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SITO Mobile, Ltd. (SITOQ)

Other OTC - Other OTC Delayed Price. Currency in USD
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0.04100.0000 (0.00%)
At close: 02:53PM EDT
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  • R
    Richard
    The real issue is that their cash position continues to shrink rapidly. Hence the "going concern" letter from their auditors.
  • r
    ray
    This has gone to shi+
  • R
    Richard
    A quick look at their cash balances trend over the past 4 quarters suggest that they run out of cash well before end of summer. Then they stop paying salaries and all the employees leave. Of course, they could pull a rabbit out of the hat. But given their hideous financial performance and sales declines, I wouldn't bet on it. Time to short this stock.
  • J
    Jerry
    This is a mobile advertising company 1 of 400+ that is trying to monetize data that every other mobile advertiser has. They have been in the data business now for over a year with NO sales. And even if they figure out how to sell the data and monetize, they have no unique selling proposition. If it makes money, every other mobile co will just join the game. And this management team has proven they cant sell it anyway. They dont break out data revenue because there isnt any. In light of the FB bs, wait until consumers get ahold of what they are trying to sell - their GPS coordinates. This has bust written all over it.
  • R
    Richard
    Folks. Read their 8k filings, which can be accessed via their website. They have not filed SEPTEMBER financials! They missed their 2019 Annual Shareholders Meeting! They will very likely miss their 10K filing for 2019. They are likely to get de-listed by NASDAQ in the coming days. Their CEO just resigned. Their latest in a long string of CFOs has not signed even one SEC filing, which tells you that he's unwilling to put his name on anything. From $7 to $.025 in 24 months. And you still think they are a good bet?
  • A
    Anonymous
    This "new" C suite management team (who are coming up to there one year anniversary, since taking over the company) are simply put, not up to the task of running this company or taking it anywhere that investors, advertisers or employers need it to go. The 70% uptick in sales is simply off the old sales and management teams relationship, sales efforts and media placement. This new C suite are a bunch of egos and little 'actual' skill, knowledge or relationships and took over by virtue of a proxy vote of shareholders. In fact, the new management team are a bunch of cowboys who are in their positions and abusing their positions because their new CRO (his one year anniversary coming up) got the job simply because his brother is an investor who rallied other investors to overthrow the existing and smart management team. To boot the CEO, COO and CRO has NEVER managed a company and seems to have not been successful, never managed, first timers /has a track record managing a team or even been employed or worked in the last 10 years or more. Do some research here folks. The CEO is an old school carsalesman, selling snake oil and not able to manage his lieutenants and the rogue team and lets all the decisions be made by the COO/CRO who make very poor decisions not in the best interests of the company, culture, growth and employee sentiment. Simply because of fear out backlash from his CRO's investor brother, who put this unlikely team together. Too boot they all travel back and forth across the country unnecessarily and live in hotels on the company expense account LOL The general sentiment from all employees is bleek at best and morale is at an all time low from what I have heard with a massive hiatus soon to follow. The COO is not actively involved in the business and the "new C suite management team" all round have little understanding of the tech, mobile, location, attribution and data space with no actual tangible dollar producing relationships to speak of after a year. They do not break out the "data" business as there is none to speak of and not brought a single high level, high spending client. Do your research here ppl. The only reason revenues is up is because of legacy sales who are all wanting and waiting to leave. Sad story here folks... Advise to investors get rid of this poor performing and inexperienced C suite and pray. Also be aware, this C suite team have given themselves huge compensation packages, golden handshakes and parachutes if unsuccessful which is clear they are and massive equity grants which has upset employees. Either way taking full advantage of their power. in the short term. Shame on the board of directors for this team to be allowed to run this show. Either way this doesn't look good. I'm shorting this all the way to the bank. Bank on it
  • r
    ray
    I got this POS $5 a share 3 years ago. They were saying it was fixing to soar. "I guess i should have ask them which way"
  • W
    WEC
    Revenue 12/31/2017 12/31/2016 12/31/2015
    Total Revenue 42,990.43 29,051.955 12,805.19
  • r
    ray
    They obviously haven’t discovered it doesn’t matter how many you hire it’s not going to get better until someone starts doing it right. Whatever it is !!!
  • G
    GeorgeW12
    Take a look at Innovative Foods, IVFH, they grew earnings by 53% and it still trades for a P/E of 6, almost debt free. And just made an acquisition that should help them grow even faster...
  • F
    Freedom from
    SITO set to jump. look at todays volume. Will be 10-11 by mid Feb.
  • G
    GeorgeW12
    Take a look at Innovative Foods, IVFH, they grew earnings by 53% and it still trades for a P/E of 6, almost debt free. And just made an acquisition that should help them grow even faster...
  • G
    GeorgeW12
    Take a look at Innovative Foods, IVFH, they grew earnings by 53% and it still trades for a P/E of 6, almost debt free. And just made an acquisition that should help them grow even faster...
  • B
    Bharat
    Sad to say.. Similar situation.. Have been holding this for about the same time and continue to hold, hoping for a miracle
  • G
    GeorgeW12
    Take a look at Innovative Foods, IVFH, they grew earnings by 53% and it still trades for a P/E of 6, almost debt free.
  • J
    Jean
    buy buy this stock has huge potential in the near future..
  • W
    WEC
    Is this company going to get bought out at these low prices? Offers coming at this low valuation. I bet will be bought out before next earnings report for plus 8 bucks.
  • r
    ray
    @Jonte I’m either tapped out or doubled down as 1 “one” can be with every stock I own. It’s been quiet an experience I promise.
  • J
    Jean
    buy buy, great stock to be hold long..
  • M
    Mrexsne
    Soaring with good volume. Day high: 0.38. http://www.foxchart.com/share/745592935.png
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