bci23 Posted March 29, 2017 Share Posted March 29, 2017 No offense, but that's a pretty unsatisfactory answer. If you do this for a living, by managing a fund, then you certainly may have an obligation to know what's happening at the meeting, may have the funding to do so, and certainly have the time to do so. Other passive investors, who might have 10,000 invested in this company can't justify the expense of 500-1000 of doing that trip, or may not have the time. With current technology, it's very cost efficient to webcast this sort of thing, and it should absolutely be offered by all companies whose shareholders can't all attend. Why are you holding SYTE to a different standard when literally 99.99% of companies don't webcast the annual meeting? Link to comment Share on other sites More sharing options...
rkbabang Posted March 29, 2017 Share Posted March 29, 2017 No offense, but that's a pretty unsatisfactory answer. If you do this for a living, by managing a fund, then you certainly may have an obligation to know what's happening at the meeting, may have the funding to do so, and certainly have the time to do so. Other passive investors, who might have 10,000 invested in this company can't justify the expense of 500-1000 of doing that trip, or may not have the time. With current technology, it's very cost efficient to webcast this sort of thing, and it should absolutely be offered by all companies whose shareholders can't all attend. Why are you holding SYTE to a different standard when literally 99.99% of companies don't webcast the annual meeting? I agree. That is why I asked the question, but didn't criticize the answer. The vast majority of companies don't do this. I wish they did though. It is almost a zero cost to do this in 2017. Link to comment Share on other sites More sharing options...
mrholty Posted March 29, 2017 Share Posted March 29, 2017 I've gone to a number of meetings in person. Leading up to the events I have often second guessed "is it worth it?" The answer is this. There hasn't been a single annual meeting that I've attended that I've regretted attending. As for the value of the information. You can learn about 1/10th of a company from their SEC filings (this is generous), and somewhere between 3/10 and 1/4th from talking to people at the company. My experience has been phone conversations are a lot less productive compared to an annual meeting. With a phone call you're interrupting their day. At the annual meeting they have carved out time to stand around and talk, exactly what you need. There are usually a lot of employees at these things too. For those of you into scuttlebutt this is a gold mine. Where else can you go and just stand around drinking free crappy coffee, eating giant cookies and asking people "why do you manufacture the way you do? What other approaches have you explored? How do your competitors do it?" and have employees answer candidly and constructively. There has been more than one occasion where my pre-conceived notion of a company from their financials was shattered with a short conversation with management. Once they let me in on the secret I realized that it would be almost impossible to triangulate their business just from reports. Oh and lastly the networking. These things are great for networking. I should state my biases here too. I'm an extremely extroverted person, I love to talk and love meeting people. You need to go up to people and start conversations for there to be value. You can't stand around and wait for the party to happen to you, you need to make it happen. But if you enjoy that stuff, and can get a conversation rolling then you'll do fine. I'm mostly a lurker nowadays. But I have to agree with this 100%. I have been to 3 shareholder meetings in my life. I've posted how I let greed on 1 investment kill me and then 2 subsequent investments cause me chase and double down on bad investments. One of those I went to the Shareholder meeting, met with a bunch of small investors like myself and had a great time and discussions. Mgmt of this small cap knew that they were going to get a group of small investors so really put on a good show. Some of us were extremely impressed - I was not. I saw a factory floor that looked out of date and no production. The Q&A with management was odd too. I didn't like the story as it didn't match with what I saw and the staff body language didn't quite hold. On my flight home my gut told me to get out and I sold 30% the following week. Then I listened to kool-aid and got sucked back into the story. The only thing that had kept me in the stock was a discussion with an engineer who had left a year before. He told me at the shareholder meeting that the technology worked but that he left because he didn't like the CEO but he still held his options. Over the next few years I learned that he was right but that the engineering team after he left somehow made the final product worse than when he was there. A complete shit show. If you are ever on the fence, go. Link to comment Share on other sites More sharing options...
TBW Posted April 5, 2017 Share Posted April 5, 2017 Last year there was a meet-up for all shareholders and non-shareholders the night before the SYTE shareholder meeting in Charlotte. A great group of people gathered and we had a lot of fun. A fellow shareholder and I want to organize something similar this year on Sunday May 21st. We are hoping to make this dinner an annual event. Please note, this is an unofficial event and not organized or affiliated with SYTE. If you are interested, please fill out your details here http://sytedinner.com/. Once we get a sense of numbers, we will pick a suitable spot, and email everyone the details. Hope you can join us. If you have any additional questions please PM me. Link to comment Share on other sites More sharing options...
rkbabang Posted April 27, 2017 Share Posted April 27, 2017 The SYTE Sweatshirt https://www.rageon.com/products/syte-sweatshirt And this: https://www.rageon.com/a/users/sytecorps Link to comment Share on other sites More sharing options...
gfp Posted April 28, 2017 Share Posted April 28, 2017 Regulatory trading halt at the moment it seems. News pending? Link to comment Share on other sites More sharing options...
InelegantInvestor Posted April 28, 2017 Share Posted April 28, 2017 On the OTC markets site... Notice: Due to a Market Data Feed Issue, FINRA has halted 271 Securities. Trade and quote data is not being updated on www.otcmarkets.com for these securities. We will provide an update when this issue has been resolved. Link to comment Share on other sites More sharing options...
TBW Posted May 10, 2017 Share Posted May 10, 2017 Just a reminder to those attending the SYTE annual meeting there will be a dinner/meetup the night before. There have been a decent amount of people who have signed up. If you want to join us please let us know here http://sytedinner.com/ so we have a sense of numbers and can book an appropriate spot. Hope to see you all in Charlotte Link to comment Share on other sites More sharing options...
rkbabang Posted May 16, 2017 Share Posted May 16, 2017 1Q earnings are out. At a quick glance it looks like all segments except real estate were profitable. Earned $0.00067 per share. https://www.otcmarkets.com/stock/SYTE/filings Link to comment Share on other sites More sharing options...
Read the Footnotes Posted May 16, 2017 Share Posted May 16, 2017 Just a reminder to those attending the SYTE annual meeting there will be a dinner/meetup the night before. There have been a decent amount of people who have signed up. If you want to join us please let us know here http://sytedinner.com/ so we have a sense of numbers and can book an appropriate spot. Hope to see you all in Charlotte Thank you, TBW, for the excellent organization of this event. Link to comment Share on other sites More sharing options...
rkbabang Posted May 18, 2017 Share Posted May 18, 2017 Anyone know what "fund advisory services" entails? Sitestar's Asset Management Subsidiary Partners with Bridge Reid "Sitestar Corporation (OTCQB: SYTE) today announced an agreement between Sitestar's Asset Management subsidiary, Willow Oak Asset Management, LLC, and the General Partner of Bridge Reid Fund I, LP to provide Bridge Reid with fund advisory services. Bridge Reid will continue to be managed by its General Partner members, Michael Bridge and Nathan Reid." Link to comment Share on other sites More sharing options...
Gamecock-YT Posted May 21, 2017 Share Posted May 21, 2017 Looking forward to seeing everyone tomorrow night! Link to comment Share on other sites More sharing options...
willward1 Posted May 24, 2017 Share Posted May 24, 2017 SO... how did the meeting go down? Link to comment Share on other sites More sharing options...
nomeansum Posted May 26, 2017 Share Posted May 26, 2017 I would very much appreciate it if anyone could link to meeting notes or commentaries etc. I was out of the country and could not attend :( Thanks! Link to comment Share on other sites More sharing options...
gurpaul88 Posted May 26, 2017 Share Posted May 26, 2017 I'd be curious to know more about the fund Kieth will be running, if he would care to chime in! :D TIA. Link to comment Share on other sites More sharing options...
Packer16 Posted May 27, 2017 Share Posted May 27, 2017 PM me if you are interested in the fund & I can provide you info & discuss. Thanks. Packer Link to comment Share on other sites More sharing options...
gfp Posted June 3, 2017 Share Posted June 3, 2017 It appears that first.com was sold to a Chinese company. Did I miss an announcement of that or is this a new development? Link to comment Share on other sites More sharing options...
TBW Posted June 4, 2017 Share Posted June 4, 2017 That is news to me. Where did you see that? Any mention of how much it was sold for? Link to comment Share on other sites More sharing options...
gfp Posted June 4, 2017 Share Posted June 4, 2017 I saw it by typing in first.com into an internet browser. edit: the site appears to be a go daddy type domain name registration company if I am understanding it correctly That is news to me. Where did you see that? Any mention of how much it was sold for? Link to comment Share on other sites More sharing options...
rkbabang Posted July 13, 2017 Share Posted July 13, 2017 Keith Smith and Willow Oak Asset Management Announce the Launch of the Bonhoeffer Fund Also if anyone has any info, notes, or anything they'd like to share about the shareholders meeting back in May I'd appreciate reading about it. Thanks. Link to comment Share on other sites More sharing options...
NoCalledStrikes Posted July 13, 2017 Share Posted July 13, 2017 Registrar HICHINA ZHICHENG TECHNOLOGY LTD. First.com DNS record updated: Updated Date 2017-04-21T15:13:09Z Link to comment Share on other sites More sharing options...
gfp Posted August 8, 2017 Share Posted August 8, 2017 Results out. First.com sold for $200k net of commission vs $200k cost basis. https://www.sec.gov/Archives/edgar/data/1096934/000156459017016023/syte-10q_20170630.htm https://www.sec.gov/Archives/edgar/data/1096934/000156459017016024/syte-ex991_6.htm I saw it by typing in first.com into an internet browser. edit: the site appears to be a go daddy type domain name registration company if I am understanding it correctly That is news to me. Where did you see that? Any mention of how much it was sold for? Link to comment Share on other sites More sharing options...
InelegantInvestor Posted August 8, 2017 Share Posted August 8, 2017 "The HVAC Operations team continues to harmonize the acquisition entities" New A Capella business line? Link to comment Share on other sites More sharing options...
rkbabang Posted August 8, 2017 Share Posted August 8, 2017 "The HVAC Operations team continues to harmonize the acquisition entities" New A Capella business line? There is nothing worse than unmellifluous HVAC acquisition entities. Link to comment Share on other sites More sharing options...
LightWhale Posted August 28, 2017 Share Posted August 28, 2017 Any reason why the stock is up 22% today? Link to comment Share on other sites More sharing options...
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