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Thread: Snakk

  1. #4341
    Reincarnated Panthera Snow Leopard's Avatar
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    Announcement says that their Australian subsidiary is in administration.

    So Snakk Media Limited survives for now, but I guess it will follow suit in due course.

    SEA sold it's Snakk shares many years ago.
    om mani peme hum

  2. #4342
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    Quote Originally Posted by Snow Leopard View Post
    Announcement says that their Australian subsidiary is in administration.

    So Snakk Media Limited survives for now, but I guess it will follow suit in due course.

    SEA sold it's Snakk shares many years ago.
    and this is now a shell waiting another life with less than a million M C, the lowest on the NZX !!

  3. #4343
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    https://www.nxt.co.nz/companies/SNK/...cements/330263

    He of Viking Capital & ICP Bio throws in the towel

    And guess Mr Marvin Yee who invested $55,000 will simply have to treat his investment as a 'look-see' fee?

  4. #4344
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    Dust to dust eh Handley, more govt advice in the offering on how not to do things ?

  5. #4345
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    https://www.stuff.co.nz/entertainmen...ig-yellow-taxi

    To give the Handley devotees their fix.

  6. #4346
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    Quote Originally Posted by Ogg View Post
    http://nzx-prod-s7fsd7f98s.s3-websit...227/297094.pdf



    What does this mean? Are they planning on doing another back door listing as a shell company?
    It seems to mean that a week ago the company went into liquidation and they didn't announce it to the market, and all shareholders are fecked unless they apply as a creditor, which they are not, for recompense on any moneys retained or recovered. The option is left open to sell the company as part of the recovery but as the receiver alludes, the recoveries are slim to none (paraphrased).

    In plain english, it's 'over rover'. Your investment in this dog, which you should have seen coming a long time ago, has vanished.

  7. #4347
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    Quote Originally Posted by Dentie View Post
    Agree with you Swift but haven't bothered putting it on here....just inwardly thanking the sellers for the opportunity instead!

    Most of the negative subjective comments on here have not been based on the object numbers - but more so on the apparent obsessive dislike of RH & Co by the self appointed "thread influencers". A couple of recent board exits have given them more fodder to chew over unfortunately.

    Nothing wrong with swimming against the tide sometimes.....that's where the money's made - ask Soros! I'm happy with the last lot of numbers and, given their growth in their broadening markets etc...I'm looking forward to the next lot of numbers before reviewing things again.

    Actually, given the current SP, I wouldn't be surprised if the Coy didn't start buying itself back!
    Quote Originally Posted by Swiftideas View Post
    Sell now and you're a bloody idiot.
    This company is doing real figures in a high growth sector and has good market share in rapidly maturing regions.
    The seed exits were contentious but the smart money is on a buy. PS just balanced and PE is on the rise.
    Plenty pie in the sky stocks on NZAX but very few with $M's on the books and ++%'s in the outlook
    DYOR
    Two of the more famous comments in 2015 when the writing was already on the wall.

  8. #4348
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    Ultimately their product was caught in a squeeze with the growth of social media use, they were having to fight with the crumbs.

    Cost base (277k in director salaries, 400k leases and millions in salaries...) caught up with their inability to grow past 10M

  9. #4349
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  10. #4350
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    Love the laughing Handley under the heading Snakk was most likely insolvent

    But he left it a great state ...solvent with fantastic prospects
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

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