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Thread: Snakk

  1. #2971
    The Wolf of Sharetrader
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    I think he might be pulling one of your many legs Moosie.

  2. #2972
    Reincarnated Panthera Snow Leopard's Avatar
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    Exclamation Liquidity is always important for a quick getaway

    Quote Originally Posted by see weed View Post
    Same here, wow finally out in the nick of time, have sold 94% of my holding which leaves me with about 21000 shares. It has taken 4 weeks to sell down........25 transactions, $10,077.75c loss, $750 fees and a $3514 profit on some trades. Total loss plus fees=$7,313.75c. Ye ha..what a ride, this is better than Disney Land. Whats the next one to take off? can't wait....am loving these rides . Lucky it's all tax deductable .
    The implication here is that you had about 350,000 shares and that you sold them, on average, in 13,000 shares per trade at say $1,500 ago (plus the $30 brokerage).

    Why so many tiny trades?
    I would have have gone for no more than 6 trades and probably 4.

    Best Wishes
    Paper Tiger
    om mani peme hum

  3. #2973
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    This company better be going out of business for you to book that loss

    I assume you don't believe in this company to take a hit like that

  4. #2974
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    Quote Originally Posted by Paper Tiger View Post
    The implication here is that you had about 350,000 shares and that you sold them, on average, in 13,000 shares per trade at say $1,500 ago (plus the $30 brokerage).

    Why so many tiny trades?
    I would have have gone for no more than 6 trades and probably 4.

    Best Wishes
    Paper Tiger
    Pretty close. I did 19 buys on different days, and did 7 sells....eg...bought 32,000 one day, 21,000 three days later and 40,000 fiftytwo days later.....which is 93,000. And sold that block of 93,000 shares in one go. The blocks sold were all different amounts from 47,000 to 93,000. But you are right , i did buy some small amounts in the range of 10,000 to 20,000 but it's all good , will try and buy bigger amounts next time. .... If there is a next time?

  5. #2975
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    Quote Originally Posted by Schrodinger View Post
    This company better be going out of business for you to book that loss

    I assume you don't believe in this company to take a hit like that
    They would not pay me a special 1c dividend i asked for weeks ago, it would only cost them about $2.6 mil. And what a boost it would have been to the share price.

  6. #2976
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    http://www.voxy.co.nz/business/buzzs...ption/5/187078

    Snakers will be lining up to hear their Chairman Derek speak?

    Meanwhile, who will support a capital raising to keep his Team B vision thingy, Snakk, going beyond the cash burn period?
    Last edited by Balance; 11-04-2014 at 08:37 AM.

  7. #2977
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    Quote Originally Posted by moosie_900 View Post
    Better be considering keeping profitable business model if the markets keep tanking and funding dries up fast. Loose and easy money ain't going to be so loose and easy in a years time. Doesn't help that investors are aware of their shafting technique either, and that big holders are still looking for the exit...
    Get a copy of the latest shareholders' list - tells you a lot.

  8. #2978
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    Quote Originally Posted by moosie_900 View Post
    Been updated again? Could you link please so others can read as well? Cheers
    More shares sold by management.

    I cannot figure out why there's no disclosure.

  9. #2979
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    Quote Originally Posted by snapiti View Post
    DOES there need to be a disclosure on the secondary markets.
    Shudder is that's what the NZAX is about!

  10. #2980
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    and to think i picked this in the competeition lol , lucky i dont invest like this ill be broke
    one step ahead of the herd

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