Siyata Mobile IncSIM.VCOMMENTOct 06, 2017Stock price when the opinion was issued
As of Oct 19, 2020. Market Open.
It's very frustrating and a former pick of his. They make a device accepted by AT&T and Bell, which is impressive. But this hasn't excited investors. Wait. When SIM gets a purchase order, this stock will move. Revenues will be made.
(A Past Top Pick on July 26, 2017, Down 38%) They developed a hardware that goes into fleets. They just announced they added another carrier to their approved list. The stock appears to be recovering after a decline. They're six months behind where he thought they'd be. Has trimmed his holding. He'll wait and see before adding more.
This has “push to talk” radios. Motorola has a huge installed base of “push to talk”, and the industry is moving away from the 2G network. A lot of carriers are forcing people off the 2G network, because they want to use the frequency for more profitable things, and are moving towards 3G and 4G networks. This company has a solution. In addition, they have new software and other applications that will give them an opportunity for recurring revenue. It has done extremely well, and there is a pretty good runway over the next 2-3 years as they do the conversion for the existing Motorola system.