Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I wouldn't be surprised to see SCRC's management try to save the day by putting out a PR pre-market tomorrow and for the stock to have a relief rally up the lower $.50s tomorrow. The story will end the say though - in 12-18 months, this stock will be well under the current 52 week low of $.11.
First of all, where are you getting $8M in sales from? The company did less than $300K in sales in the last quarter. I will leave arguing the ridiculous multiple you place on those estimated sales for another post...
Hi, what is the margin requirement per share to short there?
Hi Nitwit,
What broker do you use to short pennies? I've gotten back into the otcbb and pink penny shorting world, but only use IB right now and their $2.50/share maint. requirement to short pennies puts a hamper on returns for low priced stocks. Is that the only game in town though??
Thanks and good luck!
who lets you trade with stop losses on the over the counter???
Sorry to those who bought into this pump and dump and lost money. Hopefully you'll never buy a $60M market cap bulletin board stock that's under $1/share and has less than $1M/ year in revenues in the last year...
When did he state they would double profits? I know he's said countless times that they are going to double revenues but I have never heard any comments about profits. Q2 results in August will be interesting to see whether Q1 was a fluke as far as decreased profits and revenues Q over Q, or whether Q3 2012 was more of a fluke.
Dr. Sidky has left the company. That is a big loss to Santeon as he is "Dr. Agile".
Does anyone know what is happening with the asset sales(s)? When are they going to finally make a distribution??
RESTON, Va., May 15, 2013 /PRNewswire/ -- Santeon Group Inc. (OTC: SANT, "Santeon" or "the Company") today filed its first quarter 2013 financial results on SEC Form 10-Q and reported strong financial results for the period ending March 31, 2013.
"We are pleased with the first quarter 2013 financial and operating performance. During the quarter we worked on strengthening and broadening the customer base as well as diversifying the mix of revenue between Agile consulting, software development and outsourcing and eBenefits Network," commented Dr. Ashraf Rofail, Chairman and Chief Executive Officer of Santeon Group Inc. "While revenue in the first quarter 2013 was lower than the previous quarter, it was not unexpected. We remain committed to our plan of growing revenue at an aggressive trajectory, ensuring profitability and expanding our business offerings into new markets. 2013 is shaping up to be another strong year for Santeon as we see significant and steady growth in each line of business and a strong foundation develops to grow the business and enhance shareholder value," concluded Dr. Rofail.
First Quarter 2013 Financial and Operational Highlights:
Mark Guirgis, Executive Vice President and Chief Financial Officer commented on the first quarter 2013 results, "First quarter revenue of $1.2 million was lower than the fourth quarter 2012 at $1.4 million due to seasonality and fewer working days in January and February. Nevertheless, we are very happy with the overall financial and operational performance of the business. We continued to grow revenue from existing customers and began to bill revenue from new customers. All three lines of business: Agile training, coaching and consulting, software development and eBenefits Network ("eBN") grew revenue over the prior year quarter. This is an impressive achievement despite the continuing difficult business climate.
The Company reported positive EBITDA (defined as Net Income plus settlement expenses and depreciation and amortization expense) in the first quarter 2013 of $85 thousand vs. negative EBITDA of $42 thousand in the prior year quarter. A reconciliation of net income to EBITDA is included below. In addition, we posted net income of $50 thousand and positive earnings per share ("EPS") of $0.04 for the quarter ending March 31, 2013. The positive net income marks our fourth consecutive quarter of positive earnings. Included in the EBITDA, net income and EPS was a non-cash stock-based compensation charge of $16 thousand related to the issuance of stock options to employees during the quarter. We anticipate that a similar charge will be taken in the quarterly results going forward depending on performance of the Company's stock price and the number of options outstanding.
In addition to the strong year-over-year revenue, EBITDA and net income growth, there are many other aspects of the financial and operational performance to take note of, specifically:
Produced $57K of net cash from operating activities vs. $22K in the prior year quarter;
Improved the Company's working capital position by nearly $90K from negative $222K as of March 31, 2012 to negative $133K as of March 31, 2013;
Continued to strengthen the Company's financial position by reducing debt through internally-generated cash;
Reported positive total stockholders' equity of $63K at March 31, 2013; and
Added 3 additional revenue-generating personnel to the Agile training and consulting practice to serve existing demand in both the commercial and government markets.
"As I mentioned last quarter, the Company's most significant challenge will be finding qualified staff to meet existing and new customer demand. Thus far, we have managed to do so through operating cash flows. As the year progresses, it may be necessary for the Company to seek external sources of funding to meet growth-related working capital needs. The Company will explore all options to secure such external funding on terms that are most attractive to the Company," concluded Mr. Guirgis.
Reconciliation of net income to EBITDA
March 31, 2013
March 31, 2012
Net Income
$ 49,635
$ (75,297)
Loss on disposal of asset
(56)
-
Depreciation and amortization
36,294
33,791
EBITDA
$ 85,873
$ (41,506)
About Santeon Group Inc.
Santeon Group Inc. is a technology company headquartered in Northern Virginia with offices in Reston, VA, Tampa, FL and Cairo, Egypt. Santeon offers products and services in Agile training and transformation, software development, healthcare and media. Santeon's goal is to serve emerging markets by providing technically superior products and solutions while reducing the cost of ownership and deployment of these solutions through a strong channel partner and distribution model. For more information please visit our web site at http://www.santeon.com.
Safe Harbor Statement:
The preceding press release may include statements that include, among others, forward-looking statements about our beliefs, plans, objectives, goals, expectations, estimates and intentions that are subject to significant risks and uncertainties and are subject to change based on various factors, many of which are beyond our control. The words "may", "could", "should", "would", "believe", "anticipate", "estimate", "expect", "intend", "plan", "target", "goal" and similar expressions are intended to identify forward-looking statements. All forward-looking statements, by their nature, are subject to risks and uncertainties. Our actual future results may differ materially from those set forth in the forward-looking statements. Our ability to achieve our financial objectives or improve the company's stock price could be adversely affected by many factors, including, without limitation, the following factors: The strength of the United States economy, changes in the securities markets legislative or regulatory changes, the loss of key personnel, technological changes, changes in customer habits, our ability to manage these and other risks, and our ability to deliver products and services on time. However, other factors besides those listed above could adversely affect our results, and you should not consider any such list of factors to be a complete set of all potential risks or uncertainties. These forward-looking statements are not guarantees of future performance, but reflect the present expectations of future events by our management and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Any forward-looking statements made by us speak only as of the date they are made. For additional information about Santeon's business and financial results, refer to Santeon's Annual Report on Form 10-K that may be found at sec.gov or on http://santeon.com/Sec_Filings.html. Santeon undertakes no obligation to update any forward-looking statements that may be made from time to time by the company, except as may be required by applicable law, whether as a result of new information, future events or otherwise.
Contact:
Mark Guirgis
Santeon Group Inc.
703-970-9200
markguirgis@santeon.com
SOURCE Santeon Group Inc.
Copyright 2013 PR Newswire
He resigned from the board. It didn't say he left the company (in his role as Executive VP). If he leaves the company entirely, then that's a big concern.
Which penny newsletters/sites are pumping this? And has anyone found a broker which has shares to short?
Those that are selling here will regret their impatience.
SANT put up $.22/share in EPS in the second half of the year while entering July with only $4,347 in cash! It's silly to see a stock that grew revenues 90% still trade below one times sales.
With the company in the best financial position in its history, I look forward to only good things.
This will prove to be a 10 bagger from the low in February...
where did I say they were going to file a 10-q for q4 results? Of course I know that a 10-K is filed for annual results - this isn't my first investment. However, if you think a company is buying back stock 2 weeks before their results are due to be filed with the SEC, then you may want to grab a piece of paper and a pencil and take some notes...
The company knows the results for q4 2012 and has yet to file them - I assure you they are not in the market buying back stock. If they can continue throwing up results like q3's net income figures along with solid growth, the prices here are ridiculously cheap. However, if q3 was an anomaly, we drop back under $2.
what???
"Within the last 52 weeks, has there been any news or press release that would put a daggar into the gut of the company?"
The company's operational results may be improving, but the STOCK has taken a "daggar" in that the shares outstanding total is more than 12 TIMES GREATER THAN IT WAS less than a year ago.
"As of April 11, 2012, the Company had outstanding 18,933,139 Shares of Common Stock, $0.001 par value. "
"238,131,674 shares of common stock issued and outstanding as of February 7, 2013"
So yeah, this shouldn't be under a penny or anything given the recent positive operational results from the company, but it sure as hell isn't going back to $.50 or anything ever again with that many shares out. BUT, as long as this thing is trading 10s of millions of shares, its going to have some awesome swings to trade!
Dr., Congratulations on your call last week that it would see .05+ this week. I was definitely a doubter, but hope you reaped the benefits of your call!
that conveniently got pulled...
i am buying because i'm "afraid" that may be the case here...
i bought some today and i surely am not "strong hands"!
what accumulation? i see a bunch of bid whacking going on!
This company's stock just can't help itself from dropping regardless of what letters are in the ticker symbol!
you guys still buying this one? BS!!
I managed to be wrong on both! Here's hoping CERP has some more good news up their sleeves to release this week.
Essentially all of that revenue in 2011 was fluff though. They sold it to customers who couldn't and didn't pay them back. If I am a company and I go up to 10 strangers on the street and "sell" them my product and say you pay me if/when you can - have I accomplished anything? Not unless they ever pay me, which CERP's customers didn't. If they get on a $8M a year revenue run rate in the next 12-18 months, I'd be shocked.
1M share bid @ .028 destroyed!
So then your answer is no lol
Is there a price where the chart would be "broken"? I personally was looking for (and hoping for) a quick, sharp drop at the open followed by a steady climb back up the rest of the day. However, it looks like CERP is in bleeding mode.
I think we'll see a dump at the open, but hopefully, its just a temporary dump.
Aa far as wanting (cheap) shares, there are plenty of shares out there for sale so no need to fight for them! Plenty of supply of CERP shares - let's just hope the demand stays up there.
If you are so confident about the stock price, why don't you call what it closes tomorrow at....
POLL: Torrow, does CERP 1) open above $.03 and 2)close above $.03?
One question #1, I say no, and on #2, I say yes, barely
benjo, Ironridge is an instiutional investor. If they want to short stock in large bulks, they will be able to. It isn't hard to short stock when you can show you are owed that many shares by the company. Either way, the actually 50M shares hitting the float isn't the biggest concern - its the fact that the outstanding share count if/when those 49M shares are issued will be 200M, that is OVER 6 TIMES AS HIGH AS IT WAS IN NOVEMBER!!
There must have been an agreement made between the company and Ironridge to allow the conversion of these preferred stock shares near recent market prices:
"equal to the sum of the following: (a) the Corporation Redemption Price, plus (b) the Embedded Derivative Liability (as defined in the Certificate of Designation), less (c) any dividends that have been paid."
The $.25 or $.50 conversion price is a moot point now.
This prospectus includes 49,022,252 shares of common stock issuable upon conversion of Series A Preferred Stock. The amount of shares included in this prospectus was determined based on one-third of the Company’s public float as of January 25, 2013. As of January 25, 2013, the corresponding number of overlying shares of Series A Preferred Stock is equal to 68. This number of overlying shares of Series A Preferred Stock will vary with the market price of the common stock.
Common stock outstanding prior to the offering
151,596,664 *
Common stock offered by the selling stockholder
49,022,252
Common stock to be outstanding after the offering
200,618,916**
There must have been an agreement made between the company and Ironridge to allow the conversion of these preferred stock shares near recent market prices:
"equal to the sum of the following: (a) the Corporation Redemption Price, plus (b) the Embedded Derivative Liability (as defined in the Certificate of Designation), less (c) any dividends that have been paid."
The $.25 or $.50 conversion price is a moot point now.
This prospectus includes 49,022,252 shares of common stock issuable upon conversion of Series A Preferred Stock. The amount of shares included in this prospectus was determined based on one-third of the Company’s public float as of January 25, 2013. As of January 25, 2013, the corresponding number of overlying shares of Series A Preferred Stock is equal to 68. This number of overlying shares of Series A Preferred Stock will vary with the market price of the common stock.
Common stock outstanding prior to the offering
151,596,664 *
Common stock offered by the selling stockholder
49,022,252
Common stock to be outstanding after the offering
200,618,916**
oh the pioneer in music downloading....and how is that company doing right now???
"i remember having this same exact conversation just about a year ago.
the OS went up about 5x, and the stock price has gone up tremendously. "
This stock's price has went up tremendously since your conversation a year ago? LOL what are you smoking man???
benjo, i said "32M share range as of the last 10-Q"...i know what the filing from friday night said! and that's the problem - the outstanding went up about 5X, and if you factor in what they can be issued if they convert the preferred, the outstanding share count went up by over 6X!! there's no hope to educate you. good luck.
Perhaps you don't get the difference between authorized and outstanding shares based on this comment "there have been *other* stocks that recently ran, despite having their authorized share counts increased over 3x to 1 BILLION shares"
the AUTHORIZED share count did not go up here, the OUTSTANDING just went up from what was stated as in the 32M share range as of the last 10-Q to now 200M assuming Ironridge converts their preferred shares. Ironridge owns 128M shares (64% of the company), assuming it converts all of the preferred stock - you don't think they will sell these 50M as soon as possible?!?! That isn't even factoring the Magna convertible debt which will be an overhang on the stock.
The only thing this company is good at doing is issuing debt and stock.
see there is a bunch of $ that the company is on the hook for, and the only way they can pay their operating expenses as well as pay the past debt owed, is to issue new convertible debt. That current outstanding share count does not factor in the dilutive effects of convertible debt issued to Magna and others. The horrible thing about OTC penny stock convertible debt is 99.9% of the time, it is based on a discount to the lowest trading prices in the last month; in this case less than $.01 per share. So 100M additional shares only covers $1M worth of converible debt (less depending on the haircut to the low of the last trading month). So you can bet your behind that fully diluted shares outstanding is 300M.
I am NOT short this stock. Who has the ability to short OTC $.035 stocks in any size? Usually the margin requirement to short any penny stock is $2.50 a share; to short anything in size would take tons of money, which I don't have.
You honestly think this isn't going to tank on Monday? Who knows, maybe there will be a big shake on Monday at the open and then it will bounce back.
my 300M is fully diluted considering conversion of other debt, preferred stock, etc. It's ok, you don't have to admit I was right. Unfortunately as good as the charts looked here based on the closing price today, the stock is going to get destroyed on Monday and you know it or else you wouldn't be asking others if they are going to hold it.