Santeon Group Inc (SANT)

[eagle_2975]

The EBN business was less than 15% of the company's revnues so that isn't enough reason to stop filing. SANT's spending with regards to expenses of being a publicly traded company have made no sense to me. They spent hundreds of thousands of dollars (between legal, audit and man hours) to get this back to a fully reporting company, then paid FTI consulting for a "strategic communications program" which was a complete failure, then they hire KCSA, which was again a complete failure, and then after all of that, when the company is sitting on its highest cash balance ever, they decide to stop filing with the SEC.

You'll never be able to get rid of Ash unless you buy the company because:
1)he is the founder
2)he is the CEO
3)he is the chairman of the board
4)he hand picked the board

I agree with you 100% that he is just in it for the salary. If he truly believed in the company, he would have bought more equity in SANT rather than pick it apart for its assets for his personal benefit. But unless you are willing to spend ~$100K to launch a proxy fight to remove him, he isn't leaving. It's a damned shame because the core consulting business is a solid company.