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The def 14a says it will be between 500 and 1000 for 1. Here is the exact statement:
4. To approve the amendment of the Articles of Incorporation to effect a reverse stock split of Sysorex’s outstanding shares of common stock, par value $0.00001 per share, at a ratio of no less than 1-for-500 and no more than 1-for-1,000, with such ratio to be determined at the sole discretion of the Board of Directors, with any fractional shares being rounded up to the next higher whole share (the “Reverse Stock Split”);
Yeah OK, that’s my point! Well done.
They will do nothing according to this statement in the latest 8K “ non-assessable shares of the Purchaser valued at $45,100,000.00 (“Shares”).”
Their total assets, if they gave Ostendo everything they have, including cash and accounts receivable it would come to 15.8 million dollars according to the last Q. Of course they’d have a problem doing that, because they have over 20 million dollars in debt. A little logic goes a long way
By their own admission their equipment is out of date.
For 3 million dollars worth of assets (according to the last Q). I have a bridge in Brooklyn for sale, lol.
Read the darned 8K. They aren’t getting 45 million dollars, Ostendo is for their shares
Wrong!
Please explain how I am confused. In round numbers, they are using 4,500,000 shares to pay $45,000,000 to Ostendo. Right now 4,500,000 of their shares is equal to $180,000.
The Purchase Price shall be comprised of the issuance to the Seller of 4,697,917 fully paid, non-assessable shares of the Purchaser valued at $45,100,000.00.” DO THE MATH!
No I didn’t, look at the value they’re giving SYSX’s stock. Take .01 x 1,000 and you come out with almost exactly the value.
All they did was post an 8K using post RS numbers.
Good post:)
No they won’t.
You think they filed the Def 14a for no reason and the 8K is using post RS numbers, for no reason? Come on! How in the heck does their stock go from .02 to $10.00 without an RS. They are broke.
No I did not missread it. Look at the numbers they represent a 1000 for 1 split.
Well look at their debt! What do you think is going to happen?
Hopefully you aren’t serious! See the Pre and Def below! A little DD goes a long way.
https://www.otcmarkets.com/filing/html?id=15876167&guid=V_nwk6vxVLLSJth
https://www.otcmarkets.com/filing/html?id=15894265&guid=V_nwk6vxVLLSJth
I thought you were saying the done ones had to dissolve at some point.
Read the 8K. Their stock is being valued at $10.00 a share, it only gets that way with an RS.
They have to have the RS or their shares won’t be worth enough to close the deal. Read every word of the 8K.
They are valuing the deal post split. Looks like they are figuring a 1,000 for 1 split, giving SYSX’s shares near a $10.00 valuation. Read this statement from the 10Q carefully: “The first sentence of the section of the Heads of Terms entitled “Purchase Price Consideration” was amended and restated to read: “The Purchase Price shall be comprised of the issuance to the Seller of 4,697,917 fully paid, non-assessable shares of the Purchaser valued at $45,100,000.00.””
Hmmm. Be careful.
Why would they dissolve?
OODH more good NEWS (below).
Orion Diversified Announces Rapid Growth
10:05 AM ET 6/23/22 | Dow Jones
CARSON CITY, NV / ACCESSWIRE / June 23, 2022 / Orion Diversified Holding Co Inc. (OTC PINK:OODH) ("OODH" or the "Company") announced today that it has closed on an acquisition of a producing non-operated working interest in 9 wells. The properties consists of a 0.5% to 13.5% non-operated working interest in 9 oil and gas wells averaging 225 MCFGPD & 40 BOPD on 4000 acres spread across North Dakota, Arkansas, and New Mexico.
ACREAGE & REVENUE HIGHLIGHTS
Mineral interest in more than 20,241 acres in the Bakken Shale, Permian Basin, Woodford Shale, Haynesville Shale, Niobrara Shale, & Eagle Ford Shale.
3200+ acres are currently being operated by Orion at a 70 %+ NRI.
June 2022 Revenues are on target to exceed $43,000
MANAGEMENT COMMENTS
"This recent acquisition places Orion in the Bakken Shale in North Dakota, and the Permian Basin located in New Mexico. One well from this recent acquisition is located in the Haynesville Shale formation in Arkansas. Preliminary estimates show this non-operated working interest is averaging $1,200 per month, and this will add to Orion's growing revenue streams." Commented Tom Lull, CEO of Orion. "We have hit a major milestone with mineral ownership in more than 20,000 acres and 18,000 mineral acres have been acquired in the 2nd Quarter of 2022."
ABOUT ORION DIVERSIFIED HOLDING CO INC.
Orion Diversified Holding Co Inc. is a company with a primary strategy of investing in operated majority working interest, non-operated working interest, and mineral interests in oil & gas properties, with a core area of focus in the premier basins within the United States. More information about Orion Diversified Holding Co Inc. can be found at www.orionenergyco.com.
OODH more good NEWS (below).
Orion Diversified Announces Rapid Growth
10:05 AM ET 6/23/22 | Dow Jones
CARSON CITY, NV / ACCESSWIRE / June 23, 2022 / Orion Diversified Holding Co Inc. (OTC PINK:OODH) ("OODH" or the "Company") announced today that it has closed on an acquisition of a producing non-operated working interest in 9 wells. The properties consists of a 0.5% to 13.5% non-operated working interest in 9 oil and gas wells averaging 225 MCFGPD & 40 BOPD on 4000 acres spread across North Dakota, Arkansas, and New Mexico.
ACREAGE & REVENUE HIGHLIGHTS
Mineral interest in more than 20,241 acres in the Bakken Shale, Permian Basin, Woodford Shale, Haynesville Shale, Niobrara Shale, & Eagle Ford Shale.
3200+ acres are currently being operated by Orion at a 70 %+ NRI.
June 2022 Revenues are on target to exceed $43,000
MANAGEMENT COMMENTS
"This recent acquisition places Orion in the Bakken Shale in North Dakota, and the Permian Basin located in New Mexico. One well from this recent acquisition is located in the Haynesville Shale formation in Arkansas. Preliminary estimates show this non-operated working interest is averaging $1,200 per month, and this will add to Orion's growing revenue streams." Commented Tom Lull, CEO of Orion. "We have hit a major milestone with mineral ownership in more than 20,000 acres and 18,000 mineral acres have been acquired in the 2nd Quarter of 2022."
ABOUT ORION DIVERSIFIED HOLDING CO INC.
Orion Diversified Holding Co Inc. is a company with a primary strategy of investing in operated majority working interest, non-operated working interest, and mineral interests in oil & gas properties, with a core area of focus in the premier basins within the United States. More information about Orion Diversified Holding Co Inc. can be found at www.orionenergyco.com.
Awesome news! Tom Lull seems to be doing everything right.
I think SIDU has a huge upside. After studying there website, I found the company to be really impressive. https://sidusspace.com/
Here’s the article regarding the potential buyout: https://finance.yahoo.com/news/mereo-biopharma-mreo-astrazeneca-reportedly-143602928.html
Great post!
Are you serious? Ever been on the board of a company?
Awesome news today! QB should result in a major PPS boost.
Completely untrue! I encourage everyone to check the filings, float has remained stable, any shares added have been restricted and their have not many of those and they were used for acquisitions. A little DD goes a long way.
No you didn’t. Potential $5.00 Astrazenica buyout ( and they aren’t the only ones interested) 275%+ upside here.
If Mark DeMaria ever gets his sh,,,t together and gets his shell current and assets in it, we could have a $5.00+ stock here.
Total OS here is < 17 MILLION Shares!
Just loaded SIDU, think it’s like buying AMD when it was $4.00. Exciting stock, huge potential.
Actually the US government is investing billions of dollars into solar. I am not sure Tesla has to do with this.
Get what?
I encourage everyone to read OODH’s OTC filings, if someone has proof they’re false, please post it. I have communicated with Tom, he certainly seems legit to me, but if there is proof he’s lied, please post it. Lying on even OTC filings is a crime, plus accusing someone of lying falsely is also a crime.