Baron Munchhausen may have been able to pull himself out of the swamp by his hair. Penny stock companies that are in the bog of post-pump spasms rarely can. After filing its 10-K report , Santo Mining Corp. ( OTC:SANP ) started to drop in price. Three consecutive days saw SANP share price slip down in double-digit percentages, slumping from $1.30 to its current value of $0.72, as pumpers went silent. The financial details posted in the 10-K are as follows: $50,793 total current assets $135,071 total assets $125,868 total liabilities $0 revenue Traders may be asking themselves why a company that has no proven mineral reserves in its land plot claims is valued in the dozens of millions. As of right now SANP has no way to prove it will have profitable mining opportunities on its hands anytime soon.[BANNER] Apart from the unimpressive financial figures, SANP is up to more capers that may upset investors. The report details how the company acquired land claims from another entity named Gexplo SRL, paying 25 million of SANP shares in the process. A couple of paragraphs down, it becomes clear that Gexplo is a company owned by Mr. Alain French who happens to be CEO, president and sole board member of SANP. To sum it up, Mr. French paid himself nearly 20 million dollars worth of SANP shares to purchase land claims with no proven resource caches in them. On Wednesday, SANP also announced a 2-for-1 forward split of the company stock. The company seeks to diversity its shareholder base by reducing per-share price but in the last sessions the price has gone down in leaps and bounds anyway, so the split may not have the desired effect in the end. The bottom line would be that with pretty much all pumped penny stocks, there is something going on and something that will lead to regular investors getting the shaft while someone on the inside or otherwise in the know cashes in. Remember to do your own due diligence and be very careful with all OTC stocks, especially with promoted pennies that almost inevitably crash and burn once the pump stops.