Santo Mining Corporation (PK) (SANP) Share Price

The pr/8-K must have come out around noon, judging by all the enthusiasm the stock garnered with the $.0001 trades. People are ever so hopeful. Or gullible.

Here's a real yawner of a press release.

Groovy Company Corporate Update: OTC Markets Status and Next Steps

Atlanta, GA-January 8, 2025- Groovy Company, Inc., formally known as Santo Mining Corp., (USOTC:SANP) a pioneering technology company revolutionizing the cannabis industry with its centralized blockchain-based authentication and traceability platform, today announced an update on its corporate activities. The Company confirmed it has successfully achieved U.S. Reporting Company status on the OTC Markets, a significant milestone.

Achieving U.S. Reporting Company status fulfills a critical requirement for enhanced transparency and regulatory compliance. This status requires full public disclosure and financial reporting, aligning Groovy with the highest standards of financial accountability. This milestone underscores the Company’s dedication to transparency and collaboration with shareholders, regulators, and the broader investor community.

Having achieved this status, Groovy is now focused on the next step in its development: filing Form 211 with FINRA (Financial Industry Regulatory Authority) in conjunction with a Broker-Dealer. This filing process is essential for the Company’s securities to be quoted on the USOTC Markets, moving beyond the Expert Market. Groovy anticipates the Form 211 process may take between two to four months.

“This is an important next step for Groovy,” stated Frank Yglesias, CEO of Groovy Company, Inc. “We understand the scrutiny involved in operating within the public domain, and we are fully committed to complying with all regulations. We are confident that the Form 211 process will be successful and lead to Groovy’s entry into the US OTC market., as we set our goals to becoming OTCQB, by no later than Q3-2025”

Groovy is dedicated to building a secure, transparent, and efficient cannabis ecosystem. The Company’s innovative NFT-QR tag authentication and traceability platform, powered by Groovy’s centralized blockchain technology, empowers growers, manufacturers, retailers, and consumers alike. For more information, visit https://groovy.click or https://wiki.groovy.click

ABOUT GROOVY

Groovy Company, Formally known as Santo Mining Corp. is a technology company revolutionizing the cannabis industry, using its proprietary centralized Hyperledger Fabric layer-1 blockchain as our foundation, for authentication, traceability, and secure ecosystem for the entire supply chain. At the core of our platform are Groovy QR-NFTs-unique, tamper-proof identifiers embedded in cannabis products. These QR-NFTs, based on customized smart contracts to provide instant, verifiable product authenticity, combating counterfeiting and enhancing consumer trust. This includes a complete product history, from seed to sale, stored immutably on the blockchain for full transparency.

Our innovative reward mechanism, the Groovy Rewards program, incentivizes consumer engagement. Users earn GROOVY tokens for authenticating products via the QR-NFTs, leaving reviews, and participating in the vibrant Groovy community. These tokens can be redeemed for exclusive discounts, access to premium content, and other valuable rewards, fostering loyalty and incentivizing brand adoption. We also offer a dedicated Geno Library, a specialized section of the platform for Geno IP owners. The Geno Library allows breeders to register their unique cannabis strains and automatically receive royalties from all sales of Groovy-verified products that utilize their registered genetics. This directly incentivizes the development of high-quality, unique strains, fostering a more sustainable, collaborative, and transparent ecosystem for all members of the cannabis community. Groovy is dedicated to building an industry that is truly transparent, traceable, and fair.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This document may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect management’s current expectations, assumptions, and projections about future events or financial performance and are not guarantees of future results. Forward-looking statements are inherently subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Statements containing words like “believe,” “anticipate,” “endeavor,” “estimate,” “expect,” “project,” “intend,” or similar expressions identify these forward-looking statements. Specifically, statements regarding future growth, market adoption of Groovy’s platform, regulatory developments, technological advancements, and financial performance in the cannabis and cryptocurrency industries are subject to these risks and uncertainties.

Factors that could cause actual results to differ materially from those currently anticipated include, but are not limited to: the risks associated with the evolving cannabis market, including but not limited to regulatory uncertainties and changes in laws and regulations; competitive pressures within the cannabis sector; technological disruptions impacting operational efficiency; fluctuations in market demand; variations in product pricing; the ability to effectively penetrate new markets; and the potential financial or reputational impacts from legal, administrative, or regulatory developments. Further, risks relating to the volatile nature of the cryptocurrency market, potential security breaches, fluctuations in token values, and changes in investor sentiment are relevant considerations. These factors, as well as risks relating to the general economy, market volatility, and competitive activity, are further detailed within the “Risk Factors” section of this document.

The Company does not undertake any obligation to update or revise any forward-looking statements contained in this document, whether as a result of new information, future events, or otherwise. Investors should carefully consider these factors and the risks discussed throughout this report before making any investment decisions. This statement is made for purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Further, investors should independently research and evaluate the potential risks and rewards of investing in the Company and the cannabis and cryptocurrency sectors.

Additional information can be found on our websites http://groovy.click, https://wiki.groovy.click or follow us on Twitter https://x.com/groovyclick

For more information, press only:

Phone number: (404) 734-3277

Email: info@groovy.click

Frank Yglesias

Groovy Company, Inc,

Fka: Santo Mining Corp.,

The last time I was in a RS announced stock, went to EM. Then became pink currunt after a while, as soon as the CEO announced Cancellation of the RS, the stock ran 1000+%.

Yes, I knoew, the easy way and only shareholders get damaged.
If a company does a RS, To succed must have proven, continuus and veryfiable revenues and clientele. Otherwise it'll be ....

Yes, me too since prior to the Container's day and before Vietnam.

The reason why the R/S route is taken by companies is for the reason that it IS the easiest. And because only shareholders are hurt by them. The company continues on with no effect whatsoever. I've followed one ticker that did 6 R/Ss over just the past decade.

I'm surprised it took Frank this long to do one. He hasn't succeeded in accomplishing one thing in the OTC. I've followed him since his days with CAGR, 15 years ago. That's a long time to be constantly failing at something. But has he suffered? Nope.

Yeah, there must be some other routes to redesign financials, rearrange and take other than the easy way of the RS. Which will kill the stock, unless you have tons of existing tangable proven revenues, and already have stablished Clientelle and contracts and more pouring in.

I would really like SANP to secceed!

Honestly, It wouldv'e been way more attractive to bring in new blood and younger crouds with a modern looking website and logo, vs, the 1069 VW Van with psycadelic colors painted with curtains that people lived in it and the same theme of a Radio.
I think those days are good memories, and far gone, not attractive anymore to draw new blood, and some of those people have passed away, bless their souls.
I don't know if new blood will dig that, I don't. JMO.
I love the music though.

Not that these will make the stock run with the RS. Just a more advanced / attractive look will attract more shareholders.

I have no idea what any of those would do, could do, or if done would solve the particular problems with the financial condition of the company. You might want to ask Frank about these "options".

Well, options are there if he's willing to exercise them.
Amendtment.
Addendum.
Revission
Modification.
Alteration.
Improvement.

Lfg rocket 🚀 

Frank has explained the need for a R/S. Playing a numbers game with the share structure isn't going to address the debt problems Frank has gotten the company into. You should read the 10-12G/A he submitted carefully.

Where is $GROO with his wisdom?

If by a change of heart or mind, there was an announcement of a no RS, people would be buying SANP shares like hot bread right now, and the share price will rise pretty significantly high right away on anticipation of future developements, even if there were non right now and no revenue for the moment.

But with the ugliest, detrimental RS looking at our faces, people are afraid / lost trust and won't be buying and wasting their money after they've suffered so much financially.

Imagine, if people aren't buying shares now at .0001, why will they buy it at .25 a share after the RS?
They know that shares are going to fall/dive drastically right after the RS.

A good remedy would be; IMHO.
Cancellation of RS, and an announecement of retiring some shares will drive this stock upwards like crazy. SANP will do way better without the RS. Plus, will gain trust and confidence back.

The company then can come up with ways to maneuver around and reach the same goals in different transactions/executions to satisfy their achievement without performing the RS.

There were many stocks that ran from .000's / sub penniy to a few dollars without RS.

11M more shares dumped out of accounts, as shareholders give up any hope of Frank coming through with producing anything of value in this company.

Still needs a source of revenue. Who's going to want a stock that hasn't got any revenue?

Oh, I know. But it was never mentioned as being abandoned. Like all good news these OTC CEOs put out, there's never a follow up in a pr stating it's been abandoned. It's just left to hang out there until shareholders forget all about it.

Pink current finally. Still need a bid.

lol that shits dead bruh

How about an update on this news, Frank?

Santo Blockchain Labs Wins 3 Year Digital Contract
Press Release | 02/27/2023
Santo Mining Corp., d.b.a. Santo Blockchain Labs (OTC PINK:SANP) today announces, that the Company has been awarded a 3 year digital contract to develop and maintain the CHIMBA Blockchain ecosystem. The proposal was done via a DAO "decentralized autonomous organization" system, winning by 72% of the voting, the estimated value is around $2,000,000USD. The details of the proposal can be found in this link: https://explorer.chimba.ooo/proposals/1

Being Current Info is merely paperwork.

Producing a product that produces revenue is a wee bit harder. Frank hasn't ever managed to do that in over a decade in the OTC.

What's amusing is when people try and persuade others that this time will be different.

I find it amusing that being current is such a challenge and apparently major accomplishment when there is nothing to report.  It took us forever to put a zero in the revenue column, but we got it done.  

You're lucky you weren't here early, early was 10 years ago. At times it was tough. Time heals all wounds
Early for $GROO, not for $SANP

Lucky to be here early

Hey #Groovy Cats, we are a US Reporting Company $SANP have a $GROO weekend✌️OTCMarkets PINK CURRENT

https://x.com/groovyclick

https://x.com/groovyclick/status/1875342669767176488

Here's some current reporting for you,.

SANP hasn't reported any revenue to date. Without revenue, being Current Info means nothing.

Everything coming together 

Still won’t be able to trade it. Derp

So far you did what you said, when do you think the r/s will happen?

US Reporting Current.

Nope

I hope you live in a warm climate.

TSX, OTC B, same ole stuff, looks like I will remain poor and on the streets for another decade

Well, here we are in a new year. Same as the old year.

Still expert market. Well done Frank.

Money about to be made here

Groovy FM 4.20 Radio.

LOL! You're KILLING me, Frank.

What a dufus.

Maybe not. What's your next prediction?

Filling the Form-10 is huge news, in 60days they will be trading

No. The A/S has no bearing on the sp being adjusted to $.25 as a result of the R/S. It goes to $.25 regardless of whether it remains at 20B or is reduced.

If he were to leave the A/S @ 20B, the share price would remain @ $0.000001.

You know you're hard-pressed to find something good to say about a CEO when not leaving the A/S at 20B is all there is.

I don't know what you mean by "At least the sp couldn't go down"

Yes, you are right there, we have been unable to even trade this stock for far too long. Investors are a finicky bunch, especially in the OTC, They don't like being caged. When this stock, whatever symbol, starts trading again, many will want out. Maybe the TXSE will be different.

Unlike most OTC stocks, at least Frank did reduce the A/S. Most OTC CEO's would have just R/Sed the O/S and just left the A/S as is. Frank would have had 18.4B shares to recycle. At least the sp couldn't go down

The only thing that matters is the sp at which you're profitable. History tells me that after the R/S the sp will sink from $.25, regardless of what the A/S is.

We'll see I'm right soon enough.

At a ratio of 1:2500, the A/S would be 8M. By only reducing the A/S to 100M, Frank can sell 92M more shares, which is the whole point of doing the R/S. Putting out the carrot that he could reduce it a "little bit lower" is disingenuous. He would still have plenty of shares to sell and dilute the stock.

Every share reduction in the A/S, increases my share of ownership in #GROO. Right now the effective rate after the R/S will be 1:12.5. Everybody hid behind the 2500 to 1 R/S of the O/S, not taking into account the 200 to 1 reduction of the A/S, saying the world was ending. Things are coming together.

I did notice one thing Frank said, He said "We are going to reduce the A/S to 100 M, OR MAYBE EVEN A LITTLE BIT LOWER".💯

You didn't miss anything. I skipped through it in less than 5 minutes. Just more jibber-jabber about how wonderful things are in La La Land.

I couldn't listen to that, I guess I'll wait for the filings to show revenue and miss the bottom.

Name one thing that was great about it.

Great meeting
https://x.com/groovyclick/status/1874181173188133357

Yes, saying could be off expert mkt by Fri, lets see