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Latest SITO News From Around the Web
Below are the latest news stories about Sito Mobile Ltd that investors may wish to consider to help them evaluate SITO as an investment opportunity.
SITO Mobile, Ltd. (OTC: SITO) announced today that it and its wholly-owned subsidiary, SITO Mobile R&D; IP, LLP, have filed complaints against Hulu, LLC and FloSports, Inc. for the infringement of SITO's streaming media patents. The patents-in-suit relate to key features in wide use by many of today's media streaming services.
SITO Mobile Announces Receipt of a NASDAQ Notice of Deficiency in Compliance with Certain Listing Rules
As a result of a delay in completing its Quarterly Report on Form 10-Q, the Company no longer complies with the Listing Rules (the “Rules”) for continued listing. Under NASDAQ Rules, the Company now has 60 calendar days to submit a plan to regain compliance and if the NASDAQ accepts SITO’s plan, it can grant an exception of up to 180 calendar days from the Filing’s due date, or until May 18, 2020, to regain compliance.
SITO Mobile, Ltd. (SITO) (the “Company” or “SITO”), an insights-driven Consumer Behavior and Location Sciences™ company, today announced that it intends to postpone its Annual Meeting of Stockholders, scheduled for 10 a.m. ET on Friday, November 15, 2019 at the offices of Pepper Hamilton LLP, The New York Times Building, 620 Eighth Avenue, 37th Floor, New York, New York, based on communication from the Securities and Exchange Commission (the “SEC”) that it intends to and is in process of reviewing the definitive proxy materials submitted by SITO. Proxy statement Proposal No. 2, regarding the issuance of shares of Company common stock in its all-stock acquisition of MediaJel, Inc., is the only proposal in the definitive proxy materials subject to review.