Single Touch Systems Inc. (SITO.OB)

Tastylunch (99.67) Submitted: 1/6/2009 2:11:19 PM : Start Price: $2.20 SITO.OB Score: +10.68

Reload!They have two million in assets and a 175 million market cap.two cruddy companies are in the process of a mergeroh and my favorite bit in the filings"We were incorporated on May 31, 2000 to provide businesses with a variety of Internet services including web hosting, web consulting and electronic mail services. Given the Internet business environment at that time, we never commenced material business operations in this area, never had any operating revenues, and subsequently concluded that our business model was not valid. "Nicemaybe some day they will have a business worth buying, but this , whatever this is, is certainly not worth 100 + million market cap