Siy­ata Mo­bile com­ments on U.S. mar­ket ac­tiv­ity

Stockwatch Daily - - MINES & METALS - Mr. Marc See­len­fre­und re­ports

SIY­ATA MO­BILE Inc. has made the fol­low­ing state­ments re­gard­ing cer­tain mar­ket ac­tiv­ity sur­round­ing the com­pany’s com­mon shares that trade on the OTC Mar­kets.

On Nov. 8, 2017, the com­pany was no­ti­fied by the OTC Mar­kets about cer­tain pro­mo­tional ac­tiv­i­ties in re­la­tion to the com­pany’s com­mon shares traded on the OTCQX, in­clud­ing cer­tain pro­mo­tional news­let­ter ref­er­ences. The com­pany was not aware of any pro­mo­tional ac­tiv­i­ties un­til no­ti­fied of same by OTC Mar­kets and is un­aware of the full na­ture of the pro­mo­tional ac­tiv­ity or the re­spon­si­ble par­ties.

Upon re­view­ing the con­tent of the ma­te­rial, the state­ments and claims made were taken from the com­pany’s web­sites, Pow­erPoint pre­sen­ta­tions, quotes from his­tor­i­cal press re­leases and in­for­ma­tion from the OTC Mar­kets web­site, which are fac­tual and non-mis­lead­ing. How­ever, there are state­ments made that en­cour­age in­vestors to pur­chase shares of SYATF, which only ex­press the view of the au­thors. The com­pany en­cour­ages in­vestors to con­tact their in­vest­ment ad­vis­ers.

The com­mon shares of the com­pany listed on the OTCQB on May 11, 2017, and, upon meet­ing cer­tain re­quire­ments, listed on the OTCQX on July 25, 2017. Since the com­pany com­menced trad­ing on the OTC mar­kets, the vol­ume has av­er­aged ap­prox­i­mately 33,500 shares per day. Dur­ing the same pe­riod, trad­ing vol­ume has av­er­aged ap­prox­i­mately 441,000 shares per day on the com­pany’s prin­ci­pal mar­ket in Canada.

On Nov. 8, 2017, the com­pany dis­sem­i­nated a news re­lease an­nounc­ing it has re­ceived com­mit­ments from three cel­lu­lar op­er­a­tors for its newly launched U7 Hulk Clamshell de­vice in the or­der of $1.2-mil­lion. Af­ter this an­nounce­ment, the shares traded ap­prox­i­mately 113,000 shares on the OTC mar­ket and ap­prox­i­mately 1,156,611 shares on the com­pany’s prin­ci­pal mar­ket in Canada.

The com­pany at­tributes any in­creased trad­ing vol­umes on the OTCQB to the con­tents of its Nov. 8, 2017, news re­lease and the con­tin­ued pos­i­tive ad­vance­ments of the com­pany’s busi­ness.

Af­ter in­quiry, the com­pany con­firms that its of­fi­cers, di­rec­tors or its con­trol­ling share­hold­ers (share­hold­ers own­ing 10 per cent or more of the com­pany’s se­cu­ri­ties) or third party ser­vice providers have not, di­rectly or in­di­rectly, au­tho­rized or been in­volved in any way with the cre­ation or dis­tri­bu­tion of this pro­mo­tional ma­te­ri­als.

Af­ter in­quiry, the com­pany con­firms that none of its of­fi­cers, di­rec­tors or its con­trol­ling share­hold­ers (share­hold­ers own­ing 10 per cent or more of the com­pany’s se­cu­ri­ties) have pur­chased or sold shares in the last 90 days ex­cept for one di­rec­tor and one con­trol­ling share­holder who have sold shares in the con­text of the mar­ket and made all re­quired fil­ings in con­nec­tion with such trades. Fur­ther in­for­ma­tion on these trans­ac­tions can found on the Cana­dian In­sider web­site.

Since Nov. 1, 2016, the com­pany has en­gaged Kin Com­mu­ni­ca­tions Inc. to pro­vide in­vestor re­la­tions ser­vices in Canada and PCG Ad­vi­sory Group for in­vestor re­la­tions ser­vices in the United States. Both re­main un­der con­tract. The com­pany also re­tained the ser­vices of Para­dox Pub­lic Re­la­tions for pub­lic re­la­tions ser­vices. This con­tract ended in Oc­to­ber, 2017.

The com­pany has been ad­vised that PCG Ad­vi­sory Group and Para­dox have not bought or sold shares in the pre­vi­ous 90 days, while Kin Com­mu­ni­ca­tions has, in con­text of the mar­ket, dur­ing this pe­riod.

In the last 24 months, the com­pany has com­pleted two pri­vate place­ment trans­ac­tions at al­low­able dis­counts to the mar­ket price at the time the fi­nanc­ings were an­nounced. On March 16, 2017, the com­pany is­sued 12,835,000 units at 40 cents per unit. On June 10, 2016, the com­pany is­sued 8,299,714 units at 35 cents per unit. At the time of is­suance, all pri­vate place­ment se­cu­ri­ties were sub­ject to ap­pli­ca­ble statu­tory hold pe­ri­ods.

About Siy­ata Mo­bile Inc.

Siy­ata is a lead­ing global de­vel­oper and provider of cel­lu­lar com­mu­ni­ca­tions sys­tems for en­ter­prise cus­tomers, spe­cial­iz­ing in con­nected ve­hi­cle prod­ucts for pro­fes­sional fleets, mar­keted un­der the Uniden Cel­lu­lar brand.

Siy­ata also of­fers rugged phones for in­dus­trial users and sig­nal boo sters for homes, build­ings and fleets with poor cell cov­er­age.

We seek Safe Har­bor.

Michael Brian Budd, Michael Joseph Kron, Stephen Os­palak, Marc See­len­fre­und

(SIM) Shares: 93,074,019

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