Cityside (PINK:CIST) has a big mouth when presenting themselves, but apart from saying “we’re gonna take a piece of the $8 billion ticket selling industry” they have nothing else to present. If you follow this CIST stock, you might have seen their CEO talk on FOX. That guy didn’t answer a single question!
Last time I checked you didn’t need to get public if your target was to build a business for acquisition. But the company is actually positioning themselves as acquisition target, according to the email promotions out there.
These guys don’t have an outstanding and innovative product, and that’s why they don’t attract private investments. Taking money from stock selling is a common practice, but that dilutes the existing shareholders and in this case it’s even hard to tell what they do with the funds they get.
Check out how Cityside got their name out there: