The name of the German company is Holtermann & Team, GmbH. STTC acquired them in July '04, but not much has been said about the company. According to the SoftNet website, STTC is traded on the German stock exchange German WKN#: A0B7RZ.

-Onestroke

According to the SEC filings the CEO has bought over 1M shares since August '04. That is a very bullish sign IMO. He most recently bought shares on DEC 27th. I don't see any other insiders buying shares at the moment. If you are still skeptical about the company and you think the CEO will dump his shares then consider this--there is no way the CEO will be able to dump over 2M shares on the open market with out anyone seeing it. By law all of his transactions must be filed with the SEC anyhow.

-Onestroke

According to Farinella, there is some lag time (30 days or so) before all of the products can be uploaded to the portals. As for the WBUShopping.com website, it is still under construction.

Earnings should be out by the end of the second week of Feb.

We are seeing some very agressive strategical moves by this company. The number of shopping portals has increased much faster than I anticipated (8 total)--not to mention the different EBAY portals in 25 countries. Listing products on Overstock.com IMO is a very good move for STTC. Overstock.com is growing big quickly.

The focus now is to add more products to reach the goal of 100,000 products, but it won't stop there. Once that goal is reached I'm sure Jim Farinella (CEO) will want to double it based on how he operates. By adding pet supplies to the list of products, STTC is tapping into another huge market. I'm looking to see infant/baby care products in the future which is another huge market.

Because this company is moving so fast to expand its operations, I think the earnings will be signifactly larger every quarter through the end of this year. Jim already made this prediction and I think he is right.

We arleady have a good idea of what the earnings are going to look like for 4Q of '04. They just want to see the proof of the pudding by filing the 10K with the SEC.

-Onestroke

In referrence to the SHO list in Post #3899 Steve_robbens wrote: Whenever the "demand for buying" exceeds the "demand for selling" within that naked shorted security, the MM will have a very difficult time in covering by the mandated time frames allocated. Added buying pressure will only compound the dilemma for the MM.

I think we are beginning to see the effects of this situation now with the "added buying pressure", we are looking at a short squeeze.

-Onestroke

Hi All,

I've never bought any shares of GTEL yet. I think I will get in when it drops below .10cents. A few people I've talked to are sitting on the sidelines waiting until GTEL gets closer to the launch date before jumping in. I think that is partly why this stock hasn't moved a great deal.

-Onestroke

Your post brings up a question... I've seen stocks trade for .0001 per share, but can it go any lower than that? Just curious.

The CEO continues to impress me with his agressive attitude to advance his company quickly and efficiently. I was hoping to buy more shares on a dip today, but that didn't happen. I got in anyway. I think we will see a another surge when the earnings are filed in the second week of Feb.

I think this is going to be a phenomenal year for this company. I can't think of a better penny stock that I would rather be in.
So far I have done well +166%.

Going long...

-Onestroke

If GTEL is looking to get on the AMEX and their application is accepted, I'm thinking this stock will do a reverse split to bring the price out of the penny range to attract BIG money. Anyone else agree?

-Onestroke

Froznasset,

I'm not very familiar with the threshold list. I've read that when a security's shares represented in short positions is 10,000 shares or more and 0.5% or greater of the Total Shares Outstanding (TSO) then it goes on the threshold list.

From what I understand, since the threshold security flag has been raised on HPON all short sales must be closed out if the security does not come off the threshold list in the next 5 trading days. Is that correct?

Thanks,
Onestroke

I think that this company deserves a closer look. A lot of things have changed in the past year for this company including some major restructuring, selling off assets, name change, and the purchase of WholesaleByUs.

The thing I like about this company is the management. The CEO talks well of his company, but that is to be expected. However, he doesn't just talk about it. He puts his money where his mouth is. That's a very good sign.

Also, the company voluntarily makes SEC filings on a regular basis. They don't seem to be hiding anything like so many other penny stocks. In fact, on Nov 22. STTC made the following statement:

SoftNet Technology is also in the process of putting in place new procedures that should enable for a much quicker filing of the year-end 10K. The Company will attempt to have the 10K filed by the end of January. STTC Management wants the financial information given to the market as quickly as possible due to the large increase in operating revenue experienced in the fourth quarter. These quicker filings are expected to be the norm for STTC going forward.

Again, it makes investors feel a lot better about their investment when they can actually see the fundamentals behind the company. Based on the fact that STTC has been making regular filings, I am confident that they will file the 10K as announced. I'm sure when it is filed the stock will surge, since many investors are skeptical about penny stocks which I understand perfectly.

I highly recommend watching the interview with the CEO at http://www.moneytv.net

I'm sure you will be getting a lot of questions, but I was wondering if you had a chance to look at the wireless surveillance system. Ever since HPON started selling this item on northerntool.com, I've never heard anything else about it. It looks like a pretty slick setup with a handheld color monitor. Just wondered if you saw it in operation. I was curious about the quality of the picture.

How about using one of HPON's camera phones to take a picture of the booth and post it here! LOL

Whatever feedback you can provide will be appreciated.

Thanks!
Onestroke

I think this is ridiculous. If HPON has any more products to show they need to get them on the table NOW instead of introducing one product at a time. Prospective buyers and distributors may only be at the CES for a day or two--they are not going to come back to see if HPON has another product to showcase on Sunday. I hope this is the last new product they will present at the CES.