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SYSX
Sysorex Inc.
248
Follow
248
SYSX
Sysorex Inc.
248
Follow
248
Likes Subject
Older
It's a tough penny market. It's very hard Lime Time 05/27/23 4:53 PM
Ok. Thanks drop by lime! Best luck to JusDePomme 05/27/23 3:07 PM
Hey hey hey cmon nao RKhan2011 05/25/23 9:49 AM
well what caught your attention to this little dozendogs 05/25/23 9:41 AM
SYSX is delinquent on SEC filings. Lime Time 05/25/23 2:00 AM
Maybe RS will be cancelled ??? RKhan2011 05/23/23 4:23 PM
Red in Penny market every where.....we are not JusDePomme 05/23/23 2:41 PM
Let’s hope so , I got in before slipihiv 05/23/23 1:44 PM
Every stock will have its day! Sysx will.....soon JusDePomme 05/23/23 1:41 PM
$sysx volume is “1” wth is goin on RKhan2011 05/23/23 10:26 AM
And filled just as I wuz typin. GL to RKhan2011 05/19/23 10:05 AM
Sell em to me baby!! Slapped 2.7mil aks RKhan2011 05/19/23 10:04 AM
Any news about RS? Name change? I think RKhan2011 05/18/23 11:08 PM
Thanks so they are Pink and they have Teddytropics 05/18/23 10:45 AM
If that rule applied, then thousands of companies dozendogs 05/18/23 3:27 AM
Non sense JusDePomme 05/18/23 1:18 AM
Only one way to find out! Did you sell? dozendogs 05/17/23 7:17 PM
Umm… obviously not mine. Wasn’t selling. Btw, I cancelled RKhan2011 05/17/23 3:10 PM
Ahh! I love straight answers.. Teddytropics 05/17/23 1:05 PM
Go do Ur dd on it! What deadline JusDePomme 05/17/23 12:47 PM
Thanks for the info. Teddytropics 05/17/23 12:36 PM
So what is the beef? Teddytropics 05/17/23 12:33 PM
180 days....Rule 15c2-11 permits additional time (180 days) JusDePomme 05/17/23 11:26 AM
They should have been placed into EM if dozendogs 05/17/23 1:30 AM
I saw Ur 10mil sell last minute not JusDePomme 05/16/23 4:25 PM
My suspicion is.. you don't know what I Teddytropics 05/16/23 2:32 PM
Can you clarify what you are talking about? Teddytropics 05/16/23 2:22 PM
Go research yourself timeline for pink status! Don't JusDePomme 05/16/23 12:11 PM
Mr Jus, I have many. Teddytropics 05/16/23 11:43 AM
Thanks as always for the info.. Teddytropics 05/16/23 11:38 AM
R u dreaming? JusDePomme 05/15/23 6:54 PM
I believe so. dozendogs 05/15/23 5:42 PM
Order in to buy more! This time 10mil RKhan2011 05/15/23 10:30 AM
If they don't deliver Wednesday is it EM? Teddytropics 05/15/23 10:25 AM
Nope. Still holding ALL. RKhan2011 05/12/23 11:16 AM
Is that U or some long holder here JusDePomme 05/11/23 4:24 PM
Congrat whoever got .0005 and .0006 late today! JusDePomme 05/11/23 4:20 PM
I shake my head here! Flippers killing this JusDePomme 05/11/23 2:32 PM
Jagx miss badly ! Yesterday .65 I want JusDePomme 05/11/23 10:40 AM
Bbrw 40 billion o.s and running latley .0008-.0034 JusDePomme 05/11/23 10:37 AM
Given they serve the government contract one would RKhan2011 05/10/23 10:07 PM
Nice see u here man....I m bored hiding JusDePomme 05/10/23 8:31 PM
HUH???... you don't don't see the trades... I linkvest 05/10/23 11:16 AM
What r we looking at bubba? There is RKhan2011 05/10/23 11:03 AM
Trades for the day.. Someone is trying to linkvest 05/10/23 10:44 AM
Bigger has a large stake in this stock, dozendogs 05/09/23 10:26 PM
Lot of accumulation. Has anyone poked biggercapital dude RKhan2011 05/09/23 7:27 PM
Same! I tink we will see dat. Someone’s RKhan2011 05/09/23 7:26 PM
Wow...u in that high? JusDePomme 05/09/23 5:37 PM
Everywhere is quiet! Market too! No surprised! Hope JusDePomme 05/09/23 5:36 PM
Likes Subject
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Older
Lime Time
05/27/23 4:53 PM
JusDePomme
05/27/23 3:07 PM
RKhan2011
05/25/23 9:49 AM
dozendogs
05/25/23 9:41 AM
Lime Time
05/25/23 2:00 AM
RKhan2011
05/23/23 4:23 PM
JusDePomme
05/23/23 2:41 PM
slipihiv
05/23/23 1:44 PM
JusDePomme
05/23/23 1:41 PM
RKhan2011
05/23/23 10:26 AM
RKhan2011
05/19/23 10:05 AM
RKhan2011
05/19/23 10:04 AM
RKhan2011
05/18/23 11:08 PM
Teddytropics
05/18/23 10:45 AM
dozendogs
05/18/23 3:27 AM
JusDePomme
05/18/23 1:18 AM
dozendogs
05/17/23 7:17 PM
RKhan2011
05/17/23 3:10 PM
Teddytropics
05/17/23 1:05 PM
JusDePomme
05/17/23 12:47 PM
Teddytropics
05/17/23 12:36 PM
Teddytropics
05/17/23 12:33 PM
JusDePomme
05/17/23 11:26 AM
dozendogs
05/17/23 1:30 AM
JusDePomme
05/16/23 4:25 PM
Teddytropics
05/16/23 2:32 PM
Teddytropics
05/16/23 2:22 PM
JusDePomme
05/16/23 12:11 PM
Teddytropics
05/16/23 11:43 AM
Teddytropics
05/16/23 11:38 AM
JusDePomme
05/15/23 6:54 PM
dozendogs
05/15/23 5:42 PM
RKhan2011
05/15/23 10:30 AM
Teddytropics
05/15/23 10:25 AM
RKhan2011
05/12/23 11:16 AM
JusDePomme
05/11/23 4:24 PM
JusDePomme
05/11/23 4:20 PM
JusDePomme
05/11/23 2:32 PM
JusDePomme
05/11/23 10:40 AM
JusDePomme
05/11/23 10:37 AM
RKhan2011
05/10/23 10:07 PM
JusDePomme
05/10/23 8:31 PM
linkvest
05/10/23 11:16 AM
RKhan2011
05/10/23 11:03 AM
linkvest
05/10/23 10:44 AM
dozendogs
05/09/23 10:26 PM
RKhan2011
05/09/23 7:27 PM
RKhan2011
05/09/23 7:26 PM
JusDePomme
05/09/23 5:37 PM
JusDePomme
05/09/23 5:36 PM

Sysorex Inc. (SYSX)

Followers
248
Posters
614
Posts (Today)
2
Posts (Total)
23584
Created
09/07/18
Type
Free
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Defaulting on Loans, Possible Scandle:

Sysorex, Inc., a Nevada corporation (the “Company”), entered into a Promissory Judgment Note dated as of August 15, 2018 (the “Note”), with Tech Data Corporation (“Tech Data”), pursuant to which the Company promised to pay the principal sum of $6,849,423.42 to Tech Data. The Note provides that interest shall accrue on the balance of the Note at the rate of 18% per annum. Due to miscommunication with Tech Data, the Company inadvertently failed to pay, when due, some of the installment payments in the aggregate principal amount of $3,341,801.80, as set forth in the Note and has defaulted under the Note. 

On December 14, 2021, the Company became aware that a Confession of Judgment (the “Confession of Judgment”) had been entered against the Company in the Superior Court of the State of California, County of Santa Clara by Tech Data on September 24, 2021. The Confession of Judgement is entered for a total sum of $5,942,559.05, which is comprised of the principal sum of $3,341,801.80 and prejudgment interest in the sum of $2,600,757.25. 

Debenture Default 

The Company has sold to certain purchasers 12.5% Original Issue Discount Senior Secured Convertible Debentures (collectively, the “Debentures”) pursuant to the terms and conditions of those certain Securities Purchase Agreements entered into by the Company and certain investors. The Debentures provide that any monetary judgment filed against the Company for more than $50,000, and if such judgment remains unvacated for a period of 45 calendar days shall constitute an event of default. As a result, the Confession of Judgment could be deemed to be an event of default under the Debentures although the Company only became aware of the Confession of Judgment on December 14, 2021."
https://www.otcmarkets.com/filing/html?id=15432075&guid=qrfwkFniGBAxOth 

Q3: 65 million shares of dilution since March 

“Note 2 — Going Concern 

As of September 30, 2021, the Company had an approximate cash balance of $4.3 million, working capital deficit of approximately $10.6 million, and an accumulated deficit of approximately $28.1 million. The aforementioned factors raise substantial doubt about the Company’s ability to continue as a going concern for the next twelve months from the date of issuance of these financial statements.” 

“ Ressense LLC 

On August 4, 2021, the Company executed a six (6) month business advisory services agreement with Ressense LLC. The services to be provided include potential business activities including acquisition, merger and reverse merger opportunities. As compensation for the performance of services, the Company shall pay $25,000 per month. 

Style Hunter, Inc. 

On September 26, 2021, the Company acquired a 5% minority interest in Style Hunter, Inc. (“Hunt”). The Hunt issued 613,723 shares of its common stock: par value $0.0001 per share for $0.81470 per share for a total price of $500,000. The Company shall have a one-time option to purchase an additional $500,000 of the Common Stock (“Option”) on or before the 360-day anniversary of Closing Date as follows: (i) if the Buyer exercises its Option prior to the 90-day anniversary of Closing Date the per-share purchase price of the additional shares of Common Stock (the “Option Price”) shall be $0.81470 (a $10,000,000 Company valuation), (ii) if the Buyer exercises its Option after the 90-day anniversary of Closing Date, but prior to the 180-day anniversary of Closing Date, the Option Price will be $1.22200 (a $15,000,000 Company valuation), or (iii) if the Buyer exercises its option 
after the 180-day anniversary of Closing the Option Price will be $2.03670 (a $25,000,000 Company valuation). 

Note 15 — Subsequent Event 

On November 2, 2021, the Company entered into a Membership Interest Purchase Agreement with BWP Holdings LLC to purchase the remaining 50% interest in Up North Hosting LLC. The aggregate purchase price for the membership interest is $1.0 million in cash and 1 million shares of restricted common stock, $0.00001 par value of the Company. The restricted common stock was issued to an executive of BWP Holdings LLC who was hired by the Company on October 1, 2021, as the Company’s Chief Technology Officer (“CTO”). The Company issued the CTO a one-time sign-on bonus of One Hundred Thousand (100,000) shares of restricted common stock of the Company. The CTO will be entitled to additional shares of restricted common stock on two subsequent anniversary dates.”



 
 
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