Santeon Group Inc (SANT)

[eagle_2975]

Who is the "they" that shorted against the preferred and common?

The short interest on 12/31/2013 was exactly ZERO shares sold short. There is no short squeeze coming because no one is short!

Also, any value of the shell just went up in flames when they filed the form 15. A pink sheet shell is worth about as much as a couple of rolls of toilet paper.

However, Santeon is far more than a shell. It is a legitimate solid small business with 80+ employees, doing over $5M a year in revenues and a pretty solid balance sheet; they will have over $500K in cash as of 12/31/2013. The problem is, Ash Rofail has run this thing into the ground by paying himself $250-350K a year in salary+bonuses. And, ex-employees of the company that either were fired or quit the company now own far more stock than the current management and employees own. The board of directors is chaired by the guy sucking all the blood out of the company, his mentor, and a guy who works for a company Santeon retained at one time to do IR services for us.