Santeon Group Inc (SANT)

[eagle_2975]

"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