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Nice day and close folks. Looking forward to next week onwards!
1,900,000,000 share offering filed on 10/4/17...
https://www.sec.gov/Archives/edgar/data/1706907/000072174817000689/snm100417253g2.htm
I would agree with that flipper mentality thing if there wasn't strong buying for the last hour. It was pretty solid, actually. Good luck to you, RVW. Have a good weekend.
I thought we should never go long penny stocks? Aren’t they “all” mass diluting scams, per your claims?!
Why do you hate every dilution deal, except this one, which is a 80%+ discount from the price it was trading at just days ago? What makes this dilution better than others?
Why does he need to sell the farm near the 52 week lows? Wouldn’t it be better if he sold moderate amounts as the stock appreciates, allowing larger sums of money to be raised, with a lot less stock being issued? Is this deal an indication of his poor business planning, or something shadier?
When I see a CEO selling this much stock near the all time lows, it tells me that he doesn’t think it’s worth much more than this.
Again, why is this dilution deal so wonderful?! Does it depend on how big of a bag we're holding?! lol
Loooong history of making false/misleading statements.
The best thing here is no T trades
If this was diluted you would have seen ton of T trades
Level 2 on this stock is clean, don't see diluter MM's
No VNDM..
Only retail flippers boarded this bus at 0.004 and many dumped at loss..hence the drop
The base was about to be 0.004-0.005 before yesterday. The question I am struggling with now: this is legitimate or a scam??.
Generate volume and interest. Each has certain exit point. You and me are in a way flippers. Just our target was once much higher and we all benefit. SNMN avg about 6,000 view a day with 19M volume but most time it's just 8M and then comes burst.
Now it's at 30,000 view. $750K yesterday and $140K today. Just back to 1st week of September or so. Volume will slowly decrease and PPS will move up better.
Now we have many that have avg at 002 not 0001. They will want it to move higher. That is one problem with long such as myself netting crazy profit and kind of don't care if it move up anymore. Got all the time and patient while not buying anymore. That mean I am not helping slapping the ASK. Flipper will help slap the ASK.
That is just my view and that apply with every stock. New base and it's not 0001 but 002.
Lol flip away guys, but unbelievable you will have to just start doing it over a penny
what info..Troy talks to all the people
Not just me
Try calling him
Do your DD
why would I hurt the stock..
You guys can call and talk, who is stopping you, if you want to be a long term investor than a short term flipper
I would rather do some DD
Agree. Will join though if we see trips again. GL Gutts always productive convo with you on here.
So whats the point of investing?, it became a flipping stock - very unfortunate.
u r hurting the stock actually by ur claims of having info no on has...
Definitely. I did mention that is the downside to SNMN now. New crowd and mostly flippers. If 003+ is there, then we will see a bunch of flipping. Long term hold is now gone.
SNMN
Good Catch Gutts. Ill watch from the sidelines though. I still don't like the new crowd who entered here. This is the breakout board flipper crowd. 3 months time will be the Q4 report after many of the Term sheets deals are closed and we get a better real valuation of the company. Any major move to the 5s that happens before that would be an act of hype IMO.
Just IGNORE the noise..and temporary DIP
This is going up in next few weeks, nothing is gonna stop this
I just wanted to make sure that those who want to unload are out for good
I spoke to Troy over 15 times in last 5 days
I know what his plans are
Lots of stuff ahead
Just relax and enjoy the ride back up step by step
at 0.002 there is not much to lose but huge upside
Silver?, with this new dilution??..Logic is important.
Yea a bunch of people who came out of the woodwork looking to capitalize on a bounce. Same flipper crowd that chases all other breakout board info. I ran through every every SEC doc with gutts, EB, and Mikey awhile ago. Solid things in the works just shady move here. Propped up on flipping doesn’t give me hope in the short term. Perhaps next year when Reg A cash and companies that are being invested have disclosed their revenues in Q4. That may repair the damage done this week.
You should review the new business plan and what else they sell!
Not just donuts.
Selling low margin doughuts with high overhead (pretty girls)
Ooooh ... oooh ... sorry. A little off on that one.
More buys than sells for the day.
Looking at the filing again, I see 0057 PPS avg for PI. So it's not 01 but 0057 is still very good and they can't even move for 3months.
57% of the total consideration for our outstanding shares, resulting in a dilution of $0.0057 per share
Problem with that is, it already hasn't gotten worse. If that were the case, today it would have tanked, but it didn't. You notice that there are many people still very interested in this stock.
Selling low margin doughuts with high overhead (pretty girls) sounds like a business flop...
How many people really care about pretty girls on the way to work, when doughnut shops see the bulk of their business? It might be cool for a few visits, then it wont matter... and it might turn off a large chunk of their potential customers (women).
... and if they charge more for the doughnuts, to compensate for the high labor, people will eventually go to the cheaper place they go to now.
He does what he says and he wants to uplift asap and he will and we will be in silver then and people won't even remember yesterday. Well the ones that stayed the course snmn go Troy
Here is the reason why someone claim Troy seem very upset:
Investors in this offering will experience immediate and substantial dilution.
If all of the shares offered hereby are sold, investors in this offering will own less than 48% of the then outstanding shares of common stock, but will have paid over 57% of the total consideration for our outstanding shares, resulting in a dilution of $0.0057 per share
Here is where I kept mentioning December/January:
The investors shares are locked up for three month after a public offering and the stock may be sold subject to the volume limitations of Rule 144.
Good I still have time to accumulate then
Their last tweet said 10/20
BTW, wont the CEO have to give himself billions of shares to maintain voting control through the mass dilution?
This OS is going to balloon out of control, fast.
AS reduction?! LMAO... Yeah, that will make people forget about the billion shares about to be dropped on them. Priced at the bottom of the chart
The nice thing about a worthless AS reduction, is that it can be increases at any time, right?
... Its meanless when you are issuing billions of share at dirt cheap prices.
I grabbed my cash too probably should have closed more of my position out but. Your right it has that upside but the she’s these Reg A guys are getting can be sold ASAP if I’m not mistaken. If even those 10% .001s Sell that’s 100million shares dumped right away. That’s gonna tank it to at least the .001
Before it can consolidate rebound back to its true price. You may be in for the long haul here. I’ll rebuy when I can get my trips shares.
Like you I’m objective and not just talking trash to talk trash just calling it how I see it.
Ok thanks ... last I saw PR on Aug 28th said grand opening around Oct 1st ... but being in restaurant field myself knows that doesn’t always goes to Plan so that is why I asked.
I rather be optimistic or else I would just sold my last 4M. Good luck on your next trade. No worry on my part since I'm up big. Hope people that loss could make money else where.
SNMN
You are the only person here who is talking sense
Just what Troy told me in last 2 days
Anyway he is going to release PR next week, no more Tweets..
real PR
That should dislodge all the shorts here for good
The reason for drop is not people selling. It is plain SHORTING !!
You can see on Level 2 desperate games all day to keep down
NITE, CDEL were working hard to accumulate shares all day
so they make money selling at 0.003 when news pump happens
It is kind of sad, but part of penny games
NEWS next week - Huge, Talked to Troy two times
AS Share reduction
MJ deal
Get ready
Shorts were desperate to manipulate it down..
That was pathetic
LOL
I think it gets worse before it gets better though bud.
I admit. It was not a good thing. Instead of 5cent or 10cent. probably 005-008 now. Troy just never good with handling news good or bad. That is the frustration with him. Things change but he end up finishing the job. Might not be as good as it was promise but it end up still ok.
The company is doing real things but that stunt Troy pulled was bogus. When the 10% of .001s from that 1 Billion share increase filing drops I’ll be waiting to grab my .0004s. I made my cash here to Gutts but you know that was shady when the initial filing was supposed to be .01 pps and we get blindsided by -1000% Reg A offering. Bush league business practice. The slow trickle starts today.
Oct 20th was the date not this week.
SNMN
Did the donut place open this week as projected??
SNMN updated their website like Troy promised 2 weeks ago. Still need more cleaning on it but it's definitely better than before
http://www.snmholdings.com/
Disclaimer to new buyer: I'm already up close to $50K with snmn. Therefore, I'm more then ok to hold 4M shares for the next ride. Don't take my words as confident. I just post it like how it's. I am never scare to post bad info regarding SNMN. No malicious behind my post.
Good luck
Ok thanks.
Agreed that previous release indicated 'Non-Dilutive'.
Oh well, if the funds are wisely spent in revenue generating entities with truly positive cash flow, then all will be OK. But that is a lot to ask at times, especially these days.
Thanks again for the feedback....
HS
$SNMN news out next week folks, why sell before monster news. Oh well, my 17s arr looking golden.
SNMN - I think you're off a decimal point........ when they dump that Billion .0001 a share
I will wait for that huge A/S reduction. People loving stock with 10Billion O/S. Recently 1 stock run for 200-300% on a 7.8Billion shares O/S. They got nothing solid. SNMN has solid stuff going on which could all be verify aka transparent. People calling this scam but that Donut shop is still real and still funded by SNM. That MJ convention was still visited by SNM. That 2Billion shares reduction was still documented in court. I rather have new investor that joe overcash. That movie is still in production and co funded by SNM
Most long now complain was in this while Joe OverCash had 2.2 BILLION shares. He could have dump it the first few month. SNM had dilution but Troy stopped that. Where was the worry then when Overcash could dump at 0001 and still be ok. Here, new PI would lose money if it's lower than 001. Obviously they want their return just like any retail.
Done commenting for the day unless some erroneous post comes around
SNMN
If people that stay in after yesterday, then they got no one to blame except themselves. This is now totally a new type of play. Different type of money is in and at least most long with huge position are now gone. No more POS putting 17Million on the ASK during 6M trading day, lets hope
Downside, too many shareholders in this now with too many mindset. Not 1 common goal.
SNMN
People that wants out should be out by now. If yesterday didn't scare them, then lets bounce this. Everything still in the work. A/S probably will go down to 3B aka 1B reduction.
MJ payment system still there. They did went to an MJ convention.
There is still a movie that is funded by SNM base on IMBD
There is paul mitchell which could be verify with them.
The donut shop was my least favorite but the long kept pumping it up. However, we could verify it through local newspaper regarding SNM involvement. SNM gave $150K to donut shop back in May. SNM had investors lining up since and already got money at least since May.
$1million investor is in SNM now. Since Troy is filing with SEC and his name/picture is everywhere, that Rule 144 will be in affect. 3months, 6month or 1years. In this case, it's 3months. Lets me buy 1Billion shares at 001 but to see this stock hit 0005 or 0001 like many claim. Lets me give $1million away just to see it sink. This is not like other stock where they said CD bought this at fifth digit 00005 and could dump at 0001 for profit.
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