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Did the wave crash? Are we now onto the phase of stock distribution?
i love penny stocks - no one wants it at .0035 and now everyone wants it at .01 :)
If this Dave guy has been here for 6 years, then his return on capital has been horrendous and he is in no position to claim to be some stock picking guru. 6 years ago, this thing stunk worse than a 3 month old's diaper.
I agree this is a $.03 stock IFFFF the latest quarter's results can be replicated/improved on. @.03 per share, the company would have a market cap of just under $15M. This is where the company could start to be considered for a listing on the NYSE NKT or Nasdaq CM, but it's biggest hurdle will be the stockholder's equity requirement.
http://usequities.nyx.com/mkt-equities-regulation/listed-company-compliance/listing-standards
https://listingcenter.nasdaqomx.com/assets/initialguide.pdf
1:500 reverse split would get the price to ~$3.75 right now. If SANT wants to uplist, which I think they do, they'll need to get a stable stock price of $5. That would only be $.01 a share pre-reverse split. I'd rather have them do it now and get the people who don't believe in the company to sell at low levels. There are many current hurdles to getting an uplisting:
the company doesn't have either the net income, market cap, revenue or shareholder's equity levels to get approved for a listing on a more reputable exchange, on top of the ridiculously low cheap stock price. However, if I were a customer of SANT and liked the company and service, I would be more willing to buy a $3.75 stock than a $.0075 stock as its embarassing to tell people you own a stock trading for 3/4ths of a penny. In the end, the timing of when they do the reverse split is irrelevant as the market cap, sales, earnings and shareholder's equity levels are the more difficult things to fix and hopefully those will be resolved in the next year or two.
How many years has this Dave guy been around? Please be specific. Thanks.
ride the wave? lol
it will not go above a penny today. i guarantee it.
when is Santeon going to do a reverse split? Has management said?
i like the stock - it is fundamentally undervalued but this will NEVER see $.10 and I will tell you why: two ex-employees of SANT own over 100M shares of this thing and they will be selling a lot faster than you can ever come up with buyers - email spam campaigns or not. Save your guys' $20K on email campaigns and put it into the stock...
that sounds like a 5 year old's business model to create a lemonade stand!! hahahahaha
Why don't you back up all your talk as far as who you are and your connections. Until then, you're just a legend in your own mind.
what a nice pump. it provided a bunch of us the opportunity to take some profits - I hope no one got hurt here. But even if someone bought at .008 or .0082, they will make money. Now that its been pumped, it'll get the dumped portion, which already began late today. Gotta love selling shares at 60% higher prices and then re-buying two days later at or below where it was at last week...
looks like they ran out of buying power for now at least.
Thanks, stocknoob - have you followed these guys enough in the past in order to be able to tell how long they keep promoting these for and how long the runs last? No promotion has ever held up on SANT.
Hi StockNoob, Do you mind copy and pasting the contents of the emails, including the disclaimers at the bottom which will explain the compensation received for the promotions?
Thanks!
Who is promoting this thing? Anyone have any links? Thanks.
There are no restrictions on how often a company can do a reverse split. Look at COIN. The fact is if more shares are issued for convertible debt and the shares issued reaches the authorized share total, either they must: 1) do a reverse split or 2)change the articles of incorporation to increased the authorized share count. #1 is much easier to do than #2 is.
Reverse split by year's end:
The Company issued the following shares of common stock subsequent to September 30, 2012:
Between October 1, 2012 and November 14, 2012, the Company issued 19,637,942 common shares at an average price of $0.14 per share. The total number of shares outstanding on November 14, 2012 was 23,804,649.
The Company is authorized to issue 35,992,964 common shares at a par value of $0.01 per share.
DILUTION?? HERE?!?! NO WAY! :) LOL
haha a support bid of 1M shares isn't going to help move the stock price up - it will take volume and actually hitting the ask and raising bids. Though it is nice to see someone else thinks SANT is worth a half a cent or more! haha
well he clearly isnt buying now - get him to start throwing some market orders out there and move this thing! haha
He bought Jason Sunstein's shares? But Jason Sunstein filed a form 13 this spring that showed him as owning over 50M shares.
Jason Sunstein? If it isn't him then the guy couldn't have that many shares if he bought them back in the .05-.10 range.
miggs, the quarterly report was solid. What were/are you expecting? What price would this stock have to go for you to sell either for break-even or whatever reason?
About time they showed a profit! Now we are only about 2 years behind the revenue numbers thrown around during and after the merger...
Was anyone able to participate and view the new ubroadcast technology?
Santeon Debuts New ubroadcast.com Live Streaming Platform in Collaboration With Georgetown University and OneBlue.TV
Press Release: Santeon Group, Inc. – Fri, Oct 26, 2012 12:22 PM EDT
RESTON, VA--(Marketwire - Oct 26, 2012) - Santeon Group, Inc. ( OTCBB : SANT ) announced today it will be debuting its new ubroadcast.com live streaming platform on Saturday, October 27, 2012 at 12:00PM EST as part of an event hosted by Georgetown University's School of Conflict Resolution and OneBlue.TV. The debut of Santeon's new and improved live streaming platform coincides with a simulated exercise, sponsored by Georgetown, that will demonstrate the influence of social media, and specifically video, in shaping political and social interaction in nations with heightened levels of international focus. The simulated exercise will use current international diplomatic challenges as discussion platforms for faculty, staff and students from the Georgetown University School of Conflict Resolution, political think tanks, potential government representatives and the public to participate as representatives of the various constituencies that would be involved in political change. Information about the event can be found at www.iranresolved.com
"We are honored to be able to debut our platform and participate in this event," said Dr. Ash Rofail, Chairman and CEO of Santeon Group, Inc. "We are excited to provide a platform that encourages a social media-based dialogue and will provide some insight into the potential impacts these venues can have," stated Dr. Rofail. "We are even more excited about the re-launch of the new and improved ubroadcast.com platform with its new technology and innovative vision. I am confident that this release is a game-changer in the world of live streaming and specialized content delivery and am looking forward to sharing more about it in the weeks to come. We are committed to launching the new platform before the year-end," concluded Dr. Rofail.
Santeon will be releasing the full features and functionality of the new and improved ubroadcast platform during the fourth quarter 2012 and will make a public announcement at that time. Santeon encourages existing and prospective customers to sign up and express their interest at www.ubroadcast.com where they can get a sneak preview of the new platform.
Disclaimer:
Santeon has no political affiliation, bias or position on the content or discussions that will form the basis of the simulated exercise. Santeon's involvement is limited to being a technology enabler for the exercise.
About Santeon Group, Inc.
Santeon Group, Inc. is a technology company headquartered in Northern Virginia with offices in Reston, VA, Tampa, FL, Cairo, Egypt and Pune, India. Santeon offers products and services in Agile training and transformation, 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.
About OneBlue.TV
Oneblue.tv uses social media to engage citizens in constructive discussions about their perceptions of world events, particularly concerning the Arab and Muslim world. We believe that conversations limited to classrooms, board rooms, diplomatic circles and cable networks need to expand to engage concerned and motivated American and non-American citizens from all walks of life, all over the world. By encouraging young citizens to use these new tools to voice their opinions and ask questions of well informed public figures who shape our understanding of Arab and Muslim societies, oneblue.tv seeks to promote "social media diplomacy" -- the concept of using social media to promote peaceful conflict resolution. While social media allow interconnectivity between peers, they also have immense potential to connect young citizens with those individuals and groups who influence our world views and crucial global matters.
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 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. We do not undertake to update any forward-looking statement, except as required by applicable law. For additional information about Santeon's future 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, whether as a result of new information, future events or otherwise.
Contact:
Investor Relations
Mark Guirgis
Santeon Group, Inc.
703-970-9200, ext. 112
markguirgis@santeon.com
I'm ready! haha
since that product was already on dr. sidky's website, 1)why is santeon releasing it 2) were their enhancements made to the product and 3)how valuable can it be?
I do think that Agile is where this company's future is at, not in ebenefits - the company has showed little to no revenue growth in that area, the company won't put a figure on how big their opp. is in that area and Agile is growing rapidly
TSX-VENTURE EXCHANGE FOR US CITIZENS
Hi does anyone know of any online brokers besides E-Trade (either U.S. based or Canadian based) that allow U.S. citizens to trade Toronto stock exchange venture listed stocks? Any help would be greatly appreciated! TIA!
OT: TSX-VENTURE EXCHANGE FOR US CITIZENS
Hi does anyone know of any online brokers besides E-Trade (either U.S. based or Canadian based) that allow U.S. citizens to trade Toronto stock exchange venture listed stocks? Any help would be greatly appreciated! TIA!
TSX-VENTURE EXCHANGE FOR US CITIZENS
Hi does anyone know of any online brokers besides E-Trade (either U.S. based or Canadian based) that allow U.S. citizens to trade Toronto stock exchange venture listed stocks? Any help would be greatly appreciated! TIA!
pepper, there is no way they are going to be able to buy the shares back and retire them as the company has less than $5k in the bank and is running around breakeven. I wish they would be able to as well but it isn't happening. If it did happen, this would easily surge above a penny on that alone but again it won't be possible for at least a year - and that is if they actually start showing real profits again.
that major problem is creating a major opportunity for those who have money to buy down here imo
as of the 2011 10-K, they old owners had over 100M shares, and this is also somewhat verified by Jason Sunstein's form 13 filing in the spring.
miggs, if you look at a chart on SANT, look at the volume...this thing rarely ever had much volume before may 2012. Then, someone did a paid penny newsletter promotion right before the company had an update conference call. The stock had 12.3M shares traded in one day, which was more than the previous 6 months worth of volume combined! Since then, there has been a seller(s) that has wanted to get out at virtually any price above .003 - and maybe they will sell for less than that. The market cap at .004 is less than $2M - that is outrageously cheap for a company that is producing revenues at ~ a $4M run rate and now at breakeven. The previous management had at least 100 million shares - if they want to sell out, they can pound this thing into the ground for a long, long time. They aren't long term investors and they have no vested interest in seeing the company succeed except for to perhaps sell at a higher price. But who knows what their financial situation is like. Those 100M were held by just 2 people - I am not even counting another 100M+ shares issued for cash and services to unknown (not specified in the SEC filings) parties. Its a supply/demand issue at this point.
i have no position in EKDKQ but I am 99.9% certain that the current equity holders must own at least 50% of the post-bankruptcy stock in order for the net operating losses to be carried forward. They could issue up to 49.9% of the new company's stock to debtholders and try to keep the net operating losses, or the plan could involve no current equity participation and the new company goes entirely to the creditors.
I am not saying how this will play out, just saying how it works.
Tech_Stock_Pro, how many shares of Santeon do you own? Why aren't more of Santeon's customers buying up this dirt cheap stock if the product is so impressive? Are you telling me you are the only one who is smart enough to buy the stock that has used Santeon's services before?
Why aren't friends and family members of SANT buying up the stock to show their support for Ash?
miggs, this is JUST MY OPINION, but I would NOT be shocked if Tech_Pro was in fact Ash Rofail posting. Look at how defensive he gets when something negative about Ash is mentioned. Also note that Ash's last post using his alias was on 4/27 and Tech's alias was created on 5/10. Not proof, but it makes me wonder...
And I don't remember arguing with Penny Plans - sounds like it was before my time on here/invested in SANT.
"Lesson 1":
You were the one raving about their 15% profit margin in 2009. In the latest quarter, it is at -9.7%. What is the point in increasing revenues if they cause you lose money? This one is a matter of opinion and subject to debate, what is not subject to debate is the fact that the operating loss in q1 2012 was greater than the operating loss in q1 2011 - which you were dead wrong about. Ash said they nixed the UBCI busineses because they were low margin businesses that weren't profitable...
"Lesson 2":
YOU ARE DEAD WRONG
Here is from the q1 2012 10-q showing them issuing debt:
Unsecured Loan Agreement due December 2011
In January 2011, a relative of one of the Company’s directors extended to the Company a non-interest bearing loan in the amount of fifty thousand US dollars ($50,000) for a period of twelve months. The purpose of the loan was to provide capital for growth and general operating needs for Santeon, Inc. In lieu of cash interest, the lender accepted one million two hundred fifty thousand (1,250,000) shares of the Company’s common stock, that were valued at $8,250, as compensation for the loan during the fourth quarter of 2011.
As of March 31, 2012 and December 31, 2011, the outstanding balance was $25,000 and $30,000, respectively.
Loan from Officer
In June 2011, an officer of the Company extended a loan to the Company in the amount of twenty two thousand thirty three dollars ($22,033) for a period of one year. The terms of the loan agreement state that the loan will be interest-free for the first year, but if any part of the loan remained unpaid after the one-year anniversary, the unpaid principal would accrue interest monthly based on an annual rate of 12.00%.
As of March 31, 2012 and December 31, 2011, the outstanding balance was $22,033, respectively.
AND HERE IS THEM ISSUING STOCK
Subsequent to December 31, 2010 and through December 31, 2011, the Company’s Board authorized for issuance of common shares for the following reasons:
1.
34,587,302 shares of common stock were issued for cash during the period from January to May 2011 to certain investors for $205,000 in cash.
2.
7,142,813 shares of common stock were issued for the period from July to December 2011 to the Company’s Acting Chief Financial Officer pursuant to a consulting agreement and were valued at $68,119.
3.
2,500,000 shares of common stock were issued in December 2011 to a certain senior employee, but not officer, of the Company pursuant to an employment agreement and were valued at $25,000.
4.
1,250,000 shares of common stock were issued in December 2011 to a certain individual as payment of interest expense in lieu of cash pursuant to a short-term loan agreement between the Company and the lender, which shares are valued at $1,250.
"Lesson 3":
Potential clients/customers may or may not do a background check on the principles of a company and this may or may not include a credit check. However, are you saying that I am wrong that if you pulled Ash's credit report, there wouldn't be a judgment that would show up?? PROVE ME WRONG THERE
WRONG!!! The loss from operations was greater in q1 2012 than in q2 2011!! Either you don't know how to pull up and read an sec filing, or a problem with telling the truth - which is it???
Here it is from page 4 of the most recent SEC filing for those of you who like to see who posts facts and who posts lies.
Loss from operations
March 31, 2012 March 31, 2011
(125,836) (113,682 )
Ash's reputation?!?! lol the guy defaulted on debt and has at least one (that we know of) judgment against him! Anyone who could view his credit report could see he has no reputation.