Interesting social analysis of “sheeple”. http://alt-market.com/articles/1826-sheeple-why-you-should-feel-sorry-for-them

If SNP.V has 7 straight quarters of growth and recent incomes which are positive, why is my screen showing EPS(TTM) of -0.03 ?

SPN.V Why do my fingers not obey my brain?

IPO in Fall 2010, no insider data filed.

SNIPP INTERACTIVE INC.
(formerly Alya Ventures Ltd.)
CONDENSED INTERIM CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
(Expressed in U.S. Dollars)
(Unaudited)
Three Months
Ended
June 30,
2013
Three Months
Ended
June 30,
2012
Six Months
Ended
June 30,
2013
Six Months
Ended
June 30,
2012

REVENUE
Campaign revenue $ 207,196 $ 106,321 $ 381,527 $ 200,556

EXPENSES
Salaries and compensation (Note 8) 253,363 256,407 512,053 495,407
General and administrative 22,819 17,924 45,707 39,602
Communications infrastructure 34,970 19,928 71,487 34,476
Software development 18,115 16,144 36,159 26,359
Professional fees 2,756 51,456 33,408 67,743
Marketing and investor relations 19,691 19,471 62,898 29,468
Travel 16,255 21,156 23,397 32,547
Amortization of intangibles 10,020 2,348 18,271 3,076
Depreciation of equipment 1,227 906 2,454 1,016
Stock-based compensation (Note 11) 19,449 – 93,412 –
Strategic sales partnership compensation (Note 12) 41,024 30,961 113,009 30,961

(439,689) (436,701) (1,012,255) (760,655)

Net loss before interest and other income, foreign exchange, accretion on note receivable,
unrealized loss on marketable securities, listing expense, change in fair value of derivative
liability (232,493) (330,380) (630,728) (560,099)

Interest and other income, foreign exchange, accretion on note receivable, unrealized loss
on marketable securities, listing expense, change in fair value of derivative liability

Interest income 1,061 3,650 2,721 4,588
Other income (Note 8) – – – 15,787
Foreign exchange gain 55,229 – 86,878 –
Listing expense (Note 16) – – – (514,284)
Change in fair value of derivative liability (Note 10) 207,895 157,373 707,984 186,692

Net income (loss) for the period 31,692 (169,357) 166,855 (867,316)

OTHER COMPREHENSIVE INCOME
Cumulative translation adjustment (61,326) (41,983) (99,867) (69,347)

Comprehensive income (loss) for the period $ (29,634) $ (211,340) $ 66,988 $ (936,663)

Basic and diluted income (loss) per common share $ 0.00 $ (0.00) $ 0.00 $ (0.02)

Weighted average number of common shares outstanding 48,052,638 47,245,539 48,052,638 35,146,593
This table probably won’t format, but I do NOT see a profitable company.
(Taken from latest SEDAR filing.)

My SEDAR data was from:
http://sedar.com/GetFile.do?lang=EN&docClass=5&issuerNo=00029800&fileName=/csfsprod/data146/filings/02108452/00000001/s%3A%5CVancouver%5CLiam_Begley%5C895303fs.pdf

Mike will be addressing this shortly. It is a bit convoluted.

Big Al, have you heard of Mobio? Another internet company. LXV on the venture exchange. Geared for the celebrities and their fans. It is gaining a lot of media attention lately and is launching on December 1st.

Here is an article by Danny Deadlock on LXV if you are interested.
http://www.stockhouse.com/opinion/ticker-trax/insights/2013/11/15/why-lxv-%2843-cents%29-should-benefit-in-2014-from-red

Hi CFS,
All Valid comments.
Re: Insider data.
There has been no insider activity since the merger/IPO (discussed below) so no reporting.
Re: IPO
In Canada they have a structure called a “Capital Pool Co.” (CPC) which in this case listed in 2010 as Alya Ventures. A CPC is a Cdn. vehicle expressly for venture M&A projects.
Alya merged with Snipp mid 2012 in what is know as a Qualifing Transaction then completed a prospectus offering (IPO) for the merged company now known as Snipp Interactice Inc.
RE: EPS,
In the opening comment there was a mention of Net Income & Revenue growth – not correct. This was restated moments later as Revenue growth only which is correct. *Cory is putting a note to this effect on the site.
Not profitable – True. Seven quarters of revenue growth also correct.
SPN has taken every dollar possible to build their platform, not show profit. The company is debt free. Their solution/platform is now advanced to a point that the company focus can be on sales. This is a well run company, no bloated management. Management owns approx. 42% of the shares. I am a shareholder.

Thanks, for your response; it was pretty much as I had concluded: too early for me.
(Partly because I don’t see the coupon/prize model as viable, despite the money Groupon insiders have made.)
Indeed, I’m even worried about the long-term profitability of bricks and mortar stores themselves.

My pleasure. I agree about bricks and mortar – show rooming is changing retail. SPN is more than coupons. What really got me is how large Co. can quickly address weak qtrly. sales and roll out a digital promotion to recover vs. old school print, radio & TV. Additional there is potential for future sales through the data gathered (with consumer consent) via promotion response.
If the link below works (“Wall St. Journal online Mobile Advertizing Take Off”)you’ll see the compelling sector growth.
http://online.wsj.com/news/articles/SB10001424052702304066404579125292312208918
The company website home.snipp.com – under “portfolio” provides cases studies of actual solutions for clients. The ramifications for inventory control and C/Flow are enormous.

I’m probably prejudiced. As someone who maintains 5 different email accounts and gets typically 200 emails a day which get through the spam filters and of which 150 are then dumped without opening. As someone who maintains two cell phones and also dumps all messages I don’t recognize, I personally would never sign up for any service that keeps data,
But then I do not use facebook, because it tracks me, so I know I’m not the average person.

I loathe what Facebook represents. Giving you a million erstwhile friends with Big Brother in the background while true friends can usually be numbered in single digits!

Yes, I’m aware of that counterargument : there is less geetinc overlap between any two human populations if you look at several genes simultaneously. In fact, the overlap will disappear with as few as fifty or so genes.I’m not sure this kind of argument will convince the people who need convincing. It’s widely accepted that human geetinc variation is not random. This is even stated in the Open Letter to human geetincists: Patterns of variation, however, are far from random. We recognize that human population history, including major migrations from one continent to another as well as more short-range movements, has led to correlation between geetinc variation and geographic distribution. It still remains that, for any one trait, there is more variation within than between human populations. That is the dogma that needs to be challenged. I don’t see how you challenge it by aggregating unrelated genes and examining how they vary collectively.I realize that people can lose faith for many reasons. In my case, I lost faith in Lewontin’s argument when I discovered that the same genes that show so much overlap between human populations also show considerable overlap between many anatomically distinct species. I could see no way of reconciling that cognitive dissidence. With your argument, I see plenty of ways.