SOFN - SoftNet Technologies

SoftNet Technology Corp. is a Professional Services company offering professional expertise to enterprise and service provider clients. SoftNet's services are organized in three practice specialties, including Enterprise Infrastructure Services, Application Lifecycle Management and Government Services.

Please visit our website at http://www.softnettechnology.com for more information or for Investor Relations, please contact the company directly at 908-212-1799, Jim Booth, President.

otcbb reporting company
http://www.pinksheets.com/edgar/GetF...lingID=6251410

positive news on a way according to CEO Jim Booth 908-212-1799

explain

88M traded in 2 sessions vs 89M for the last 3 months
in total ~177M traded out of 90M float

.0017 - waiting for an explanation, genious

Posted by: EDWARD STEVENSON Date: Monday, January 12, 2009 8:01:10 PM
In reply to: None Post # of 856

SOFN ~ In a preliminary conversation with Jim Booth, President and CEO of SoftNet Technology Corp, EDWARD STEVENSON gained much insight into the company, as Jim Booth resides as a very professional, yet open-minded individual. He was happy to answer any questions served up, which gave off a very reassuring vibe, being a shareholder that is.

He noted the outstanding share count to rest, as of this very day (01/12/09) at 152,400,000, of which approximately ~20M are restricted, meaning the float is estimated at 132M, as of this very day (01/12/09) as well. With some ~180M worth of volume traded over the period since the release of the 10Q filing, it is safe to say that whoever had been selling since that point in time is either very close to done (considering the enormous volume some sessions back), or otherwise completely out of willpower. The outstanding count has rested at these levels since winter of '08, where sellers helped this thing roll down hill, by which Jim Booth commented on the fact that his company would not be selling shares at this point in time.

In addition, just as EDWARD STEVENSON had promised to do, he inquired about Mr. Holt's relationship to the corporation at the given moment, to which Mr. Booth chuckled before replying: "He has no relations to our company, management, business, etc.,...he is in jail right now"...followed by another hearty chuckle. The other vital piece of information that EDWARD STEVENSON was able to attain was that Mr. Holt's remaining stake in the company is recorded at some 5M restricted shares.

Furthermore as the pleasant conversation went on, Mr. Booth was not hesitant to admit that his shareholders deserved a press release concerning progress that the company had made, goals that the company hopes to achieve, and predictions concerning their bright future. Most importantly, just as he had mentioned the pending news release, he claimed to be of a purposive mind, where he does not believe in issuing press releases if they do not add solid shareholder value to his security.

Remember that this was simply a preliminary conversation, to which, one, if not many more, will follow this week. Among such, Mr. Booth will be kind enough to answer much more specific questions, in much more thorough dialogue.

Posted by: EDWARD STEVENSON Date: Tuesday, January 13, 2009 3:39:29 PM
In reply to: contrarianindicator who wrote msg# 11370 Post # of 11405

SOFN ~ EDWARD STEVENSON spoke with the CEO today yet again, and to his surprise Jim Booth was agitated with the selling that has been occuring in the last few sessions. He reassured EDWARD STEVENSON that his corporation nor insiders directly related to the company, were a part of any of that. He suggested that a naked shorter had made somewhat of a home on his security...

EDWARD STEVENSON questions this idea of shortage upon SOFN...has anyone been watching NITE shift between the bid and ask every now and then, selling some, then quickly adjusting to the bid a few ticks under???

Posted by: TJG Date: Monday, January 19, 2009 8:29:58 AM
In reply to: None Post # of 1109

I have been told we can expect to see some type of a shareholder up date PR this week.

The company will address how the economic conditions have effected the company and the progress they are making on the VAR market and Application Lifecycle Management segment programs and how they effect potential new sources of revenue.

This is a good stock and a good compnay, but you need to put away the WEEEEEEEEEEEEEEEEE's and the "To The Moons", as we will see nice steady gains and a profitable future here. We wont see any of those 300% days so many people look for in OTCBB and OTC stocks. When the economy begins to turn and companys begin to put money back into their IT departments then we can expect to see SOTN begin to really move up.

As a fact of business in times like this the updating and expansion of the IT department is put on hold. This is causing them to fall behind on the technology they need, when their ability to spend money on this is returned, SoftNet will benifit greatly. Good luck everyone.

Wednesday, January 21 2009*3:00 PM, EST SoftNet Technology Selected as Preferred Provider by National Telco GlobeNewswire ***"GlobeNewswire "
ISELIN, N.J., Jan. 21, 2009 (GLOBE NEWSWIRE) -- SoftNet Technology Corp. (OTCBB:SOFN) (German WKN:TG6) announced today it had been selected as a Preferred Provider for a National Wireless Telecommunications provider.

SoftNet management participated in a rigorous RFP process by the company of which the pool of providers was limited to approximately one in four of the organizations seeking status of Preferred Provider by this carrier. The reduction in the number of authorized providers will add value to our relationship with the client and the Company's overall business plan. Prior to the RFP, SoftNet was competing with numerous like firms. With the selection of fewer firms in the RFP process SoftNet will be one of a few select companies submitting against numerous projects and engagements this client relies on from outside Professional Services firms. The selection of SoftNet was based on a number of factors, including the Company's long term standing with the carrier, the reputation for supplying quality candidates for engagements, the competitive pricing structure SoftNet is able to achieve and the attention to the account by SoftNet Management.

"The management team of SoftNet is proud of this selection. It speaks to the focus the Company places on client satisfaction, the quality of work performed and the relationship of managers with their peers at a customer organization. The benefit of this status is that it could result in an increase in engagements for SoftNet in our core businesses, infrastructure and application development through a more efficient, timely and personalized approached to securing engagements. This will allow the Company to showcase and leverage two of our key reputation drivers; the quality of our consultants and recruiting capability" said Jim Booth, President of SoftNet.

SoftNet Technology Corp. is a Professional Services company offering professional expertise to enterprise and service provider clients. SoftNet's services are organized in three practice specialties, including Infrastructure Services, Application Development and Government Services.

Please visit our website at www.softnettechnology.com for more information or for Investor Relations; please contact the company directly at 908-212-1799, Jim Booth, President.

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 Corp. 908-212-1799

Posted by: EDWARD STEVENSON Date: Thursday, January 22, 2009 3:46:54 PM
In reply to: MMSmith who wrote msg# 1637 Post # of 1729

In yet another subsequent conversation with Jim Booth (CEO/President) some 5 minutes ago, EDWARD STEVENSON had attained the answer to the question that everyone was hoping the company would answer later on. When EDWARD STEVENSON asked him about the National Wireless Telecommunications provider. he was quick to reply,

"T-Mobile".
Anyone know that company by chance???

Furthermore, to so delight in fact, Jim Booth was once again speeding off to a meeting, similar to the one that resulted in our latest press release here.

When asked about the selling taking place he did not frown at the idea of short selling, as he committed to the fact that the company is not diluting. He said despite all this volume, the float still remains intact to that of what was mentioned in his very first conversation with EDWARD STEVENSON. Note that this conversation took place nearly a month back.

And lastly he said that as things are moving along fairly well on the company's part, shareholders can expect further transparency and perhaps even an update as to their progress as early as next week.

Once again, he spoke in a very mild, yet intelligent manner, depicted the character that EDWARD STEVENSON enjoys in a CEO/President of a company in which he holds interest.

Posted by: EDWARD STEVENSON Date: Wednesday, January 28, 2009 9:01:00 PM
In reply to: EDWARD STEVENSON who wrote msg# 12712 Post # of 12891

SOFN ~ it had occurred that Jim Booth, CEO/President informed EDWARD STEVENSON concerning the fact that their conversation(s) were recorded and administered to the public after being hosted somewhere on the web. This seems to exist in the best interest of the seller, whether it be a short seller or otherwise. It seems Jim Booth had held true to his word of dilution ceasing to exist. However, as selling is evidently occurring, most apparent when NITE presides upon the ask, Jim Booth had noted that the best he could come up with in an effort to explain the situation would be to claim that convertible debenture holders were responsible for such action. Even more so he noted that there had been some converting activity on the CD holder(s) part(s) as of late, which would care to explain the substantial increase in outstanding share count.

Here the idea of a short seller can be justified with logic. If the short seller, ie. NITE, is a CD holder, the sequence by which this individual conducts him/herself is quite simple. Shorting for a given period of time in an effort to push down the pps, which has been achieved quite easily as one can tell, and then instead of physically covering, this individual would simply administer to converting these CD holding(s) (at a discount to the market price). Through these events, it seems, the outstanding count has grown dramatically over the past month or so. The float on the other hand may remain as abundant as it was some weeks back.

Based on these circumstances (as listed above) EDWARD STEVENSON will omit from conversing with Jim Booth on a regular basis until, that is, circumstances do change. EDWARD STEVENSON is averaged in at a pps well above the current market price, thereby, he will remain a shareholder of this security. On the other hand, EDWARD STEVENSON will cease to support the bid any further. The potential that was well-documented in respect to the company itself and their strive to truly flourish in a depressed market is still very much present. In the recent past EDWARD STEVENSON assisted in helping this security run formidable figures as very fair liquidity was co-currently established. There is no reason as to why that is to not occur once again in the near future. For those very reasons, EDWARD STEVENSON remains.