Santeon Group Inc (SANT)

[eagle_2975]

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.