Snakk

**000831** · 22-01-2014, 02:59 PM

actually buying.................but not big amount

**Banksie** · 22-01-2014, 03:00 PM

Been looking at this company again after a long hiatus. Unfortunately it still doesn't seem to have much substance to me, even less now their client facing website is gone.

As far as support staff go - the Australian addresses listed on their website look like virtual offices to me but I can't tell about the Auckland one. Does anyone live near Silicon Villa, 65 Ponsonby Road? Is it a Snakk office?

So I looked up their employee figures from the annual report:
Directors 3
Officers 2
Employees 7

Anyone know where these 7 workers are?

**winner69** · 22-01-2014, 03:00 PM

Originally Posted by 000831

Read the interim report again,

Balance Sheet

NK keeps cash and equivalents as much as $6,923,709. Receivables $2,088,505. It has as little as $15,720 in fixed assets. Why it raised loan from bank, increasing by 138.5% to $2,260,343. Does anybody know why it borrows money and use the money for what purpose? Parentally, it does not purchase fixed assets or huge research on software or technology.

Who can explain the accumulated loss in Equity, $4,115,756 in 2013?

I see no bank loans

The number you quote is what they owe creditors ...people they buy stuff off

The Accumulated Loss is just that ....how much they lost since starting. The bigger this number is the better many say ....means they doing heaps of stuff and selling heaps

**mrjeems** · 22-01-2014, 03:05 PM

Originally Posted by Banksie

As far as support staff go - the Australian addresses listed on their website look like virtual offices to me but I can't tell about the Auckland one. Does anyone live near Silicon Villa, 65 Ponsonby Road? Is it a Snakk office?

On google street view it has big "for lease" signs on it. So if we assume that street view is 1-2 years ago - it could well be the new Snakk office.

https://maps.google.co.nz/maps?q=65+...cuDBkYQ-kRlIJA

**mrjeems** · 22-01-2014, 03:08 PM

Heh. Derek is FB friends with my girlfriends boss.

**000831** · 22-01-2014, 03:12 PM

Originally Posted by moosie_900

Young minds, so easily swayed

I figure out the safest way for me to buy SNK is sold off some WYN and buy some SNK.

**Balance** · 22-01-2014, 03:16 PM

Originally Posted by 000831

http://blogs.wsj.com/moneybeat/2014/...or-49-billion/

http://www.businessspectator.com.au/...finitely-crazy

Ok, if all like this style, I change my tongue for SNK. buy buy buy !!!

We can see smart money flowing into SNK since last Nov, when the right time kicks in, SNK would be another WYN for buying!!!

Name one smart money.

**000831** · 22-01-2014, 03:24 PM

Originally Posted by Balance

Name one smart money.

ducks, ok. Balance, I will wait another week, very hesitate. Anyway WYN is still going up, worth to hold more days.

**J R Ewing** · 22-01-2014, 03:30 PM

Originally Posted by Balance

Name one smart money.

The third duck from the right in the left hand picture looks like a smart operator to me, I can't see him finishing up like the ones in the middle picture.