SNM Global Holdings (OTCMKTS:SNMN) is a sub-penny play that’s clearly begun to spur some major interest among players in the marketplace. SNMN shares are bouncing up off recent lows in what would appear to be a major breakout. The company’s CEO Mr. Troy Lowman recently discussed, in a podcast interview, the potential of the Reg A+ funding strategy as a means of funding seven term sheets and the properties in sight of purchase for the company.
According to the company’s recent press release, “Mr. Lowman overviews what funding the term sheet for Funky Biscuit means and how this could be a great asset to the Company. Mr. Lowman reviews the elimination of 70% of the Company’s float, where the shares are at today and the positive effects this has on the company and shareholder. Furthermore, Mr. Lowman discusses the potential in selling the Reg A+ and what this will do for investing in the Company assets. In closing, Mr. Lowman highlights his goal of up listing the company and where he wants the company to be at in the next three years when acquiring the seven assets.”
SNM Global Holdings (OTCMKTS:SNMN) promulgates itself as an Entertainment & Media holding company in the business of acquiring and developing a variety of businesses in these sectors.
According to company materials, “SNM Global Holdings, Inc., together with its subsidiaries, provides international south Asian media, entertainment, and marketing services with operations in the areas of publication, broadcast television, radio, Internet, film, television production, events, advertising, and marketing. The company publishes a weekly English language newspaper, The Indian Express North American Edition, comprising three regional editions in the United States and an edition in Canada; and Divya Bhaskar North American Edition, a weekly Gujarati language newspaper for the sub-ethnic Gujarati community in the United States and Canada, as well as has a marketing tie-up with the Telugu language newspaper, Telugu Times in North America. It also broadcasts INDIA PLUS on DIRECTV that offers news and current affairs programming for Indians in the United States; and operates as partner in the FM radio station for the south Asian community in North America. In addition, the company produces international television programming in the United States and India for south Asian TV networks; develops films for Bollywood and international markets; and produces proprietary events, such as CineMaya Media Group Indian American Achiever Awards, as well as events for clients. SNM Global Holdings, Inc. was formerly known as CineMaya Media Group, Inc. and changed its name to CineMaya Media Group, Inc. in November 2008. The company was founded in 2000 and is based in Miami, Florida with additional offices in Edison, New Jersey; Santa Clara, California; Toronto, Canada; Mumbai and Delhi, India; and Chicago, Illinois.”
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As noted above, the company’s CEO recently featured in an industry podcast, detailing how the company was using regulation A+ funding toward term sheets and an apparently market-friendly restructuring of the cap table.
In a final closing statement, CEO Troy Lowman states, “We are only going to invest in things that we feel are revenue producing and attractive to the SNM brand. We’re not really looking for something that has a lot of money burnt into it, an intellectual property; we’re buying real businesses that we feel have potential and have the real revenue base that will get us to a higher exchange.”
From what we can see, we have no clear evidence of a promotional campaign at work here besides the company’s own basic investor relations activity. Hence, we have to take this at face value, in which case, the action is quite impressive.
The chart shows in excess of 190% piled on for shareholders of the stock during the trailing month. The situation may be worth watching. SNMN has evidenced sudden upward volatility on many prior occasions. In addition, the listing has witnessed a pop in interest, as transaction volume levels have recently pushed above 330% over the long run average.
Now commanding a market cap of $2.6M, SNMN has virtually no reported cash on the books, which stands against about $470K in total current liabilities. One should also note that debt has been growing over recent quarters. SNMN is pulling in trailing 12-month revenues of $300K. However, the company is seeing declines on the top line on a quarterly y/y basis. This is an exciting story, and we look forward to a follow-up chapter as events transpire. Sign-up for continuing coverage on shares of $SNMN stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: We hold no position in $SNMN, either long or short, and we have not been compensated for this article.
