Trucept, Inc. (TREP)

[Planopenny]

STTN Smart-TEC Automated Services by Planopenny
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Share structure 46,212,123 shares outstanding
Brian Bonar CEO 47% ownership as of 6-15-2011 form 13D
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http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7994400
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Mr Bonar's agreement with the company:
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"For each US$1,000,000 in actual net sales of the Company subsequent to the first aggregate of US $20,000,000 in actual net sales and up to the first aggregate of US $30,000,000 in actual net sales of the Company, introduced by Marketing Partner to the Company (the “Client Contacts”), Marketing Partner will receive 4,500,000 Shares without further compensation. The maximum aggregate Shares that may be issued to the Marketing Partner under the Agreement are 45,000,000 Shares".

NET REVENUE of $3,418,000 for the months ending April/may alone. For the 3 months ending march 31st NET REVENUE of $4,221,806.........January-May Net Revenue is 7,639,806......

Sale of the communications Subsidiary to eliminate debt:

On July 1, 2010, the Company completed the sale of the Company’s wholly owned subsidiary Smart-Tek Communications Inc. to its president and founder Perry Law. The aggregate purchase price of Smart-Tek Communications, Inc. is $821,757 allocated as follows:

(a) $821,756 of the purchase price shall be paid and satisfied by setting-off the Company’s indebtedness to Perry Law; and
(b) $1.00 of the purchase price shall be paid by Perry Law for transferring 32,817 shares owned by him to the Company.

Brian Bonar......Experience....

Bonar also owns 40% (his son owns 40% also) of AMS Outsourcing. A PEO company also that has access to over 14,000 employees
http://www.amsoutsourcing.com/about/index.html
- AMS is unrelated to us per Mr. Bonar (I spoke with him on the phone), but it shows that he can take a company big. He just started with us on June 17, 2009. 2 years and we are profitable already. He has an intrest in seeing this one grow.

How many otc stocks have you owned that are profitable with Zero debt and positive revenue?

Research links:
10Q may 2011
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7949948
Form 13d:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7994400
Smart-TEC website:
http://www.smart-tekservices.com/

Enjoy!! :)