I'll try to explain it the best that I can.
1. Solvis was owned by AMS Outsourcing(one part of it). Bonar(STTN CEO) and his son and Owen Naccarado own AMS. It is a private company.
2. Solvis was bought by STTN to bring in more clients/$$
3. Bonar was issued shares as part of a marketing agreement. He brought all these clients to STTN the past 2 or so years.
4. Aside from the shares issued to Bonar and Naccarado (around 25million shares), STTN hasnt sold a share in years. I called the Transfer Agent and confirmed 49million and change shares still outstanding.
5. Durring the summer of 2011 they sought out financing with La Jolla Cove. La Jolla still hasnt gotten a single share.
6. STTN is growing revenues every Q, but the last 2 quarters the spending went up due to adding employees and such.
7. Last Q report had a tax penelty of 600k or something close to that. They are working on that now I believe. I had thought they paid it but I was mistaken.
8. Everything about this company can be found in financial reports. They are fully reporting and dont hide anything.
9. As far as them selling shares i'm not sure where u got that. That is a mistake sir.
10. Assets are 6,403,619 and liabilities are 8,384,307 as of the last Q report. Not sure what else you are looking at?
GL man, Make sure you read all the filings and not trust what people say on message boards. I read everything people say and double check myself then go forward. Pretty simple.
