Member Info for Jimbo_Jet

Thought I would be the first to post on the new page..... here's hoping for a brighter future!

I expect you're right Coffewatch, it is a big concern for me going forward how any new machines and stock etc are funded. If they are saying that their working capital is very very tight then I am obviously worried that we have not seen the last of the new shares being dropped on to the market and that further placings will be necessary.

Reasonable RNS this morning but I am still concerned about this little extract 'Despite this progress working capital remains constrained ' So does this mean that we may have to expect a further fundraising round in the not too distant future? And if so how many shares might this dump on to the market?

Well that was a cryptic post? ;)

I'd agree, if we see 4p or below I would certainly average down but will be sitting on my hands for now to see where it settles over the next few weeks.

Wow. Bit of a rout today, I was hoping to see support at 5p but sadly it did not hold. Wonder where the bottom will be now? GLA

Whump there it is! 5.7p....... can't say I'm surprised. Hopefully there is support around this price.

Not sure what to expect today but I don't expect it to be positive. I would expect support at 5p if we dropped, as lost of shares issued at that price, but I can't see us going up. Anyone else care to comment?

Which ones in particular Cook? There are so many.

Absolutely Coffeewatch. I've got a large percentage of my portfolio frozen solid in here at the moment and does anyone think that this will be the last round of fundraising required?

I see that both resolutions were passed at today's meeting. I guess we probably would all have expected that to be the case. With new shares being issued at 2p, 5p and 10p IIRC would anyone care to risk a thought on how the share price might respond when we relist? I

I wondered that too, so a quick Google search came up with: 'Pre-emptive rights (or "rights of pre-emption") are any rights shareholders may have to be offered shares in a company before they are made available to anyone else. They can arise on the allotment, transfer or transmission of shares.'

Boyzone, do you have any idea what is going on and if we should be worried?

Good post Boyzone!

Cookaburrow, so what's your take on this mornings RNS and the departure of Gillian White?

notice that there seems to be a lot more trades today than usual? Just seen 8.0p :)

It's a bad day for the markets in general I think - all but one of the 20 shares I watch are down today.

With so few shares being traded it only takes one or two to loose their bottle and sell and before you know it stop losses are being triggered. If I had spare cash I'd buy more at these levels that's for sure.

Welcome Boyzone, it's always good to see a new member contributing constructive info and opinion. How long have you been in SNAK may I ask? I've only been in since this Autumn but believe in the potential for this company to be turned around and regain, or even surpass, it's previous market position with the new backer. However, it could probably be a 2 year+ journey so patience is key I believe.

This extract below is key for me in seeing a decent return during 2015/2016 as I think stocking telemetry and cashless payment is key to increase profitability and market share. The ability for Borris to produce these new machines and advanced telemetry for SNAK 'in-house' is massive advantage for SNAK over their competitors IMHO. As I've said before, if they can produce better telemetry service, more capable and cheaper machines than the competition they will take market share : 'The partnership that is now being forged with our new majority shareholder is focused around the opportunities offered by applying recent technological advances in cashless payments and telemetry to an industry that has thus far been slow to embrace change. By employing the latest technology we can improve control, service, margins and the consumer experience of buying from our machines. Our new shareholder not only has this technology in house but is moving it forward rapidly with the use of smart phone apps and improving telemetry. The benefits of these advances include dynamic routing, only visiting a site when necessary; cashless payment systems via card and smartphone; the ability to change pricing and make offers centrally and the capacity to communicate directly with consumers via display screens and smartphone. This is no longer wishful thinking but a tangible reality given the resources to invest and the necessary time for implementation. Technology will not only reduce the costs of operation but as importantly will increase consumer enthusiasm for the purchase at all times of the day and night.' Exciting stuff!