This information was all included at the end of a long post earlier today, but, in retrospect, I buried the lede. So here it is again, on it’s own. Sitestar(SYTE) borrowed money from CEO Frank Erhartic’s mother at an interest rate that was 8% in one filing and 10% in one much later. At both times, prevailing interest… Read More »
I hesitated for a long time before posting about Sitestar(SYTE) yesterday. Now that I have, I am gratified by the response. I have been contacted by a number of Sitestar shareholders, representing a significant ownership % of the company. Every one of them shared my concerns. It would appear that the only shareholders who don’t agree are the… Read More »
I’ve been hesitant to publicly speak about Sitestar(SYTE). With a market cap of under $3MM and 50% held by directors, it’s too thinly traded to be relevant to most investors. I also have no intent or interest to move the stock price in the short term. I personally have a relatively large position, comprising between 1 and 2%… Read More »