SOFN ~ In a preliminary conversation with Jim Booth, President and CEO of SoftNet Technology Corp, EDWARD STEVENSON gained much insight into the company, as Jim Booth resides as a very professional, yet open-minded individual. He was happy to answer any questions served up, which gave off a very reassuring vibe, being a shareholder that is.
He noted the outstanding share count to rest, as of this very day (01/12/09) at 152,400,000, of which approximately ~20M are restricted, meaning the float is estimated at 132M, as of this very day (01/12/09) as well. With some ~180M worth of volume traded over the period since the release of the 10Q filing, it is safe to say that whoever had been selling since that point in time is either very close to done (considering the enormous volume some sessions back), or otherwise completely out of willpower. The outstanding count has rested at these levels since winter of '08, where sellers helped this thing roll down hill, by which Jim Booth commented on the fact that his company would not be selling shares at this point in time.
In addition, just as EDWARD STEVENSON had promised to do, he inquired about Mr. Holt's relationship to the corporation at the given moment, to which Mr. Booth chuckled before replying: "He has no relations to our company, management, business, etc.,...he is in jail right now"...followed by another hearty chuckle. The other vital piece of information that EDWARD STEVENSON was able to attain was that Mr. Holt's remaining stake in the company is recorded at some 5M restricted shares.
Furthermore as the pleasant conversation went on, Mr. Booth was not hesitant to admit that his shareholders deserved a press release concerning progress that the company had made, goals that the company hopes to achieve, and predictions concerning their bright future. Most importantly, just as he had mentioned the pending news release, he claimed to be of a purposive mind, where he does not believe in issuing press releases if they do not add solid shareholder value to his security.
Remember that this was simply a preliminary conversation, to which, one, if not many more, will follow this week. Among such, Mr. Booth will be kind enough to answer much more specific questions, in much more thorough dialogue.
WHERE IT ALL COMES TOGETHER: THE EDWARD $TEVENSON EXPRESS - CLICK TO VISIT.
