Siyata Mobile IncSIM.VCOMMENTJan 24, 2018Stock 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 continues to execute. They have technology allowing "push to talk" over cellular networks, along with a number of different enhancements for fleets. It is still rolling out as they are still working on getting approvals with different carriers in the US. When that happens there should be a huge upgrade cycle. The movement of the stock might be a little slower than what he had expected. It sold off, and then there was probably a fair bit of tax loss selling, so the stock price really hasn't done too well. You will probably start to see some catalysts in Q2 and Q3 that will probably take the stock price higher.