This is topic STTC----------> needs TLC -------Or------->News in forum Micro Penny Stocks, Penny Stocks $0.10 & Under at Allstocks.com's Bulletin Board.
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...
Posted by Dustoff101 on :
Ok, nuff nonsense...
Bid .034 Ask .035
Low friday was .029 Close at-------.033
Posted by Dustoff101 on :
Not one sale into the bid at .034
Posted by Dustoff101 on :
Still at .033 Bid at .034 Ask at .035
No selling, no buying... 0 vol..
Posted by Dustoff101 on :
Well, well, Bid sale 15,000 at .034
Posted by Dustoff101 on :
There's .035 10,000 shrs. on the Ask. Up now 6.06%
Total vol. 25,000 shrs
Posted by Dustoff101 on :
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..
Posted by Dustoff101 on :
If you are new to trading ? Be very careful with this stock, it can turn on ya in a heart beat...
Posted by Dustoff101 on :
Nice little pop in volume and PPS Last .04 Up 21%
Posted by Dustoff101 on :
BLAST OFFF--------------> ka---boom!
Posted by Dustoff101 on :
Nice flurry, NITE has it in a trap now, boxed in. Thru ARCA? Open water and full throttle!
Posted by Dustoff101 on :
Nite ASK Whacked it to .036 Arca regrouping Bid at .035
Posted by Dustoff101 on :
Watch for UBSS could become a player here at anytime....
Posted by Dustoff101 on :
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..
Posted by Dustoff101 on :
RSI at about 54---->15 minute delay
Posted by Dustoff101 on :
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.
Posted by Dustoff101 on :
might want to watch this thing wed. 21% move on no news.
Posted by Relentless Despot on :
feel better now?
Posted by Dustoff101 on :
Ahhhh yaaaaaa, thanks for chart lesson! LOL
I was just standing to close to the tree.!
Posted by Relentless Despot on :
still looking good to continue... indicators are just now starting to show the reversal..
Posted by The Bigfoot on :
oooh
That looks promising.
Think I might join ya for a day or two dusty. Care for the company?
Bigfoot
Posted by The Bigfoot on :
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!
Posted by Dustoff101 on :
Good to see ya Bigfoot, was starting to talk to myself in here! LOL
Might be some dough in this thing after all.
Posted by The Bigfoot on :
We will find out tomorrow! Posted by Dustoff101 on :
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....
Posted by The Bigfoot on :
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.
Posted by Dustoff101 on :
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!
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
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
Posted by stocktrader22 on :
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
Posted by Dustoff101 on :
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...
Posted by Dustoff101 on :
Here's something from another board... Anything about the S-8's always get my attention..I am posting it verbatum.
------------------------------------------------ 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.
Posted by Dustoff101 on :
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
Posted by Dustoff101 on :
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. -------------------------------------------------
Posted by Dustoff101 on :
early pre-market L2'S Bid .033 Ask .035
NITE on both
Posted by Dustoff101 on :
just about to open
ask .036 bid .034
Posted by Dustoff101 on :
Ask .036 Bid .035 last .035
85,000 traded
Posted by The Bigfoot on :
2/3rds filled. Need one more kick in my direction. Morning Dust.
Posted by Dustoff101 on :
morn'n , ton of action on XKEM, lots of decisions going on over there, I bet...
We will probably sit about here, for awhile, because of it.
Posted by The Bigfoot on :
Wow! You weren't kidding!
A 10 bagger would take a lot of my attention too.
Great for them and alright for me. Less attention means more likely to get filled at my price. Posted by Dustoff101 on :
BF, did ya fill yet?
Posted by The Bigfoot on :
Alright, instead of adding and subtracting which is difficult for this company as they issue shares quite often to secure services I am going to go off their share statement from the last 10Q.
quote: State the number of shares outstanding of each of the issuer's classes of common equity, as of latest practicable date: Class A 392,208,578 shares of Common Stock, $0.001 par value, as of May 19, 2006; 5,000,000 Class B $0.001 par value as of May 19, 2006.
The dates of the 100mil shares cancelation are previous to the dates of this statement from the 10Q so it looks like that is old information that no longer has bearing on the share structure.
Class A common stock 392mil Minus 150mil Class A common shares in escrow
Total Class A common stock 242mil shares. Total Class B common stock 5mil shares.
The Bigfoot
Posted by The Bigfoot on :
Nah, not yet.
Still waiting.
Posted by The Bigfoot on :
Looks like the flurry over at XKEM is starting to slow down.
Posted by The Bigfoot on :
There we go
Now....lets start climbing!
Posted by The Bigfoot on :
oops. down tick. Wrong direction silly heads!
LOL
Posted by Dustoff101 on :
Bigfoot, welcome to STTC
Now you get to see what I've been dealing with...
Still friends? meekly asked......
Posted by Dustoff101 on :
WHOOOOAAAA....What was that! somebody is buying!
Posted by The Bigfoot on :
LOL
Yeah dusty! Still friends.
If it tanks that's my problem...not your fault.
Agreed. There is a lot more inside that volume than my purchases.
Posted by The Bigfoot on :
twiddling my thumbs over here dust. How bout you? Posted by The Bigfoot on :
My last stock did this too. Would go for hours without a trade and then a flurry near EOD.
Made a good 45% for a weeks worth of watching.
Expecting similar activity here.
All bets are placed. The wheel is turned. Wil the roullette ball end on black or red?
My bets on black! Posted by Dustoff101 on :
This is definatly a thumb twiddler...LOL
I generaly hit the point, where I just go ballistic on NITE, cuss the hell at of him, and the dumb stock moves!
Posted by The Bigfoot on :
Looks like if we can break .036 resistance we should be able to see some good movement.
Posted by Dustoff101 on :
UBSS and NITE are always positioning like that.. You can almost time this thing for portional flips like clock work..Gives me something to do when working other stocks..See that one? Wasn't me but thats how it's done.
Posted by Dustoff101 on :
Sold a few at .035 bid in..It isn't alot but I keep gaining xtra shrs for free.
Posted by The Bigfoot on :
Not a bad way to be once you know how the spread works. I don't usually do the small flips like that but I've seen it enough to know it can add up over time.
I want to see some more .034's go through followed by a bid uptick. Get a little proof that folks want in.
Posted by Dustoff101 on :
Typical Nite behaviour, he will sit down there on the bid, then jump up the bid, and give the ask a push to fill a client..But we are not supposed to know that...LOL
Posted by The Bigfoot on :
Ask back up to .035
Looks like all that was just one or two people trying to unload.
Posted by The Bigfoot on :
Getting some good hits on the ask!
Posted by Dustoff101 on :
loooking good here!! check BUGS FAST!
Posted by Dustoff101 on :
BF,looking like all is squared away here on STTC.
Now we wait, for the news...The way it is trading, is the way it has for days..No sweat here for me here anymore...Just about have my small portion flip done...
Posted by Dustoff101 on :
BF, I am in an holding, slowly building more shrs....
Posted by The Bigfoot on :
Sitting and watching. Not worried.
We're in at bottom here. Just need a little nudge.
Posted by The Bigfoot on :
Good close.
We were able to retain our HOD at .035 and we had an increase in volume over yesterday.
See how tomorrow goes.
Posted by The Bigfoot on :
*bump*
Posted by The Bigfoot on :
Nothing traded at all so far. Bid finally upticked to .034/.035
Cheap shares are gone. Once the ask is accepted we begin to grow.
BF
Posted by The Bigfoot on :
First trade of the day.
14,000 shares at 11:21 EST. at ASK .035.
Posted by The Bigfoot on :
Volume starting to come in.
New HOD. .036
Everything on ask so far today.
Posted by The Bigfoot on :
hoo. Sitting still at .034/.036. No one willing to go up. No one willing to sell low.
Very interesting.
Posted by The Bigfoot on :
One weak hand at EOD yesterday brought us down to .033 on bid with fill of 80,000 shares.
Ask still strong.
See if she moves today. Might still be a little early. BF
Posted by Dustoff101 on :
Morn'n Bigfoot, hey us human type's just taste horrible .....We don't stuff well as voodoo dolls either...Will you let me live? meekly.....
Like I said, welcome aboard for the wait..lol
I still think the bugga is going to run! just when? who knows..still in.
Posted by The Bigfoot on :
It looks ripe but I don't think this ones gonna come off the tree till some news comes out.
Gonna drop out for now and find another play but I'll be keeping it on radar and watching for some volume to return.
Have a good one dusty! Do me a favor and send me a PM if you think the push is coming.
Thanks bud,
Bigfoot (p.s. don't be so hard on yourself. You don't taste horrible...kinda like chicken. )
Posted by EverGreen on :
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