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Not consolidation, when over 30M shares are sold today!
This is not shorted either!
Kaboooooom is not happening today or on Tuesday!
This is nothing but big, "loyal investors" liquidating before the news!
Over and out!
Will a massive dump down to 03 cents happen before the Close? If it does watch out as all support levels will be wipe out!
This is not an RM! It's a sale of Assets I. E., a data center. Those said Assets have decline 80% from Q1-2021 to Q1 2022! See the 10Q out this week!
Thus the 13D crew is exiting rapidly now, over 30M sold today and the trading day isn't even over!
I hope this clears up any confusion!
5/27 - On May 17th, the PPS closed at 8 cents, 10 days later we have now Dipped below 7 cents.
It's my speculation, the sale of Assets will be postponed due to "current market conditions" and will be announced after the close today. Three-day weekends are notorious for announcing bad news.
I would also hazzard a guess that Ostendo will, in fact, merge with a very cash rich SPAC, but doubt SYSX will be part of a Trangular Merger! This may take place5on or before December 16, 2022. I would also say that most institutions and large "LOYAL and not SO LOYAL" INVESTORS, have already exited, because retail investors are THE LAST TO KNOW! The crackerjack management's missing two important news updates this week, is not helping matters either, everything posted by me and others is pure SPECULATION!
Grab my last block of 500K shares under 3 cents! Average now 055 cents. Now we need some PRESS, most importantly to explain the Preferred!
Low Float, moves this on air!
Anybody who can read REAL-TIME Level 2 sales, can see the unusual dumping of small blocks from 11:02 to 11:10 peepered with large block sells, coincided by repeating PUMPS!
A very sophisticated strategy, hats-off to the savory 13G folks!
"NO SHARES"...
Fact Check, if there were no shares, the PPS would be sitting at 30 cents+!
In the last hour and half hour alone, the 13D. "loyal investors" have dumped over 15M shares and right before the "KABOOM" VAPOR MERGER announcement.
As far as the 8K babbling, the company can issue a shareholder letter or press release without an 8K first. If it's a material event, an 8K must follow like the RARA "Loyal Investor" PR on May 3rd. The 8K followed that the same day!
The 13D folks will be block dumping big time! Watch and learn!
Three weeks ago!
This company has it head over heals in revenues, SS and MANAGEMENT compared to even some OTCQB securities. There are some growing pains right now with notes, but no worries here!
This stock will appreciate organically not "PARABOLICLY"! Once we see what the Restricted Shares are being used for, a very BRIGHT light will be at the end of the tunnel!
Just have a look at the MC and SS... Market Cap ? 5,762,816 05/25/2022 Authorized Shares 900,000,000 05/23/2022 Outstanding Shares 192,093,856 05/23/2022 Restricted 166,008,702 05/23/2022 Unrestricted 26,085,154 05/23/2022 Held at DTC 23,936,017 05/23/2022
Tomorrow maybe a day of Reckoning or may not!
Over and out!
And most everyone will fail to note that the largest shareholder who was publicly praise by the CEO SOLD also around the same PPS!
Why would those who have sold, who have great resumes, not wait for dollars instead were in around 004 and out a 09 cents.
And more importantly why was more than a third of today's volume were 200,300,600 block sales???
Because they wanted to exit with skin on their backs, like they have been doing for the last 14 trading days! Really can't blame them AT ALL!
All speculation on my part, until all, if anymore filings become public or the strong possibility that the Asset Sale has been delayed or canceled entirelym
Several additional 13D/A's will most likely be filed over the next several trading days.
I gave up tracking the block sales, but estimate there were 50-70M shares sold over the last 2 1/2 trading weeks. Approximately 1/3 of the volume today were block sells!
So CoreWeave and others aren't done yet. It's all starting to make sense, to me at least. Extremely sophisticated PUMP AND DUMP!
"CorWeave sold 4.6 M shares, BUT STILL HOLDS 6.9 M shares!"
Now the question is and will be, who or what group was paid or being paid to pump so these investors can exit in an orderly fashion?
All the 200,400,600 block trades are now making sense over the last three trading weeks. The 4 funds are the Sellers.
Expect to see more 13D/A filings soon!
CoreWeave, Inc was integral in the Asset Sale and they are OUT, SOLD, NO LONGER 1.4 % SHAREHOLDERS!
With all the 10 and 20 cent pumping today, the SELLING pressure graced the longs with 8mils of penny higher. My prediction stands for tomorrow, it ends the week DEEP RED, with the PR that LONGS will not want to read after the close of trading tomorrow!
With the hopes that the bad news won't ferment over the 3-day weekend!
BTW, a shareholder update for 930am this morning came and went!
How so?
Peter Thiel is not involved with SYSX! He is on the Ostendo BOD. Right now, according to SYSX filings the only possible connection is the sale of assets to Ostendo.
That assumes that all the conditions will satisfied by December 16th! Without any updates from the crackerjack CEO, everything, including the above statement and non-stop pumps are all SPECULATION!
If anybody believes that Micro-cap Daily is long on any of the stocks they promote you got it wrong.
They even say in their promotions that they are traders not investors, "don't fall in love with a stock"!
So don't put a lot of water in then being long on $SYSX to probably out already!
Posting their link is nothing but a self-serving pump!
Parabolic is an understatement for what's in store this afternoon. The last 4 cent 4 day swing trade will be over today, then reality will hit home!
A classic PUMP AND DUMP, actually one of the best I've seen in all my trading years!
Most of my posts have been information from the filings and opinions as a former long shareholder!
One last pump to exit, then deep red comes, followed by the after hours PR, announcing a delay in the Asset Sale until December.
You all better hope I'm WRONG!
Exactly! I emailed the CEO today as the increase in the OS, was all Preferred Shares, so an 8K is due, explaining the increase!
A sold company no doubt!
There is NO MERGER! It's an ASSET SALE that includes a data center with Ethereum mining equipment, which by the way, if anyone read the latest Q, the most valuable Asset (Digital Assets Net) on their Balance Sheet has plummeted more 80%, Q1 2021 to Q1 2022!
Weeeeeee, up 4 mils of a cent, that's almost a penny in two trading days!
Break open the champagne can't wait for the 8K now, with blockbusting, earth-shattering, world-changing news, tomorrow after the close!
Grab another 900k block, bid sitting in the last half hour! 2.2M and niw holding for 2000% gain in the very near future!
Anemic volume, RED CLOSE again, don't forget to paint it with a small market order!
Doomsday after the close tomorrow???
14M on the SELL side, 5M on the BUY SIDE, today.
8K out after the close tomorrow, as the 3-day weekend will soften the bad news BLOW!
My point was, the post was inaccurate, the PPS was not $15.00! The 52W high was $5.10!
All the pumping is discrediting this company!
Do you have INSIDE INFORMATION???
Fact Check....
On May 25th the PPS was around $4.25!
And the OS...
As of May 10, 2021, there was 150,537,427 shares of the Registrant’s Common Stock, $0.00001 par value per share, outstanding.
A year later, the OS is...
Outstanding Shares
494,543,611
05/24/2022
Ouch, history will repeat itself, very, very, very soon, 59 days and counting!
Capital Change=shs decreased by 1 for 100 split. Ex-date=07/30/2019. Pay date=07/30/2019.
Buy on RUMOR, Sell on NEWS, in this case, it SELL, SELL, SELL!
This ha been "consolidating" for 8 straight trading sessions!
Covering Shorts, please post short interest?
This is plain old selling from large shareholders due to a postponement or cancelation of the asset sale!
Expect to see this news soon, most likely after hours on a Friday!
Sold 2M long shares for a 1.5 cent gain, plow most of in $PACV, a very well run company.
Last week, bought 339K shares of SYSX for 5.5 cents was hoping for a hype Swing Trade of a 5 cent gain, but it's not going to happen.
Blast off, up 8 mils with anemic volume.
News regarding a delay or deal cancelation MAYBE forthcoming very soon.
Yesterday and today's volume and PPS are a clear indication of one of those scenarios.
Is it not?????
Note 2 — Going Concern
As of March 31, 2022, the Company had an approximate cash balance of $0.9 million, a working capital deficit of approximately $22.7 million, and an accumulated deficit of approximately $52.3 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 unaudited condensed consolidated financial statements. The accompanying unaudited condensed consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The unaudited condensed consolidated financial statements do not include any adjustments relating to the recoverability and classification of asset amounts or the classification of liabilities that might be necessary should the Company be unable to continue as a going concern within one year after the date the unaudited condensed consolidated financial statements are issued.
Note 2 — Going Concern
As of March 31, 2022, the Company had an approximate cash balance of $0.9 million, a working capital deficit of approximately $22.7 million, and an accumulated deficit of approximately $52.3 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 unaudited condensed consolidated financial statements. The accompanying unaudited condensed consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The unaudited condensed consolidated financial statements do not include any adjustments relating to the recoverability and classification of asset amounts or the classification of liabilities that might be necessary should the Company be unable to continue as a going concern within one year after the date the unaudited condensed consolidated financial statements are issued.
With all the non-stop pumping, the PPS is stagnet!