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I hear ya brotha, the next week is bound to be interesting glty
It's definitely not encouraging or reassuring that no updates on the July 31st Ostendo closing deadline have been disseminated...but who the heck knows how/why the share price is continuing to hold strong despite no clarity on that extremely relevant front glty
No denying that someone's keeping it here and I very much doubt its ihub lol
You know I'm a firm believer in btc, eth and all crypto Mic, so hopefully all the players behind the scenes have everything figured out to prove the Ostendo value is going to be officially on the books prior to next weeks r/s
Yes ty for the correction DUS
Oops thanks for the correction Deano as it's next Wednesday not Monday sorry!
Tsunami is coming. Build your high ground with shares.
Yep
Not every project is a flippers dream, but there are a few I don't think you'll ever be disappointed to put ETH into.@BoredApeYC @cryptopunksnfts @Ghxsts
— Starfall (@starfall_eth) August 9, 2022
A lot of fringe projects after that.
Patients dog, been trading sideways for over a month.
And the deal is based on ETH. The price of Ethereum (ETH) today is $1,843.10 USD, which has increased by 679.73 (58.43%) over the last 1 month. The total number of ETH coins in circulation stands at 121,907,774 and $903,159,894 USD has been traded for the ETH/USD pair across exchanges over the last 1 month.
I’m sure this has to be put into perspective concerning the deal.
Very reassuring lol…..
Not Monday...Wednesday (17th)
Meeting is not Monday . 17th
Zero updates or clarity provided by SYSX since the stated Ostendo closing date of July 31st came & went.
Buuuuuuuuuut it's definitely surprisingly holding up well considering the shareholder wipeout r/s vote is monday glty!
Even if true Mic, then at best the whole never ending changes/delays/extensions in closing Ostendo will have been proven to be nothing more than a smokescreen for them to initiate their massive reverse split crucifixion on monday right.
I'm surprised that this is even holding up so well with the total shareholder wipeout reverse split vote coming on monday and ZERO clarity whatsoever on the status of the lonnnnnnng delayed Ostendo closing.
Maybe Bigger is propping it up and protecting the low .02's who knows glta
Not true dozendogs, as SYSX is overdue updating the market on what happened to their own self imposed deadline on Ostendo of July 31st ok.
CEO had properly disclosed 3 possible outcomes ie: the closing, another extension or an outright termination...yet he's failed to bother informing the market on any of the 3 potential outcomes glty
Normally there's a "control block" of preferred shares with super voting rights buuuuuuuuuut if memory serves renee or another vet said they couldn't find any such preferred shares in SYSX fins k.
So the only way for them to initiate any changes to the share structure is via the proxy vote path k brother.
I'm sure they do have enough votes to approve the r/s on monday regardless just based on how many shares Bigger and others already have though...but we'll soon see.
Baffling how the CEO remains silent on the overdue Ostendo closing however...especially with the reverse split vote now only 2 and a half trading days away right!
Correct me if I’m wrong but I think that’s what I’m saying
(3) months after the date of the execution thereof unless mutually extended in writing.
99.2 Amendment No. 1 to Heads of Terms, dated June 10, 2022.
The date “May 24, 2022” in the section of the Heads of Terms entitled “Closing” is hereby amended to be “June 30, 2022.
Did you miss this part that would essentially make it September 31 if I’m not mistaken
I agree, but that's how they filed it.
Np, just found out.
thats BS. Deal closure is a major material event. 8-K should have been issued.
Thank you, I didn’t know that.
They don't need to file an update. Under, Item 8.01, a filing is exempted.
https://stocktwits.com/cancuncorncob/message/477382405
My apologies.
8-K 07/25/2022 07/25/2022
8-K 07/07/2022 06/30/2022
8-K 06/22/2022 06/10/2022
Somebody please tell me what’s wrong with this picture.
Wow, that’s like twilight zone chit.
I responded to this false information.
-Form 8-K Filed Late, Investor Reactions: Investor reactions are likely to be neutral or negative. Late filing could be seen as a sign of poor management or intentionally hiding information. Investors may pull out or become wary of making additional investments.
-Form 8-K Filed Late, SEC Action: Late filing will likely result in administrative action. The severity of the penalties depend on the reason for filing late and when the report was eventually filed. Fines are typical. For severe cases, a company's Exchange Act registration may be revoked.
-Form 8-K Filed Late, Stock Exchange Action: NYSE and NASDAQ require late filers to issue a press release announcing their failure to issue a timely report. This could harm your share price or reputation. Egregious or repeated violations may result in delisting.
-Form 8-K Not Filed: If Form 8-K is not filed, it will be viewed similarly to a late filing. The penalties will likely be higher. Penalties may be mitigated if an event's materiality is arguable
Monday Tuesday could be huge gains - chart
did I not read company is a chip maker/semi conductor maker as well as Americas largest ETH miner?
we'll see..
SYSX
Not necessarily, there are exceptions as
Others pointed out
And I like this scenario :)
I've been saying it for the longest time. The company can easily issue just one of their unissued 'blank check' preferred shares and they will win the vote. However they did not issue it before 27 May so it does not count. This is one of the many signs that they do not want the proposals to go through.
Im quite amazed we are holding up in the 02’s. There is not one scenario where management is doing what is right at the moment. Last 8-K; July 31st closing. We are late on the next filing.
The smart play is to sit and wait. It frustrates the hell out of me as I am sure it does to all the ones who have been in this long before me...but at this point it’s boom or bust. This could set some up for retirement if it plays out right and if it doesn’t grab what you can on the way out...plain and simple. $$$
Well it’s a interesting situation we have then … sit a wait for updates and PR ..
there is no volume! almost nobody is trading this, except a few flippers. $100K total for the day traded. this is ~78 times lower volume when compared to when this was running. we were trading $7.8M (!!) per day back then. Lack of volume last 10 days = lack of confidence in this management.
if some of the heavy positions wanted to get out - they couldnt!
LOL. Poor flippers are active by 1 - 2 ticks.
issue preferred shares=get majority vote
the word is other companies in nevada have done this in similar situation.
can they issue preferred shares to get majority vote and approve AS increase and RS? the co is incorporated in nevada….
are you serious ?!? LOL you are posting outdated information…. if you can not even find a most current 8-k …i don’t know what to tell ya.
With ETH now at 1700's, I wonder if we are the hold up? Value increasing again.
Has Ostendo closed? works in the bakround ongoiing ... interesting to see vhat happens here now.
But they want to help us! LoL! I have had that person ignored for some time now. It's a much cleaner board with the ignore. :)
Yep it's bs and also because there are exceptions to the 4 day 8k filing rule. As posted previously.
Some people just can't help themselves
Stop posting BS
The date “May 24, 2022” in the section of the Heads of Terms entitled “Closing” is hereby amended to be “June 30, 2022.
https://www.sec.gov/Archives/edgar/data/0001737372/000121390022034321/ea161925ex99-2_sysorexinc.htm.
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