Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Siyata Mobile Inc SYTA

Alternate Symbol(s):  SYTAW

Technology Communication Equipment
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

Siyata Mobile Inc > Hi everyone
<< Previous
 Bullboard Posts
Next >>
User Avatar Image
(18)
•••
Comment by Greygoat420on Dec 06, 2021 9:53am
87 Views
Post# 34201759

RE:Hi everyone

RE:Hi everyoneHi NineLives,
The devil is in the details.  While the "loan" caries an interest rate of 0%, Siyata has to pay back $7.2M to Lind.  In other words Lind invested $6M and gets $7.2M back after 24 months, effectively this is a 20% interest rate over the term of the loan. I am guessing that there may be some tax advantage for Lind to loan the funds to Siyata this way?
<< Previous
 Bullboard Posts
Next >>
Dealroom for high-potential pre-IPO opportunities