Author Topic: SYTE - Enterprise Diversified  (Read 210578 times)

rkbabang

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Re: SYTEE - Sitestar
« Reply #90 on: April 26, 2016, 12:54:02 PM »
Anyone else notice that the symbol has changed from SYTE to SYTEE, it appears to have changed on April 19th, although the investor relations page says nothing about it?

http://www.otcmarkets.com/stock/SYTEE/quote

http://www.otcmarkets.com/market-activity/symbol-changes?search=SYTE&searchType=symbol

« Last Edit: April 26, 2016, 12:56:05 PM by rkbabang »


nodnub

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Re: SYTEE - Sitestar
« Reply #91 on: April 26, 2016, 03:44:42 PM »
Anyone else notice that the symbol has changed from SYTE to SYTEE, it appears to have changed on April 19th, although the investor relations page says nothing about it?

http://www.otcmarkets.com/stock/SYTEE/quote

http://www.otcmarkets.com/market-activity/symbol-changes?search=SYTE&searchType=symbol

I googled "otcbb e suffix" and found this -->   https://www.sec.gov/answers/eadded.htm


When a company that trades on the Nasdaq Stock Market or the Over-the-Counter Bulletin Board (OTCBB) falls behind in its reporting obligations with the SEC, the letter "E" is appended at the end of the company's stock ticker symbol. New York Stock Exchange-listed companies that are late in filing required reports to the SEC have the initials "LF" added to the end of their stock ticker symbol.

Markets have different approaches to companies that don't file required reports in a timely manner, or that file incomplete reports. For instance, on the OTCBB, after the "E" is added, the company is given a "grace period" to submit a complete report, typically 30 calendar days for U.S. companies and 60 calendar days for most U.S. banks and non-U.S. companies. If the company files complete required reports during the grace period, the "E" will be removed; if it does not, the company's stock symbol will be removed from trading on the OTCBB. For more information, please read the following:


another perspective here:
http://www.mjwstout.com/what-does-an-e-suffix-mean-for-an-otcbb-trading-symbol/

rkbabang

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Re: SYTE - Sitestar
« Reply #92 on: April 27, 2016, 05:00:54 AM »
Anyone else notice that the symbol has changed from SYTE to SYTEE, it appears to have changed on April 19th, although the investor relations page says nothing about it?

http://www.otcmarkets.com/stock/SYTEE/quote

http://www.otcmarkets.com/market-activity/symbol-changes?search=SYTE&searchType=symbol

I googled "otcbb e suffix" and found this -->   https://www.sec.gov/answers/eadded.htm


When a company that trades on the Nasdaq Stock Market or the Over-the-Counter Bulletin Board (OTCBB) falls behind in its reporting obligations with the SEC, the letter "E" is appended at the end of the company's stock ticker symbol. New York Stock Exchange-listed companies that are late in filing required reports to the SEC have the initials "LF" added to the end of their stock ticker symbol.

Markets have different approaches to companies that don't file required reports in a timely manner, or that file incomplete reports. For instance, on the OTCBB, after the "E" is added, the company is given a "grace period" to submit a complete report, typically 30 calendar days for U.S. companies and 60 calendar days for most U.S. banks and non-U.S. companies. If the company files complete required reports during the grace period, the "E" will be removed; if it does not, the company's stock symbol will be removed from trading on the OTCBB. For more information, please read the following:


another perspective here:
http://www.mjwstout.com/what-does-an-e-suffix-mean-for-an-otcbb-trading-symbol/


Thanks for the info.

OracleofCarolina

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Re: SYTE - Sitestar
« Reply #93 on: June 14, 2016, 10:46:32 AM »
http://www.otcmarkets.com/stock/SYTE/news

interesting news out today on Sitestar.

ratiman

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Re: SYTE - Sitestar
« Reply #94 on: June 15, 2016, 04:19:27 AM »
HVAC value fund? This should be very entertaining. Good luck/condolences to the longs.

Travis Wiedower

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Re: SYTE - Sitestar
« Reply #95 on: June 15, 2016, 05:42:38 PM »
HVAC value fund? This should be very entertaining. Good luck/condolences to the longs.

Lol my reaction wasn't much different, I actually thought I read it wrong at first. Alternatively, I'd say these guys are smart and have their own money invested so there's probably value there.
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oddballstocks

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Re: SYTE - Sitestar
« Reply #96 on: June 15, 2016, 06:27:02 PM »
HVAC value fund? This should be very entertaining. Good luck/condolences to the longs.

Lol my reaction wasn't much different, I actually thought I read it wrong at first. Alternatively, I'd say these guys are smart and have their own money invested so there's probably value there.

Knowing both Steve and Jeff I'd say it's the later.
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Jurgis

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Re: SYTE - Sitestar
« Reply #97 on: June 15, 2016, 08:12:54 PM »
We'll see how this works out.

But I've seen this pattern in other places and I can't say I like it. Activist "good guys" gain control of (usually small) company to fix it/redirect it/improve it. Then there's silence. Then they go into some weirdo tangent deals without explanation or with "hey this is the best thing since sliced bread" sales pitch that doesn't seem very convincing. Then ... Then ... I'd like to say "profit"... but so far I'm not so sure.

I'll do Buffett "criticize in general" this time and won't name any names. Get back in 3-5 years. ;)
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InelegantInvestor

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Re: SYTE - Sitestar
« Reply #98 on: June 22, 2016, 07:51:49 AM »
We'll see how this works out.

But I've seen this pattern in other places and I can't say I like it. Activist "good guys" gain control of (usually small) company to fix it/redirect it/improve it. Then there's silence. Then they go into some weirdo tangent deals without explanation or with "hey this is the best thing since sliced bread" sales pitch that doesn't seem very convincing. Then ... Then ... I'd like to say "profit"... but so far I'm not so sure.

I'll do Buffett "criticize in general" this time and won't name any names. Get back in 3-5 years. ;)
Jurgis hits the nail on the head, except I will name names. Now that they are management, Jeff and Steven have begun behaving in exactly the ways they previously railed against. This is a public company, with public shareholders. The lack of disclosure is incredibly troublesome. I would love to hear from other shareholders who agree with me. Please message me here, or leave a feedback at inelegantinvestor.com, where I hope to have posted a more detailed set of concerns in the next few days.

gfp

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Re: SYTE - Sitestar
« Reply #99 on: June 22, 2016, 08:15:50 AM »
I get your point - but it does appear that they are working as hard as possible to get the SEC filings correct and out and then have an annual meeting to drastically increase disclosure.  I am willing to give them the benefit of the doubt as they took on a total mess of a company.  It honestly couldn't be any worse than previous management