Topic: How To Invest

Q: Pat, I would like your opinion on Siyata Mobile Inc. If its new device takes off, would its small market cap make for an easy buyout by a large telecom?

Article Excerpt

A: Siyata Mobile Inc., $0.42, symbol SIM on the Toronto Venture Exchange (Shares outstanding: 117.3 million; Market cap: $32.4 million; www.siyatamobile.com), is a developer and provider of cellular communications systems for corporate customers. It specializes in connected-vehicle products for fleet vehicles. Its products are marketed under the Uniden Cellular and Siyata brands. The Montreal-based company’s customer base includes cellular network operators and their dealers, as well as commercial vehicle technology distributors for fleets of all sizes in the U.S., Canada, Europe, Australia and the Middle East. Siyata’s commercial vehicle devices are specifically designed for trucks, vans, buses, emergency service vehicles, government cars and more. The company launched its flagship 4G UV350 commercial vehicle smartphone device at Bell Mobility in late 2018; and in mid-2019, AT&T began to host its first responder cellular network, FirstNet. More recently, Rogers Wireless has picked up that service. The company has just received approval from another Tier 1 U.S. cellular Carrier. Siyata sees the U.S. market as its…