SNM Global Holdings (OTCMKTS:SNMN) On A Bull Run

The share price of SNM Global Holdings (OTCMKTS:SNMN), an entertainment/media company, jumped recently reacting to an interview with the CEO, Troy Lowman.Among other strategic decisions, the market got to know that this executive plans to cancel 70% of the company’s float and is looking for acquisitions. In this article, we will assess his words and will also try to justify the astonishing share price action: 1 year chart for SNMNBusinessSNMN is a very old business entity that has gone through several mergers and transactions and has very different business activities. Thus, we believe and appreciate that the management should have accumulated a large expertise in business. For old readers we are noting different names that the company had. Maybe you remember some of them:

• Cinemaya Media Group, Inc. until November, 2008
• Caltas Fitness, Inc. until February, 2007
• One Punch Productions, Inc. August, 2006
• Blue Moon Group, Inc. until December, 2005
• Open Door Online, Inc. until November, 2002
• Genesis Media Group, Inc. until August 1999
• Hollywood Showcase Television Network, Inc. until February 1998

What's the business model as of today?According to the last annual report, the following was said about the activities of SNMN:

"Since 2015, the Company has focused on building a management team to launch an entertainment and media holding company in the business of acquiring and developing a variety of businesses related to film, beverages and other lifestyle sectors." Source

We want to draw the attention of the readers to this attorney letter, wherein it is noted that the company is respecting the SEC regulatory framework. Have a look at it; it is really interesting. Additionally, the lawyers noted the meetings with the management, and the assessments of the last quarterly reports:

"I have personally met with management of the Company and a majority of the directors of the Company, have reviewed the information published by the Company on the OTC Disclosure and News Service and discussed the information with management and a majority of the directors of the Company." Source

Recent DevelopmentsThe most significant announcement was received on September 13, 2017. The CEO, Troy Lowman, gave an interview on the Uptick Network Stock Day Podcast with Host Everett Jolly, and noted very interesting points including the potential of Reg A+ in funding seven term sheets and properties in sight of purchase. We believe that these events would mean that the company is really moving forward. They would reshape the balance sheet and increase the assets, thus boosting the company's growth and share price.He said the following about new acquisitions:

“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.” Source

On top of it, he mentioned about reviewing the elimination of 70% of the Company’s float, which would make the share price jump. We believe that it was this fact which really made the share price jump. For those interested in the share structure of the firm, we found the following information from OTC Markets:Authorized Shares4,000,000,000a/o Nov 08, 2016Outstanding Shares1,094,211,721a/o Feb 27, 2017-RestrictedNot Available-UnrestrictedNot AvailableHeld at DTCNot AvailableFloat30,701,119a/o Jun 27, 2010Par Value0.001SourceThe good news did not end there. On September 15, 2017, the company announced that its subsidiary, Cannabis Payment Solutions, intended to acquire marijuana properties over the next 60 days in all aspects of the cannabis industry with a minimum of $1 million of its recently qualified Reg A filing. The CEO explained the potential acquisitions with the following words:

"We will emphasize making inroads in the wide open East Coast markets and potential cutting-edge properties in the sector. We have target acquisitions already and are searching for more." Source

In our opinion, the news was quite good, as they show that the company is growing and has an ambitious management team. We need to be alert, as if the acquisitions are executed, the share price should jump. If you don't have the time to follow the news, we encourage you to subscribe to our newsletter.Furthermore, on the same day, a new update was put out on what Cannabis Payment Solutions was going to work on. The company has a complete payment ecosystem developed to provide a cashless payment option to make the sale of cannabis safe and easy. The technology seems quite innovative and the marijuana industry seems to be the right place to invest at the moment.Is it the first time that you are reading about this sector? We have assessed many of the marijuana companies trading in the U.S. and Canada. We encourage readers to check the returns that these companies have provided after the legalization of the medical marijuana.ConclusionCurrently trading with a market cap of $3.6 million, SNMN is an exciting story among small caps. With very little assets shown in the quarterly report assessed by the attorneys, the company will need to acquire other business to grow. We, like the market, appreciated the sector chosen. Additionally, we like the changes in the share structure commented by the CEO. To sum up, be ready to assess this name in the future. If the company executes, we will see the bull run continue.We will be updating our subscribers as soon as we know more. For the latest updates on SNMN, sign up below!Image courtesy of Jen Sharp via FlickrDisclosure: We have no position in SNMN and have not been compensated for this article.