Good call. So why are they silent to our requests? A rhetorical question I know.
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Sorry, Moosie-me-ole-mate, have to disagree with you there.
This is the age of the internet, of instant information and even more important, of abundant information.
If someone chooses to go and buy a pair of shoes for $350 when a simple search of the internet will reveal that the retailer is very good at selling cheap shoes at expensive prices, I say all power to the retailer.
It is all in the packaging and I suspect those who bought at $350 looked at the packaging rather than the shoes?
Exactly!
I bought a Samsung for my son after a quick search of the internet showed I could buy from a parallel importer who has a big presence (retail) and been in business along time for over 25% cheaper than from Telecom or Vodafone.
Sadly, many out there still pay the full price to these two mobile operators.
Ever notice how the 100K on the bid side at 10c, 9.5c, 9c etc have a habit of disappearing or getting reset at lower levels as the selling moves down?
......someone placing "dummy" buy orders trying to give the impression of a support level, then pulling the order cos they dont really want to own them..........i guess??
As far as parallel imported phones or other cellular connected devices are concerned, if you have the technical know-how you should update the firmware on them to that which is used by the telco to which you are subscribed. There are some differences in the firmware (e.g. fast dormancy) on imported models that can cause relatively minor issues such as the battery to draining quickly.
Or maybe he thinks that 10c is fair value so has instructed his broker not to go below that amount.
The early dealings with this new company really look a bit odd in the way its unfolding to this stage, I'm sure a lot of shareholders are perplexed to what is going on from the management side who must be driving this ship.
Didn't this guy do the same with CER also. I'm quite keen on the concept as I think this mobile platform advertising captures the right audience. My kids have their faces buried in their smartphones all day long, not to mention the countless folk walking down the street, faces buried walking into lampposts - there ya go medical insurance advert! Been sitting watching this one for a while but feel its more based on good idea but not the right people involved in the company. Still going to keep watching.
Disc not holding SNK
think I'll come back in a couple of years and see what happened with this one. Its bottom drawer for you Mr Snakk. Next!
:)
With all those 100,000 plus blocks for sale on the sell side its going to get way worse before it gets better, and its shot itself in the foot credibility wise as well.
go talk to management at 150 Karangahape rd. Suit 205. They seem pretty positive.....Max Flanigan or ..CEO Mark Ryan
Ouch 8.5 cents. I sold all at 12cents but due to an oversight I have 600 shares left..haha.
Isn't it bottle of wine time for Croesus, Moosie? Or are you still jumping off Te Mata peak pantsless?
not in this weather I hope-good on you Moosie for giving them a hoe up.
:)
Lets just hope the balance of the 6.5 is tucked away earning something!
I also agree. Those carried away with the idea that Sorenson (or others) must commit to some unknown (unlimited?) escrow agreement might like to look at Synlait float where the ecrow agreements are only approx a year and also permit sales within that time with a limit in quantlty but no limit on price.
email from Mark..... Please feel free to get in contact with me at any time, we're very happy to share how things are moving along (as much as we can) with our investors. Many thanks...M My reply..........Hi Mark. Thank you for your email. I am concerned with the weakening share price over the last few weeks since SPP. My investment is down about 27%. Can you please tell me if there is any positive news for the future. I am feeling a bit deflated. Many thanks......me.
http://www.stuff.co.nz/business/unli...g-on-the-world
I missed this last week, did anybody else read it.
http://www.stuff.co.nz/business/indu...-bitter-battle
Hey Moosie, must run in the family.?
Moosie..............................happy enough when the share price is going up, but don't like it going down..........................get used to it . Thats what happens with sharemarkets .Your rampant paranoia is boring too. Put your money in the bank!
A cautionary tale on naming directors in public forums.
http://www.nzherald.co.nz/business/n...ectid=10896757
Quote:
Hotchin and Watson are suing and seeking $7 million plus costs from Sheppard over what a judge called "severely critical" comments he made about the pair on television, radio, emails and on blogs concerning their involvement in Hanover's collapse.
It's not just a matter of naming directors - this is a civil claim for defamation.
The most obvious example of defamation is an allegation of criminal conduct - I can't see any allegations of criminal conduct.
Sure, defamation can include statements that lower the reputation generally, but there's still the question of what damage this has done and how compensation would be quantified...
I see your point Banksie, but I would assume the allegations made in this matter far surpass the mating call of a wild moose... Gotta watch those allegations of insider trading though [given that it can be an offence....]
Meanwhile, over at MBE
"In a New Zealand first, Berocca in partnership with Mobile Embrace has created the first mobile-led consumer sampling campaign that uses the native functionality of the iPhone to deepen audience engagement and drive product trial. "
"The campaign will run across m-sites and apps on Mobile Embrace’s premium local and global publishing partners including New Zealand Herald, The Radio Network and TVNZ. "
http://stocknessmonster.com/news-ite...E=ASX&N=744515
Free Berocca's are offered as part of the campaign, so hope everyone keeps an eye out for it!
Any value in MBE and snk merging or takeover ?
Having followed the posts ..
Barge pole material in my opinion..
more buyers coming in....incoming , watch your flank and rear guard . Buyers building up. Is this the turning point? or a dead kitty bounce. Better buy some more just in case. Up over 10% in 2 days so far today.......will it hold or is it a fizzer
Probably speaking to his old mate Richard, "Hey, you get some weird complaint letters. What the hell do I do with this one".
Best Wishes
Paper Tiger
Moosie, try emailing ceo Mark Ryan......mark.ryan@snakkmedia.com
I really hope they are too busy building this company to answer too many emails right now.
I would hope there is just too much to do,this little company has only just completed a capital raising,and one big shareholder has decided to sell,so all this doesn't last forever,the company now has plenty of dosh,so i just tend to think,
Shut up,sit back and let the company do it's stuff.
I bought a few thousand bucks worth after the capital raising as an interesting investment,not a trade,and so far it has been interesting,haha. With an investment or trade the buck stops with you,if you don't like what's happening get out,if you believe in management then stay,simple as that.
I will give them a decent chance.
Just finished reading " Heart to Start " by Derek Handley. Have you Moosie ? Very interesting read... especially between the lines.
Will lend it to you if you like, when we catch up for that Beer.
Will be offline for a month as have decided to visit the Hungarian F1 and the Nestle WRC...in Finland... so leaving in a few days...
Regards .
When would we expect 1st quarter sales to June. We will be looking for 80 percent gain over same quarter last year to keep the growth similar before the percentage increase pull back.
Cheers Moosie... I thought 3 or 4 would be enough......
Over the last week it is good to see some genuine buying orders and by the look Mr Sorenson has taken a back seat.With a buyer of 150000 it has set the tone hopefully. Kizame some good comment a day or two back.
Regards..
Thanks see weed.I looked at this forum years ago and really forgot about it until I bought some Snakk shares .For lesser known shares it's a good place for that little bit of info you don't get in the market place.With all the restrictions on statements by directors it's a wonder we ever get anything these days.I have Xero and they started at a dollar,went to 1.20 and then fell apart to 68 cents.This thing is showing the same trends.We only need some regular positive info and some good staff hirings and we may be on our way,all be it at a lesser pace. Let's hope.
To me, an important difference between Snk and Dil is that Dil had a clearer product so that even at listing one could understand how they planned to generate future profits.
After 90 pages of this thread I don't see where anyone has explained how Snk is going to make profits. So maybe $25 mil market cap is pretty good money for those selling shares in this start up.
Hi J R...Good comment.I think that the Company,s stock exchange announcements of 25 march and 4 June give some idea.I admit that this forum doesn't help.Nineteen out of twenty investors don't know the forum even exists.In my opinion by taking 6 mill. From SPP they took away 4 mill of short term buying cash and should have somehow taken Sorenson out at the time if he was in fact a seller.He has depressed the share price over time.The 6 mill. is a large amount over original target so points to taking over a company I think. Regards....
ps. back to weeding garden on such a fine day.
Here is your chance Moosie and everybody. To ask some questions face to face........Snakk annual meeting.....26/6/13
At least the tone of the announcement feels ok.We will see no doubt at the meeting.
Plus SMS: Lots of hype, no delivery. The whole thing descended into a bazaar farce, most of which is detailed here: http://www.nzherald.co.nz/business/n...ectid=10753959
Take a good long read of the article, noting some familiar names and their actions.
Let's not forget that Snakk has (IMO) a viable business model. I hope they get the execution right and that the board & management team aren't interfered with.
Oh wowwww!
Making me think twice about dumping snak now, especially Sorensen, not cool at all. Heard way too much about the sorensen's. After reading the article, makes me think snak has been all about hype. Thinking hard to dump snak or not. However, I still have some faith in handley.
Disc - holding
I suggest you re-examine the basis for faith in Handley by looking at the article post 1284 by Bluehorseshoe on p. 86:
http://www.stuff.co.nz/business/unli...g-on-the-world.
I find alarming Handley's idea that he will expose investors to "multiple Snakks..... which might not all work".
" Part of the reason for Snakk being on the exchange is to try to create a new kind of listed company that is small cap, high growth, small revenue tech stock that isn’t looking to raise tens and tens of millions. It’s almost using the NZAX as a venture capital source for A round and B round type capital.
My dream would be to start creating multiple Snakks and popping them on the exchange one after the other, enabling the general public to get a piece of the action. They might not all work, but I think every investor should be exposed to these types of exciting journeys."
It seems to me he is getting carried away by his own hype.
Discl quit at loss of brokerage.
Hey Leon, yup have read this article before, thanks for the heads up.
I think these questions need to be addressed at the meeting.
Just how is he planning to raise all these so called 'high growth companies' is beyond my imagination. Why is he not just focusing on snakk?Lets say some faith was a bit on the optimistic foolish side, more like slightest faith.
Moosie your thoughts on handley?
Actually I bought on the basis he apeared signally motivated and personally impressive and the market might like that. Like some others here I could not come to grips with what Snakk owned i.e. it was not obvious what if any intellectual property might be unique to it. It also appeared increasingly obvious Handley was doing a lot of other things. There was no point in riding down with the fall. I think Sorenson is largely a distraction. If indeed there was "value" there there should have been keen buyers for those shares. It seems to me less a question of destroying value than doubting there is much value there, at least at this point.
Interesting comments guys above - thanks for the link of the herald article. It's good sorenson is selling out we don't need his name on the list by the look of it, he's made his ten bagger and is off to vmb now.
If you look at the hype of plus vs snk my view is they're not all hype be it only north of 4 mill in sales but they have a real business with real sales and from the announcements to date are telling investors it's a long term stock to be patient for this emerging media.
I'm interested mostly in quarterly sales growth and where they will deploy the capital raising - if its only used for cash burn over two years I don't think we will see a share price north of .20c
Just my views guys DYOR
.....This sounds like "big day out" at the lemming community.If all you base your shareholding in Snakk on is what Plus SMS did then you won't be a holder in Snakk.If at the Annual Meeting you can convince yourself that Handley passes muster and that they have a good business plan and are currently making money,then that's what its all about.Sorenson appears to be on the way out,not in and they have enough cash in kitty as against issuing zillions of shares.Let's get a bit of stability in the show.We'll be bringing up Brierley,Judge and Hawkins next..........
Well said etrader . Sorry missed your post while doing my one.I don't mind going from 10 to 20 cents but think there is a chance of better if sales trend continues.People luv cheap stocks.
Regards.....
From Mark Ryan last week..... Completely understand your concerns, we're going to be providing information to our investors and the broader market soon. Until then i appreciate your patience; and assure you that Snakk is absolutely in the right space, and at the right time, and the entire team is working hard to make the most of the opportunities in front of it....M
So the guy everyone is counting on to deliver the growth and profits isn't the CEO, just chairman? And he plans to split his time between several of these tech startups and still has time to go on holiday? Hmmm...
I went back over the history of Snakk and all it's beginnings.Can someone confirm or otherwise whether my thought that Sorenson was a shareholder in Claridge cum Cer etc and got his Snakk when Claridge gave in specie distribution of 20% Snakk original shares .He thus was not an original subscriber to Snakk ,just got there by default.He may have been part of the original shenanigans but not a recent addition.Any help appreciated.
Regards....