Advertising Expenditure Report, online advertising across smart phones and tablets recorded a whopping 183% growth in the three months to March, which almost tripled the total mobile market from $13m last year to $36.6m this year." - IAB Australia (http://www.iab.org.nz/news/item/australia-mobile-ad-spend-fuels-growth-in-online-expenditure) March 2013.

Same here, by this time next year, if they are not performing than its a different story.

[Longhaul]

Yep, would have been nice to have waited until now. Thankfully I tend not to invest a lot of money in hope, so the paper loss is not that a big deal.

[blackcap]

Some reasonably large bids appearing close to the offer which is very strange for this company. 200k at 6.9 bid, 100k at 6.8, and 300k at 6.7.
Is this the turning of the tide or will we be sucked in again. Wonder who is buying those amounts though.

[blackcap]

certainly seeing a pick up in interest, although this has happened multiple times before.

might put in a sneaky 30M bid at 0.001 cents to see if Sorehead just wants out :p

I dont watch SNK often enough I guess, but this is the first time I have seen this kind of demand. But if you have seen it before.... ok nothing new then, its only a matter of time before a broker calls a client with "we can do another half mill if you want"....

[Copper]

I dont watch SNK often enough I guess, but this is the first time I have seen this kind of demand. But if you have seen it before.... ok nothing new then, its only a matter of time before a broker calls a client with "we can do another half mill if you want"....

It is definitely related to whitebaiting.They appeared a few days ago only to fade away when the interest was ignited.We may have seen it all before but eventually something happens.The only thing I can add is that is that a guru said that it all depends on when the lupins flower .They are now doing that so we may be on an upswing.Let's hope so.

[Copper]

Interest has risen once again. Wonder if Sorehead is playing silly buggers letting the SP rise again before selling down just like he did in late July (see the charts for that one). Concordantly, if I was buying at this level I would sell on any price rise over the next week.

DISC - Not holding SNK, nor looking to initiate positions.

Some 200,000 thru late in day. If your mate is selling he is acting in a very responsible way.There has always been the odd 100,000 lot thru in last few days and never bashing the market.Let's hope this type of activity continues as the turnover is rising by the day.....

[Copper]

responsible? ha! he only wants to maximise profits so has laid off for awhile to let more sheep through the gates!

11M+ shares left, remember that.

you can fleece a sheep many times, but skin it only once ;)

Moosie you must be a farmer.I have to look on the bright side and hope it's an MNW.I hope those antlers are well polished. I was looking back at past posts on number 45 etc and you would get a fright on what everyone was saying. It's amazing what the day to day comment looks like when you look back.There are a number of posters here that must be full to the gunwales with SNK if they were true to their word......regards.

[Copper]

lol. I am nothing but a humble archivist copper, nothing even remotely close to a farmer. I am suggesting caution and patience here for a bottom to form, buy signals to fire and sorenson to be totally out. that's when I buy back in ;)

Yep my mistake.....I now recall the references to a museum.I wish you well as I recall I think that you were getting all in place to open it or an exhibition.I wish you well in those endeavours.
Kindest regards.....

[Toasty]

Due to a typing error when dumping my shares I managed to retain 600 of them. So far this debacle has cost me a $29 brokerage fee and my $72 retained accidental shares have declined to $43.80. The humanity!

[Balance]

Of course, Handley buying up would be a big buy signal.

Also, compare MBE and MKB valuations to SNK. Using revenue forecasts and basing valuations upon that helps as well. EV is another to use when there is no profit.

A lot is to be desired in the company targets and I'm sure if we pressured Handley we could get some out of him.

Right now my money is on DIL long-term. If Snakk changes, I might consider switching my money. Until then, my money stays in the hands of another company that already has a proven track record (although their management leaves a bit to be desired as well!)

I still don't get it - care to show us your valuation comparisons against MBE and MKB?

Forget about Sorenson or whosoever dumping - that is irrelevant if the valuation stacks up.

Sorenson and others are perfectly entitled and good on them for locking in their 1400% profits.

[Copper]

Just as an aside there is a table in the investor presentation on 24/9 of ABN ..Ad Effective ,that has revenue to market cap of several companies including MKB and MBE .Prices may have altered but interesting all the same..regards..

[ocr11]

Yeh moosie , would like to hear your valuation , using MBE P/S multiplier i get Snak valued pretty dam low. Like .... 3 cents range ! and thats being lenient using a P/S from when MBE has boomed.

not much to go on with just P/S but atleast it hasn't been polluted with all the discretionary spending that's probably going on in Snak

very rough ,by no means do i think im right, but its enough to keep me out ...


i haven't considered MKB though

[lastmoa]

yup had a great opening last weekend, exhibition is a hit as well. met dellow to boot!

Good to meet, Moosie. Good chat, albeit when you were working.

[The Real Bud Fox]

I heard from 'someone' that SNK has a shareholding or has invested some money into a company with specialist geo-tagging capabilities called Moasis (sp) and at least one big media company in NZ is using SNK heaps.

Mobile and tablet advertising spend is going through the roof, albeit off an almost zero base, so if SNK is getting its fair share all of this postulating about shareholding overhangs may become even more irrelevant.

[The Real Bud Fox]

First hand. And, within the industry. I'd make up a far more elaborate story if I wanted to ramp. What an odd question?

[Frankenstein]

I also heard from 'someone' (an industry insider) that SNK is being used for one of the large bank's campaigns - helping us be good with money. Just a bit of goss for a Friday arvo...

[blackcap]

Why should they announce these kind of things? I like companies that announce only the necessary, are not worried about spin and hype and just keep their heads down, bum up do the work they need to do and deliver. Companies with too many announcements that are not material (look at us what we are doing) are an aversion to me.

[winner69]

Why should they announce these kind of things? I like companies that announce only the necessary, are not worried about spin and hype and just keep their heads down, bum up do the work they need to do and deliver. Companies with too many announcements that are not material (look at us what we are doing) are an aversion to me.

Agree with you there blackie ....it would get bloody boring if we heard about every new ad they produced or whatever. Only the important stuff is important

By the way I heard from a friend who has friends in the industry who said that in Australia the pecking order for total billings in this space is Big Mobile followed by In Mobi and then Snakk and then Mobile Embrace

Then the other day having a drink with a agency guy in Wellington, work related of course, who confirmed all we have heard about the growth of mobile advertising - even old fashioned companies who generally are slow to reposnd are beginning to see the light of day. One issue he mentioned is that there doesn't seem to be any real way of measuring things - advertisers hate wasting money on things that nobody looks at and the comment was that although the gung ho providers say zillions see the ads etc no body can really prove how many. This guy also made mention that Snakks tie in with Vodafone (Vodafone Live or something) could be a bad move for them as might inhibit new customers or something like that.

Still haven't worked out what the real drivers of profitability of these sort of companies is,

[winner69]

Yhe industry use a term 'viewable impressions' .... advertisers want to know a number but suppliers cant tell them .... except zillions so trust us

[etrader]

When snk raised 6.5 mill they could have taken out MBE for 8 million in cash which has now turned into 40 million plus. Did they raise those funds to use as their cash burn over the next two years an we get left with a shell that does 4 - 5 mill an looses a few 100k per year.

[see weed]

When snk raised 6.5 mill they could have taken out MBE for 8 million in cash which has now turned into 40 million plus. Did they raise those funds to use as their cash burn over the next two years an we get left with a shell that does 4 - 5 mill an looses a few 100k per year.
Look on my post on 28/8/13 page 120 result no. 1786 They should last about 8 years if they did not have any income.

[whatsup]

Any ideas as to when we can expect the next financial ann, do they have 1/4 or only 1/2 yearly anns ?

[Copper]

Just. An aside on maybe the Sore one. Selling. There has been 100,000 a day in one lot being sold every day just after lunch or when there is enough build up.That's 4 or 5 months worth if it is our man.At least this seller doesn't seem to kill everything.

[see weed]

Just sold 1/3 of my Snakk holding. Three lots i bought above spp price. A controlled loss of $4,449.00c for tax purposes. Gee this is fun, can't wait to do the next lot. Might even try some of those Vets Moosie is talking about. Never heard of Vet on the share market, what do they do? Fix aminals or something. .... animal aminal Must edgeumacate myself one day.

[Dentie]

Just sold 1/3 of my Snakk holding. Three lots i bought above spp price. A controlled loss of $4,449.00c for tax purposes. Gee this is fun, can't wait to do the next lot. Might even try some of those Vets Moosie is talking about. Never heard of Vet on the share market, what do they do? Fix aminals or something. .... animal aminal Must edgeumacate myself one day.

Hi Seeweed...time for me to edgeumacate myself...can you help me understand what you mean by a "controlled loss"?. Is this one where you deliberately sell off your shares at a loss (compared to what you paid for them...or to offset a similar amount of gains on other shares) so you can save having to pay tax?

Isn't that like spending a dollar to save 30c?

Can't you achieve the same by purchasing a share at say $1 ... then just holding in the hope it doesn't increase in value?

[see weed]

Hi Seeweed...time for me to edgeumacate myself...can you help me understand what you mean by a "controlled loss"?. Is this one where you deliberately sell off your shares at a loss (compared to what you paid for them...or to offset a similar amount of gains on other shares) so you can save having to pay tax?

Isn't that like spending a dollar to save 30c?

Can't you achieve the same by purchasing a share at say $1 ... then just holding in the hope it doesn't increase in value?

I usally do it on 31st. March , last day of finanical year, so don't have to pay as much tax. You then have the choice to buy them back, or move on. Did it with AIR. 26 months ago buying in at 1.03, 1.05, 1.06, 1.09, 1.10 and 1.13 , sold them at .915c then bought them back at .89, .88, .90, .845, .875, 1.04, 1.105, 1.13.

[Dentie]

Thanks mate...interesting perspective.

[Copper]

I usally do it on 31st. March , last day of finanical year, so don't have to pay as much tax. You then have the choice to buy them back, or move on. Did it with AIR. 26 months ago buying in at 1.03, 1.05, 1.06, 1.09, 1.10 and 1.13 , sold them at .915c then bought them back at .89, .88, .90, .845, .875, 1.04, 1.105, 1.13.

In my day it may have been seen as deliberately evading tax and knowing the current beauracratic mindset they may think the same..That aside I think I will stick to white baiting.It's
a lot less stressful but not very productive at present.Kind regards......

[blackcap]

In my day it may have been seen as deliberately evading tax and knowing the current beauracratic mindset they may think the same..That aside I think I will stick to white baiting.It's
a lot less stressful but not very productive at present.Kind regards......

It may look that way Copper but my understanding is that (in Australia) this is standard practice. Not so much heard of in NZ though. But I would have thought the exercise is self defeating and only aids the brokers. Because ultimately you hope that the stocks go up and now that you have bought at a lower base, you will end up paying more tax later. That said this gives you the ability to defer tax I guess and you can determine how much you pay. But the down side is an additional 2 transactions benefiting the broker.

[see weed]

Somebody changed their mind, 100,000 @ .071 for a few hours, then gone. Also 66,000 @.077 back to .079. What a lot of fun and games, somebody is doing some fishing. Who is that 200,000 @ .069? Is that you Moosie , sneaky toe in the water. ASB should put their names beside each order......just joking.

[Copper]

lol ain't touching her with a bargepole just yet see weed. that woukd be sorehead playing around with his 100k parcels most likely, nothing more to do on a slow day...

It is interesting to note that today in Aussy ,MBE,MNW,and ABN who are also in this space were in the top 25 of turnover.If Sorehead was to retreat a little the Aussy interest may arise here.I know that Balance and Moosie will have all their negatives but like Sonny Bill Williams ,the opposite to what you may think,may occur.On a pathetic turnover we were not privy to a burst of selling by anyone today.I sense a wind change .Wait for the reaction.??

[Balance]

Unbelievable the amount of trading and valuations going on on the ASX for mobile ad companies. MBE, MKB, MNW, ABN all showing 10%+ gains today as the market goes risk-on hard and the mobile ad market becomes the hottest sector out there.

Meanwhile, Snakk languishes on a single large trade today as everyone is still obviously afraid of Sorehead trading them down to nothing.

If his greed didn't get the better of him I'd say we would see SNK pushing 20 cents right now on the back of the market going bananas for these stocks right now.

Amazing what 1 man can do...

He is giving you the opportunity to buy in cheaper?

Take the opportunity if you believe in the mobile ad story.

[J R Ewing]

Unbelievable the amount of trading and valuations going on on the ASX for mobile ad companies. MBE, MKB, MNW, ABN all showing 10%+ gains today as the market goes risk-on hard and the mobile ad market becomes the hottest sector out there.

Meanwhile, Snakk languishes on a single large trade today as everyone is still obviously afraid of Sorehead trading them down to nothing.

If his greed didn't get the better of him I'd say we would see SNK pushing 20 cents right now on the back of the market going bananas for these stocks right now.

Amazing what 1 man can do...

I think you are looking at this from the wrong angle Moosie. 20c/share would value Snakk at about $60 million. What for? Is it really worth that just because it's "a company - any company - operating in this growth sector"? If SORESNSEN thought the underlying value of these shares was 20c - why would he be selling at 7c? I haven't seen anything that makes me think the man is stupid. Unless you think maybe he just wants to share the future profits around?

My take on this is that it's a start up company in a growth sector. Maybe it will succeed - maybe not. Either way the guys running it are OK, there is enough cash in the bank now to pay wages/salaries/directors fees etc for a few years while they have a crack at it. If they were confident, they would have funded the next couple of years cash burn themselves or with debt - not equity. They chose to fund this by parting with equity and Sorensens cut for facilitating that was cheap shares that he could dump on the market after the capital raising. My gut feeling is that the current market valuation of $20 million is on the high side and I wouldn't be paying 20c a share without some clearer evidence that Snakk has some unique IP that might allow it to succeed. If the market thought the share was worth 20c then Sorensen would be completely out by now - it wouldn't take a huge amount of money.

[Balance]

Just have a look at those other stocks to see their valuations, then compare their cashflows to SNK's and you can see why it would be up near 20 cents. Not saying it's right, just saying everyone is riding high and there appears to be a bubble forming with everyone jumping on the bandwagon to push it higher, but Snakk has totally missed out and is going in the opposite direction because of one guy.

Not a very good sign from the company that they would list on the market just so Sorenson could dump all over everyone as well...

You got it wrong, Moose.

He is giving u the opportunity to buy in cheap if u believe Snakk is worth 20c.

[hilskin]

I think you are looking at this from the wrong angle Moosie. 20c/share would value Snakk at about $60 million. What for? Is it really worth that just because it's "a company - any company - operating in this growth sector"? If SORESNSEN thought the underlying value of these shares was 20c - why would he be selling at 7c? I haven't seen anything that makes me think the man is stupid. Unless you think maybe he just wants to share the future profits around?

My take on this is that it's a start up company in a growth sector. Maybe it will succeed - maybe not. Either way the guys running it are OK, there is enough cash in the bank now to pay wages/salaries/directors fees etc for a few years while they have a crack at it. If they were confident, they would have funded the next couple of years cash burn themselves or with debt - not equity. They chose to fund this by parting with equity and Sorensens cut for facilitating that was cheap shares that he could dump on the market after the capital raising. My gut feeling is that the current market valuation of $20 million is on the high side and I wouldn't be paying 20c a share without some clearer evidence that Snakk has some unique IP that might allow it to succeed. If the market thought the share was worth 20c then Sorensen would be completely out by now - it wouldn't take a huge amount of money.

Well said Sir J R Ewing

[Longhaul]

Does anyone know when will Snakk be releasing its next revenue update?

[hilskin]

Does anyone know when will Snakk be releasing its next revenue update?

Last announcement below was nearly two months after the quarter had finished, so July 2013 to September 2013 quarter revenues maybe around the end of November??????

26 August 2013 - Snakk Media Limited today announced
its first quarter unaudited revenues from April-June of $1,202,464
representing a year on year increase of 116% over the corresponding quarter
of last year. Trading continues to look strong for the next quarter.

[hilskin]

With the fall in SP seeming to have stalled and the interest shown in OZ for this sort of company I would expect to see the SP start to head upwards especially before the next quarterly announcement. We should hopefully see some reward for all those investors who held on and blocked out all that noise that seemed to be flooding this thread.:)