TRNT revoked:

http://www.sec.gov/litigation/admin/2013/34-69705.pdf

I feel the same way. One of my biggest disappointments though. Had all the necessary ingredients for a huge move if they became current again. Let's see if we can get our losses back somewhere else :)

My money, my decision to play.... actually wrote it off a long time ago but was hoping for a Disney ending lol.

Have a great day!

Sorry :(

DrAtZ!!!!!!!!!!!

Thanks Renee. Bummer, was afraid of that :(

TRNT: SEC Suspension:

http://www.sec.gov/litigation/suspensions/2013/34-69581.pdf

Order:

http://www.sec.gov/litigation/suspensions/2013/34-69581-o.pdf

Admin Proceeding:

http://www.sec.gov/litigation/admin/2013/34-69582.pdf

Wouldn't take much with this share structure. A/S still only 15 million with no preferred. TRNT market cap less than $16,000 at .0032

"Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of May 13, 2011: 4,823,304."

"Capital Stock - Common, $.01 Par Value, Authorized 15,000,000 Shares; Issued 7,408,524 at March 31, 2011 and June 30, 2010 [of which 2,585,220 are in Treasury at March 31, 2011 and June 30, 2010]"

Still sitting on my shares too.... have to blow the dust off of them every once in a while though.

Like you said before - either they file or a group pumps them and our money is made.

Good Luck!

I'm not selling. At .07 maybe

True that.... still someone raised the bid to .007 again... hmm

TRNT - Interesting... From Lead411. Still doesn't help unless they file again

TransNet Corporation
http://www.transnet.com
45 Columbia Road
Somerville, NJ USA 08876
Phone: 908-253-0500

Last Updated: 10-15-12

TransNet Salary Information

TransNet Salary (average): 48000
Finacial Analyst Salary (average): 48000

COMPANY VITALS
Number of Employees: 100 - 249
Yearly Revenues: 20MM - 50MM
Available Jobs (As Listed on Company Website): 2

Would be a nice surprise if they started SEC filings again. Don't expect much unless they do. Unless somebody frontloads and promos it :)

This puppy been sleeping forever!

Wake up little puppy

Who's bidding for $750 of this sleeper?

From linkedin

Type: Public Company
Company Size: 51-200 employees
Website: http://transnet.com
Industry: Staffing and Recruiting
Founded: 1969
TransNet Corporation is a premier staffing organization known for the high level of personal service given to our clients. Our qualified staff of account representatives and recruiters are dedicated to working with clients to become familiar with their individualized staffing needs, and then screening candidates to select the right people for their positions. Our flexibility and skill is evident in the broad range of temporary and permanent positions filled - from accounting to IT to manufacturing to engineering, from basic to specialized skills. Our clients include diverse industries and smaller companies to Fortune 500 firms. We earned our reputation for excellent service when we began outsourcing and staffing services over 25 years ago, and our high standards continue. While many of our clients are located in the greater New York metropolitan area, our staff also fills client staffing needs nationally and internationally.

Specialties

Temporary staffing, Temporary to Permanent placement, Permanent placements, Flexibility

Like this one

TRNT - Let's play a "what if" game here. They made a mistake branching off into hardware sales. They divested themselves of that last summer. They've become delinquent with the SEC, not filing since a 10q last May. But in that 10q they showed revenue of "Services 1,253,580," the business they are still in. That was for 3 months, so say they did $3 million for the year. In the NT 10q filed last month they stated this:

"The Corporation will report a small profit for the quarter and six-month period ended December 31, 2011."

So what if they resume filing with the SEC and show a return to profitability?

The last reported share structure is excellent for this price range.
"Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of May 13, 2011: 4,823,304
Capital Stock - Common, $.01 Par Value, Authorized 15,000,000 Shares; Issued 7,408,524 at March 31, 2011 and June 30, 2010 [of which 2,585,220 are in Treasury at March 31, 2011 and June 30, 2010]"
I'm holding some in case they're on their way back, in which case they may end up with a market cap worth 1 year's revenue. Worth a shot on that basis, imo. Patience required.

Looks like a 5% plus holder
sold out his shares
MK

Why the sell off today? Any Idea?

In some here .01 profit last qrtr
.19 b/v, .06 cash per share
100 fortune 500 customers incl CSCO
MK

TransNet Reports Third Quarter and Nine Month Results
May 14, 2009 12:11:00 PM


Email Story Discuss on ZenoBank

View Additional ProfilesBRANCHBURG, N.J., May 14 /PRNewswire-FirstCall/ -- TransNet Corporation (OTC Bulletin Board: TRNT), a leading unified communications and IT sales and support provider for corporate, governmental, and educational clients, announced today that for the quarter ended March 31, 2009, the third quarter of fiscal 2009, it reported a net loss of $585,190, or $0.12 per share, on revenue of $5,176,608, as compared to a net loss of $923,490, or $0.19 per share, on revenue of $4,955,174 in the third quarter of fiscal 2008.


For the nine months ended March 31, 2009, the Corporation reported a net loss of $1,765,607, or $0.37 per share. This compares to a net loss of $915,519, or $0.19 per share, for the first nine months of fiscal 2008. Revenue for the nine-month period in fiscal 2009 was $18,885,844, as compared to $21,237,566 in fiscal 2008.


Steven J. Wilk, President, said, "We were pleased with the positive steps we have taken during the quarter ended March 31, 2009 and into our fourth quarter. For the March 2009 quarter, we increased overall revenue, in particular our service revenue, which increased by 20% over the same period last year. We increased overall gross profit, and decreased our SG&A expenses by 20%. We believe we can further decrease expenses as we enhance our automation of processes and procedures, and negotiate better prices with our vendors and business partners. As a result of these steps, we anticipate a return to profitability for the second half of calendar 2009.


"In response to shifts in customer demand from personal computers and basic network related products to their strong demand for video surveillance, physical security and virtualization related products, we are significantly changing our product mix. We are confident that the sale of these products will result in significantly higher profit margins for both hardware and services in the near future, and be the primary reason for a return to strong profitability. For the quarter ended March 31, 2009, our profit margins for services was 17%, and we believe we can increase these margins significantly in the second half of 2009.


"During the last twelve months, we experienced prolonged and significant slowdowns and delays in purchases of IT products and related services from the State of New Jersey, local municipalities, and school districts as budgets were frozen. This was in large part due to the extended process of new contract negotiation between the State and major IT manufacturers. During the March quarter, these contracts were finalized and executed, and we are pleased to report that TransNet has been named as an approved vendor for a significant number of IT, communication, and security products pursuant to these contracts. We believe that sales under these contracts will have a significant and positive impact on our results in the second half of calendar 2009.


"We are very confident that we will experience sequential growth and improvements in our revenue, gross profits, and net income through the remainder of the fiscal year as a result of our changes to address current economic conditions and the new state contracts."


About TransNet

TransNet Corporation is a leading Unified Communications and IT sales and support provider for corporate, educational, and governmental clients. TransNet provides sophisticated solutions, including system design and integration, help-desk support services and end-user training. Its clients include Fortune 100 organizations, primarily in the pharmaceutical, oil and gas, finance and communications industries, as well as educational and governmental institutions. TransNet serves it clients from its Branchburg, New Jersey headquarters, and its offices in Eastern Pennsylvania.


"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:

The statements contained in this press release that are forward-looking statements are based on current management expectations that involve risk and uncertainties. Potential risks and uncertainties include, without limitation: the impact of economic conditions generally and in the industry for microcomputer products and services; dependence on key vendors; continued competitive and pricing pressures in the industry; product supply shortages; open-sourcing of products of vendors; rapid product improvement and technological change, short product life cycles and resulting obsolescence risks; legal proceedings; capital and financing availability; and other risks set forth in the Company's filings with the Securities and Exchange Commission.


TransNet Corporation and Subsidiary
Consolidated Statement of Operations
(unaudited)

Three Months Ended March 31,
2009 2008
----------------------------
Revenues $ 5,176,608 $ 4,955,174
Net Income (Loss) (585,190) (923,490)
Net Income (Loss) Per Common Share -
Basic and Diluted (0.12) (0.19)
Weighted Average Common Shares Outstanding:
Basic and Diluted 4,823,304 4,823,304


Nine Months Ended March 31,
2009 2008
----------------------------
Revenues $ 18,885,844 $ 21,237,566
Net Income (Loss) (1,765,607) (915,519)
Net Income (Loss) Per Common Share -
Basic and Diluted (0.37) (0.19)
Weighted Average Common Shares Outstanding:
Basic and Diluted 4,823,304 4,823,304

SOURCE TransNet Corporation



----------------------------------------------
Steven J. Wilk
+1-908-253-0500