Single Touch Systems Inc (NASDAQOTCBB:SITO)

CAPS Rating: 1 out of 5

Recs

2
Player Avatar soho48 (92.67) Submitted: 8/9/2010 6:24:15 PM : Outperform Start Price: $1.07 SITO Score: -145.45

Strong ramp up of revenues, new companies signing up with company.

Member Avatar placeholder (< 20) Submitted: 11/12/2010 11:49:06 PM
Recs: 1

Blah blah...PR garbage. This company has been around for over a decade, has dabbled in a dozen businesses, and has failed at all of them. Macaluso is close to broke, so no more big loans coming to the company. Their loans are coming due (some from Medical Capital Holdings which is under SEC and DOJ investigation). The big deployment announcements are just that - announcements. They don't have the technology, people, or products to actually do anything (what ever happened to the nextel mexico deployment? the mobile terminal deployments? the branded phone business? nothing....zero....)

This company is great at making announcements... but in reality it is a shell that is worthless at best, and a trainwreck at worse.

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