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Siyata Mobile Inc SYTA

Alternate Symbol(s):  SYTAW

Siyata Mobile Inc is engaged in the sale of vehicle mounted, cellular-based communications platforms over advanced 4G mobile networks. The company offers rugged phones for industrial users and signal boosters for homes, buildings, and fleets with poor cell coverage. It acts as a developer and provider of cellular communications systems for enterprise customers, specializing in connected vehicle products for professional fleets, marketed under the Uniden Cellular brand. The company serves cellular operators, commercial vehicle technology distributors, and fleets of all sizes in Canada, the U.S., Europe, Australia, and the Middle East. The majority of the company's revenue comes from Israel.


NDAQ:SYTA - Post by User

Comment by Midtown007on Oct 14, 2020 11:31am
144 Views
Post# 31713958

RE:RE:RE:Midtown007

RE:RE:RE:Midtown007Hi Bohemian14

I know based on the last few years this stock has performed terrible, having said that I truly beleive that Marc has poured his heart and soul into this Company, I know he has been paid well and to date based on the share price he has not delivered.   Looking in the review mirror maybe he underestimated the time it would take to introduce their products to such a large market along with how long it took to get the necessary approvals.  

They were most likely under capitalized from the beginning and so on, yes a lot of mistakes were made and unfortunately for us shareholders who got in early it's been painful, trust me I'm one of them but he is not giving up, I believe that he believes in this Company and it's future.  I have owned my own little business that started with 0 sales, it took me 5 years to what I would say that I turned a reasonble profit, years 5 thru 10  I made a very comfortable living and years10- thru 25  did very well.

I know first hands what the growing pains can feel like but when you come out the other end it gives you that much more satisfaction.    I know some may say you can't compare a small business to a much larger one but I did reach 3.5 million in sales/year  which I guess at this point is about 25% of what Siyata has done.  There were points along the way in that first 5 years I felt like throwing in the towel but I didn't and am very glad I didn't.   

In fairness to most other shareholders  they most likely don't have the same experiance that I have had so I can understand why people are frustrated .  Anyways I really think we will have an answer on the future of Siyata between now and will say next June July /2021.  
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