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Eagle...you seem to be an expert at making either personal attacks or stating the obvious via one liners and sarcasm(example: it will never go beyond 1 cent today).
Yet, when it comes to sharing facts and knowledge, you seem to avoid that subject. So, I will ask the questions again;
1. Why do you think the company needs to do a split at the current share price?
2. If not at the current share price, what should the trigger price be?
3. What should the ratio of the reverse be?
Show us some real insight, experience and knowledge and leave the personal attacks and sarcasm aside, people are here to make money not for therapy. Ironically, YOU are the legend in your own mind (which was your statement to Dave who has been here long before your interest in stock).
6 comments....
1. None of the $1.5M was given, let alone spent. It was a line-of-credit which they only received $150K of. So, you can't spend what you don't have.
2. Howe is not a techie, so to give him credit that he "fixed" the product in 3 months is a stretch
3. Can you give tangible evidence of your statement "Iceweb attracted attention at the investors conference last week". We all saw the picture which reflected poor attentance and being in the "company" of non-tech companies. I doubt that they hit/met the right investors.
4. Regardless of any of the past, where are the sales now? Why can't they demonstrate or announce a single sale, small or large. Are there ANY? Did they sell at least one unit this week?
5. Howe is no different than the prior management, he is still focused on the stock rather than the business.
6. I doubt that they would be an acquisition target, but perhaps a merge with an equal in a complementary industry.
This is a very unfortunate company that all it needs is SALES... They need to cut down expenses significantly if sales are not coming in and restructure
Not sure what would drive them to do that at a sub-penny price. They have a long ways to go before they should consider that. Would be a total waste. IMO
Since you brought it up, what do you think is the ideal share price that should trigger this and what should the ratio be?
Was sending positive vibes to get news on Sales. It is impossible to believe that a company is trading at that stock price and with a market cap north of $12M and can't even demonstrate a successful sales plan that is able to push a single box a day.
Very discouraging....
Expecting some interesting news today....
GQart, I understand and appreciate your point, however....
It makes no sense to me that anyone would still be holding a position (a while back or recently like myself) and defy the success that SANT has been demonstrating.
You have to keep in mind (message to Miggs as well), that 70-80% of the people on these boards (for all the stocks, not just SANT) are promoters, officially (meaning, getting paid to pump it for others) or unofficially (meaning, they pump it for them selves and their band of players).
I am also not sure why anyone is surprised at the pump/dump effects. It is clear who is behind it (and it is not the company) and why they are doing it. These are people (probably the old management) who need to do some Christmas shopping and need to make $15-$20K in a short period of time, so they put up $20K and get back $15K (net) in a couple of days, something that would have taken them 3 weeks to produce because of the low volume and volatility of the share price.
This is good news for 3 reasons:
1. They will eventually deplete their inventory
2. These campaigns will bring attention to the stock and put it on some people's radar
3. Those who buy this round will set a new bottom (buying day was at .007) and will hold till it moves 20% hire and that cycle will continue.
SANT is a very strong performing company that is taking a beating on the PPS because it lacks real stock awareness programs. Big difference between stock awareness and stock promotions. it certainly gets its share of the period promotions and people do make money because they are selling a strong story. I don't see any tech company performing at SANT's levels on the OTC.
I would bet that we could see another pump before Christmas and the next one should be around Easter... those bills don't pay themselves ;)
cheers.....
Even though it looks like a promo, it is not a "hype", a "hype" is when you try to give something more value than what it is worth. This stock is WAY undervalued and whoever gets in is getting a great deal. No other OTC, Tech company is growing at the pace with profits. If "Tech" is your thing, then this stock is a keeper.
Deos anyone have any news on the Q?
How interesting... At first glance I thought it was good news, then it clicked after reading the K.
In preparation for the investor pitch, Howe gets the board to put up a "line of credit" (Do they actually have the cash? doubt it).
They only recieved 111,000 with a 12% interest (how supportive of the BoD, they are losing money with ONLY 12% interst), they then charge $1500 origination fee (more support), then they get a confession of judgement (that's real confidence).
Now, can someone explain to me what the celebration is about?
That just ads MORE debt to an already DEEP in debt company, without sales.
really puzzled...
I understand your view and appreciate it. However, you can be irresponsible by either doing the wrong thing or doing the right thing at the wrong time.
Right now, with a company drowning in losses, no sales, continuing to borrow money it would be a waste of time and money to pitch to investors. There is nothing to invest in right now unless a REAL track record of success is established and proven.
I believe that IWEB has a great potential, BUT, the question is: why can't they execute? That's a a HUGE question mark to any investor.
I came in at the hope of the new CEO being able to turn this around, but have been very disappointed. He seems to like to toot his own horn with no results. Just fluff, a bragging press release without NUMBERS *is* fluff. If the sales numbers are so impressive why not annouce them. The fact is, they aren't and it is better to work in silence then come out with real results than to cry wolf every other day.
a frustrated investor.. cheers :)
Profitability will never be insight if everytime you sell a unit, you turn around take that money and pay it towards a conference like NIBA where you have to pay $5K to attend to present for 10mins then call that "Invited" to present. No, there was no invitation, there was an application with a fee. That is irresponsible.
Sad to say that things will never change... spin spin
Never let a bad press go to waste ;)
Not good... Where are the sales and the activities?
VERY impressive!!! Well done Ash and Co. PLEASE keep it up...
Need to see some IR/PR coming through to support some buy-side action...
An unfortunate but an opportunity to remind small businesses of the importance and value of unified storage and push the Iceweb value proposition.
I'd be all over it to push sales. Perhaps a "Promo" for the next 30-45 days with discounts.
Better yet, offer a % of sales to go to one of the credible charities that will be helping the victims of the Hurricane.
sell.. sell... sell... it's your only way out. be creative.
Interesting...
So, my previous posts explaining why I support SANT with facts about revenue growth, market credibility, client lists, unique offering, visionnary management, ALL did not make sense to you. ok :)
But your statement of "SANT will turn to Dust" is full of credebility :) and that is because of what? You are Miggs All Mightly and "you just know" :)
Can't you see that those who are left on this board are just the negative folks (You and Eagle) and your objective is to drive any rationale thought away. I wonder why?
If you don't believe in the company, don't trust their management, don't understand their market, don't believe in the stock, then why are you wasting your time here? :) don't you have better things to do with your time?
If you are still carry this stock, then that is evern more confusing :). It's a penny stock man, just dump it and move on...
I explained why the stock is very volatile and grossly under-valued and explained (several times) that investors will favor a performing company ANY time of the DAY. You don't want to get that, that's fine :)
There is stock out there that has 1/6 of the world population as members, it was projected to hit the roof, it went down to less than 1/2 of its IPO. Can you explain why that stock is not performing? Do you think the stock performance is because the company will turn to dust?
Yes, I know, I know and I really know what your reply will be: Here is your reply: "Are you comparing SANT to xxxxx... HAHAHA". No, I am not comparing them, I am making a point that STOCK performance is not something that a COMPANY or MANAGEMENT CONTROLS. GET IT????????? :)
So, when you do your DD, look for companies that IS performing and that IS growing and HAS sales, etc....That's harder to get than finding a promoter to pump up the stock for no sustainable reason. I am all for that as well for stock that I don't plan on holding, but you need to balance your investment and hold "something". You decide....
No need to reply by the way, you don't have to be right or wrong, it's just an opinion...
Indeed it is!
We are just 2 differnt types of investors:
- You watch the stock movement for 6-12 hours, I watch it for 6-12 months.
- You are looking for any uptick to dump, and I am looking for performance indicators to hold.
- I invest in companies that I have a good grasp of their industry and understand the market demands, you (speculating, apologize if I am wrong) invest based on a tip.
So, I am ok ;)
If you are still around in 6 months, let's compare notes.
Good points....
That's a good start to an intelligent discussion...
#1. Why SANT is a great company objection:
1.Show me a company that is growing at the 75% rate that they are
2.Show me a company that has their client base and adding to it
3.Show me a company that in this economy is moving from red to black
To me they are an indication of a movement in the right direction
#2. Stock will solve itself objection:
I think this board (at a micro representation of investors) is your first indicator that SANT has NO investor base. There are 3 people here who occasionally write and bicker with one another.
The company has no followers. They have been out of compliance for so long, they dropped off everyone radar. Look at their Market Makers, its eTrade and NITE there is no MM support. If they continue to release news, if they put together a decent IR program, believe me “investors” will come in.
You seem to think that there are investors and retail support and I keep telling you that there aren’t ANY. If you have level 2, look at the depth of the trades and look at the spread and tell me if you see ANY investors.
#3. Use their cash objection:
That’s a good point. I am projecting (yes, I am speculating) that if they stay on that growth path, they will self generate cash. I hope I am right because if that does not happen by the end of the year, then something is wrong.
As for the cycle. Let’s just leave it at; I see it one way and you see it another and let’s see what comes next. I am encouraged by the last quarter results but also aware that 1 data point does not constitute a trend, so let’s wait for the Q3 results and evaluate. After all, it’s penny stock, big risks, big rewards very little lost and if you are going to buy a penny stock in Tech, I would chose SANT (that's just me) and I am not intersted in non-tech penny stock.
What a total waste of money that would be if this company spent a cent on a stock buy-back.
Eagle's commentaries are 90% speculative and 10% stating the obvious.
He speculates that old management are dumping stock. While with a stock buyback the PPS will go up as well improvement of EPS, it is NOT what investors look for. Savvy investors evaluate how the company spends their cash, they look for sustainable growth.
So, Eagle here suggests that if the company has cash, they should buyback the stock, a strategy that will probably bankrupt this company in 3 months.
SANT is a great company on a good trajectory, the stock issue will solve itself when new investors come on board, new investors will come on board when the company performs, the company will perform when they use their cash to reinvest in the company and expand it. Get the cycle yet?
If you grow it they will come. New investors will buyout anyone with a short position or wants to dump. That's just common sense.
I HOPE there won't be any backbacks. That is my signal to walk away...
Eagle, you are welcome to debate the points, but please stick to the points rather than personal attack or more speculation on my intentions.
Beware of academics...
Am I missing something or reading the financials wrong? Revenues were $2.7m (approx) with a Market Cap of $13m (approx) tells me this valuation is upside-down. Thoughts?
A company needs 3 things (at minimum):
1. Fiancial Performance (show that you can increase revenue and have a strong profit) that is sustainable for several quarters.
2. Market Relevance. Show that your products and services have current as well as long-term demand or that you have the ability to support new demand.
3. Market Support. Show that you have a strong and growing base of shareholders through market makers (and the rest of the commmunity).
SANT proved and hopefully continue to prove points #1 and #2. There is/should not be any debate about that, let's just all agree to that and stop the non-sense attack on this company regarding these 2 points.
The BIGGEST problem is #3. You mentioned before in your posts statement like "thousand of investors" can be wrong. Well, the basis of this statement is wrong and the reason why the stock is going down. There are NO "thousands of investors". This stock has ZERO (or close that) visibility. The stock hardly has ANY Market Makers supporting it. I doubt that other than the 3-4 people posting on this board there are ANYONE looking at this stock.
The company needs and must create a legitimate IR/PR program to reach out to the investment community which currently they DO NOT HAVE. PERIOD.
Don't expect this stock to move without support. The company has a good story that it is NOT telling. It's CRAZY
It's a great company that needs to start making some noise.
To be fair (not saying that it is a fact), some agencies DO NOT want their vendors to disclose any information and put a lot of restrictions on public annoucements. With that said, the numbers SHOULD reflect in the Q. If they don't then Howe should be called on it and encouraged to tone it down so that he is not following the footsteps of his predecesors.
They are not a scam by any stretch of the imagination. They have significant challenges but they should be able to execute IF they are able to pave a clear path to sales. I can't seem to find anything tangible but I do want to believe. Very caustiously optimistic.
With all the support that he is getting on this board, I would like to see a financial win of renegotiating those warrants since disclosing sales projections seems to be a challenge. If he wants to suceed he will need a BIG win, these little steps are non-sense.
You have a lot of anger...
Anger is a mask for fear or hurt... which one are you suffering from?
I have been accused of being Penny and now of being Ash... :)
It's becoming a trend that if you say anything good/positive or defend the CEO of the company, then you have an agenda.
Well, the same is very true for you Mr. Eagle. What's your agenda that drives you to go check credit reports and disimiss the growth of the company.
I will continue to support the company and buy its shares. As for why I am not buying now or how much I own, that's a private matter and once again speculation on YOUR part that I am not :)
speculations, rumors, instilling fear are all self serving agendas. Time will tell.
Yes, once again I will state it, I supprot THIS company AND the CEO. I met him, I like him and in my network and circle everyone knows him and respects him. That's my DD, not sure where YOU get your knowledge of him. Are you part of the old management? :) Is that why you are angry? :)
Ironically the TOS of this board prohibts personal attacks and accusations, and they remove my posts of faacts, but my magic your rumors and personal attacks stay on this board... hmmmm.. I wonder who is manipulating that and why? Man, there is WAY to much ANGER on this board.
More Facts…
Miggs, I have answered this question before and said that based on my analysis and research – not Eagle’s jokes and rumors and emotional reactions that are clearly based on personal issues or perhaps even conflict with the CEO of SANT, that the declining shares are due to the following:
1. Company has been out of SEC compliance for close to a year and a half now
2. Company is Pink with “No Information” – Brokers would NOT touch that
3. Company has barely 1 or max 2 semi active Market Makers
4. Company in the past (before SANT) issues a lot of paper and those who received it for free and dumping at any price
5. Company executed a couple of “Stock Campaigns” that usually hurt them in the long-term because you are replacing free stock holder with a day-trader who know nothing about the company and would dump at any price
6. Company does not release any news
So, your statement of “There are hundred of thousands of investors…” is at its core and foundationally and fundamentally FALSE and WRONG simple because SANT has hardly ANY investors (read items 1-6 above). When the company becomes compliant, is upgraded up from the pink, etc… the investor base will increase and the buy will increase and it will pull the stock up, it’s natural. I am not a “minority” and these are FACTS despite what others would like to color them.
Eagle’s comments are NOT facts – wake up everyone… wake up… As a matter of fact, since you seem to always be his cheer leader and supporting any statement he puts up as “god given”, he actually happens to disagree with you about the share price. He says (and go read that posting), he is NOT concerned about the share prices AT ALL. So, you may want to debate him not me. He happens to be wrong on that one as well by the way because once again, it’s an emotional statement that lacks substance.
On the other hand, someone like Eagle who does not care about the stock price happens to also dismiss ALL the other FACTS about how the company is growing 70% each year, how it is reducing their losses significantly, how it is being disciplined in not issues equity or shares that, etc…
So you have to ask yourself, what does he care about if it is not share prices AND dismissing every positive aspect of the company. I will summarize it for you: He cares about personally attacking the CEO. The only guy who is actually pushing this company forward :) So, you ask yourself rationally why and hopefully you will be able to see the light.
Cheers and Good luck.
First, you have to pay for the report to read the 39 pages unless you are refering to a different report. Second, the report mentiones how crowded that market is. IWEB will need a lot of money to compete effectively. Will see how this cash will be generated. Cheers...
Facts Check…
Interesting... Let’s look at my "baseless opinion" vs. Eagle:
Lesson 1: Actual vs. Relative Losses -
A company that makes $100 and loses $10 is NOT the same as a company that makes $1000 and losing $11. You figure out the math in that one then see who's argument is "baseless" now?. if you still can't tell the difference, ask someone a financial analyst. Or ask Eagle, he has a magical calculator and knows how to read too bad he can't analyze figures. I hope his job does not involve numbers or people ;)
Lesson 2:
Show me a company that is posting above 70% revenue growth 2 years in a row and continuing to perform WITHOUT selling equity, raising debt or issuing warrants. That's not "luck", that's "execution". If your think Ash can't be trusted, then show me a CEO who is delivering on these growths numbers. Seems you have a personal issue with him. Maybe YOU can't be trusted.
Lesson 3:
Large/sophisticated companies who conduct real DD (not Eagle's style or definition of DD), chooses Management before they select the company's product or service (there are plenty of companies that offer these products and services our there). I would take a huge leap of faith and say that these companies that chooses to work with SANT have done more DD that Eagle has (if you want to call his DD).
Would love to see a fact or 2 posted here especially challenging my 3 points above. Show me a fact about these 3 points and I promise you I will disappear and leave you guys to enjoy each other’s sorrow company and feed off of each other’s negativities and baseless attack of other people’s character.
Note to Miggs: I can understand why you’d only latch on to negative posts about the company. That’s how we are made as human beings; we gravitate towards our current state of mind. You are negative and don’t like the company so you only relate to negative posts, you won’t be able to see anything even if it is starring you in the face. Good luck….
Note to Eagle: Please post your "findings" here to benefit all of us. Sorry pal, making a statement (no matter how strongly you feel about it) is just an opinion and in your case "rumors" and since you go by the name "Eagle" not your real name, less value is put on "Opinions" than facts. So, FACTS would sufice for now espcially your DD based answers to my 3 points above. Let's keep it smart now and FOCUS your answers sticking to EVERY POINT I AM MAKING. You can go one to make "NEW" points if you want, but they won't count as "Answers".
Eagler, Since you seem to be the only person who owns a calculation try to use the advanced feature of it and determine "relative" loss vs. using the Add/Subtract buttons on a calculator. We all know how to do that. But thank you for passing the math test.
Oh!! you have Ash's credit report? :) that's wonderful. I think you just unlocked the key to running successful companies. Let everyone note that every CEO with a good credit report is the only key talent you need to build a business.
The clients that sign up to work with Santeon must be because Eagle is a shareholder :)
Excellent assessment and conclusion. :)
Eagle, I know where you are going with your questions. But the book answer is 2011. The company is growing rapidly and capitalizing their own growth without additional debt or issuing equity. Can you show me a company that has that much increase in the top line without raising debt or issuing expensive warrants?
Also, Eagle, I don't think you really understand the eBN business. The other lines of revenue you are putting your hopes on are comodoties in this industry. The value of SANT is in their unique combination of products and services.
As for your statements on the stock PPS, and the statements made in an earlies post that the stock will amount to nothing because "Investors" are not interested or believing in the company I would suggest focusing the word "Investors". SANT has NO investors. There are barely 2 MM supporting this stock, there is no retail awareness and no official IR/PR program to reach out to "Investors". IMO, when the company is current, when they get our of the Pink, when they show profit, when they continue to show growth, when they back on the QC or QX, THEN and only then you will see support and increase. Even with the current structure, if people want to sell there will be a strong and large buy side.
Last word, your refer to Ash as a tekky and in no position to speculate on the value of the stock. ALL of the companies that we would all have loved to hold shares in while they were growing were ALL run by "tekkies". You can buy a financial advice for a $1, you can't buy vision. I am publically suppporting Ash because of his reputation (you should do some DD there as well).
Cheers...
DD? Realistic? Dust?
That's really funny :)
DD is not reading the Q and stating the obvious then making ridiclulous claims (which means unsupported and lack of DD). Example:
Eagle made the "assumption" that since the debt/note holders accepted a reduction it means they see that the company is not solid. What an outrageous conclusion. I guess with the same token, rich people walk into stores and request to pay double to prove they are rich :). Every company negotiates debt, and that's the smart thing to do and I admire their skill in doing so ESPECIALLY when you don't see them offering stock or warrants in return/exchange for.
A company that is growing at that pace and reducing their losses at that pace in a high demand market that they are leading in is hardly a candidate for turning into "Dust" (please due your DD and understand what SANT sells and to who and what the market size is and who the competitors are - that's DD).
As for stock; you should really do your DD. But here are some tips:
1. The company is in the Pink now with a big fat warning label next to it.
2. The company has barely 2 MM supporting it
3. The company releases NO news and gives no guidance.
There is a LOT more sell side than buy side.
When they fix the 3 items above, the buy side will increase and on days where there is a slight increase on the buy side, you can watch the charts and you'll see what I mean.
If the company continues to perform in both directions (increase revenue, reduce losses) at the pace they are doing now, they "should" be able to show profits next Q. Let's wait an see then judgement day will come.
Best to all....
"Strong Inroads" is an insult to investors that have to solve the puzzle of what will happen to warrants, losses and flat sales in a crowded market that is well ahead of IceWeb.
Aside from the assumptions of what will and won't happen, it is clear that that PPS will not move and it seems that the company is reverting to hyped up news.
I hope I am wrong... will need to see double digit % sales growth to accept the "strong inroads"....
Cheers...
50% Revenue Increase + 40% Losses Decrease = a company heading in the right direction. Next stop more revenues and profits.
Just need some buy side support. Let's see what the last Q will look like and get out of the pink.
Later and cheers...
Althought they have decent leadership, sales in a crowded and much more advanced market with better pricing will need to have a very creative strategy and approach and I don't see any changes there. Hope will be revived "if" they can revamp their sales approach.
Look up the 10K filed in March of 2012, open up the document, go to page 16 and look at the statement.
You should read the financials before you make a statement like "whden was Santeon profitbale". Go read the 2009 filings (before the merge with UBCI) and then make that bold statment.
To save you time, they were very profitbale.
If the moderators would allow me I am happy to post an analysis of companies that had a strong communication platform that made a difference in their stock exposure and attracting the right long-term investors provided that the company they working with does actually have something of value to communicate. I am not talking about day or multi-day email blast campaigns.
As for the CFO, you should do your homework. He comes from a penny stock company that had several restructuring a couple of times and finally declared bankruptcy with a $150M in and screwed the shareholders. So, let’s not go there and start singing praises just yet. SANT was very profitable well before that CFO joined and before the merge with UBCI according to the filed 2009 financials. The CFO is responsible for on-time filing of the financials; there is no debate about that. As for getting paid in stock, well that is neither positive or negative, that’s just a corporate arrangement and they both hit the books the same. I have seen what the DMOI and UBCI track record of “management” getting paid in stock and the dumping that comes after, so as a shareholder, I would prefer that management gets paid in cash and work on generating more cash to pay themselves rather that at the expense of street shareholders.
Comparing DMOI to SANT is like comparing Apples to Dinosaurs. DMOI was a paper company with an “idea” that lured shareholders. They had no IP (that I could find), no real revenues (that I could find), no clients (that I could find) and no product. They were a paper/shell. You can compare that to SANT with doubling revenues, real products, services and IP and legitimate customers.
My only concern with SANT is that they need to start showing profits this year any form of profit to establish legitimacy. So, we shall find out in a few weeks.
I realize that I am taking a different position that most posts here but that’s a risk that I will take and see what happens by the end of the year. That's my opinion and I wish us all good results.
Would like to see the light at the end but can't get over a company in a growded market with no differentiator and flat sales growth while getting into a deeper hole. Any thoughts?
Not Typical at all and in a good way. These guys were handed a lemon and they are making lemonade. That is a positive indication of strong management. No large clients like the ones they have would hand over business to any company if they did not believe and respect the top management and the offering.
There are 2 types of stocks:
1. The ones that are high and hit rock bottom with no clear indication why they will rebound
2. The ones that are well under-priced but are showing agressive growth which I believe SANT is.
Two actions that need to be taked (IMHO):
1. CFO needs a kick in the pants. There is no reason the filings should be late. Looking at prior posts, the CEO is not responsbile for getting filings done, but rather growing the business which seems to be on track
2. Get some attention to the stock. This company needs to find and engage a ligitimate IR/PR firm. Working in silence is not good for the share price nor exposure, they are doing everything else right.
Best to all....
There is only one way for this stock to go and it's not up. Too many analysis and assessments to list.