A Value Creation Event that you surely won’t want to miss

December 13, 2024

DENVER, Colo., Dec 13, 2024 (247marketnews.com)- Siyata Mobile (NASDAQ: SYTA), AT&T (NYSE: T), T-Mobile (NASDAQ: TMUS), Apple (NASDAQ: AAPL), Sony (NYSE: SONY), and EVgo (NASDAQ: EVGO)

In the world of high frequency trading and neck braking stock market moves, if one can silence the noise and read the tea leaves, there is no easier layup than when a company tells you a wealth creation event is on the horizon.

Siyata Mobile (NASDAQ: SYTA) plans on hosting a Press Conference, this month, to cover an “Important Corporate Development” and considering that some of Siyata’s recent accomplishments, the event must be something special.

Some of Siyata’s recent events that weren’t big enough to warrant a press conference include * Record revenue growth, as SYTA more than tripled its year-over-year third quarter revenue * Achieving stocked status at top carriers, including AT&T (NYSE: T) and T-Mobile (NASDAQ: TMUS), a key business milestone that’s typically reserved for device leaders like Apple (NASDAQ: AAPL), Samsung, LG, and Sony (NYSE: SONY), which set a new 52-week high of $22.71 * Rolling out new cutting-edge technology.

  • With its reported outstanding share count being approximately 4.1 million, yesterday’s volume indicates that the average share already passed hands more than 7 times, or that there is a massive short that could squeeze.
  • Considering that many shareholders are probably excited to learn about this development, it’s hard to believe that most shareholders sold and if that’s the case, the shares available to flip can’t address the volume needed to cover the shorted shares.
  • Logic dictates that the shorters are expecting to be bailed out, again, as when Siyata was midstream in its stocked status efforts it was forced to issue additional shares to pay to reach the other side, but that’s no longer the case.

Siyata’s improved fundamentals includes its new shareholder friendly $7 million equity line of credit (ELOC) that allows Siyata to incrementally access capital, which minimizes dilution and preserves shareholder value, by removing the shorter bailout mechanism.

“Siyata is in the best position it’s been in since our company’s inception, as our capital expenditures have directly improved all performance metrics, and we look forward to delivering continued successful results. Please tune into our upcoming press conference, which will highlight a next level shareholder value creation event that you surely won’t want to miss,” said Marc Seelenfreund, Siyata’s CEO.

If my short thesis is wrong, shareholders should still see upside from the new initiative unveiling, but if my short thesis is right, there’s some resistance to almost the $3 range, then the volume weighted resistance appears to jump to around $12 and nearly $25.

EVgo (NASDAQ: EVGO) is hosting a live audio webcast and conference call today at 5 p.m. EST, to cover details of its $1.25 billion guaranteed loan facility from the U.S. Department of Energy Loan Programs Office (“LPO”), under its Title 17 Clean Energy Financing Program to support EVgo’s plans to build 7,500 new fast electric vehicle charging stalls nationwide.

Badar Khan, EVgo’s CEO, stated, “As one of the nation’s leading public fast charging providers, we are well-positioned to deploy the infrastructure needed to support both current and future domestic investments in transportation electrification. This public-private partnership will help us continue to scale our operations to serve the influx of vehicle options that will be available to American consumers in the coming years.”

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