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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
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Comment by Greygoat420on Dec 06, 2021 9:53am
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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?
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