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Hard to find a sub penny with this share structure, float is only
62,218,470.
Just grabbed a few shares here, looks interesting.
Yea so I’ve heard. I think the new guy is legit, putting a lot of his own money in, communicates well. Been studying the royalty angle and it’s a good one.
Good idea. I’ll do it, not sure it really works, but worth a try.
That’s strange the OS has remained unchanged since December of 2020. What proof do you have to support that statement?
Why do you think it’s a scam? Have you talked to Tom Lull? Are you saying he filed false financials with the OTC? Just wondering.
Yup, that top accounting firm, confirmed 15 million in debt and neg revenues. I’m impressed.
No you don’t have a merger on your hands. Yes SYSX is flat broke as you admit. Now, here’s the question, why would a company like Ostendo, who is not flat broke, want anything to do with a flat broke company that is heavily in debt and has a incredibly bloated share structure, want anything to do with SYSX. They wouldn’t! If they go public, they’d either do an IPO or a SPAC, with a clean shell. period!
No pink stocks generally don’t have audited, although the CEO is talking about going QB, so then they’ll have to.
I think the last Q needs an attorney letter, I also found a small error on the Q. In the liability column they left out the 2022 share count. No big deal.
Please explain what can happen? SYSX as a company is flat broke!
It is refundable if the deal doesn’t go thru, read the fine print!
Lol, look at their Q, they’re trading 3 million dollars worth of Mining equipment for 68 million dollars worth of Ostendo preferred shares?? In your dreams! Look at their freaking asset values in their last Q, keeping in mind most companies try to inflate their assets. The mining equipment is listed at a value of 3 million. Look at their revenue, yes they made some money with it, but on 5 million in revenues they lost 2 million. They also admitted the equipment is obsolete.
You didn’t answer the question. How do they pay for the shares?
Today’s Tweets: OODH = WAY UNDERVALUED
$OODH
— Orion - Symbol: OODH (@TomLull1) June 8, 2022
Working on the next acquisition with operations. Increasing my RRC BOND.
$OODH
— Orion - Symbol: OODH (@TomLull1) June 8, 2022
June
185 permian
185 Eagle Ford
4000 MCF Eagle Ford
Can you explain where they’ll get the money to purchase the Ostendo shares? They have NO money and 17 million dollars in debt. Bigger has already sold is 48 million shares and he will convert his 4 million in convertibles after the split. He is in no danger of losing any money, he’s already made 4 million dollars by pumping and dumping his commons. ( with the help of SYSX).
Yes, I have been around and the PPS will be .01 or less at the time of the split. Watch and learn.
That’s all true, but I think the PPS will drop to sub penny before the split. We’ll see, it may only drop to a penny.
Yes, according to the CEO they have several deals in the works. For a sub penny stock I think IDVV has a lot going for it.
I don’t agree with the naked short theory, but each to his own. As far as an RS, there is just no need. Most who are posting that, just got caught in a bloated heavily indebted stock that must do one to save itself, they don’t seem to understand what triggers the necessity to do an RS.
Nice volume here today:) I predict IDVV breaks a penny in the next 10 days or so, if not sooner.
No need their float is only 152,524,184 and they actually make money. They have a small positive EPS, unheard of for a sub penny.
Wow, LICH finally had “some” volume:)
Nice day here today. I loaded a few more shares this morning, should have loaded a lot more.
They aren’t going to be uplisting, they’re just trying to pay the bills and clean the balance sheets up, so they might be able to do some deals.
Because they have 17 million dollars in debt and don’t have the stock to pay the bills. They need money and need the price at $5.00 to get it, without diluting into the billions of shares. Think, read the financials.
Have you read their financials? They can’t do the Ostendo deal without the RS, good grief. You really think they can do a 60 million dollar deal, with 17 million dollars in debt and losing nearly a million dollars a month? I think the Ostendo deal is only hype, they came up with it to juice their share price, so insiders could bail out, before the pre 14 A disclosure. The fact this didn’t hit .01 today is only because we have a bunch of newbies in the stock, that don’t read financials and don’t understand when they’re being scammed.
They have to do an RS, I’ve been saying that for the last couple of weeks. Bigger can’t convert at these levels, they can’t do any kind of a deal with anyone, with as much debt as they have. They’ll RS then immediately start diluting to pay the bills. To pay Bigger at a $5.00 starting point will take far fewer shares, plus there is another 12 million dollars in debt. They made 5 million in revenues according to the last q, but still lost 2 million dollars. Once they get balance their sheet cleaned up, they might come out OK. I don’t know how anyone thought they could do a 60 million dollar deal with Ostendo with their financials.
Yup and $4 million left
Yup, crazy!
This is meaningful to me. I am sick of the scams!
I will admit I am wrong immediately, but I 100% guarantee there is no imminent announcement coming from Ostendo. Call them, see what they say. Do your DD.
No I’m not, but I do study and have been doing this 20+ years. I read the filings and if there is something I don’t understand I call my broker or the SEC. It doesn’t take a high IQ to do that, it takes time and self discipline.
That is not a guess read the pre 14a and their last Q. That post outlines the best case scenario.
That question can be asked of every member of the board. I have never seen a more talented board than XCRT’s.
My guess the deal with Ostendo will never happen, read there last Q. SYSX is dead broke with 17 million dollars in liabilities.
Lol, what a joke!
Yes of course, the PPS will most likely drop below .01. The only reason it’s not there right now is because there are a lot of novice traders in the stock still. Many obviously don’t understand an RS and what happens after the RS when millions in convertibles hit the market. My prediction is the RS will happen when the PPS is around .005, if it’s a 1,000 for 1, that will take the price to $5.00, then Bigger will dump his $4,000,000 worth of convertibles, at probably 50% of the PPS post split, which will cause 1.6 million+ shares or more, to be added to the OS. After Bigger is finished the PPS will be around $3.00, maybe less. So today if you have a 100,000 shares and they do a 1,000 for 1 split, you’ll end up with a 100 shares worth $500.00, after the conversions you’ll be lucky to have $300.00. IMO this was a scam run by Bigger and SYSX, Ostendo was the carrot to get people to invest. Read the May 5th PR, along with Bigger’s Tweet bragging he’d bought 48 million shares, then Bigger’s filing 3 days later when he dumped his shares, after the stock had run 300%. I expect their will be a lawsuit, it’s pretty blatant fraud, imo.
Of course it is. I am in 7 OTC stocks right now 3 with under 100 million float, 2 under 20 million and 2 under 150 million.
Good grief, I hope you are kidding. The bots are out of the way, because the insiders are out. My god read last night pre 14a. If you don’t understand it, call your let them explain it to you.