$Siyata Mobile Inc.(SYTA)$ The

The company's financial situation is critical, nearing bankruptcy. With a quarterly cash burn rate of $5.5 million and only $2.65 million on its balance sheet as of June 30, plus nearly $4 million raised two months ago, it now has about $1.5 to $2 million available. This amount is projected to be completely exhausted by the end of this quarter.

As a result, the company will likely need to execute a substantial dilution for the second time in just three to four months to ensure its survival. Given these circumstances, the stock price is expected to drop to approximately $0.50, reflecting the reality of its financial struggles.

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