So who are Snakk's independent directors?
How many shares did they subscribe for at the IPO?
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So who are Snakk's independent directors?
How many shares did they subscribe for at the IPO?
1. I don't really buy that. There are several very small companies listed on the NZAX. The advantages are completely outweighed by the extra compliance burden.
2. But when Snakk listed - those WERE the "early days"! There were no people who had been toiling away for years building the company up from nothing. But "liquidity" could be a very bad reason for listing if the object of the excercise is simply for founding shareholders to exit.
3. Time will tell I guess, let's see if they do raise more funds and then what they propose to use the funds for - acquisitions or cash burn?
Yes. There are Pro's and Con's. I was only asked for Pro's and was giving generic answers which could apply to SNK, VML, GEO, XRO, etc.
We all know Balances views that there a lot more "Con's" involved with Snakk than "Pro's" but then, I wasn't talking about the people involved. ;)
I bought a parcel yesterday at 11.8c small enough that I could afford to lose it all. My only reason for investing is Derek Handley and his merry circle of friends and business contacts.
Spare cash is whatever it is to you. Could be $5 could be 5k.