Reddit Posts
The possible next meme stock without shorts and actual fundamentals and good products! SNAX / Stryve foods They even have the 🚀 on the folds of honor bags 🤷🏻♂️😂 Not financial advice do your own DD and manage your own portfolio! Stock discussion only!
The possible next meme stock without shorts and actual fundamentals and good products! SNAX / Stryve foods They even have the 🚀 on the foods of honor bags 🤷🏻♂️😂 Not financial advice do your own DD and manage your own portfolio! Stock discussion only!
DE-SPAC with lots of Insider buys! SNAX / Stryve foods I also love their meat snacks!!!!
SNAX INSIDER BUYS. SNAX has been one of my De-spac / penny stock investments for over a year now. Looks like insiders are loading! I started as a customer because I love their meat snacks! Not financial advice do your own DD here!
$SNAX STRYVE FOODS has been 1 of my investments for over a year now and has finally started to pay off with new CEO and Profits being the companies main goal. Do your own DD also check out the insider buys 🤯 I’m a huge customer though and love the STRYVE, Vacadillos and TWOTAILS products!
SNAX STRYVE foods one of my investment for over a year. Has new management and ceo. The new meat snack package at Walmart has this on the back 🤷🏻♂️not financial advice I’m just a investor!
$SNAX the new stryve biltong bags at Walmart 🤷🏻♂️
SNAX is going to take its rebound. Time for buying that dip. Wall Street still likes this company.
Contrarian Indicator? The volume of posts on this sub has seen a very, very steep decline over the past few weeks. Does this mean that maybe a bottom signal is in or near for quality Spacs, or at least de-spacs?
Penny Stocks With Insiders Buying - $SNAX $LOV $PALT $TALK $GOCO
SNAX - a baby thrown out with the SPAC bathwater, has differentiated best-in-class product, a deep moat, a low-float, and is a leading player in fast-growing healthy foods consumer segment
SNAX - a baby thrown out with the SPAC bathwater, has differentiated best-in-class product, a deep moat, a low-float, and is a leading player in fast-growing healthy foods consumer segment - DD #6
Arbitrage Spac Strategy with possibility of greater than 100% returns with in 2 months:
Mentions
> Stryve and Bitcoin – Creative Strategies to Generate Consumer Awareness, Drive Trial, and Build Loyalty – BTC Sweepstakes Announced - SNAX SNAXW > > > > Stryve NFTs next? BLC - biltlong coin. use mining rigs to dry the meat and award it in the package that was drying when the rig minted.
[Stryve and Bitcoin – Creative Strategies to Generate Consumer Awareness, Drive Trial, and Build Loyalty – BTC Sweepstakes Announced](https://www.globenewswire.com/news-release/2024/03/05/2840824/0/en/Stryve-and-Bitcoin-Creative-Strategies-to-Generate-Consumer-Awareness-Drive-Trial-and-Build-Loyalty-BTC-Sweepstakes-Announced.html) \- SNAX SNAXW Stryve NFTs next?
MNTS, VWE, ATIP, SNAX... So Many to choose from!
after seeing the comments last night i decided to check: SNAX has a market cap of 3 million dollars. that is absurd.
lol it really is a “first time” meme i haven’t been in SNAX in a while but damn at some point it’s going to have some sort of whacky low float run. honestly who the hell is selling at this point that already didn’t forever ago? like NOW is when you sell after multiple reverse splits? it makes zero sense
$SNAX new ATL, under $1.30 after reverse split. Current valuation is therefore less than 1% of original de-spac valuation.
Went over to The SPAC subreddit, lol, and there’s like 3-4 people left. And they all invested in SNAX. Delisted and reversed split, Narjet Cap sinking below five million. …and stupid ticker name. Like VORB. UN investable for many reasons, but your first mistake was that ticker name. They managed to get a few hateful digs in about my ‘scam’ DNA. 😂😂😂🔥😎 I didn’t take the bait. To easy, flame war with ants.
There are three listing standards for the Nasdaq CM and SNAX only has to satisfy one to remain listed. Companies require either a $35M market value of listed securities, 500K net income in either the latest fiscal year or 2 of the 3 most recent fiscal years, or 2.5M in stockholders equity. SNAX has satisfied the stockholders equity requirement until now however will likely fall below 2.5M stockholders equity when they file their end of year financials (they were down to 5.7M in stockholders equity for Q3 compared to 9.36M in Q2). It wouldn't be an instant delisting though. They would get a deficiency notice and 180 days to regain compliance (with the possibility of further extensions).
I meant that is it possible that SNAX will not get delisted sooner because of way too small cap. Honestly if q4 earnings will not bring some superbastic numbers is it really possible SNAX will not get delisted "on the spot" ?
when one more reverse split for $SNAX
[What company is he talking about? I only know SNAX and UTZ, and they do not make energy drinks.](https://youtu.be/3QCegsfuS9g&t=20m36s)
Our old friend SNAX has over $3.5 million in debt that comes due on Sunday. They haven't announced paying it off or rolling it or anything so far. Honestly I'm not sure how they could possibly repay it, unless they managed to finally fire sale all that inventory they'd been carrying. By the terms of the note they have a thirty day grace period, so we'll definitely hear something by the end of January...
Still no word from SNAX on the $4.1M of convertible notes that mature at the end of the year. I wonder if they've managed to extend or refinance. There was a substantial number of warrants issued in connection with the original financing so will be interesting to see the terms of any new deal.
So wait.. if I bought.. $14000 worth of SNAX I'd double the daily volume? wut.
Don't fear the beaver.. Looking like a rocket on $SNAX
Well... it was dead.. but then it wasnt. SNAX up 30% today.. at 3.45. still only ~7.5m market cap. Glad I averaged down.
[Stryve Foods, Inc. Reports Third Quarter Fiscal 2023 Results](https://www.globenewswire.com/news-release/2023/11/14/2780539/0/en/Stryve-Foods-Inc-Reports-Third-Quarter-Fiscal-2023-Results.html) \- SNAX SNAXW Net sales of $4.2 million, compared to $6.2 million in the year-ago quarter, down 32.3% Net loss of ($4.8) million, or ($2.14) per share, compared to a net loss of ($5.0) million, or ($2.40) per share, in the 2022 third quarter.
SNAX ER 11/14. Here's your low flow small market cap play. Not sure up or down though. I'm long
There's basically a million other ways to gamble your money that have a better chance of paying out. Why tf would you buy SNAX?
ok.. are there any long term prospects in SNAX. CB ~ 3.90.. but could massively double down now.
Also, I wasn’t being shitty about the SNAX gang, I just get excited when I see our SPACs in the wild. GLTA.
They sold out of 100% of product at Costco. The reason it is no longer at Costco is because The Beaver killed that relationship off due to the unit economics not making sense because Costco demands you sell to them creating such a low ASP that it was killing SNAX's margin.
Last week I was on the road and got gas about 4 or five times along I75 in various gas stations. They all had ‘Stryve’ marked way, way down on clearance pile. I’m not sure if it’s because they will no longer carry it, or because they are introducing new packaging. I didn’t buy any as I remember well the impact it had on our metaphorical mouse’s digestive system. SNAX gang still alive?
The real mystery is which user used to give out Snek reddit awards for anyone mentioning SNAX.
SNAX felt like it was a pretty regular topic here but it seems to have stopped now. Assumed those that held finally lost hope. I wonder how the CEO who was buying feels also.
That’s not totally correct…for a company with 100 shares outstanding, the right to exercise 1 warrant to buy 1% (1 share) for $11.50 (an implied market value of $1,150) is identical to the situation of a company with 10 shares outstanding where 1 warrant provides the right to buy 1/10th of a share (1% of a company) at a price of $115 per share (an implied market value of $1,150). Not that institutional holders are always right but in this case they are as they would not allow for warrant agreements that allowed for simplicities like reverse stock splits to erode their value of an otherwise performing business. The problem with SNAX for their warrantholders is not the reverse stock split but the fact that they have declining sales, consistently negative EBITDA and negative free cash flow, and relatedly a lack of any institutional support for their business
Yes, reverse splits definitely clean the books, and if you're willing to screw investors and have a big warrant overhang it's smart ... it's also something you want to save in case you might get delisted without it. u/spac_time is your man on this subject, but here's just one of his examples (SNAX was originally standard: 1w + 11.50 buys you a share at $10(NAV), but at $1/share, it could split 1-for-10, and you'd have 1/10th the effective number of warrants to buy shares worth 1/10th of the original share value, a dilution of 100x; at 1-for-20 that's 400x (plus shares would have to go from $10 to $115 to exercise, but that's more about the share price blowing)): "The big concern for SNAX stock holders now is the prospect of a reverse split, which would severely decrease the value of the warrants. IF the share price of SNAX does not get above $1 for 10 consecutive trading days before July 31, SNAX will likely do a reverse split. If ( an example ) SNAX does a 1 for 10 reverse split, the exercise terms of SNAXW will change proportionally; it would then take 10 SNAXW plus $115 to exercise for share of post-split SNAX." Full discussion: https://www.reddit.com/r/SPACs/comments/13tkwkx/spac\_warrant\_exercise/
Mathematically, I know that a company going from $10 to $0 is worse than $SNAX going from a split adjusted $150 to under $3, but viscerally it feels like the opposite.
Absolutely put in saver heaven. I put in a stock brokerage, checking, credit card (earning gift card), atm(used overseas w/ no fees. all bundle together. Fidelity, Schwab etc hopefully with a physical office near you. SWVXX, SNAX are paying decently. Only issue is set up your account. Good luck.
I'm the proud owner of the current $SNAX all time low.
SNAX needs to put out a press release saying they're using AI for logistics power to revolutionize dried meat delivery.
Nice, that would be equivalent of 270 000 shares pre reverse split. Encouraging to say the least. 1/8 as in he owns over 12.5% of the SNAX shares ?
SNAX revenue was a huge miss. Another dead deSPAC walking.... 🪦
0 volume on SNAX at open after bad earnings….nice lol
Couple insights from the SNAX earnings call: - About 500k of operating losses are due to new accounting treatment of the new warrants issued - $5.8m working capital + $5.7m in ATM equity facility available - Cash consumption expected to decline - Can't give good guidance because they're too small and a single retailer promotion can hugely change their numbers - Will not provide continued revenue guidance, current guidance suspended, instead investors should look at SPINS - Can't commit that Q3 revenue will be greater than Q2 (lol) - They think they can continue to reduce costs - Non-answer for how much has been used on the ATM facility, "check the filings" Not great IMO
[Stryve Foods, Inc. Reports Second Quarter Fiscal 2023 Results](https://www.globenewswire.com/en/news-release/2023/08/14/2724954/0/en/Stryve-Foods-Inc-Reports-Second-Quarter-Fiscal-2023-Results.html) \- SNAX SNAXW [Rumble Reports Strong Second Quarter 2023 Results](https://www.globenewswire.com/news-release/2023/08/14/2725013/0/en/Rumble-Reports-Strong-Second-Quarter-2023-Results.html) \- RUM RUMBW
SNAX ATL since the reverse on less than 4k volume
Just loaded 1000 SNAX, legends never die
SNAX earnings [next Monday after market close](https://www.globenewswire.com/news-release/2023/08/08/2720560/0/en/Stryve-Foods-Inc-Announces-Timing-of-Fiscal-2023-Second-Quarter-Results.html).
Maybe SNAX could be the new Tang? Come on NASA , feed those hungry astronauts some dried biltong on the way to Mars.
bid ask spread on SNAX is 0.17 todays volume 50,000 plus. bleeding is starting to stop, looks like floor is 4ish
There's something magical about only popping in here occasionally nowadays, yet three things are the same: SNAX, Biltong, and tiddyfart.
just here to say SNAX you are a massive disappointment where is our beaver
SNAX speed run to zero continues
6% is parabolic compared to SNAX
$KPLT reverse splitting. Let's see if it follows $VIEW and $ATIP or goes like $LOCL $ML and $SNAX
FUCK SNAX. Holy shit if I find the CEO of this piece of dogshit company ill shit on his head.
$SNAX doing what it does best. being a piece of shit.
I haven't checked this sub in like 6 months and people are still talking about SNAX lmao
SNAX still down but not massively. it’s approaching close to ATL terroritoy with the pre reverse price being 0.36 SNAX bulls, tell me something nice so i don’t say eff it and sell and miss the inevitable rocket ship
I thought SNAX *was* 53% dehydrated femoral arteries.
is today the day that SNAX stops bleeding out like someone cut its femoral artery?
holy fucking shit SNAX lost another 10% today what the hell. it’s only 50k volume but this shit is speed running obliteration post split
SNAX holy shit we getting slammed babe
For as this year, I just want one Snek for mentioning SNAX
Had my 40k shares of SNAX converted to 2666, sold off the 666 because it's the devils number, dodged the 20% drop on those shares. Follow me for more financial advice.
couldn't imagine being long SNAX in a market like this..
SNAX on its way back to under $1 despite the reverse split
It's what happens when a low-float, pump n' dump attempt fails. it has nothing to do with the fundamentals of SNAX or the prospects of the company, it's just a bunch of day traders selling what they bought yesterday because it's not going "tO tEh mOoN!!!!!".
Any news on SNAX? Or just lost any "momentum" it had on stocktwits?
$SNAX getting pumped on Stocktwits, trending. It does nothing however, if even 75K volume(which is 1M presplit) cannot make it move.
From 13x on SNAX ? :) That would be something, but with $20ishM cap, it would be worth $250M. Still - 13x from now on would make even my average banana smile and giggle like a child.
>*the tradable float is down to less than 2M.* You also have to subtract all the insider shares from that as they're not instantaneously sellable like normal shares, so SNAX float is now pretty low.
TDAM is showing SNAX as +1362% so I was like WTAF and came here. Just a reverse split. Nearly had a heart attack haha
I'll buy some SNAX today, as the tradable float is down to less than 2M.
SNAX opened at 63 cents today, closed at 57 cents, finished at 51 cents after hours. After reverse split tonight, may open around $7.50 to $8.50 tomorrow morning after the one for 15 reverse split. SNAXW now essentially worthless, terms change to 15 SNAXW plus $172.50 exercise for one SNAX as of tomorrow; so naturally SNAXW was up 50% today on 18k volume 🙄.
TMC and SNAX drilling to the center of the Earth today
[Stryve Foods, Inc. Provides Preliminary Financial Highlights for Second Quarter 2023 and Announces Reverse Stock Split](https://www.globenewswire.com/news-release/2023/07/13/2704273/0/en/Stryve-Foods-Inc-Provides-Preliminary-Financial-Highlights-for-Second-Quarter-2023-and-Announces-Reverse-Stock-Split.html) \- SNAX SNAXW "it will effect a reverse stock split of its outstanding shares of Class A and Class V common stock at a ratio of 1-for-15, to be effective as of 12:01 a.m. Eastern Time on July 14, 2023."
SNAX is diluting again - up to $20m in at-the-market offerings, with $5.7m authorized now: https://ir.stockpr.com/stryve/sec-filings-email/content/0001493152-23-023143/forms-3.htm that's another >25% beyond the 25% they just did with the warrant/debt bundle on just the $5.7m, assuming they actually get $0.5/share (which will be tough considering the lack of liquidity in the stock). There's no lower or upper price limit on the offering.
In the SNAX investor presentation from the other week, there's mention of Stryve market share being 0.59% (up from 0.46%, with YOY pricing up 33.2% and YOY sales up 44.3%) as of May 21, 2023 (pg 29), but their base year example on page 22 shows $50m in sales with 0.5% market share. Meanwhile, their full-year estimate as of last quarter was $30m~. Are we about to get a surprise during Q2 earnings? https://d1io3yog0oux5.cloudfront.net/_832ca3189803147da70cddd0fce3d208/stryve/db/1086/9785/pdf/Stryve_Investor_Presentation_June_2023.pdf
PS, this is how I imagine SNAX investors who are drying their own meat in their outdoor auxiliary buildings might look 👀 lol… not vegetarian.
[Stryve Foods, Inc. Announces Strategic Partnership with 829 Studios](https://www.globenewswire.com/news-release/2023/06/20/2691017/0/en/Stryve-Foods-Inc-Announces-Strategic-Partnership-with-829-Studios.html) \- SNAX SNAXW
SNAX closed at 65¢ today, but someone's dumping for 60¢ here afterhours (or it could be a margin call) if any of you SNAX fans want to add \~9% below today's close. I picked up 550 more shares.
General Q: let's say you have a thinly-traded stock , SNAX let's say, that typically has wide bid/ask spreads of say 0.67/0.70. Sometimes, you'll notice that spread has considerably tightened to, say, 0.6800/0.6801. I've seen this happen numerous times and I don't understand why it happens. obviously if these order were set by two people you would think one would just capitulate and loss the 0.0001$. So it's ikely that both orders are being set by a single entity. What purpose does this serve? Anyone know?
Boever bought another 30k SNAX shares on Friday: https://ir.stockpr.com/stryve/sec-filings-email/content/0000897069-23-000720/form4.html
Who here put in that 67,000 share SNAX buy right before close?
Anyone listen to the SNAX shareholder meeting at 10:00 I forgot all about it
New SNAX PR just dropped: "Stryve Foods has recently been awarded new and expanded distribution with a range of leading convenience store chains. Previously we announced the expansion of Vacadillos into 7-11/Speedway, we are proud to share, additional new partnerships including Travel Centers of America, Royal Farms, select Circle K regions, Kum & Go, Hutchinson Oil, Murphy Oil, Plaid Pantry, Cal’s Convenience, CEFCO, EnMarket, G&M Oil, Get Go, Jackson’s, NEXCOM, Parker Company, Pilot/Flying J, Quik Chek, Refuel, Sunoco, Town Pump, Vintners and United Dairy Farmers" https://ir.stryve.com/news-events/press-releases/detail/64/stryve-foods-inc-expands-distribution-in-the-convenience
Downloaded the app. American made stuff focus. Not against the idea of American made or anything just find some of the brands interesting. Some of the brands: Carnivore Snax, a rival to the real SNAX so obviously this sub can't support it! American Christian Credit Union Artillery Tea A campaign around ditching Target 7 Weeks Coffee - pro life - 10% of sales go to pregnancy crisis centers Another tea company with flavors 1776 Black Tea and Gunpowder Green Tea America First Health Care plan
Sitting on lots of PRs is what SNAX does best. Even when this company has a win it's as if they think it's gauche to brag.
> I'm confident $1 compliance is coming. Perhaps, but just to put the bear view on SNAXW out here: Keep in mind, Boever and the other officers mostly have SNAX common stock. It looks like company officers only hold a few thousand SNAXW warrants. If SNAX is forced to do a reverse split, then the SNAXW will change exercise terms proportionally, and be less likely to exercise in the future. FWIW, not aware of any deSPAC warrants that ever became "in the money" after a reverse split. So not sure that avoiding a reverse split is a top priority of SNAX officers at this point. As far as SNAX holders are concerned, a reverse split is neutral. For SNAXW holders, it is likely fatal. If the share price of SNAX does not get above $1 for 10 consecutive trading days before July 31, SNAX will almost certainly do a reverse split. So even at current price levels, SNAX needs to increase by over 25% in the next two months, and hold that gain for ten trading days, to avoid the reverse split. Best of luck to all holding SNAXW, hope they can pull it off for you.
Good catch, I ripped though that so quick I didnt notice they're non-voting (i.e. warrants). And yes, that is why the filing was necessary as he's theoretically hit \~10% of the class. I view this as a very weird purchase. No way would I touch SNAX warrants because if Jack Links, for instance, were to buy them out at $5 a share tomorrow there's a good chance you'd lose 100% of your investment.
"[The shares of the Stock reported herein as beneficially owned by the reporting person](https://www.sec.gov/Archives/edgar/data/1105806/000093583623000432/snax13g.htm#:~:text=represent%20shares%20issuable%20pursuant%20to%20warrants%20to%20purchase%202%2C921%2C698%20shares%20of%20the%20Stock) **represent shares issuable pursuant to warrants to purchase 2,921,698 shares of the Stock**, *subject to a 9.99% beneficial ownership limitation*. " Laurence W. Lytton has 2,921,698 ***warrants***, not shares. Looking at SNAXW volume, no way all of those warrants were acquired recently ( unless in an undisclosed private transaction ). Not certain, but think that Lytton was required to file the SC 13G because he now holds enough SNAX that he would hold more than 9.9% of SNAX if those warrants were exercised. "The percentages reported in this Schedule 13G are based on 25,881,391 shares of Class A Common Stock outstanding as of May 8, 2023, as reported by the Issuer in the Form 10-Q filed by the Issuer on May 15, 2023." 25,881,391 + 2,921,698 = 28,803,089. So Lytton holds 10.14% of SNAX, if only his warrants were exercised.
SNAX is considered healthy living
WTF is Laurence W. Lytton? Dude acquired over 10% of SNAX. Looking into this now, seems like a family investment trust I'm guessing - he specialized in biotech & scientific investments mostly from the 10 seconds I've taken glancing at his filings.
SNAXW may currently be exercised at the warrant holders option, at any time. SNAX completed the business combination with Andina Acquisition Corp. III in July 2021. SNAXW are exercisable from July 2021 until July 2026 ( unless called for redemption earlier ), ***if there is an effective registration statement*** for the common shares that will be issued if holders exercise their warrants. In January 2022 ( ***six months later*** ) SNAX finally filed the S-1 registration form to register the shares underlying the warrants, and that [first became effective on January 27, 2022](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&filenum=333-262219&owner=exclude&count=40). Any holder of SNAXW could have exercised their warrants after that time. Of course, no one is going to pay $11.50 plus one warrant to exercise for a share of SNAX stock that is selling on the open market for $2.50 ( in January 2022 ) or less as time went on. The big concern for SNAX stock holders now is the prospect of a reverse split, which would severely decrease the value of the warrants. ***IF*** the share price of SNAX does not get above $1 for 10 consecutive trading days before July 31, SNAX will likely do a reverse split. If ( an example ) SNAX does a 1 for 10 reverse split, the exercise terms of SNAXW will change proportionally; it would then take 10 SNAXW plus $115 to exercise for share of post-split SNAX.
$SNAX Hawkins at it again! A ambitious purchase of 3,001 shares at an average cost of $0.833. Have a wonderful long weekend everyone! Enjoy the extra day for the US folks. https://www.secform4.com/filings/1691936/0000897069-23-000592.htm
$SNAX Leave it to 🦫. 35,000 shares yesterday at an average cost of $0.66449. Hawkins the CFO joining the party with a tiny purchase of 3,472 shares at $0.7099. https://www.secform4.com/insider-trading/1691936.htm
$SNAX [STRYVE FOODS, INC. APPOINTS KATIE GRADY AS CHIEF CUSTOMER OFFICER](https://ir.stryve.com/news-events/press-releases/detail/63/stryve-foods-inc-appoints-katie-grady-as-chief-customer). Posting for the snek
Healthy SNAX buy orders coming in here last 10 minutes.
it’s truly absurd though. SNAX is such a ridiculous stock