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Author Topic: STTC bottom?
BooDog
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with their track record i'm not surprised. Booth stated they should be on time and were with the cpa early last week. Already walkin a thin line imo keeping holt, this won't help much. if the Q matches or exceeds the PR's it should work out.

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All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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Gary59
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Well per my phone call last week he said it was being filed and sent on time ,,,,
Oh well not sure what I am going to do but hold a little longer and see but not going to keep taking a loss..
Would rather get out then jump back when it runs at least I would be able to have more cash to trade something else ..

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Gary59
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Dont know if its worth calling Booth or not ,,
guess we just wait and see for a pr or filing report....

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BooDog
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I left a message with him around lunch time Friday no return call. Here's a new rule for my picks.... they have to get delisted or at least get turned into pinks before they run. lmao. we'll see if that strategy pays off. this one may pick up the E vewy vewy soon.

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All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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tmanfromtexas
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I agree Boo. I have 4 ob stocks that SUCK!!! Waiting on something to happen is like watching paint dry. None of them have filed their 10Q. I dont think that sttc has ever had an e before but I could be wrong. IF it has, its been a long time. TMAN...

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Gary59
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It will probably run Monday because I got out for a small loss because of no return calls and not truthful to me on the phone....
Good luck ....

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BooDog
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http://biz.yahoo.com/e/070521/sttc.ob10qsb.html

no E

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All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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tmanfromtexas
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Just took a quick look at it. getting better. TMAN...

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In the end, trust only yourself when trading stocks.

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BooDog
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[Big Grin] hangin in there.

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All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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IMAKEMONEY
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COULD RUN!! JMO [Big Grin]

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LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!

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IMAKEMONEY
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STTC -- SoftNet Technology Corp.
Class A Com ($0.001)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:

SoftNet Technology Corp. files Form 10QSB, Quarterly Report of Financial Condition

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


Securities and Exchange Commission
Washington, D.C.

FORM 10QSB


(Mark One)

[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2007

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to


000-07693
(Commission file number)

SoftNet Technology Corporation
(Exact name of small business issuer as specified in its charter)

Nevada 74-3035831
(State or other jurisdiction (IRS Employer
of incorporation or organization) Identification No.)

Woodbridge Corporate Plaza
485 Route 1 South, Building C, Suite 350A
Iselin, New Jersey 08830
(Address of principal executive offices) (Zip Code)

(908) 212-1780
(Registrant's telephone number, including area code)
(Address of principal executive offices) (Zip Code)


Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No [ ].

State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date.

Class A 361,943,775 shares of Common Stock, $0.001 par value, as of May 15, 2007; 2,104,000 Class B $0.001 par value as of May 15, 2007.

Transitional Small Business Disclosure Format (check one) Yes [ ] No [X]

Indicate if the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [ ] No [X]


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


PART I. FINANCIAL INFORMATION

Item 1. Financial Statements


SOFTNET TECHNOLOGY CORP. AND SUBSIDIARIES
CONSOLIDATED CONDESNED FINANCIAL STATEMENTS
MARCH 31, 2007 AND 2006


INDEX TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS


Consolidated condensed Balance Sheet as of March 31, 2007 (unaudited)

Consolidated condensed Statements of Operations for the Three Months
Ended March 31, 2007 and 2006 (unaudited)

Consolidated condensed Statements of Cash Flows for the Three Months
Ended March 31, 2007 and 2006 (unaudited)

Notes to Consolidated condensed Financial Statements (unaudited)


2


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


SOFTNET TECHNOLOGY CORP. AND SUBSIDIARIES

CONSOLIDATED CONDENSED BALANCE SHEET

MARCH 31, 2007



ASSETS

Current Assets:


Cash and cash equivalents
$ 11,757

Accounts receivable
374,429

Prepaid Expenses
11,624

Current portion of notes receivable
25,000


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




Total Current Assets
422,910


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




Notes receivable, net of current portion
102,000

Fixed assets, net of depreciation
116,498

Deposits
21,100


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




TOTAL ASSETS
$ 662,508


============


LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

LIABILITIES


Current Liabilities:


Accounts payable and accrued expenses
$ 1,050,836

Due to related parties
280,000

Line of Credit
95,543

Current portion of notes payable
16,333


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




Total Current Liabilities
1,442,712


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




LONG-TERM LIABILITIES


Notes payable, net of current portion
120,156


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




Total Liabilities
1,562,868


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




STOCKHOLDERS' EQUITY (DEFICIT)


Preferred Stock, Series A, $1.00 Par Value; 5,000,000 shares


authorized, 5,000,000 shares issued and outstanding
5,000

Preferred Stock, Series B, $.001 Par Value; 5,000,000 shares


authorized, and 0 shares issued and outstanding
-0-

Common Stock, Class A, $.001 Par Value; 500,000,000


shares authorized, 361,943,775 shares issued and outstanding ,
361,944

Common Stock, Class B, $.001 5,000,000 shares authorized
2,104

and 2,104,000 shares issued and outstanding


Warrants
618,059

Additional paid-in capital
30,035,724

Accumulated other comprehensive income (loss)
65,498

Deficit
(31,988,689)


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




Total Stockholders' Equity (Deficit)
(900,360)


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




TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
$ 662,508


============



The accompanying notes are an integral part of the consolidated condensed financial statements.

3
--------------------------------------------------------------------------------


SOFTNET TECHNOLOGY CORP. AND SUBSIDIARIES

CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS

FOR THE THREE MONTHS ENDED MARCH 31, 2007 AND 2006




2007

2006






OPERATING REVENUES




Revenue
$ 2,084,685

$ 1,093,523






COST OF SALES
1,598,490

733,973


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

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






GROSS PROFIT
486,195

359,550


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

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






OPERATING EXPENSES




Professional fees and compensation expenses
676,805

487,085

Advertising and marketing expenses
14,996

19,013

STTC -- SoftNet Technology Corp.
Class A Com ($0.001)
Search for Dun & Bradstreet reports on this company.

Address:
Woodbridge Corporate Plaza
485 Route 1 South
Building C, Suite 350A
Iselin, NJ 08830
USA


Website: http://www.softnettechnology.com
Phone: (908) 212-1799


Business Description: Not Available

Primary State of Incorporation: Nevada


Country of Incorporation: USA


Officers:
James M. Farinella, President/CEO

CIK: 0000051387

Outstanding Shares: 311,943,775 as of 2007-03-20

Estimated Market Cap: 5.303M as of 2007-05-18 (based on Outstanding Shares as of 2007-03-20)


Current Capital Change:
shs decreased by 1 for 8 split
Ex-Date:
Record Date:
Pay Date: 2002-02-21

Dividends:

Company Notes:
Formerly=International Mercantile Corp. until 2-02
Formerly=T & G2 (Squared) until 8-04
Note=2-14-02 State of Incorporation Missouri changed to Nevada


Class Notes:
Capital Change=shs decreased by 1 for 31 split. Pay-date=7-31-97.
Capital Change=shs decreased by 1 for 7 split. Pay-date=8-11-00
Capital Change=shs decreased by 1 for 11 split. Pay date=07/12/2001.


Transfer Agent:
Registrar and Transfer Co., Cranford, NJ 07016-1010

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LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!

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BooDog
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IMAKE...

the last portion - copied from pinks I assume, is not accurate for the ceo. James Booth is now ceo, couldn't linkup to the site otcbb?? that had the current info. not the best looking fins dats fer sher. they coud have a good uptrend though now that they are done putin things together.

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All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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IMAKEMONEY
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STTC:US
Softnet Technology Corp


Related Company News


Two Former InsPara Officers Plead Guilty in $5.3 Million Fraud
November 17, 2006 08:50 EST -- Two former top executives of InsPara Networking Technologies Inc., a computer technology company based in Cranford, New Jersey, admitted yesterday to defrauding private investors of $5.3 million.

Insider Buying, Selling by Industry for Week Ending Aug. 4
August 7, 2006 12:04 EDT -- Following is a table of the total amount bought and sold by U.S. companies during the week ending Aug. 4 broken down by industry.

Insider Buying and Selling by Company for Week Ending Aug. 4
August 7, 2006 12:02 EDT -- Following is a ranking of the top 30 values of U.S. companies shares bought and sold by corporate executives, directors and officers for the week ending Aug. 4.


Related Press Releases


SoftNet's Small-Medium Business Practice Positioned for National

SoftNet Technology Announces Warrant Expiration

SoftNet Technology Sets Record Month, Reports Q1 Preliminary Res

SoftNet Technology Receives HP Extension, CompUSA TechPro Busine

SoftNet Technology Approaches $10 Million Annual Sales Run Rate

SoftNet Technology Named as Microsoft, CompUSA Announce Deal to

SoftNet Technology Announces Expansion Into Lucrative Metro DC M

SoftNet Technology Secures New Lucrative Agreements With Global,

SoftNet Technology Corporation Receives Prestigious Certificatio

SoftNet Technology Leader Michael Piscopo Recognized, Featured a

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LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!

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IMAKEMONEY
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STTC:US
Softnet Technology Corp
SoftNet's Small-Medium Business Practice Positioned for National


SoftNet's Small-Medium Business Practice Positioned for
National Play
ISELIN, N.J., May 15, 2007 (PRIME NEWSWIRE) -- SoftNet Technology Corp. (OTCBB:STTC) (German WKN:TG6) announced that the Company's SMB team has made significant technological enhancements that will allow for a nationwide roll-out sooner than anticipated.

SoftNet's SMB business, based in Atlanta, Ga., provides a wide array of IT services to small and medium-sized businesses, including customized server configured to the client's needs, monitoring services, security and data protection, data back-up and business continuity plans. The business is most recognized for the RightStart, RightTrack and RightCare Solutions currently offered through a major electronics retailer and on a direct sale basis.

The SMB team has successfully developed; pilot tested and implemented a fully automated activation process. This allows customers to set up a pre-configured server and request activation which is done on a remote basis from the Company's Network Operations Center (NOC) in Georgia.

"This is a significant development for SoftNet. The Company can now offer the RightStart server and solutions to any potential business user anywhere in the U.S. that has Internet access. Additionally, it eliminates the need for costly on site start-up assistance, with savings and efficiency improvements for both the Company and the customer," reported Steve Henry - VP SMB Practice.

Interested parties can learn more about the RightStart HP server and Solutions by accessing the SMB web site at: http://www.softnettechnology.com/tcc/Network_Small_Businessnew05.htm

Please visit our website at http://www.softnettechnology.com for more information. For Investor Relations, please contact James Booth, CEO, at 908-212-1799, option 7.

To stay abreast of what's happening at SoftNet, subscribe for our new monthly newsletter at http://www.softnettechnology.com/tcc/Newsletter.htm .

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.


CONTACT: SoftNet Technology Corporation
Investor Relations
James Booth, CEO
908-212-1799, option 7
http://www.softnettechnology.com

Provider ID: 00119569 -0- May/15/2007 13:31 GMT

Last Updated: May 15, 2007 09:31 EDT

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LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!

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tmanfromtexas
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Everytime I think this POS is gonna move it smacks me up side the head. TMAN...

--------------------
In the end, trust only yourself when trading stocks.

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BooDog
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Remember this one can be a bit tricky Tman. Play by the chart and look for the squeeze. It'll come. imo. http://bigcharts.marketwatch.com/advchart/frames/frames.asp?symb=&time=&freq=



Softnet Technology Corp.
Woodbridge Corporate Plaza
485 Route 1 South
Building C, Suite 350A
Iselin, NJ 08830
United States

Phone: 908-212-1799
Fax: 908-508-0718


James Booth, CEO
SIC Number: 3571
Fiscal Year End: 12-31
Industry: Computers-Hardware
Transfer Agent: Interwest Transfer Company Inc
CIK: 51387





http://www.otcbb.com/asp/tradeact_mml.asp?searchfor=STTC&searchby=i

Market Maker List
STTC SOFTNET TECH CORP Download All Page of 1

May 18, 2007

MPID Market Maker Name MP Quote Status Trade Halt

--------------------------------------------------------------------------------
Total MPID Count: 24
--------------------------------------------------------------------------------

ABLE NATEXIS BLEICHROEDER INC. Active
AUTO AUTOMATED TRADING DESK FINANCIAL SERVICES, LLC Active
BEST BEAR, STEARNS & CO. INC. Active
BSIC BASIC INVESTORS INC. Active
DOMS DOMESTIC SECURITIES, INC. Active
ETRD E*TRADE CAPITAL MARKETS LLC Active
FAGI FAGENSON & CO., INC. Active
FRAN WM. V. FRANKEL & CO., INCORPORATED Active
GARC Garban Corporates Active
GNLN GUNNALLEN FINANCIAL, INC Active
HDSN HUDSON SECURITIES,INC. Active
HILL HILL THOMPSON MAGID & CO., INC. Active
JEFF JEFFERIES & COMPANY, INC. Active
MAXM MAXIM GROUP LLC Active
MERI MERRIMAN CURHAN FORD & CO. Active
NITE KNIGHT EQUITY MARKETS, L.P. Active
PERT PERSHING LLC Active
RBCM RBC DAIN RAUSCHER INC. Active
SALI STERNE, AGEE & LEACH, INC. Active
SBSH CITIGROUP GLOBAL MARKETS INC. Active
SEAB SEABOARD SECURITIES, INC. Active
SSGI SETON SECURITIES GROUP, INC. Active
UBSS UBS Securities LLC (UBSS) Active
VFIN VFINANCE INVESTMENTS, INC Active

--------------------
All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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BooDog
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http://www.otcbbpulse.com/cgi-bin/pulsequote.cgi?symbol=STTC
This shows the picture pretty good.

--------------------
All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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BooDog
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Level IIs don't match what I see in the charts. Today and tomorrow look to be the turnaround point. will it see .01? wild ass guess but i'm hoping to leave some mms in the dust next week. we'll see.

--------------------
All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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tmanfromtexas
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After thinking about this one, I thought about selling out at the opening but sure as I do it will bounce to .10. lol. I will just be ready to buy more at .01 if we get that lucky. TMAN...

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In the end, trust only yourself when trading stocks.

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BooDog
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quote:
Originally posted by tmanfromtexas:
After thinking about this one, I thought about selling out at the opening but sure as I do it will bounce to .10. lol. I will just be ready to buy more at .01 if we get that lucky. TMAN...

My thoughts too. should be about due. not expecting much for most today or tomorrow though.

--------------------
All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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BooDog
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VFIN and NITE will make the call imo.

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All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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*Mag*
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lol they filled only 5,000 for me and bumped the b/a so that's me sitting on the bid; if anyone is tired of holding by all means help me out [Wink]

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^..^

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BooDog
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quote:
Originally posted by *Mag*:
lol they filled only 5,000 for me and bumped the b/a so that's me sitting on the bid; if anyone is tired of holding by all means help me out [Wink]

uhhhhhhhhh


1-2-3 NOT IT!


lmao [Big Grin]

--------------------
All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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*Mag*
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quote:
Originally posted by BooDog:
quote:
Originally posted by *Mag*:
lol they filled only 5,000 for me and bumped the b/a so that's me sitting on the bid; if anyone is tired of holding by all means help me out [Wink]

uhhhhhhhhh


1-2-3 NOT IT!


lmao [Big Grin]

I think I have made up most of the volume today.... thanks for nuttin! [Razz]

--------------------
^..^

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doling2005
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This chart says double or tripple to me

http://stockcharts.com/h-sc/ui?s=sttc

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*Mag*
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been adding fwiw...

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^..^

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BooDog
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SOFTNET TECHNOLOGY CP
Daily Commentary


Our system posted a WAIT today. The previous SELL recommendation was issued on 03.22.2007 (78) days ago, when the stock price was 0.0270. Since then STTC has fallen -60.74% .


Our WAIT tag says all that is to say. Stay at cash or check the other stocks while waiting the next signal. Do not bother with buying or short selling this stock as long as the WAIT tag stays.



[URL=http://american bulls.com/StockPage.asp?CompanyTicker=STTC&MarketTicker=OTC&TYP=S]http://america n bulls.com/StockPage.asp?CompanyTicker=STTC&MarketTicker=OTC&TYP=S [/URL]

 -

undecided. oversold. no decent news. pos. indicators still saying don't buy yet. hmmmmmm. [Big Grin]

--------------------
All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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metball4
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I think this stock is going to make a move this week. I'd get in here..I may be loading up here * this price.
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BooDog
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quote:
Originally posted by metball4:
I think this stock is going to make a move this week. I'd get in here..I may be loading up here * this price.

do your DD met. this needs much better transparency to make a real mark imo. playing for a ta play.

--------------------
All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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metball4
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Yeah maybe your right, I just see this stock going up and down alot..decent stock to trade. I just predit a big upswing * some point this week, for one of those "loop de playn" we saw with ACDW back a few years ago if anyone remembers.
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metball4
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13% gain already...
Posts: 46 | Registered: Apr 2007  |  IP: Logged | Report this post to a Moderator
Rocketmist
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I'm in at 0.012 pure stock chart play, lets see this run to 0.015 and im out.

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Do not trade on my advise, if I have any to give, lol. Up 127% since joined the website.

Posts: 205 | From: New England (MA) | Registered: Jan 2007  |  IP: Logged | Report this post to a Moderator
Rocketmist
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The 10 day chart speaks for itself, its down like 60% for pretty much 0 reason.

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Do not trade on my advise, if I have any to give, lol. Up 127% since joined the website.

Posts: 205 | From: New England (MA) | Registered: Jan 2007  |  IP: Logged | Report this post to a Moderator
BooDog
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keeping the eye on the bouncing ball.

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All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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tmanfromtexas
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Well, the MM's got the .01. Then they got someone for .009. When I first started playing this one way back in the day, i never ever thought I would see it go sub penny. Hmmm. TMAN...

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In the end, trust only yourself when trading stocks.

Posts: 2048 | From: Texas | Registered: Feb 2006  |  IP: Logged | Report this post to a Moderator
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