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I don't think ebenefitsnetwork is a very large revenue producer, nor is it. IMO, if you are in the stock just for that, you will be very disappointed. The way this company will make money and increase the stock price will be profitable growth in the core consulting and software development operations, IMO.
Ash is in no position to be stating whether any company is overvalued or undervalued. He is a tekky, not a financial analyst.
Tech, simple question:
Was Santeon's loss from operations in 2012 or 2011 greater?
I can help you if you need, but please do try to answer this simple question.
Miggs,
The stock price can be moved very easily by one person or a few people. There were literally 200M of shares out there either held by the previous management (over 100M shares) or issued to clean up the mess left from the previous management and to clean up the balance sheet (combined over another 100M shares) - some of which is Santeon's fault/the new company inherited from the private Santeon. So long as there are 200M shares held by people who have no personal interest in seeing Santeon succeed, the stock isn't going to recover. There are people who are willing to sell stock at .003 - I say let them! The .003 stock price is more a function of a poor capital structure than anything - with ~480M shares outstanding, the market cap is less than $1.5M! The company will be fully SEC filing compliant within a month; an OTCBB shell alone is worth $500K.
The things I look at with Santeon is
1)Their list of customers. They have gotten into the door of some big customers so their product must be pretty good.
2)Management has some very skilled people.
3)They have never issued convertible debt. The remaining debt is small with quite low interest rates.
4)The businesses they are in can be quite profitable.
With this ever be a .25/share with the current share structure? No. Can it be a .03/share stock? Possibly - that's only a $15M market cap.
During 2011, the Company’s Board authorized issuances of common shares as follows:
1.
47,018,735 shares of common stock were physically certificated during 2011 to Santeon, Inc.’s shareholders in connection with the Merger Transaction that occurred in 2010.
2.
34,887,302 shares of common stock were issued for cash to certain investors for $205,000 in cash during the period from January to May 2011. These shares were not physically certificated until after 2011 and are presented as common shares to be issued.
3.
13,738,969 shares of common stock were issued to a former officer of the Company as stock-based compensation for services rendered during 2010.
4.
7,142,813 shares of common stock were issued as stock-based compensation to the Company’s Acting Chief Financial Officer pursuant to a consulting agreement and were valued at $68,119. These shares were not physically certificated until after 2011 and are presented as common shares to be issued.
5.
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 $8,250. These shares were not physically certificated until after 2011 and are presented as common shares to be issued.
6.
2,406,761 shares of common stock were issued to a certain senior employee of the Company as payment of his unpaid compensation pursuant to an employment agreement and were valued at $17,088. These shares were not physically certificated until after 2011 and are presented as common shares to be issued.
7.
3,000,000 shares of common stock were issued to a former employee of the Company as compensation pursuant to an employment agreement and were valued at $15,000.
8.
194,444 shares of common stock were issued to a former employee of the Company as payment of his unpaid compensation pursuant to an employment agreement and were valued at $1,750.
The loss would have actually increased had it not been for a one-time gain on debt settlement:
"The Company had a net loss of $75,297 for the three months ended March 31, 2012, compared to a net loss of $122,640 for the three months ended March 31, 2011. Included in the quarters ended March 31, 2012 and 2011 was a foreign currency transaction gain of $397 and a foreign currency transaction loss of $923, respectively. In addition, included in the net loss for the three months ended March 31, 2012 was a gain on settlement of debt of $56,540."
A few comments...
while it is great that the company showed significant revenue gains in Q1, it is pathetic that the company can't be profitable on a $3M revenue run-rate (based on q1 results) when they made ~$190K on $1.3M in revenues. Also, the fact that debtholders are forgiving debt and essentially taking whatever settlement they can to recover some of their money is not a positive sign about Santeon's financial situation; no one ever takes a partial debt repayment from a financially solid company.
Let's hope the company is able to get back to profitability in q2 or q3; with the low level of A/R on the books, no shares being issued and extremely low levels of cash on the books without issuing more debt, they must be around break-even or else they'd be out of cash and out of business by now. I do like the fact that they aren't issuing shares at these levels and Santeon has never resorted to issuing convertible debt.
The cfo stated on the last conference call that they hoped to be up to date on all filings by the end of September. Today, the company filed the 10-Q for the first quarter of 2012. They need to file the Q2 2012 10-Q in order to be caught up and then file the 3rd quarter 2012 by mid-November to stay current.
next up - results for q1 2012 finally!
HELP PLEASE! POST CH. 11 SHARE STRUCTURE
Hi, can someone please provide to me the final breakdown of how many shares, or what percentage of the WMIH were issued to the original WAMUQ holders, how many were issued to the preferred holders, how many were issued to creditors, etc.? A breakdown either in percentage terms or absolute terms of number of shares out of ~200M, would be greatly appreciated even if all can't be accounted for!
Thanks!
APS sure used to be able to control a stock and make it move. I don't trade pennies that often but man they were good. Now it looks like management change and they've lost their touch. No more good penny stock promoters out there huh?
lol you want to compare the margins of a company that at the time had ~ 13 employees vs. one of the biggest corporations in the world?? If I am a one person consulting company, and I bill out at $300k a year but my expenses, taxes, etc. are only $150K, then my after tax margins are 50 percent!! WOW
Let's see if they can scale this thing.....I am betting they can't at those margins, but IF they can double revenues a few years in a row, without dilution and eak out a small profit while doing it, the stock is very cheap.
You call $190,593 in profits for a year "very profitable"??? lol a decent gas station can make that in a year!!
where are the companies where shareholder value grew due to IR/PR campaigns???
No, I know the Primus story well. It was/is a company with an outdated business model that was laden with too much debt - before Mark Guirgis was Treasurer.
Taking stock that is valued at above market levels is a very big positive! I wish Ash would take all of his salary in stock valued at a penny or anywhere near it, but it will never happen. He is going to make sure he is financially secure if this company goes belly up.
Why don't you post those examples of companies who used IR and PR firms that created shareholder value?? You don't have to ask the moderators' permission. If its considered off-topic or inappropriate, it will get deleted. This isn't school and it doesn't go on your permanent record hahaha
Tech, you need to get your facts straight. The CFO is the most legitimate thing going for SANT right now. Look at his background - the fact that he wants to work for SANT is a gift to us all. They are cleaning up messes from UBCI, but also from Ash. Read the SEC filings. Ash is clearly the technological brains behind this company, but the CFO is making sure this thing stays afloat, gets caught up on the SEC filings and doesn't issue a billion shares in the process. BTW, he has taken his pay largely in stock - wish I could say the same for Ash.
The last thing this company needs to do is hire a legitimate IR/PR firm. Show me one micro cap company where hiring an IR firm caused a dramatic improvement in the stock's price as well as creating more business prospects for the company. Just one, please...
You are right except that the overriding royalty interests that were sold will also be well infront of the secondlien bondholders - they'll not end up getting impaired so in effect they are senior secured.
There are also unsecured creditors like vendors who will be paid possibly in front of the 2nd lien bonds, but no matter what, in front of the preferred and common stock for sure.
With the 2nd lien debt trading at 27 cents on the dollar and the preferreds trading at 1.7 cents on the dollar, I am shocked the common isn't at .10!! What an expensive lottery ticket!!
thanks!!
Has this been confirmed as APS' new pick? TIA!
If its a receivable, then the revenue has already been recognized. With lengthy projects, I am unsure how Santeon handles their billing and revenue recognition. If you are thinking there may be some revenues carrying over into 2012 from projects started in 2011, I am sure there is. I am sure they also collected on a good chunk of those receivables as their customers are generally good credit customers, but you get paid by a government or a fortune 500 company when they want to pay you, not when you need it. Luckily they have what appears to be a competent CFO in there now or else this thing likely would have been a cash flow disaster and either 1)had to issue a bunch of convertible debt, 2)issue hundreds of millions of extra shares or 3)go bankrupt.
Anyone up to date with awesome penny stocks? i found an email in my spam folder from wednesday saying their new pick would be coming on Thursday. Then someone else told me now they just got an email that their new pick is coming soon.
i also saw someone mention that vlnx may have been the aps pick???
Anyone up to date with awesome penny stocks? i found an email in my spam folder from wednesday saying their new pick would be coming on Thursday. Then someone else told me now they just got an email that their new pick is coming soon.
i also saw someone mention that vlnx may have been the aps pick???
2011 10-K is out and its not good. They lost $500K on $2.25M in revenues and had $17K in cash in the bank at the end of the year.
i wish i had known about this thing at $1 because i would have done everything in my power to short it!! i wish i were so fortunate to be short this POS!! IFFFF anyone had shorted this, they'd only be losing money if they shorted at .027 or less - but then again the likelihood of the stock price drop due to shorts is about as likely as Santa Claus being real!
there are no shorts you bafoons. the guys who are spreading this work for a penny stock IR/pump firm. They are there to SELL you on the stock and the grand illusion that someone is shorting this stock. The company clearly doesn't believe it or else they would come out and say so publicly. The fact is the insiders are dumping this thing. This is a pink sheet penny stock with $1m of cash and no revenue. The market cap is $8.8 million dollars which is about $8 million more than it should be worth. You guys keep talking about shorts as you watch the stock hit lower lows with lower highs on the bounces. And there's also a Santa Claus, isn't there???
It has almost a million in the bank and no revenues. Thus its value should be about $1 million. It is still trading at over 6 TIMES that!!
I've never before seen a stock drop 99% and it not be considered oversold (an RSI under 30). This thing could easily drop another 50-75 percent!!
its a scam. no question about it and no one can prove otherwise. any company that doesn't come out in response to a 99% drop in its stock price is clearly involved in the stock drop.
i love how everyone talks about how thin level II is and how its so strong at .02 ----- after being at .10 just a couple of days ago and $1+ that last week lol
its a scam. no question about it and no one can prove otherwise. any company that doesn't come out in response to a 99% drop in its stock price is clearly involved in the stock drop.
i love how everyone talks about how thin level II is and how its so strong at .02 lol
insiders have to be selling - no one else holds enough shares to dump into every rally like this. the fact that the company isn't putting out a pr to explain a 98% stock drop also indicates they are dumping as well. Until something is said by the company to put a bandage on this gushing wound, its going lower. Hello .01s!!
look at how it traded running up to $2: it was the right hand trading to the left hand with no volume. Then they attracted a new batch of buyers because everyone thought surely if it was at $1.96 then .10, .05, .03 etc. must be a steal. The company is phantom. If they can sell 300 million shares at .05, or .10, or even .01, its all profits for them and its way overvalued.
cloud computing is the future. but a pink sheet company with no revenues and $900k isn't going to put out things that we'll use. HP, IBM, ORCL, MSFT and CRM will: companies with billions of dollars in revenues and cash. They will crush any feeble attempt by a .03 pink sheet company to launch any product.
what about the chart says otherwise??
clearly this thing isn't done tanking if people are pumping it talking about $1/short squeezes, company action, etc...
how many pink sheet stocks have blamed shorting for a tank job in their stock price? the fact is there are 300m+ shares and any one of the insiders or exinsiders could be selling.
did they say WHEN they would have something done?
coming??? it hasn't already started??? there were over 55 posts today!
How is it hitting your radar? Is some penny group/newsletter pumping this again??
Kronos is huge in the space. While SaaShr is only a subsidiary of Kronos, its a nice win.
Wait 200k-300k tests at $3500 each (I'm sure Medicare would negotiate a reduced price)??
What's the market size for this product? How will they monetize it? They don't have the resources to cash in on it themselves. Sure does seem like a lot of potential for ~$11M market cap company though.
So you are saying that the customers that they have listed on their website do not in fact use Santeon's services?
The whole thing is a scam or are you just saying that the company hasn't met expectations and we shouldn't believe them? Please clarify. TIA.
I think it is the ex-insiders like Jason Sunstein who are unloading. I don't mean to single him out, but he is the only name that comes to mind - I know there are several others who own 25-50M shares. I expect their selling to continue and the stock may go back to .01 or less. But the company has filed their 2010 10-k - the hard one!!! and the 2011 and 2012 reports are on the way. The filing of the 10-k, even though the results were awful, was a big sign that management wasn't full of it and is serious about getting this back on the otcbb.
You're right, they are such a fraud with 47 employees and 70 top-notch customers on their website.
They issued about 135M shares over the past 2 years post-merger. The weighted average price was .008 or so worth about $1M. I don't like them issuing shares at such low prices, but at least they didn't do convertible debt financing - if they do, I am out - that is the sign a company is in serious trouble.