SITO Mobile Ltd (STTO)

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$SITO has already been taken over through a proxy battle over a month ago by the Karen Singer Group. Its in my opinion that they will merge SITO with another one of her controlled Companies. Maybe SITO SH will get a dividend? That I don't know time can only tell.

[Bnovicky15]

I was curious why you think Sito will be taken over and done what with? I've been watching Mrs Singer buys shares of Sito for a while now I believe she has a lil more than 10% right now.

[SteveSchiets]

Im looking out for photonics stocks. Ex CEO Jerry Hug moved to Carbon Science. Any opinions he can do a good job over there? What are his skills? Thx

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SITO Mobile Appoints Industry Veteran Additions to Management Team
Board Unanimously Approves Thomas J. Pallack, Mark Del Priore and William Seagrave as Officers of the Company

JERSEY CITY, N.J., June 30, 2017 (GLOBE NEWSWIRE) -- SITO Mobile Ltd. (NASDAQ:SITO), a leading mobile engagement platform (“SITO” or the “Company”), today announced the appointment of Thomas J. Pallack and Mark Del Priore as the Company’s Chief Executive Officer and Chief Financial Officer, respectively. Since June 1, 2017, Pallack and Del Priore served as executives of the Company on an interim basis. In addition, the Company announced the appointment of William Seagrave as the Company’s Chief Operating Officer.

Pallack’s background encompasses more than 30 years of sales, sales operations, financial and business development experience with global technology software companies such as Oracle, Ariba, Consilium and NCA. He is the Co-Founder, Chief Executive Officer and Head of Sales of SBV Solutions — Strategic Business Velocity, a software sales company, since 2005.

“Tom, Bill and Mark are proven leaders with a broad range of experiences that are uniquely suited to the future of SITO’s business,” said Brent Rosenthal, Chairman of the Board. “We are thrilled to be working closely with them for the next phase of the company’s growth.”

“I look forward to continuing to partner with the team to fulfill the company’s vision to build an enduring data and technology platform for brands and agencies,” said Tom Pallack, CEO of SITO Mobile. “Bill and I have a long history of success in creating robust solutions for the marketplace that increase shareholder value.”

Previously, Seagrave directed sales, product, and market strategies for global technology companies including: Cisco, Oracle, Intel, Baxter and venture-backed technology companies in the social marketing, consumer analytics, telecom and mobile infrastructure industries. He has extensive experience with SaaS and subscription model product lines, marketing analytics, software infrastructure, cloud, and network technologies leveraging the Internet of Things (IOT). While at Oracle, Seagrave was a founding member of the Oracle Applications team, which developed the Oracle Applications unit from a concept to a multi-billion dollar success.

“The people and product offerings at SITO provide a strong foundation for growth and expansion,” said Bill Seagrave, Chief Operating Officer of SITO Mobile. “The business is well-positioned for its next stage of development in the technology landscape.”

Prior to SITO, Del Priore was Chief Financial Officer of Go Green Global Technologies Corp, a water and fuel technology company. From 1999 to 2013, Mr. Del Priore served as a Principal at W.R. Huff Asset Management Co., L.L.C., where he evaluated and oversaw a number of W.R. Huff’s public and private investments, including a substantial portfolio of technology, telecommunications and media companies.

About SITO Mobile, Ltd.
SITO Mobile is transforming the manner in which brands connect with consumers in the real world by develo

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$SITO takeover now FACT

SITO Mobile Announces Changes to Board and Management Team

Shareholders Resoundingly Support the Proposals Made in the Consent Solicitation Statement

Brent Rosenthal Remains on Board and will be joined by Five New Independent Directors

Thomas J. Pallack Appointed as Interim Chief Executive Officer

JERSEY CITY, N.J., June 05, 2017 (GLOBE NEWSWIRE) -- SITO Mobile, Ltd. (NASDAQ:SITO), a leading mobile engagement platform (“SITO” or the “Company”), today announced that the independent inspector of elections, which was appointed by the Company in connection with the previously-announced consent solicitation by Stephen D. Baksa, Thomas M. Candelaria and other participants, has certified written consents representing more than 57% of the Company’s outstanding shares to remove five of the six members of the Company’s Board of Directors, elect five new directors to the Company’s Board of Directors and amend and restate the Company’s Bylaws. Accordingly, effective immediately, Betsy Bernard, Richard O’Connell, Jonathan E. Sandelman, Lowell W. Robinson and Joseph Beatty have been removed from the Company’s Board. Brent Rosenthal, who will remain on the Board, will be joined on the Board by new directors Michael Durden, Itzhak Fisher, Thomas J. Pallack, Matthew Stecker and Thomas Thekkethala. The new directors will serve on the Board until the next annual meeting of shareholders, which, given their recent appointment, has been postponed until 2018.

In addition, Mr. Richard O’Connell and Mr. Lawrence Firestone, the Company’s Interim Chief Executive Officer and Interim Chief Financial Officer, respectively, will no longer serve as officers of the Company. They will be replaced immediately by Thomas J. Pallack, who will serve as Interim Chief Executive Officer, and Mark Del Priore, who will serve as Interim Chief Financial Officer. Mr. Pallack is the Co-Founder, Chief Executive Officer and Head of Sales of SBV Solutions?--Strategic Business Velocity, a software sales company. He brings to our Company more than 30 years of sales, operational, financial and business development experience with global technology software companies such as Oracle, Ariba, Consilium and NCA. The Board intends to evaluate candidates, including the interim executives, to fill the Chief Executive Officer and Chief Financial Officer roles on a permanent basis.

Speaking on behalf of SITO’s newly elected Board, Brent Rosenthal added, “I am looking forward to working with SITO’s new Board members. My fellow Board members and I share a common goal for SITO Mobile – to enhance value for all of the Company’s stakeholders, including its shareholders, employees and customers, by focusing on excellence throughout the organization. We also welcome Messrs. Pallack and Del Priore to SITO Mobile. We anticipate that their extensive experience in the mobile and marketing industries and deep connections to the industry will result in substantial revenue growth, improved product offerings and increased shareholder value. The new Board is prepared and excited to immediately begin working alongside SITO’s management team to put the Company on track for long-term value creation for all shareholders. The new Board wishes the departing directors and Messrs. O’Connell and Firestone well, and we thank them and their advisors for ensuring a smooth and seamless transition process that will allow us to immediately focus on the priorities at hand.”

Speaking on the Company’s potential, Thomas J. Pallack, the interim Chief Executive Officer said, “I am excited by the technology platform that SITO has developed. By focusing on larger customers and developing our data product offerings, I believe there is an opportunity to quickly grow SITO Mobile to be one of the premier companies in the Mobile Marketing space. We will be announcing several additions to the team in the coming weeks. Together, we plan to substantially grow shareholder value and realize this Company’s full potential.”

“I look forward to working with Tom and the board to improve SITO’s shareholder relations after this contentious period,” said SITO’s Interim Chief Financial Officer, Mark Del Priore. “I intend to establish the controls and financial rigor needed throughout the organization to protect shareholder interests and increase the value of their investment in our Company.”

Biographical information for the new members of the Company’s Board of Directors will be provided in a Current Report on Form 8-K, to be filed by the Company with the Securities and Exchange Commission.

About SITO Mobile Ltd.
SITO Mobile provides a mobile engagement platform that enables brands to increase awareness, loyalty, and ultimately sales. For more information, visit www.sitomobile.com.

[don estaban]

Wonder what will happen stock continues higher

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SITO Mobile Issues Open Letter to Stockholders

Current Board and Management Team are Delivering Growth and Value Creation

Stockholders Urged Not to Let the Baksa Group Disrupt SITO Mobile’s Positive Momentum

JERSEY CITY, N.J., May 17, 2017 (GLOBE NEWSWIRE) -- SITO Mobile Ltd. (NASDAQ:SITO), a leading mobile engagement platform, today issued an open letter to its stockholders in connection with the pending solicitation of consents from SITO Mobile’s stockholders by Stephen D. Baksa, Thomas Candelaria, Matthew Stecker, Thomas Thekkethala and the other participants in their solicitation (the “Baksa Group”) seeking control of the SITO Board of Directors.

The full text of the letter is as follows:

May 17, 2017

Fellow Stockholders:

Today SITO Mobile is at an inflection point. There are two paths stockholders can take, and the path chosen will be the most important decision stockholders make as it relates to SITO Mobile.

On the one hand, stockholders can choose to support the current SITO Mobile Board and management team. This is a group that has been executing a clear strategy to deliver growth and value creation, and has SITO Mobile poised to continue to successfully build on this foundation. The current management team continues to improve our sales management process, deliver operational efficiencies and monetize our new product offerings. We have also made significant progress on improving our overall product set by offering advertisers new and enhanced visibility into their ad campaign targeting and effectiveness.

These actions are having a positive effect on the Company. SITO Mobile’s revenues, gross profit, customers, campaign volumes and average campaign dollars have all increased. We achieved record first quarter 2017 revenue of $6.6 million, and expect to report record revenue for the second quarter. This improvement is evidenced in our stock price, which has increased over 89% since February 17, 2017, the day prior to Rory O’Connell joining the Company as interim CEO. Wall Street analysts also agree – as Maxim Group states in its May 5, 2017 research report “…we are encouraged that the new management team has the company back on track…” SITO Mobile is hitting its stride and has the right team leading the Company forward.

In lieu of letting the current SITO Mobile Board and management team continue to execute on their clear strategy for delivering growth and value creation, stockholders have been asked to abruptly hand over control of the Board and SITO Mobile to the Baksa Group or the Singer family, who is separately pursuing a proxy contest for control of SITO Mobile. We believe such an abrupt change in our Board at this pivotal point in SITO Mobile’s history would be value-destructive.

The Baksa Group and the Singer family have made no attempt to publicly disclose their strategy for SITO Mobile should either abruptly gain control of the Company. They have also provided no information regarding the management team they would recruit to lead SITO Mobile. Importantly, neither the Baksa Group nor the Singer family have provided any detail on how they would prevent such an abrupt change from being exploited by our competitors. Our stockholders deserve more.

SITO Mobile remains open to amicably resolving this matter to avoid any further expense and disruption. In fact, we prefer an amicable resolution so that we can focus all of our energy on delivering on SITO Mobile’s significant potential. Unfortunately, to date, SITO Mobile has received no indication that either the Baksa Group or the Singer family is prepared to constructively engage with SITO Mobile. Our number one priority has, and always will be, to serve the best interests of all our stockholders. We will continue to take steps that we believe are necessary to protect those interests.

We believe the choice at this critical time in our Company’s history is clear. Do not disrupt the positive momentum at SITO Mobile. Stockholders should discard any gold consent card and materials they receive from the Baksa Group and vote the WHITE consent revocation card today to support the Board and management team that are committed to creating stockholder value, and that have already proven they can do so. Any stockholders who have questions or need assistance in revoking their consent on the WHITE consent revocation card should contact SITO Mobile’s proxy solicitor, MacKenzie Partners, at [phone] or toll-free at [phone].

We are at the center of the mobile media revolution, and I am more confident and enthusiastic about our future than ever before.

Thank you for your support,

/s/ Betsy J. Bernard

Betsy J. Bernard
Lead Independent Director

Morgan, Lewis & Bockius LLP and Sichenzia Ross Ference Kesner LLP are serving as legal advisors to SITO. Mackenzie Partners, Inc. is serving as SITO’s proxy solicitor.

[don estaban]

Looking good

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SITO Mobile Sends Letter to Stockholders

Urges Stockholders Not to Let the Baksa Group and His Nominees Disrupt the Substantial Progress Being Made by SITO Mobile

Urges Stockholders to NOT Execute Any Gold Consent Cards

JERSEY CITY, N.J., May 12, 2017 (GLOBE NEWSWIRE) -- SITO Mobile Ltd. (NASDAQ:SITO), a leading mobile engagement platform, today issued a letter to its stockholders in connection with the pending solicitation of consents from SITO’s stockholders by Stephen D. Baksa, Thomas Candelaria, Matthew Stecker, Thomas Thekkethala and the other participants in their solicitation (the “Baksa Group”) seeking control of the SITO Board of Directors.

The full text of the letter is as follows:

May 12, 2017

Dear Fellow Stockholders:

Protect the value of your investment by discarding any gold consent card or other consent solicitation materials sent to you by the Baksa Group, led by Stephen D. Baksa and Thomas M. Candelaria, or any of its purported proposed nominees, including Matthew Stecker and Thomas Thekkethala, both of whom are members of the board of directors and senior leadership team of Evolving Systems, Inc., a company where 21.2% of the outstanding common stock is owned by the family of Gary A. Singer, or by signing, dating and mailing each and every WHITE consent revocation card you receive.

As you may know, Mr. Baksa served on the SITO Mobile Board of Directors from October 2011 to September 2014. Mr. Baksa left our Board because he did not believe in the strategy we were pursuing – the strategy that ultimately led to the excellent results we reported last week and the record results we expect to achieve for the current quarter ending June 30, 2017.

We believe that Mr. Baksa is:

A disgruntled former director, with a history of collaborating with members of the family of Gary A. Singer on activist matters in the past.
Closely associated with current SITO Mobile director, Brent D. Rosenthal, who Mr. Baksa is supporting in his consent solicitation and who Mr. Baksa collaborated with in connection with an activist campaign at RiceBran Technologies (trading on NASDAQ as “RIBT”).
The person who helped install Mr. Rosenthal as the Chairman of the Board of RiceBran Technologies. - SITO Mobile stockholders should take note that, since the time that Mr. Baksa entered into his agreement with RiceBran Technologies and installed Mr. Rosenthal as Chairman of the Board, RiceBran Technologies’ stock price has fallen more than 48%1.- In addition, during Mr. Rosenthal’s tenure on the board of another company, comScore, Inc. (formerly trading on NASDAQ as “SCOR”), the stock price has declined almost 38%2 and the company’s common stock was recently suspended from trading on NASDAQ, and is currently at risk for being delisted, for failure to file any periodic annual and quarterly reports with the SEC since filing its quarterly report with the SEC for the quarter ended September 30, 2015.

We believe that Mr. Baksa is using this consent solicitation to seek control of SITO Mobile without paying our stockholders a control premium for their shares and to advance an undisclosed and uncertain agenda to benefit not only Mr. Baksa, but also the family of Gary A. Singer and its investment in Evolving Systems, Inc. Notably, Mr. Singer’s wife, Karen Singer, has also threatened a proxy contest to abruptly take control of SITO Mobile at the upcoming 2017 Annual Meeting of Stockholders and her purported proposed slate of nominees, like the Baksa Group’s proposed slate, includes individuals with close ties to Evolving Systems: Richard Ramlall, a current member of the Evolving Systems, Inc. board of directors and Steven G. Singer, the brother-in-law of Karen Singer and a paid consultant to Evolving Systems, Inc.

STEPHEN D. BAKSA WANTS IMMEDIATE CONTROL OF SITO MOBILE WITHOUT PAYING A CONTROL PREMIUM BUT HAS PROVIDED NO PLAN FOR INCREASING STOCKHOLDER VALUE

Mr. Baksa has not provided any detailed and credible alternative strategic plan or any viable and substantive proposals on how he would drive the creation of long-term stockholder value if he were to gain control of SITO Mobile’s Board. Nor has Mr. Baksa provided any information regarding the management team that he would recruit to manage SITO Mobile and drive its business forward. In addition, Mr. Baksa has not provided any details on how such an abrupt change in control of SITO Mobile’s Board, at a pivotal and critical time in SITO Mobile’s trajectory, would be accomplished so as not to cause significant and substantial harm to our business and prospects.

In addition, we believe that at least two of the Baska Group nominees, Matthew Stecker and Thomas Thekkethala, both members of the senior leadership team of Evolving Systems, may have been selected in cooperation with the family of Gary A. Singer. We believe that these nominees:

Have longstanding ties to the family of Gary A. Singer, particularly Mr. Stecker who has collaborated extensively with the family of Gary A. Singer at numerous public companies, including Evolving Systems, Inc., LiveWire Mobile, Inc., Concurrent Computer Corporation and MRV Communications.
May take actions at SITO Mobile intended to advance an undisclosed and uncertain agenda to benefit not only Mr. Baksa, but also the family of Gary A. Singer and its substantial investment in 21.2% of the outstanding common stock of Evolving Systems, Inc., instead of acting in the best interest of all SITO Mobile stockholders.

_______________________

1 Based on stock price of $1.59 on July 5, 2016 as compared to stock price of $0.83 on May 5, 2017.

2 Based on stock price of $40.54 on January 5, 2016 as compared to stock price of $25.22 on May 5 2017.

THIS IS NOT THE TIME TO DISRUPT THE POSITIVE MOMENTUM
SITO MOBILE HAS CREATED

We believe it is essential for stockholders that our management team continues to execute on its strategic initiatives underway to enhance SITO Mobile’s value.

Since the new management team took over at SITO Mobile less than three months ago, the Company’s stock is up nearly 74%, including an approximately 39% improvement since the Company’s strong earnings report on May 3rd.

Notably, SITO Mobile has recently publicly announced:

Revenue in the first quarter of 2017 of $6.6 million, an increase of 33% compared to first quarter 2016, driven by strong performance in the Media Placement Business.
Gross profit in the first quarter of 2017 of $3.4 million (52% gross margin), up from $2.6 million (53% gross margin) in Q1 2016.
Guidance projecting record second quarter 2017 revenue of $10 million - $13 million.

SITO Mobile has the right platform, strategy and team in place to guide the Company forward during this pivotal time in our history. We urge you not to let the Baksa Group’s pursuit of what we believe is a self-interested and undisclosed agenda disrupt the substantial progress SITO Mobile and its new management team have demonstrated in laying a solid foundation for growth and the creation of long-term stockholder value.

PROTECT THE VALUE OF YOUR INVESTMENT – WE URGE YOU TO NOT EXECUTE ANY GOLD CONSENT CARD

This may be the most important vote you have ever made regarding SITO Mobile and its future. To protect your investment in SITO Mobile, the SITO Mobile Board urges you to NOT execute any gold consent card and to DISCARD all materials sent to you by the Baksa Group or any member of the family of Gary A. Singer.

The SITO Mobile Board urges you to:

Discard the Baksa Group’s solicitation materials;
Not sign the Baksa Group’s gold consent card;
If you have signed the Baksa Group’s gold consent card, revoke that consent by signing, dating and mailing the enclosed WHITE consent revocation card immediately; and
Even if you have not signed the Baksa Group’s gold consent card, show your support for the SITO Mobile Board and your fellow stockholders by signing, dating and mailing the enclosed WHITE consent revocation card today.

On behalf of your Board of Directors, we thank you for your continued support.

Sincerely,

/s/ Betsy J. Bernard
Betsy J. Bernard
Lead Independent Director

Morgan, Lewis & Bockius LLP and Sichenzia Ross Ference Kesner LLP are serving as legal advisors to SITO. Mackenzie Partners, Inc. is serving as SITO’s proxy solicitor.

About SITO Mobile Ltd.

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Shareholder letter fresh out.
http://www.nasdaq.com/press-release/sito-mobile-highlights-strong-performance-in-letter-to-stockholders-20170510-01164

[don estaban]

Starting to buy future is looking good

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EARNINGS OUT
SITO Mobile Reports First Quarter Financial Results and Guidance for Second Quarter

Q1 Revenue $6.6 Million, Up 33% period-over-period; Second Quarter Revenue Guidance Range of $10-$13 million

Results Demonstrate Substantial Progress in Building a Sound Foundation for Growth and Shareholder Value Creation

JERSEY CITY, N.J., May 03, 2017 (GLOBE NEWSWIRE) -- SITO Mobile Ltd. (NASDAQ:SITO), a leading mobile engagement platform, today announced its results for the first quarter ended March 31, 2017.

First Quarter and Recent Business Highlights

TOTAL REVENUE: $6.6 million, an increase of 33% compared to Q1 2016.
GROSS PROFIT: $3.4 million (52% Gross Margin), up from $2.6 million (53% Gross Margin) in Q1 2016.
CASH ON HAND: Approximately $7 million on March 31, 2017.
PROMOTIONS: SITO Mobile recently promoted Jon Lowen to Chief Operating Officer, Adam Meshekow to Chief Revenue Officer and Michael Blanche to Chief Technology Officer. These promotions are another important step in SITO Mobile’s efforts to strengthen the business, recognize the best talent and position the Company for future growth and success.
ADDITIONAL TALENT ON THE BOARD: On April 18, 2017, SITO Mobile added Lowell W. Robinson to its Board of Directors. Mr. Robinson has thirty years of senior-level strategic, financial, operational, governance and M&A experience and has served on seven public company boards.
NEW DATA PRODUCTS: SITO Mobile recently launched two new data service products; SITO LABS, providing location-based behavioral insights to marketers, and Real-Time Verified Walk In as a service, providing our attribution products to multiple marketing channels beyond our own advertising platform.
GUIDANCE: Expect Q2 revenue to be in the range of $10-$13 million.

"We are hitting our stride at SITO Mobile and our results demonstrate that we are building a sound foundation for growth and shareholder value creation. Our 33% revenue growth for Q1 was a solid start for the year. That, combined with strong momentum coming into Q2, begins what we believe will be a record quarter, leading to another excellent year for SITO Mobile,” said Rory O’Connell, Interim CEO of SITO Mobile. “We are growing our customer base, campaign volume and average campaign dollars. We are growing in our established vertical markets including retail, automotive and consumer products and we are also expanding in entertainment, tourism and state and local government markets. On this strong foundation, we believe the second quarter will deliver revenues in the range of $10-$13 million.”

Conference call information:

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SITO Mobile Comments on Schedule 13D Amendment and Andrews Kurth Letter Recently Publicly Filed By the Karen Singer Group

http://www.gurufocus.com/news/512748/sito-mobile-comments-on-schedule-13d-amendment-and-andrews-kurth-letter-recently-publicly-filed-by-the-karen-singer-group

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SITO Mobile Reports Preliminary First Quarter Financial Results
Reschedules First Quarter Results Release and Conference Call for Wednesday, May 3, 2017

JERSEY CITY, N.J., April 27, 2017 (GLOBE NEWSWIRE) -- SITO Mobile Ltd. (NASDAQ:SITO), a leading mobile engagement platform, today announced unaudited preliminary results for the first quarter ended March 31, 2017 and also announced that it will postpone reporting its full financial results and holding its earnings conference call until Wednesday, May 3, 2017.

First Quarter Preliminary Results Highlights

• TOTAL REVENUE: For Q1 in the range of $6.6 million - $6.7 million.

• GROSS PROFIT: In the range of $3.4 million - $3.5 million.

• GROSS MARGIN: In the range of 51%-53%.

• OPERATING EXPENSES: In the range of $5.7 million - $5.9 million including;

Sales and marketing of $3.5 million-$3.6 million,
General and administrative in the range of $1.5 million - $1.6 million,
Extraordinary professional fees of approximately $650,000,
Depreciation and amortization of approximately $160,000.

• INTEREST EXPENSE: Approximately $400,000.

"SITO Mobile’s 33% year-over-year growth in first-quarter revenue represented a solid start for the year,” said Rory O’Connell, Interim CEO of SITO Mobile. “We are growing our customer base, campaign volume and ad dollars. We are expanding in a number of existing vertical markets including retail, automotive and consumer products and we are also growing in entertainment, tourism and state and local government. We believe this solid foundation and strong momentum will enable us to produce strong year-over-year and sequential growth in the second quarter.”

The Company also noted it will provide second quarter revenue guidance on the upcoming call.

New conference call details will be provided in a separate release.

About SITO Mobile Ltd.

SITO Mobile provides a mobile engagement platform that enables brands to increase awareness, loyalty, and ultimately sales. For more information, visit www.sitomobile.com.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities

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SITO Mobile Comments on Revised Preliminary Consent Solicitation Statement Seeking Control of SITO Mobile Filed By Baksa Group

https://globenewswire.com/news-release/2017/04/25/971030/0/en/SITO-Mobile-Comments-on-Revised-Preliminary-Consent-Solicitation-Statement-Seeking-Control-of-SITO-Mobile-Filed-By-Baksa-Group.html

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JERSEY CITY, N.J., April 20, 2017 -- SITO Mobile Ltd. (NASDAQ:SITO), a leading mobile engagement platform, today announced that it has filed a preliminary Consent Revocation Solicitation Statement with the Securities and Exchange Commission (“SEC”) in response to the preliminary consent solicitation statement filed on April 12, 2017 by Stephen D. Baksa, Thomas Candelaria and the other participants in their intended consent solicitation. Both sets of materials are subject to the SEC review process, and solicitation of consent forms or consent revocations is not permitted prior to completion of this process.

As previously announced, Messrs. Baksa and Candelaria, who have reported in their filings with the SEC that they own in the aggregate approximately 6.8% of SITO’s outstanding shares, intend to solicit consents to remove all but one of the directors on SITO’s five-member Board of Directors, increase the size of the SITO Board to six members and cause their own hand-picked nominees to be elected to the SITO Board. Messrs. Baksa and Candelaria have indicated in their filing with the SEC that they are not seeking to replace current SITO Board member and SITO stockholder Brent D. Rosenthal who Mr. Baksa has a previous association with and who Mr. Baksa has previously collaborated with on an activist campaign at another public company.

In connection with the filing, SITO issued the following statement:

SITO’s Board and management team are committed to executing the Company’s strategic plan to drive enhanced stockholder value. SITO Mobile continues to grow revenue and will maintain its focus on current strategic initiatives, helping marketers to leverage its location-based targeting capabilities in combination with transparent real-time insights and measurement.

The SITO Board appreciates the importance of recruiting independent and highly qualified directors with skills, insights and experiences that provide SITO with additional competencies and perspectives for growing stockholder value. As SITO announced yesterday, Lowell W. Robinson, a highly regarded and accomplished business executive with substantial public company board experience, was added to the Board as an independent director. Mr. Robinson has thirty years of senior-level strategic, financial, operational, governance and M&A experience. He has also served on seven public company boards, and has substantial public company board leadership experience having served as a Chairman of the Board as well as Chairman of audit and compensation committees.

While Messrs. Baksa and Candelaria have been abundantly clear that they want complete and immediate control of SITO without paying our stockholders any control premium, notably absent from the numerous public filings that Messrs. Baksa and Candelaria have made in recent weeks is any detailed and credible alternative strategic plan or any viable and substantive proposals on how they would drive the creation of long-term stockholder value if they were to gain control of SITO’s Board. Messrs. Baksa and Candelaria have also not provided stockholders with any information regarding the management team that they would recruit to manage SITO and drive its business forward. In addition, Messrs. Baksa and Candelaria have not provided any details on how such an abrupt change in control of SITO’s Board, at a pivotal and critical time in SITO’s trajectory, would be accomplished so as not to cause significant and substantial harm to our business and prospects, including, but not limited to, our relationships with our employees, customers and partners.






SITO also noted that it found it curious that Messrs. Baksa and Candelaria are not looking to replace Mr. Rosenthal as a member of the SITO Board. However, perhaps this is not completely surprising given the publicly-known past association and working relationship between Mr. Baksa and Mr. Rosenthal which includes their collaboration on an activist campaign at another public company. In July 2016, Mr. Baksa and other investors had threatened a proxy contest at another public company that ultimately ended when Messrs. Baksa and Rosenthal, among other individuals, entered into a settlement agreement with the target pursuant to which Mr. Rosenthal was named to that company’s Board as one of the designees of Mr. Baksa and his fellow investors, and was also named Chairman of the Board. As noted in SITO’s preliminary Consent Revocation Solicitation Statement, the SITO Board has determined not to recommend or nominate Mr. Rosenthal for re-election at the 2017 Annual Meeting.

Messrs. Baksa and Candelaria have jointly filed a Schedule 13D with the SEC with regard to SITO but, currently, they are the only parties named as filing parties therein. As such, SITO can only surmise that, at this point, Messrs. Baksa and Candelaria have determined, after consultation with their securities counsel, that they have not formed a group with any other person or entity pursuant to Rules 13d-3 and 13d-5 of the Securities Exchange Act of 1934.

SITO urges all SITO stockholders to refrain from taking any action (including returning any consent card sent by Messrs. Baksa and Candelaria or any of their fellow participants) at this time. SITO’s Board will advise SITO stockholders of its recommendation regarding the solicitation by Messrs. Baksa and Candelaria in due course.

Morgan, Lewis & Bockius LLP and Sichenzia Ross Ference Kesner LLP are serving as legal advisors to SITO. MacKenzie Partners, Inc. is serving as SITO’s consent revocation agent and proxy solicitor.

About SITO Mobile Ltd.



SITO Mobile provides a mobile engagement platform that enables brands to increase awareness, loyalty, and ultimately sales. For more information, visit www.sitom

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SITO Mobile Launches Expanded Omni-Channel Real-time Verified Walk-In Data Service
Service Provides Full Transparency and 1-to-1 Location-Based Attribution for All Programmatic Marketing Campaigns Across All Media

https://globenewswire.com/news-release/2017/04/20/962677/0/en/SITO-Mobile-Launches-Expanded-Omni-Channel-Real-time-Verified-Walk-In-Data-Service.html

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SITO Mobile Comments on Preliminary Consent Solicitation Materials Seeking Control of SITO Mobile Filed By Stephen D. Baksa and Thomas Candelaria
No Stockholder Action Required at this Time

JERSEY CITY, N.J., April 13, 2017 (GLOBE NEWSWIRE) -- SITO Mobile Ltd. (NASDAQ:SITO), a leading mobile engagement platform, today confirmed that Stephen D. Baksa (“Mr. Baksa”) and Thomas Candelaria (“Mr. Candelaria”), which together own approximately 6.8% of the Company’s outstanding shares, have filed a preliminary consent solicitation statement with the U.S. Securities and Exchange Commission (“SEC”) indicating that they intend to solicit consents to remove all but one of the directors on SITO’s Board of Directors and replace them with their own hand-picked nominees. Messrs. Baksa and Candelaria have indicated in their filing with the SEC that they are not seeking to replace current SITO Board member Brent Rosenthal who Mr. Baksa has a previous association with.

SITO issued the following statement:

SITO’s Board and management team are committed to executing the Company’s strategic plan to drive enhanced stockholder value. SITO Mobile continues to grow revenue and will maintain its focus on current strategic initiatives, helping marketers to leverage its location-based targeting capabilities in combination with transparent real-time insights and measurement.

SITO noted that stockholders should be aware and concerned that Messrs. Baksa and Candelaria are attempting to take control of SITO’s Board and the Company without providing a detailed and credible plan as to how they would create long-term stockholder value.

SITO also noted that it found it curious that Messrs. Baksa and Candelaria are not looking to replace Mr. Rosenthal as a member of the SITO Board, but perhaps not completely surprising given the previous publicly-known past association and working relationship between Mr. Baksa and Mr. Rosenthal. In July 2016, Mr. Baksa and other investors had threatened a proxy contest at another public company that ultimately ended when Messrs. Baksa and Rosenthal, among other individuals, entered into a settlement agreement with the target. Pursuant to the agreement, Mr. Rosenthal was named to that company’s Board as one of the designees of Mr. Baksa and his fellow investors, and was also named chairman of the board.

Messrs. Baksa and Candelaria have jointly filed a Schedule 13D with the SEC with regard to SITO but, currently, they are the only parties thereto. As such, SITO can only surmise that, at this point, Messrs. Baksa and Candelaria have determined, after consultation with their securities counsel, that they have not formed a group with any other person or entity pursuant to Rule 13d-3 of the Securities Exchange Act of 1934.

SITO urges all SITO stockholders to refrain from taking any action (including returning any gold consent card sent by Messrs. Baksa and Candelaria) at this time. SITO’s Board, in consultation with its legal advisors, is carefully evaluating Messrs. Baksa and Candelaria’s proposals. SITO’s Board will advise SITO stockholders of its recommendation regarding the stockholder group’s solicitation in due course.

Morgan, Lewis & Bockius LLP and Sichenzia Ross Ference Kesner LLP

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JFK didn't want to thank you prematurely but now I thank you because today's news pretty much confirms a not too distant future buyout,although it don't state this all you gotta do is read between the lines. :)

SITO Mobile Confirms Receipt of Two Purported Notices of Director Nominations

JERSEY CITY, N.J., April 07, 2017 (GLOBE NEWSWIRE) -- SITO Mobile Ltd. (NASDAQ:SITO), a leading mobile engagement platform, today confirmed that it has received two purported notices of nominations from stockholders seeking to propose candidates for election to the five-member SITO Board of Directors at SITO’s 2017 Annual Meeting of Stockholders.

TAR Holdings LLC, an entity for which Karen Singer serves as the sole member, has indicated in its purported notice of nomination that it is seeking to nominate the following three director candidates to SITO’s Board of Directors: Steven G. Singer, Wayne Barr, Jr. and Richard Ramlall. Stephen D. Baksa has indicated in his purported notice of nomination that he is seeking to nominate the following five director candidates to SITO’s Board of Directors: Michael Durden, Itzhak Fisher, Thomas J. Pallack, Matthew Stecker and Thomas Thekkethala. Mr. Baksa is a former member of the SITO Board of Directors having served on the SITO Board from November 2011 to September 2014.

SITO, in consultation with its advisors, intends to review the purported notices of nominations that were submitted today to assess whether each purported notice of nomination complies with SITO’s Amended and Restated Bylaws and, accordingly, at this point, SITO is unable to confirm that either purported notice of nominations, as submitted, is in compliance with SITO’s Amended and Restated Bylaws.

SITO stockholders are not required to take any action at this time. The SITO Board will present its formal recommendation regarding director nominations in SITO’s definitive proxy statement to be filed with the Securities and Exchange Commission in connection with its 2017 Annual Meeting of Stockholders.

Morgan, Lewis & Bockius LLP and Sichenzia Ross Ference Kesner LLP are serving as legal advisors to SITO. Mackenzie Partners, Inc. is serving as SITO’s proxy solicitor.

[jfk]

Subs, congrats, you played this well.

[jfk]

Subs, too much drama here, but could still work out nicely for you.
put my money on a good story...akts..good stuff happening

[subslover]

jfk here are the earnings.Hope all has been well with you.

SITO Mobile Reports Fourth Quarter and Full Year 2016 Financial Results

Full Year Revenue $29.4 Million, Up 130% Year-Over-Year; Led by Media Placement Revenue of $28.9 Million, Up 138% Year-Over-Year

Q4 Revenue $7.5 Million, Up 34% Year-Over-Year; Led by Media Placement Revenue of $7.3 Million, Up 37% Year-Over-Year

JERSEY CITY, N.J., March 28, 2017 (GLOBE NEWSWIRE) -- SITO Mobile Ltd. (NASDAQ:SITO), a leading mobile engagement platform, today announced its unaudited results for the fourth quarter and full year ended December 31, 2016. Please note that financial statements have been prepared to reflect the discontinued operations and subsequent sale of SITO Mobile’s SMS (Wireless Applications) business.

Fourth Quarter and Full Year 2016 Business Highlights

TOTAL REVENUE: For Q4 was $7.5 million, an increase of 34% year-over-year. For the full year 2016, total revenue was $29.4 million, an increase of 130% year-over-year.
MEDIA PLACEMENT REVENUE: (SITO Mobile’s programmatic advertising revenue) For Q4 was $7.3 million, an increase of 37% year-over-year. For the full year 2016, Media Placement Revenue was $28.9 million, an increase of 138% from $12.1 million year-over-year.
GROSS PROFIT: For Q4 was $3.9 million (52% Gross Margin), up from $2.8 million (50% Gross Margin) in Q4 2015. For the full year 2016, Gross Profit was $16.1 million (Gross Margin 55%), up from $6.7 million (Gross Margin 52%), an increase of 141% year-over-year.

"Our 138% year-over-year growth in Media Placement Revenue, combined with our bullish outlook highlights the complete transformation SITO Mobile has made, from a declining SMS business to a fast-growing mobile media technology and data company,” said Rory O’Connell, Interim CEO of SITO Mobile.

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BRIEF-Stephen Baksa reports 4.8 pct stake in Sito Mobile Ltd as of March 17 - SEC filing

http://www.reuters.com/article/brief-stephen-baksa-reports-48-pct-stake-idUSFWN1GU0QF

[jfk]

OMG what a sh-- show. Not worth showing up for this mud fight, which could last a while. If the smart operational guys take off, there is nothing left here.

[subslover]

Jerry and the CFO were in cahoots in sucking out $$$$ straight into their Moe Ginzberg tailored slacks! In other SITO news - check this out https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11940775

[jfk]

Yup. Jerry probably had to disgorge his holdings, or the board could have threatened a bunch of legal actions. I am sure that Jerry had to reimburse and become an ex shareholder. (Jerry did possess a very well-appointed wardrobe). IMHO

[subslover]

Hope so. Maybe that will allow Jerry to free up the cash that he stole

SITO Mobile Names Interim CFO Lawrence Firestone
JERSEY CITY, N.J., March 16, 2017 (GLOBE NEWSWIRE) -- Today, SITO Mobile Ltd. (NASDAQ:SITO), a leading mobile engagement platform, announced that it has named Lawrence Firestone as Interim CFO.
Mr. Firestone has held numerous executive positions at both public and private companies. His experience includes over a decade of public company CFO experience with large technology companies.  For more background, please reference SITO Mobile’s website for Mr. Firestone’s biography. Kurt Streams has resigned as CFO. 
Following the resignation of former CEO Gerard Hug, the Audit Committee of the Board of Directors engaged an independent law firm and an accounting consulting firm to conduct an inquiry into the use of the company's charge and debit cards, as well as certain cash withdrawals. The ongoing inquiry identified the misappropriation of company funds by each of Streams and Hug.  The company is implementing changes and enhancements to its controls and procedures with respect to these matters.  
The findings from this review relate to expense items that have been recognized in the company’s financial statements.
“SITO Mobile’s Board of Directors takes a zero-tolerance approach on these matters and took prompt and decisive action,” said Rory O’Connell, SITO’s Interim CEO. “We look forward to putting this process behind us while SITO Mobile’s highly capable team focuses on the tremendous opportunities in location-based mobile media.”
The company also reiterates its previously announced media placement revenue expectation for the 4th quarter ended December 31, 2016.
Based on sales activity thus far in Q1 2017, the company remains confident that its Q1 Media Placement revenue will deliver strong growth over last year’s Q1 Media Placement revenue.
About SITO Mobile Ltd.
SITO Mobile provides a mobile engagement platform that enables brands to increase awareness, loyalty, and ultimately sales. For more information, visit www.sitomobile.com.

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SHAREHOLDER ALERT:
http://finance.yahoo.com/news/shareholder-alert-bronstein-gewirtz-grossman-150900352.html

http://finance.yahoo.com/news/sito-shareholder-alert-law-offices-170026651.html

http://finance.yahoo.com/news/robbins-arroyo-llp-sito-mobile-003200586.html

[jfk]

were the substantial part of her 9.9 bought from Jerry's holdings?

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Sito Mobile Ltd’s major shareholder, Karen Singer, acquired 28,318 company shares on March 09, 2017, worth about $53,080 (at $1.9 for a share). This acquisition, which was filled on March 09, 2017 was revealed in a filing with the SEC. Presently, Karen Singer has 2.10 million shares or 10%+ of the company’s total market capitalization.

[subslover]

Well she had 9.9% so this 30k put her 10.2%



Item 4.
OWNERSHIP: The reporting person has sole voting and dispositive power with respect to 2,100,718 of the reported securities as the sole member of Tar Holdings LLC.
 

(a)
2,100,718
 

(b)
10.2%
 

(c)
(i)    sole voting power: 2,100,718
 

(ii)
shared voting power: 0
 

(iii)
sole dispositive power: 2,100,718
 

(iv)
shared dispositive power: 0
 

[jfk]

open market just for the past week's buys (approx 30K shares) or the full 10% of company shares?

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FORM 4'S STATE OPEN MKT BUYS

[jfk]

did she buy up Jerry's shares?

[subslover]

TAR HOLDINGS CONTINUES TO BUY UP SITO STOCK

https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11920591

https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11920611

https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11920682

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News

http://www.nasdaq.com/press-release/sito-mobile-launches-sito-labs--a-data-as-a-service-daas-mobile-marketing-solution-20170309-00606

[subslover]

She certainly is connected in the sector and just might be our savor

Ok, we also have a couple class action law suites filed. The 1st one most likely forced Jerry out. A new one yesterday.

https://globenewswire.com/news-release/2017/02/23/927098/0/en/SITO-INVESTOR-ALERT-The-Law-Offices-of-Vincent-Wong-Notifies-Investors-of-Commencement-of-a-Class-Action-Involving-Sito-Mobile-Ltd-and-a-Lead-Plaintiff-Deadline-of-April-18-2017.html

https://globenewswire.com/news-release/2017/03/02/930191/0/en/SHAREHOLDER-ALERT-Bronstein-Gewirtz-Grossman-LLC-Notifies-Investors-of-Class-Action-Against-SITO-Mobile-Ltd-SITO-Lead-Plaintiff-Deadline-April-18-2017.html

[jfk]

Thanks for posting. Very interesting. This lady appears to be very shrewd. This could be a longer term opportunity...what if she combines this with another one of her 10% stakes in another digital/telecom company..SITO could still go lower, but good to know she is here and putting up a decent investment.

[subslover]

JFK = Don't throw in the towel. Here is the reason for today's volume spike. This is excellent to see here!

https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11902993

[subslover]

And by cutting the fat before a buyout! Jerry = gigantic fat salary $$

[jfk]

maybe, would be the right thing to do

[subslover]

I feel something is gonna happen soon.With all the gigantic volume yesterday and today things are going into new hands. Buyout merger imho

[jfk]

I'm done. Best of luck. Not worth the aggravation until the smoke clears.

[jfk]

Maybe. I am quite concerned, and have sold most of my position. They are handling this quite poorly. There may be more shoes that drop. I am in a wait and see mode. Could this go sub-$1? Who knows. I don't want to be a holder as it sinks. Might be a better approach to see some significant positive news before picking up this hot coal. Very bad job with the PR. They need a shareholder letter....and fast.

[subslover]

52 week low close $1.96 so your on track with your forecast. Looking for a $1.50 bottom

[jfk]

If the market dips, or if one of the following analysts puts a Hold/Sell out, then watch out below.
Wish I knew the real reason Jerry was given the boot. I had a sell order placed that day at $2.25 but it dropped too quickly. Still in there. If the Team sticks this through, this could be a great buy at $1.50-$1.75 on a swoon.

[subslover]

I'm very surprised it didn't crash the stock. Figured that would send it to $1.20 but I guess there is still time for us to see that level soon.

[jfk]

You nailed it. There is obviously something major league wrong here. Wish I knew what.

[subslover]

Like I was saying
BRIEF-SITO Mobile announces departure of CEO Jerry Hug

JERSEY CITY, N.J., Feb. 21, 2017 (GLOBE NEWSWIRE) -- Today, SITO Mobile Ltd. (NASDAQ:SITO), a leading mobile engagement platform, announced CEO Jerry Hug submitted his resignation which was accepted by the Board.  Current SITO Board Member, Richard “Rory” O’Connell, is the interim CEO. SITO’s Board of Directors has commenced a search for a permanent replacement.  
At the same time, the company also reiterates its previously announced media placement revenue expectation for the 4th quarter ended December 31, 2016.
SITO Mobile continues to grow revenue and will maintain its focus on current strategic initiatives, helping marketers to leverage its location-based targeting capabilities in combination with transparent real-time insights and measurement.  
Based on sales activity for the first six weeks of Q1 2017, the company is confident that its Q1 Media Placement revenue will deliver strong growth over last year’s Q1 Media Placement revenue.
In early 2017, SITO Mobile will introduce new data product offerings – creating new recurring revenue streams.   
SITO Mobile is scheduled to report its 4th quarter and full year results on March 28, 2017

[subslover]

Heads will roll for sure!