{"id":7218,"date":"2015-10-20T14:02:05","date_gmt":"2015-10-20T14:02:05","guid":{"rendered":"\/?p=7218"},"modified":"2015-10-20T14:14:45","modified_gmt":"2015-10-20T14:14:45","slug":"santo-mining-corp-otcmktssanp-kicks-up-dust","status":"publish","type":"post","link":"\/articles\/santo-mining-corp-otcmktssanp-kicks-up-dust\/","title":{"rendered":"Santo Mining Corp (OTCMKTS:SANP) Kicks Up Dust"},"content":{"rendered":"\n<p><img decoding=\"async\" style=\"float: right;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/91\/91701\/sanp_chart.png\" border=\"0\" width=\"450\" \/>After becoming one of the uglier pump job crashes of 2012, Santo Mining Corp (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SANP\">SANP<\/a>) went into deep hybernation for a long while, unable to break free from the chart&#8217;s absolute bottom levels. The trip from over a dollar per share to triple-zeroes is always painful but it seems there are those who are still willing to trade <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SANP\">SANP<\/a> stock, if Friday&#8217;s session was any indication.<\/p>\n<p>On Friday the ticker shifted 213 million shares &ndash; its second largest volume for the past month, and closed 20% in the green, at $0.0006 per share. There is little indication of what could have caused this new swell in interest. The stock got a single drive-by pump email on Sep 17 but that was just a promoter trying to ride the price movement <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SANP\">SANP<\/a> was already charting, rather than a genuine pump.<\/p>\n<p>Admittedly, even if pumpers wanted to get investors excited about <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SANP\">SANP<\/a>, they would have a very hard time doing it. <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SANP\">SANP<\/a> is a Pink No Info stock on OTC Markets, branded with the STOP sign. This is because the company last graced investors with a financial report back in early 2014, a year and a half ago. The numbers contained in that report were a real hair-raiser to boot:<\/p>\n<ul style=\"list-style-type: disc;\">\n<li>$42 thousand in cash<\/li>\n<li>$1.1 million in liabilities<\/li>\n<li>ZERO in revenues<\/li>\n<li>$727 thousand in quarterly net loss<\/li>\n<\/ul>\n<p>Despite the lack of financial reports, the company did inform of a massive increase of authorized shares in mid-2014, going from 450 million to 5 BILLION. It seems like the company has been busy issuing boatloads of shares, as if racing to fill those billions worth of shares to max out the AS. A Schedule 13G dated October 1, 2015 shows 110 million common shares represent 9.08% of the company&#8217;s total outstanding stock. That would mean as of that date <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SANP\">SANP<\/a> had upward of 1.2 billion common shares issued and outstanding.<\/p>\n<p>The company is now allegedly conducting business by selling cigars in China. The website devoted to this venture belongs to Cathay Cigars &ndash; the entity that executed a share exchange with <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SANP\">SANP<\/a> back in April &ndash; sadly has a non-interactive, inoperable Store section.<\/p>\n<p>It&#8217;s hard to tell whether traders are just looking to squeeze a quick buck out of <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SANP\">SANP<\/a> or are genuinely interested in the stock. At any rate, its lack of filings and considerable dilution can serve as red flags for those who like to play it safe.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After becoming one of the uglier pump job crashes of 2012, Santo Mining Corp (OTCMKTS:SANP) went into deep hybernation for a long while, unable to break free from the chart&#8217;s absolute bottom levels. The&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[502],"class_list":["post-7218","post","type-post","status-publish","format-standard","hentry","category-news","tag-sanp"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/7218","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=7218"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/7218\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=7218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=7218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=7218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}