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Thread: Snakk

  1. #4421

  2. #4422
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    SEA must be next to go....think they were into SNAKK for around $3.75m in the early days

  3. #4423
    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

  4. #4424
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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 !!

  5. #4425
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    Captain has abounded the sinking ship.

    http://nzx-prod-s7fsd7f98s.s3-websit...871/292993.pdf

  6. #4426
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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?

  7. #4427
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    Dust to dust eh Handley, more govt advice in the offering on how not to do things ?

  8. #4428
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    https://www.stuff.co.nz/entertainmen...ig-yellow-taxi

    To give the Handley devotees their fix.

  9. #4429
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    http://nzx-prod-s7fsd7f98s.s3-websit...227/297094.pdf

    It also has a listing on the New Zealand Stock Exchange (NZX) via the NXT market. All trading has been suspended and the Liquidators are now reviewing the prospect of selling that NZX listing
    What does this mean? Are they planning on doing another back door listing as a shell company?

  10. #4430
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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.

  11. #4431
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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.

  12. #4432
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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

  13. #4433
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  14. #4434
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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
    “Just consider that maybe the probability of you being wrong is higher than you think.”

  15. #4435
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    Quote Originally Posted by winner69 View Post
    Love the laughing Handley under the heading Snakk was most likely insolvent

    But he left it a great state ...solvent with fantastic prospects
    Poor old Moosie - remember him?

    He had so much admiration and respect for the Great One, and the inside oil from a few in the company.

    And they played him like a violin to serenade others as gullible as him into buying shares off the Great One and other backdoor shareholders.

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    Quote Originally Posted by Balance View Post
    Poor old Moosie - remember him?

    He had so much admiration and respect for the Great One, and the inside oil from a few in the company.

    And they played him like a violin to serenade others as gullible as him into buying shares off the Great One and other backdoor shareholders.

    Q Was Moosie D H in drag ?

  17. #4437
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    https://www.nzx.com/announcements/338291

    Getting ready to suck in the next generation of backdoor mugs.

  18. #4438
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    Quote Originally Posted by Balance View Post
    https://www.nzx.com/announcements/338291

    Getting ready to suck in the next generation of backdoor mugs.
    This has to stop. How can a company sell something that doesn't belong to them.

  19. #4439
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    Quote Originally Posted by Balance View Post
    https://www.nzx.com/announcements/338291

    Getting ready to suck in the next generation of backdoor mugs.
    From memory, weren't they listed on some NZX sh!tty sub standard exchange that had bugger all liquidity going through it?

  20. #4440
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    At least there is some hope ( whatever that means ) for the poor suffering Snakk share holders, lets hope it "they " can get it right this al la ABA which backed doored out of a petroleum company all those years ago time ( the only successful back doorer that Im aware of after soooooo many duds ) !!!

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