quote:Originally posted by maumee river rat: YOOO HOOO!!!
You all maken any money over here??
Good Mornin !! bye the way
Little by little....
WAS chasin a wabbit! dagone rat chased it away! Lookin for another one...
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
There was a bullish flag formed from 1:30pm est to the close, so tomorrow could be a good day, as soon as the flag is broken out of anyways IMO.
Formed today was the third white candlestick in a row as well.
-------------------- Buy Low. Sell High. Posts: 10750 | From: The Land Of The Giants | Registered: Feb 2005
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posted
Put this up on the under .10 board, I know some of you don't go there often, so I thought I would share some of the DD I did tonight...
Went a little DD crazy here, thought I would share...
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I like the latest news...
STTC -- SoftNet Technology Corp. Class A Com ($0.001)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Several Upper Level Management of SoftNet Technology Corp. Including the CEO, President and Director of Sales, Purchase STTC Shares in Open Market
CRANFORD, N.J., Aug 8, 2006 (PRIMEZONE via COMTEX) -- SoftNet Technology Corp. (OTCBB:STTC) (German WK:A0B7RZ) is pleased to announce that as many as 4 upper level managers, officers and Board of Director members purchased shares of SoftNet Technology Corp. in the open market Monday August 7, 2006. CEO of SoftNet, James M. Farinella, invested $100,000 directly into SoftNet at $.067 purchasing 1,492,537 shares. The CEO invested directly into the Company to support and accelerate the organic growth of SoftNet. Kevin Holt, President of SoftNet bought shares in the market from $.065 to as high as $.0673.
Several of the individuals who purchased shares pointed out that every regional operation of SoftNet showed growth in the second quarter and noted the expansion of business operations to new areas of the United States and internationally. In addition, SoftNet's Small/Medium size business offerings are gaining traction in an untouched market segment and the Company's flexible approach to the Enterprise consulting business is bringing SoftNet a high customer satisfaction rating.
Mr. Kevin Holt, President of SoftNet Technology stated, "We have developed a culture of teamwork and empowerment at SoftNet in which all our people participate in the business building process and are rewarded for their initiatives. With this kind of method and spirit, there is no limit as to how far we can grow together."
Mr. James M. Farinella, CEO of SoftNet Technology stated, "I am so very excited to see the new management team expressing their confidence in the future of this Company by purchasing shares of STTC in the open market."
Please visit our website at www.softnettechnology.com for more information or for Investor Relations, please contact the company directly at 866-898-4842 (local 908-204-9911) James M. Farinella, CEO.
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made on behalf of the company. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by SoftNet Technology Corp (STTC) may differ materially from these statements due to a number of factors. STTC assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. You should independently investigate and fully understand all risks before making investment decisions.
As shown in the accompanying condensed consolidated financial statements the Company has incurred significant recurring losses of $1,172,216 and $1,847,424 for the three months ended March 31, 2006 and 2005, and has a working capital deficiency of $1,334,493 as of March 31, 2006. The Company in January 2006 acquired InsPara, and the full impact of this acquisition will impact operations later on this year. There is no guarantee that the Company will be able to raise enough capital or generate revenues to sustain its operations. These conditions raise substantial doubt about the Company’s ability to continue as a going concern for a reasonable period
Even with those points brought up, I still like the stock. The CEO owns over 24mil shares now. That's a pretty heavy interest. Plus, he was paid in $400k in stock in lieu of a salary not too long ago. To me, that says that he believes in the company, and he feels this stock is going up. My guess is that the next 10Q which should be out soon(?) will be much better(?)
Peaser mentioned the 3 year chart, and I agree, look at late september 2004, looks very similar to the current chart pattern forming, pay special attention to the curl upward the 50 day moving average is forming...look familiar?
Feel free to discuss. My apologies if this is old news. Enjoy! Hope it helps!
Posts: 2741 | From: Seattle | Registered: Feb 2005
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