SIM.v/SYATF +.005 to C$.43 Siyata keeps saying Tier One Carrier approval for their 4G device is weeks away but they've been saying it for months!!
Originally Canadian approval was guided for 1/18 but that was revised to 8/18 a few months ago. Hmmmm 8/18 is gone. BUT hope springs eternal. They say third party testers had to redo software to test their devices and that caused the delay. It's been over a year since they submitted the devices to Bell Canada and AT&T. Company maintains that the carriers are hungry for their devices because it represents a new source of revs to them. They announced a second US carrier has started testing their device.
What will happen when the devices finally get approved? Sales should zoom. Company says sales should double in 2019 to 35 to 40 million and continue ramping to $100million/yr range. Large market for devices and no competition in sight. BUT those pesky approvals haven't come.
Here is a paid interview of CEO on Capital Ideas to keep me hanging on.
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If the Commodities Boom is Over, I am just a Gold Bug headed for the Windshield of LIFE
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