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Author Topic: STTC----------> needs TLC -------Or------->News
Dustoff 1
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This stock needs to be purchased so I can sleep at night...Buy it. Howz dat fer a pump job?

Maybe Super-blow-ve-ater can rescue this thing?
However, do not smoke around him!

Some like the chart...

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Dustoff 1
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Ok, nuff nonsense...


Bid .034
Ask .035

Low friday was .029
Close at-------.033

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Dustoff 1
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Not one sale into the bid at .034
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Dustoff 1
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Still at .033
Bid at .034
Ask at .035

No selling, no buying...
0 vol..

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Dustoff 1
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Well, well,
Bid sale 15,000 at .034

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Dustoff 1
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There's .035 10,000 shrs. on the Ask.
Up now 6.06%

Total vol. 25,000 shrs

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Dustoff 1
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IF!!! it takes off?.... Because of lots of buying in past weeks at the mid fours I think we could see atleast .042 before any major selling...

But! that pressure in the two's is still there. But moving up into the 3's on the bid side.

That low, low volume is very interesting..

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Dustoff 1
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If you are new to trading ? Be very careful with this stock, it can turn on ya in a heart beat...
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Dustoff 1
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Nice little pop in volume and PPS
Last .04
Up 21%

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Dustoff 1
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BLAST OFFF--------------> ka---boom!
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Dustoff 1
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Nice flurry, NITE has it in a trap now, boxed in.
Thru ARCA? Open water and full throttle!

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Dustoff 1
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Nite ASK Whacked it to .036
Arca regrouping
Bid at .035

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Dustoff 1
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Watch for UBSS could become a player here at anytime....
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Dustoff 1
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Stalled here, should give folks time to DD this thing fast if ya haven't already...

If your green at the charts ? Take a look at the 5-day then go from there..

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Dustoff 1
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RSI at about 54---->15 minute delay
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Dustoff 1
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AND there is good ole boy UBSS right on schedual..

Now let NITE and UBSS fight it out...Or should I say manipulate it which ever way they please.

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Dustoff 1
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might want to watch this thing wed. 21% move on no news.
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Relentless Despot.
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feel better now?

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Spend word for word with me and I shall make your wit bankrupt

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Dustoff 1
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Ahhhh yaaaaaa, thanks for chart lesson! LOL

I was just standing to close to the tree.!

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Relentless Despot.
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still looking good to continue... indicators are just now starting to show the reversal..

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Spend word for word with me and I shall make your wit bankrupt

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The Bigfoot
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oooh

That looks promising.

Think I might join ya for a day or two dusty. Care for the company?

Bigfoot

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No longer eligible for government service due to lack of tax issues.

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The Bigfoot
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With 150,000,000 shares held in escrow (according the the last 10Q)

That makes the current outstanding common shares around 240,000,000.

This moves rather quickly for having that many shares outstanding!

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Dustoff 1
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Good to see ya Bigfoot, was starting to talk to myself in here! LOL

Might be some dough in this thing after all.

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The Bigfoot
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We will find out tomorrow! [Smile]

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Dustoff 1
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The move on no news could be a factor in folks deciding, ya never know, " Buy on the rumor "...

Haven't heard a thing here....

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The Bigfoot
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yeah...this has the look a a good bottom bouncer which should bring some interest. But you are right, people like the little whispers.

Been lookin through the financials...looks like they are headed in the right direction but have quite a ways to go before they break even.

Sounded like they were wanting to expand their relationship with T-Mobile now that they have expanded offices south. That could be very good.

It's all speculation at the moment but if I can get in at .034 or .035 I'll feel comfortable that I'm near the current bottom.

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No longer eligible for government service due to lack of tax issues.

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Dustoff 1
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Old news....But thats all we got...

These people do not smother folks in fluff.

If interested in this stock? go to the SEC filings...When folks have time? we always should do that anyway...There is enough info in there to atleast get an idea as to the intent of the company..So far I do not think we have a shr. printing machine here..But ya never know..

If your green at trading be very careful with this stock...

I do agree with others that bottom is at hand..Guess we will find out...

If all else fails? I will go bacxk to cussing out NITE again! Atleast it makes a fella feel better!

------------------------------------------------

Softnet Technology Corp.: Key DevelopmentsView: All Developments Earnings Announcements Product Announcements Softnet Technology Corp. Divests Solutions Technology

February 09, 2006 Softnet Technology Corp. announced that it has divested its former wholly owned subsidiary, Solutions Technology. The company was sold for consideration of $100,000. Softnet Technology Corp. Closes The Acquisition Of Inspara Networking Technologies

January 18, 2006 Softnet Technology Corp. announced that it has closed the acquisition of Inspara Networking Technologies, Inc. The Company will issue to Inspara stockholders 49,890,424 shares of unregistered restricted stock. Inspara will conduct all future business under the name of SoftNet Technology. Softnet Technology Corp. Retires to Treasury 100 Million Shares Reducing Total Shares Outstanding by 25%

December 01, 2005 Softnet Technology Corp. announced that the Company has retired 100 million of their outstanding shares. The total shares outstanding have been reduced from 399 million to 299 million, a reduction of just over 25%. Softnet had previously entered into a stock loan program with a European funding group and the shares were issued as collateral. The financing never closed. The shares were returned to the transfer agent on November 29, 2005 and have been cancelled. SoftNet Technology also has another 150 million restricted shares issued in the name of Pini Ben David. These shares are being held in an escrow account at a reputable bank in Switzerland for a potential loan. If this loan does not close shortly, these shares will also be returned to the Company and cancelled. Softnet Technology Corp. Signs Definitive Agreement to Acquire InsPara Networking Technologies And Divests Itself Of WholesaleByUs

November 02, 2005 Softnet Technology Corp. announced that it has entered into a definitive agreement to acquire InsPara Networking Technologies, Inc. while at the same time divesting itself of WholesaleByUs. The Company retired 17.5 million shares from the divestment of WholesaleByUs and used those shares for the acquisition of Inspara. Softnet Technology Corp. Completes Sale of GuestWorx to Seamless Wi-Fi, Inc.

October 20, 2005 Softnet Technology Corp. announced that Seamless Wi-Fi, Inc.'s subsidiary, Seamless Skyy-Fi, Inc., has acquired, from Softnet, GuestWorx, an Internet services company, whose specialty is providing Wi-Fi Solutions for the hospitality industry. Terms of the transaction were not disclosed. Data providers

© 2006 Reuters, Inc..

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The Bigfoot
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Thanks for posting that Dust. Changes my O/S estimate.

With the 100 Mil shares canceled from that loan program and the 150 Mil shares held in escrow that means were looking at around 149 Mil O/S.

I'm starting to understand why this moves.

Foot

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stocktrader22
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Indicators look good...just recently there was RSI crossover at 30...as well as positive MACD, and according to CMF selling pressure is still there but has been uptrending. Keep an eye on this reversal

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Disclaimer: Not accountable for anything I say

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Dustoff 1
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Bigfoot, ya better check the SEC report, I will do the same, we will compare after..Fresh look is a must on the share structure...
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Dustoff 1
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Here's something from another board...
Anything about the S-8's always get my attention..I am posting it verbatum.

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Remember, the S-8 filing that paid for operational expenses will not improve the Income Statement. The expenses still accrued, but were not paid for in cash. So, the cash balance will be improved (balance sheet) and the net cash used in Operating Activities will decrease (cash flow statement)…by paying for the expenses in S-8. But it will NOT affect the Income statement.

I’m assuming at some point; their “Professional Fee’s & Compensation Expenses” will not increase with increasing revenues. The cost of auditing/Sarbanes-Oxley will not substantially increase with increased revenues. And at some point, they will (I hope) stop hiring Executive Management/Consultant (i.e. Tucker McDonaugah) type of employees who don’t directly impact revenue. These Exec’s/Consultants are coming in to help in the expansion of the business. More importantly, they are helping to build the company to run itself at some point. Case in point is the Halsey Group coming in and setting up a standard procedure for all new sales processes. It was a one time upfront fee that will pay off for years to come. Remember, STTC is diligently looking for new acquisition opportunities and when that happens, the new companies acquired will be able to quickly adapt to STTC’s procedures that are now established.

This year could be the time where the company takes all these upfront costs. I don’t have to big of an issue with that AS LONG AS they are communicating their plan to current and potential investors! And since they are currently looking for an IR firm, I imagine they will be doing it soon.

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Dustoff 1
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10QSB: SOFTNET TECHNOLOGY CORP.


By Edgar Online - (EDG = 10Q, 10K)
Last Update: 5/22/2006 2:19:17 PM Data provided by

(EDGAR Online via COMTEX) -- Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations.

Introduction and Forward Looking Statements

This document contains forward-looking statements which may involve known and unknown risks, uncertainties and other factors that may cause SoftNet Technology Corp's ("SoftNet") actual results and performance in future periods to be materially different from any future results or performance suggested by these statements. SoftNet cautions investors not to place undue reliance on forward-looking statements, which speak only to management's expectations on this date.

Certain statements contained herein, constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Such forward-looking statements are identified by words such as "intends", "anticipates", "hopes" and "expects", among others, and include, without limitation, statements regarding the Company's plan of business operations, anticipated revenues, related expenditures, and the results of any business transactions. Factors that could cause actual results to differ materially include, among others, the following: acceptability of the Company's services in the market place, general economic conditions, political and economic conditions in the United States and abroad, and competition.

The following discussion and analysis highlights the financial position and results of operations of SoftNet as of and for the three months ended March 31, 2006 compared to the three months ended March 31, 2005. The business activities of the Company are now that of the two wholly owned subsidiaries: Indigo Technical Services, Inc. and InsPara Networking Technologies, Inc.

The Company anticipates that their sources of liquidity will come from the private sale of the Company's securities to cover the funding of corporate expenses, such as legal and accounting and filing fees, as well as Sarbanes-Oxley compliance.

As disclosed in the Company's 8-K dated January 17, 2006, the Company entered into a certain Plan and Agreement of Reorganization (the Agreement) with Inspara, Inc. (InsPara) pursuant to which InsPara would merge with and into the Company (the Merger). The closing of the Agreement took place on January 18, 2006 and the Merger became effective retroactively to January 1, 2006.

The Merger was accomplished pursuant to the Agreement which was attached to the Company's 8-K dated January 17, 2006 and is incorporated herein by reference. Under the Agreement, the stockholders of InsPara will receive, pro rata, a total of 49,999,998 shares of this Company's Common Stock (the Acquisition Shares). The Acquisition Shares are unregistered shares and will only be free trading upon a filing of a Registration Statement for the Acquisition Shares, or an exemption from the registration thereof. Immediately following the closing of the Merger, Doug Wetzel resigned from the Board of Directors of the Company and Kevin Holt, the Chairman and C.E.O. of InsPara,

was appointed to fill the vacancy created by Mr. Wetzels resignation. Prior to the execution of the Agreement, there were no material relationships between (i) InsPara or any of its affiliates, or any officer or director of InsPara, and

During the three months ended March 31, 2006, the Company sold Solutions Technology, Inc. for $100,000, and also disposed of its German subsidiary SoftNet International, Inc. The resulting gains from disposal are included in the Company's financials for the three months ended March 31, 2006.

Results of Operations

Three Months Ended March 31, 2006 and March 31, 2005

Revenues for the three months ended March 31, 2006 were $1,093,523 as compared to $231,683 for the three months ended March 31, 2005. As mentioned, the Company's acquisition of Inspara and combination of business operations with Indigo Technology Services consulting were the reasons that the Company experienced very fast revenue growth.

Cost of sales for the three months end March 31, 2006 was $733,973 compared to $97,174 for the three months ended March 31, 2005. The increase in cost of sales was manly due to the increased operations of the Company from the acquistion of Inspara.

Operating expenses for the three months ended 2006 were $2,033,602 as compared to $1,877,131 in the first quarter of 2005, an increase of approximately $156,000 due in large part to the decrease in marketing and promotional activity and in corporate expenses for legal and accounting and operating expenditures. However, the operating expense did include a large one time impairment of goodwill of $1,149,510 from the acquisition of Inspara. This will not be recorded going forward and should lead to better profitability of the overall company being reporting in the coming quarters.

Other income (expense) was $(5,552) for the first quarter of 2006 compared to $(5,308) for the first quarter of 2005.

The gross margin of (33%) in the first quarter of 2006 was attributable to the acquisition and operations of Inspara being brought into the overall company. This figure is not being compared to previous years of operations as the operations of the Company are significantly different than previous years. Going forward these margins should remain steady and there is no reason to believe outside competitive pressure would cause a decrease.

Liquidity and Capital Resources

For the three-months ended March 31, 2006, the Company used (2,033,602) in operating activities compared to ($1,877,131) for the three-months ended March 31, 2005. The decrease in cash used in operating activities of approximately $156,000 is most attributable to the decrease in shares of stock being issued for services. The Company has continued to borrow certain amounts from related parties to finance the quickened growth of the new enterprise solutions operations brought in to the company through the acquisition of Inspara. However, the Company would not require any additional capital to simply sustain operations and grow at a slower pace. The Company has made significant progress with respect to future funding. Funding is expected shortly, which will enable the Company to market, and continue to expand operations at a quickened pace. The current funding that is being contemplated would be through a loan from the Current CEO. Terms of this transaction are still being discussed. We anticipate that going forward; we will continue to streamline administrative, and professional fees to conserve cash flow. Once the recognition of increased revenues occurs, certain expenses will increase, but only in accordance with the increase in revenues.

The accompanying financial statements have been prepared assuming the Company will continue as a going concern. The Company has suffered recurring losses from operations and at March 31, 2006 had working capital deficits as noted above. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. However, with the acquisition of Inspara and the combining of all corporate operations, the Company is now in a position to sustain operations without further capital infusion. Additional capital would only be required to increase the pace of growth for the overall company. It is expected in the coming 12 to 18 months that through organic growth and strategically targeted acquisitions that the Company will be able to sustain a very high rate of growth and not require additional capital. However, the Company has chosen a path of a high rate of growth and there for will require additional capital in order to meet these goals at the present time.

May 22, 2006

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Dustoff 1
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This really isn't all that bad a report, for a .035 stock? it looks mighty good to me..High rate of capitol? Thats the burr under the saddle, but if needed leaves some room..Could roll along without it just fine.This is the speculation factor, are these guys competent to High Roll and pull it off.
-------------------------------------------------

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Dustoff 1
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early pre-market
L2'S
Bid .033
Ask .035

NITE on both

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Dustoff 1
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just about to open

ask .036
bid .034

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