Arquitos Capital Partners, Lp Purchases 60,000,000 Shares of Sitestar Co. (SYTE) Stock

Arquitos Capital Partners, Lp Purchases 60,000,000 Shares of Sitestar Co. (SYTE) Stock

Sitestar Co. (OTCMKTS:SYTE) CEO Arquitos Capital Partners, Lp purchased 60,000,000 shares of the company’s stock in a transaction on Wednesday, February 1st. The stock was bought at an average price of $0.05 per share, for a total transaction of $3,000,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Sitestar Co. (OTCMKTS:SYTE) opened at 0.084 on Monday. The firm’s market capitalization is $15.98 million. The stock has a 50 day moving average price of $0.05 and a 200 day moving average price of $0.04. Sitestar Co. has a 12-month low of $0.03 and a 12-month high of $0.07.

Sitestar Company Profile

Sitestar Corporation, formerly Interfoods Consolidated, Inc, is an Internet service provider (ISP). The Company operates through three segments: Internet, Real estate and Corporate. The Company’s Internet segment provides Internet access to customers throughout the United States and Canada. The Company’s Real estate segment invests in, refurbishes and markets real estate for resale.

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