Not sure this is a typical penny stock. It appears this is a real company that wanted to go public (Santeon's expertise is in the right markets), but took over a penny company loaded with baggage.
Question is will this action sink Santeon or not? Surviving on cash flow is more indicative of a real company than selling stock to fund operations.
Looking for the financial report, the good, the bad, the ugly. Time and money are a wasting.