Don't waste your time - there are enough mugs out there queuing up to take stock.
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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-t...t-ups-the-ante
Whats the bet one of the orders at 6.5 is a phantom bid?
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.
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.
So anyone have an idea about how many more shares sorenson has left. if this hits 5c may pick my interest
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-c...ruary-2013.pdf
Yuck - that speaks volumes....