Sysorex Inc (SYSX)

[stockstobuy]

lol

[joe botts]

You are correct, you're gonna be left left with far far less shares and then it's gonna fall back down to sub penny against Like 99% of all other reverse splits

[DarkPool]

Bump

[DarkPool]

Lol sure ya did.

[stockstobuy]

I sold mine at .0018 this morning and will buy back when it dips again.

[AlwaysKing]

$SYSX ~Can you believe that just under 3 months ago on September 20th SYSX share price was sitting at .0159 which is 10x higher than its current price? And just three months earlier than that it was trading at .044 on June 22nd just under 6 months ago which is over 30x higher than the current SP! It is so amazing at how the shorts came in and decimated the share price all the way down to .0006 by October 12th. ~Crazy how quick a stock can fall in the OTC!

[ace65]

FLYING HERE !!!!

[ace65]

Added today..two very nice days here.Up 100%

[1hot toddy]

BUNCH OF OVER 1 MILLION SHARE BUYS. FOLLOW THE BIG MONEY UP UP AND AWAY. LETS GET TO 1/2 HOY. OVER 15 CENTS $$$$

[1hot toddy]

SYSX REPORTS OVER 13 MILLION IN NEW ORDERS UP UP AND AWAY. SEE BELOW

Sysorex Government Services reports over $13 million in new orders

HERNDON, Va., Nov. 16, 2022 (GLOBE NEWSWIRE) -- Sysorex (OTCQB: SYSX) today provided a business update to its shareholders.

Wayne Wasserberg, CEO of Sysorex, commented, “I am pleased to report our revenue for the third quarter increased by over 85% to $3.5 million, while at the same time, we reduced our operating expenses by nearly 15%. We are more confident than ever in the outlook for our government services business, as illustrated by the rapid growth in our sales pipeline. As a result, we believe our government services business is on a path to long-term, positive cash flow. Moreover, we have broadened and diversified the business model for our TTM Digital Assets & Technology (TTM) subsidiary, following the transition of Ethereum mining from Proof-of-Work to Proof-of-Stake during the third quarter of 2022. We are repurposing certain assets to offer Artificial Intelligence/Machine Learning (AI/ML) processing and general server hosting, which we believe will also provide long-term and sustainable cash flow. Meanwhile, we continue to explore the sale of certain TTM assets, which has the potential to drive significant value for shareholders.”

Sysorex Government Services Update

Sysorex Government Services, Inc. (SGS) continues to grow its government business. As of September 30, 2022, the Company generated year-to-date revenues of approximately $12 million, with approximately $2.1 million in profit. Heading into the fourth quarter of 2022, SGS has already booked nearly $13 million in new orders, expected to be recognized as revenue over the next four quarters.

SGS has achieved significant year-over-year margin improvement, attributable to expansion of SGS´s supplier network, and cost savings measures implemented by management, including a systems automation upgrade. The new systems integration provides end-to-end automation and has enabled SGS to provide more efficient order processing and invoicing.

With the improved system, SGS has been able to optimize complex project implementation management, which has been well received by its government clients. Efficiencies realized by SGS´s investment in this technology also facilitated a reduction in headcount, whereas the quotation entry system has been streamlined and key employees are able to spend more time dedicated to direct customer interaction.

TTM Digital Assets & Technologies Update

Since Proof of Stake, Ethereum mining companies have begun the process of changing their business model to continue utilization of their mining assets, as the GPUs can be repurposed for a number of other profitable business models. The TTM assets can be used for cloud computing, datacenter hosting, simulation & modeling, virtual reality, artificial intelligence, and gaming.

TTM is currently evaluating all its options including hosting client computing, Artificial Intelligence, Machine Language, Modeling & Simulation, Datacenter hosting, and the sale of its assets to mitigate the loss of revenue with the end of Ethereum mining.

TTM assets, which include a data center in Upstate New York and approximately 11,000 GPUs, were primarily performing Ethereum mining until Ethereum changed from Proof-of-Work to Proof-of-Stake on September 15, 2022. Thereafter, mining activities were temporarily shut down.

TTM facilities are designed for, and can support, numerous computer focused tasks, which may include AI/ML processing, and general server hosting. To support multi-tenant customer growth, TTM has automated many facility functions so the headcount can stay low to focus on revenue generation and margin.

TTM´s data center is located close to renewable power and can support significant growth for hosted customers, including positioning for Environmental, Social, and Governance (ESG) compliant operations in the future. The assets include substantial server class hardware resources, which are well suited to the rapidly growing AI/ML market, and may be utilized to support hosted computing for both private and marketplace customers.

TTM is currently bringing on a hosting client to diversify operations. With ample floor space and power costs below the industry average, TTM intends to develop a hosted customer business that is expected to generate recurring revenue and more predictable margins.

TTM management has put together a plan that is designed to allow for profitable mining that includes negotiating lower power costs for the data center and operating when power costs are at their lowest (overnight) via manual and automated monitoring.

The Company believes that until any eventual sale of TTM’s assets, TTM can continue utilizing its datacenter with activities that will likely be at a breakeven or profitable state with hosting and AI/ML processing expected to drive significantly higher margins over time.

The Company worked in good faith with Ostendo to ensure all closing terms and closing conditions were mutually agreed upon. As of November 2022, the parties have determined that the transaction will not proceed.

ABOUT SYSOREX, INC.

Sysorex, Inc. (Company) is a data center owner and operator. The Company operates its wholly owned subsidiary, Sysorex Government Services, Inc. (SGS), a business that provides information technology products, solutions and services to federal, state, and local government, including system integrators. The Company currently owns and operates approximately 11,000 NVIDIA GPUs at its datacenter in Locksport, NY.

Safe Harbor Statement

All statements in this release that are not based on historical fact are “forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. While management has based any forward-looking statements included in this release on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties and other factors, many of which are outside of the control of Sysorex, Inc. and its subsidiaries, which could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include, but are not limited to, the fluctuation of economic conditions, the impact of COVID-19 on Sysorex's results of operations, Sysorex’s ability to integrate the products and business from recent acquisitions into its existing business, the performance of management and employees, the regulatory landscape as it relates to privacy regulations and their applicability to Sysorex’s technology. Other factors that are detailed in Sysorex's periodic and current reports available for review at sec.gov. Furthermore, Sysorex operates in a highly competitive and rapidly changing environment where new and unanticipated risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. Sysorex disclaims any intention to, and undertakes no obligation to, update or revise forward-looking statements.

Investor Relations
Crescendo Communications, LLC
David Waldman/Natalya Rudman
Tel: [phone]
Email: [e-mail]





*

[1hot toddy]

they issued pr 5 days ago. see below

Sysorex, Inc.
Sysorex, Inc.
HERNDON, Va., Nov. 30, 2022 (GLOBE NEWSWIRE) -- Sysorex, Inc. (the “Company” or “Sysorex”) (OTC: SYSX) today announced that, effective November 25, 2022, its common shares are quoted on OTC Market’s Pink Current Information tier, in lieu of the OTCQB, due to the minimum bid price requirement for the OTCQB. The Company remains fully reporting with the U.S. Securities and Exchange Commission, and its common stock will continue to trade under the ticker symbol “SYSX.”

Wayne Wasserberg, CEO of Sysorex, commented, “Although the public markets remain challenging, especially for microcap companies, we believe the outlook for the business is bright. Specifically, we continue to generate strong growth within our government services business. At the same time, we have begun repositioning our mining assets for other uses, such as cloud computing, datacenter hosting, simulation & modeling, virtual reality, artificial intelligence, and gaming. We continue to reduce operating expenses and remain laser focused on our goal of sustainable, positive cash flow. Given our positive momentum, our goal is to apply to list our common stock on a national stock exchange such as the Nasdaq Capital Market or the NYSE American in 2023.”

Although we intend to apply to list our common stock on a national securities exchange, there is no assurance that our listing application will be approved by the Nasdaq Capital Market or the NYSE American.

ABOUT SYSOREX, INC.

Sysorex, Inc. is a data center owner and operator. The Company operates its wholly owned subsidiary, Sysorex Government Services, Inc., a business that provides information technology products, solutions and services to federal, state, and local government, including system integrators. The Company currently owns and operates approximately 11,000 NVIDIA GPUs at its datacenter in Locksport, NY.

[TimeFades]

Relief before the end

[Chi-town Bull]

Been wondering the same.

[Teddytropics]

Ya really. Like a gentle flow..

Sweet!

[Teddytropics]

And deeper again..

Just wondering why these insights appear after daily moves of 100% +

Happened at PHIL too..

[Mac-A-Million]

Moving Organically if anything.......Nice attention so far....$$$!

[Invest-in-America]

What the heck, I'm Tim Sykes' brother-in-law --- at least I'm honest.

[Teddytropics]

Not often we the get the 'hat trick' in OTC but let's see!

I'm all for it!

[Invest-in-America]

SYSX: This scam did it to THEMSELVES --- NO communication with Shareholders; NO updates worth even mentioning; & otherwise NOTHING going on whatsoever. (SYSX don't need no help from ME to go nowhere slow.)

Oh, but wait a minute, now they are using their old ETHEREUM 'data centers' to jump-off into online Gaming, Metaverse Nonsense, & otherwise 'disruptive', innovative, trending, new SCAMS.

[Teddytropics]

Funny. Appearing out of nowhere, following big move's on stocks... mmmnnn,,?

[ace65]

Yes it is..0013s up,Looks thin.

[Teddytropics]

As always, you bring us deeper..

[Invest-in-America]

SYSX: Well, maybe an ETHEREUM candle?? It appears that old SYSX ain't got too much to say anymore about their (former) status as our Solar System's biggest holder of ETHEREUM CRYPTOS CRAP.

[Invest-in-America]

SYSX: Just flip a COIN --- well, maybe an old Ethereum TOKEN --- & then see how LUCKY you are!! (Or, simply consult with MY, 'Personal Financial Planner', below; namely, Mr. D. Harry.)

[JusDePomme]

Nice day here....another big green candle tomorrow.

[Midwestrader]

Sure, it can. Just as soon as they give shareholders a notice of another vote on the reverse split and it is voted against.

They took a vote on the reverse split,it passed.

Of course it can be cancelled

[Chi-town Bull]

Of course it can be cancelled

[Midwestrader]

The reverse split can't be cancelled without a vote by shareholders,as it was voted in by shareholders. And people...don't be fooled by the BS way the RS is presented in numbers by con artist ticker owners . This RS will be a 1 FOR 1000, not 1000 FOR 1.

Just like it says,you will end up with 1 share for each 1000 you now own. If you own a million shares right now those will be knee capped down to a mere 1000 shares and then raised to a ridiculous pps that won't hold that value for five seconds after the opening bell. No one in their right mind will pay 1.00-1.20 per share for this CON JOB so it will tank,and tank hard.

So wats da deal wid R/S? Wen? Or can it be canceled?

[Teddytropics]

Thanks good info..

Yes I meant .001 for Warrants..

Good spot on float. Didn't see that. Odd.

[dozendogs]

the float is incorrect. look at the date since updated. it's in May.

[dozendogs]

Warrants at 0.001 + SP. OTC website is weird right now it doesn't load.
Imo it's a lotto now till filings come in. Probably better to slap if/when they file.
One thing for sure, the first hour of friday wasn't retail trading. Who bought 90+ mil shares? ;)

[Teddytropics]

Thanks for tip..

Looks interesting..

What are the biggest catalysts you see coming?

[Teddytropics]

You were right on the bot error unfortunately..

Oh well.. I'm laughing. It was a surreal Friday but when nothings confirmed you don't the hopes up too much yet.. though with the price action it looked good..

With the float at 493,000,053 does that mean they are done diluting?

https://www.otcmarkets.com/stock/SYSX/security

Do the warrants at .01 come after?

Thanks

[m_m007]

No

[dozendogs]

It's not 500:1, it is 1000:1

[JusDePomme]

My other hold prcxxxx same rediculous low with big revenue and assets. Some others high o.s shell company running with big spike with volume .This market crazy!

[tortiello]

Nooo, you can loose, you can become a millionaire

[HoanTuong]

Should I buy in this stock?

[TRIPLE_ZERO_SEVEN]

Let's see if this gets pumped back to QB status.

Been an interesting stock for sure.

[shawnb]

SYSX 500 to 1 RS coming??

[DJSAMPLERT19]

I've been saying this is undervalued for a while. Keep loading but not to crazily lol

[Acme Investments]

. 002 is the real test!! If it happens the otc is back!!

[RKhan2011]

So wats da deal wid R/S? Wen? Or can it be canceled?

[1hot toddy]

reason im buying is market cap is now 2 mil up from 1 mil and we do over 12 mil in sales

up up and away $$$$$$$$$$$$

[1hot toddy]

WE R DOING OVER 12 MIL A YEAR AND WE TRADE AT 2 MIL CAP WAS 1 MIL BEFORE RUN. STOCK VERY UNDERVALUED

UP UP AND AWAY. SHOULD BE ATLEAST 10X FROM HERE $$$$$$$$$$$$$$$$

lets all buy more next week for big run . hoy is 35 cents

[Teddytropics]

Let's hope in the near future it's between .08 and .10!

[Teddytropics]

Sounds good..

[dozendogs]

the volume's been positive. let the acquiring party soak it up.

[JusDePomme]

I sit between .0008 and .001...watching these traders on ask and bid poke at each other! Which one will survive ahead??

[Teddytropics]

Oh shit!
Hope not..

With the movement of the share price gotta think there is more happening..

Let's see..