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DBMM can confirm to shareholders that discussions are underway for a very significant and well-regarded broker to prepare and file a 15c2-11 with FINRA on the Company’s behalf.
http://www.dbmmgroup.com/dbmm-shareholders-update-october-25-2021/
DBMM is already pink current. When the 15c2-11 is filed and the CE is removed, normal trading will begin - MOASS chicken dance
https://www.otcmarkets.com/stock/DBMM/security
DBOOMM $$$
I agree. Good range for loading
SYSX $$$
Our facial recognition cameras can be used by small businesses, medium businesses (ex., small hotel chains, county school systems), all the way to fortune 500 to hospital chains, franchises, large hotel chains, and movie theaters.
https://twitter.com/TempuCheck/status/1460263304937492484
STRH $$$
Sysorex Reports Eight-Fold Increase in Revenue for Q3 2021
Ends Q3 with more than $4.3 million in Cash
Current Market Value of Mined Ethereum Exceeds $6.1 million
HERNDON, Va., Nov. 15, 2021 (GLOBE NEWSWIRE) -- Sysorex (OTCQB: SYSX), the preeminent, U.S.-based, publicly traded Ethereum mining and technologies company, today provided a business update and reported financial results for the third quarter ended September 30, 2021.
Wayne Wasserberg, CEO of Sysorex, commented, “We continue to make solid progress following the merger between Sysorex and TTM Digital Assets & Technologies in April of this year. Notably, our Q3 revenue increased more than eight-fold to $4.9 million, compared to $0.6 million for the same period last year. We continue to implement our strategy of mining Ethereum and holding the Ethereum we mine in our Ethereum treasury wallets at Coinbase and Gemini, and the current value of the Company’s Ethereum holdings exceeds $6.1 million. By strategically holding our Ethereum, we believe the Company will expand its opportunities for revenue generation above the expected appreciation in the value of Ethereum but we may adjust this strategy depending on a number of market factors.”
“Earlier this month, we purchased the remaining interests in our primary data center located in upstate New York. With 100% ownership of our data center, and the data center and all GPUs owned free and clear by Sysorex, we have since increased our Ethereum mining capacity by approximately 10%, and we expect to achieve cost savings as we centralize our mining operations. We are also in the process of implementing an advanced management system to further maximize the efficiencies of our GPUs.”
“Additionally, our Sysorex Government Services (SGS) business was awarded multiple government contracts in Q3 totaling more than $16 million in value, which amount should be realized in the coming months as SGS executes on these agreements, and the work is underway. We continue to pursue opportunities to utilize smart contracts on the Ethereum Blockchain, by leveraging SGS’s government presence and contract portfolio.”
“The Company maintains a solid balance sheet with over $4.3 million of cash at the end of the quarter. Our net income for the first nine months of 2021 was negatively impacted by one-time expenses related to the acquisition of TTM and transaction costs. However, we still generated over $3 million of adjusted EBITDA (see reconciliation below), year-to-date. Overall, we have built a highly scalable business model, and, given our strong revenue growth, we look forward to driving significant value for shareholders in 2022. Additionally, we remain focused on up-listing to a national exchange, which we believe will help drive increased awareness within the investment community. The Company is extremely encouraged by the outlook for the business and looks forward to providing further updates in the weeks and months ahead, as we execute on a number of key upcoming milestones.”
Revenues for the three months ended September 30, 2021, and 2020 were $4.9 million and $0.6 million, respectively. Gain (losses) from operations for the three months ended September 30, 2021, and 2020 were $(2.5) million and $0.2 million, respectively. Net gains (losses) for the three months ended September 30, 2021, and 2020 were $(3.5) million, or ($0.02) per share, and $0.2 million, or $0.00 per share, respectively.
The complete financials will be available in the Company’s Form 10-Q, which will be filed with the Securities and Exchange Commission.
EBITDA Reconciliation
The Company presents adjusted EBITDA because it believes it conveys useful information to investors regarding the operating results as an additional way for investors to view operations, when considered with both GAAP results and the reconciliation to net income (loss). By including this information, the Company believes it can provide investors with a more complete understanding of the business. The Company believes Adjusted EBITDA is a useful tool for investors to assess the operating performance of the business without the effect of interest, income taxes, depreciation and amortization and other non-cash items including stock based compensation, amortization of intangibles, change in the fair value of shares to be issued, impairment of goodwill and one time charges, including gain/loss on the settlement of obligations, severance costs, provision for doubtful accounts, acquisition costs and the costs associated with public offerings. The Company believes that it is useful to provide to investors a standard operating metric used by management to evaluate our operating performance. Even though the Company believes Adjusted EBITDA is useful for investors, it does have limitations as an analytical tool. Thus, the Company urges investors not to consider this metric in isolation or as a substitute for net income (loss) and the other combined carve-out statement of operations data prepared in accordance with GAAP. Adjusted EBITDA should not be considered a measure of discretionary cash available to invest in the growth of the business or as a measure of performance in compliance with GAAP. The Company compensates for these limitations by relying primarily on our GAAP results and providing Adjusted EBITDA only as supplemental information.
Three Months Ended
September 30, Nine Months Ended
September 30,
2021 2020 2021 2020
Net gain (loss) $ (3,462 ) $ 241 $ (27,994 ) $ 160
Interest expense 897 - 926 -
Income taxes - - - -
Depreciation and amortization 1,422 213 3,088 619
EBITDA (1,143 ) 454 (23,980 ) 779
Adjustments:
Non-recurring one-time charges:
Merger charges - - 22,004 -
Debt Restructuring fee - - 2,000 -
Acquisition related costs – Accounting acquirer - - 2,884 -
Acquisition related costs – Accounting acquiree - - 209 -
Adjusted EBITDA $ (1,143 ) $ 454
$ 3,117 $ 779
ABOUT SYSOREX, INC.
Sysorex, Inc. (“Company”) is a data center owner and operator and is the preeminent U.S.-based, publicly traded Ethereum mining and Ethereum Blockchain technologies company. Following the Company’s merger with TTM Digital Assets & Technologies, Inc. (“TTM”), the Company shifted its primary business focus to the mining of Ethereum (“Ether” or “ETH”) and opportunities related to the Ethereum Blockchain. The Company currently owns and operates approximately 11,000 NVIDIA GPUs generating more than 550 Gigahash of computing power, which GPUs include thousands of Cryptocurrency Mining Processors (“CMPs”). These GPUs are currently online and securing the Ethereum Blockchain and generating ETH around the clock with industry leading efficiency. In addition to the mining of ETH, the Company continues to operate 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 is also advancing strategies to leverage decentralized finance (“De-Fi”) and Non-Fungible Token (“NFT”) opportunities powered by the Ethereum Blockchain.
https://www.globenewswire.com/news-release/2021/11/15/2334435/0/en/Sysorex-Reports-Eight-Fold-Increase-in-Revenue-for-Q3-2021.html
SYSX $$$
Added more glta
HIRU $$$
Moves on air and super thin
BOXS $$$
MMs are in the business of making money too. Who says they wouldn't adore a MOASS here?
DBOOMM $$$
17 cents. Might fill once current
J look at level two tell me where MM INTL sitting for dbmm lol
Form 15c2-11 comes in and the MOASS dance begins :)
Rule 15c2-11 requires market makers to review basic issuer information prior to publishing quotations for that issuer's securities. Market makers must have a reasonable basis for believing that the information is accurate and from reliable sources
http://www.dbmmgroup.com/dbmm-shareholders-update-october-25-2021/
DBOOMM $$$
There are always winners to be found amigo, even in bearish OTC times
BOXS $$$
Adding more on this dip glta
BOXS $$$
Very nice news
BOXS $$$
Quarterly filed http://www.otcmarkets.com/financialReportViewer?symbol=HIRU&id=310141
As of Sept 30, 2021, the number of shares outstanding of our Common Stock was: 1,748,182,295.
As of June 30, 2019, the number of shares outstanding of our Common Stock was:1,748,182,295.
As of Dec 31, 2020, the number of shares outstanding of our Common Stock was: 1,748,182,295.
Outstanding Shares 1,748,182,295 11/08/2021 https://www.otcmarkets.com/stock/HIRU/security
Check this box to indicate there were no changes to the number of outstanding shares within the past two completed fiscal years and any subsequent periods: [X]
Check this box if there are no outstanding promissory, convertible notes or debt arrangements: [X]
HIRU $$$
PAUL's buying 9s and asking 12
NECA $$$
Just added glta
NECA $$$
Shaquille O'Neal pitching Alkaline88 big time. Just starting folks
https://www.marketwatch.com/press-release/the-alkaline-water-company-launches-an-omnichannel-marketing-campaign-featuring-shaquille-oneal-2021-10-28?siteid=bigcharts&dist=bigcharts&tesla=y
HIRU $$$
That's awesome GBG. Which broker did you use if you don't mind?
Took forever but was able to get several million shares. Will be more than satisfied with .20 share price.
On November 2, 2021, BWP Holdings LLC, a New York limited liability company (“Seller”), and Down South Hosting, LLC, a Delaware limited liability company (“Purchaser”), an indirect wholly-owned subsidiary of Sysorex, Inc., a Nevada corporation (the “Company”), entered into a Membership Interest Purchase Agreement (the “Purchase Agreement”) pursuant to which Purchaser agreed to purchase from Seller a fifty percent (50%) membership interest in Up North Hosting LLC, a New York limited liability company (“UNH”) (such sale, the “Transaction”).
Under the terms and conditions of the Purchase Agreement, the aggregate consideration to be paid to Seller in the Transaction will consist of the payment of one million dollars ($1,000,000.00) and issuance of one million (1,000,000) shares of restricted common stock, $0.00001 par value, of the Company. Seller and Purchaser each made customary representation and warranties in the Purchase Agreement. Additionally, each Seller and Purchaser is obligated, subject to certain limitations, to indemnify the other for certain liabilities, including liabilities arising from breaches of representation and warranties, and nonfulfillment or breaches of covenants in the Purchase Agreement.
As a result of the Transaction, UNH became an indirect wholly-owned subsidiary of Sysorex, Inc.
The foregoing description of the Purchase Agreement is not complete and is qualified in its entirety by reference to the full text of the Purchase Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
The representations and warranties and covenants set forth in the Purchase Agreement have been made only for the purposes of the Purchase Agreement and solely for the benefit of the parties to the Purchase Agreement, may be subject to limitations agreed upon by the contracting parties, including being qualified by confidential disclosures made for the purpose of allocating contractual risk between the parties to the Purchase Agreement instead of establishing these matters as facts, and may be subject to standards of materiality applicable to the contracting parties that differ from those applicable to investors. In addition, such representations and warranties were made only as of the dates specified in the Purchase Agreement. Accordingly, the Purchase Agreement is included in this filing only to provide investors with information regarding the terms of the Purchase Agreement and not to provide investors with any other factual information regarding the parties or their respective businesses.
https://www.sec.gov/ix?doc=/Archives/edgar/data/1737372/000121390021057379/ea150147-8k_sysorexinc.htm
SYSX $$$
MOASS dance coming
DBOOMM $$$
The positive, strategic specifics below have been extracted from the 2021 10-K which means they are documented, audited and verified:
$169,937 (2021) + $57,802 (2020) = $227,739 Gain on extinguishment of debt. (MD&A, pg 18, Note 4 Loans Payable, Note 5 CDs. Pg. F-11)
Reduction in Derivative Liabilities from $772,732 to $506,360. Change in Fair Value of $9,170. (Note 7, pg. F-12)
$258,146 of Paid in Capital (pg. F-2)
$249,800 Canceled Convertible Debentures modified to non-interest loan (Ibid, Item 1)
$5.9million “net operating loss carry-forward for income tax purposes“ (Note 12-Income Taxes , pg. F-13)
DBMM’s last Convertible Debenture was issued in 2015 and Management resolved thereafter that they would not issue any in the future. Currently, the Company is diligently modifying debt by removing Convertible Debentures and their Derivative Liabilities by mutual agreement, and in the 10-K 2021 cases as no interest loans. Furthermore, these supportive institutions have also waived/cancelled all past interest due with past CD’s .
Those positive actions are representative and further indication of long-term support by investors. They want to be part of the future growth proposition by being examples of risk/reward investors. Negotiations with other CD holders are continuing and will be reflected in future filings as they conclude.
The debt modification follows the first wave of new investors to support the Company through the cure of late filings through compliance in requisite SEC filings until the matter is finally concluded. Then, the growth phase will begin as was intended well before the external mitigating circumstances over which the Company has been vigorously defending itself. Incrementally, albeit painfully slow, we are successfully gaining ground. Next is the removal of the CE which will return the Company to normal trading and normal business.
http://www.dbmmgroup.com/dbmm-shareholders-update-november-8-2021/
DBOOMM $$$
Great reminder Sgt
For those who are not familiar with the County Executives of America deal let me help you understand it better. In February of 2020 we signed a partnership agreement with the County Executives of America to provide our tracking systems to the assets of over 700 counties across the U.S. This would mean that IGEN would potentially be installing approximately 350,000 units in the county vehicles. The revenue from this one agreement, based on only $100 per unit, would be $35,000,000. That number is based on a conservative price. Then if you factor in the reoccurring revenue from the annual renewals you can see that this CEA deal in a monster deal for IGEN. Here are some highlights of that press release.
February 2020 press release:
County Executives of America brands IGEN's Fleet Solution "County Fleet Management"
County Fleet Management to offer fleet management and maintenance services to more than 700 Counties across the USA
"This exclusive partnership with the County Executives of America represents an opportunity for IGEN to offer fleet management solutions for an estimated 350,000 assets utilized across 700 Counties in the USA," said Neil G Chan, CEO of IGEN Networks Corp. The diversity of these assets along with the self-insurance of these assets creates an excellent fit with the capabilities of the County Fleet Management Platform.
“Mr. Michael Griffin, Executive Director of the County Executives of America said: "The County Executives of America that represent over 700 Counties and Consolidated City/Counties across America's Heartland endorses IGEN's Fleet Platform and have decided to brand it specifically to address the needs of the Counties and management of the diverse fleets. The County Fleet Management Platform offers a wide range of innovative features that will offer significant improvement in productivity, management, and safety for the Counties, their drivers and mobile assets." Mr. Griffin continued with the statement "The Counties and Consolidated City/Counties have some of the largest fleets of automobiles, trucks, motorized equipment and school buses in the United States. The care for this equipment is a very large expense to the taxpayer and it's our duty to help secure and maintain these valuable assets."
As you all know, shortly after this press release the Corona virus pretty well shut down the country and the CEA deal was put on hold. Most of these counties were struggling just to function due to massive tax revenue losses and they didn’t spend money on anything that wasn’t 100% necessary to the basic needs of the counties themselves. Unfortunately for IGEN that meant the CEA deal would be put on hold until later. So, slowly as the time went by IGEN was working on other revenue streams to keep building the business and were successful in securing many deals with credit unions and dealerships across America. The CEA deal was still waiting on financing of some sort. Then we found out that the funding for the CEA deal would be coming from the Biden administration. These are excerpts from the form 7’s concerning the CEA deal.
February 2020 form 7
“County Executives of America signs exclusive partnership agreement with IGEN Networks Corporation to offer Medallion GPS Pro to over 700 counties across the USA – see press release”
April 2020 form 7
“Medallion GPS PRO was launched this month across 700 counties – discussions for trials have commenced”
May 2020 form 7
“Launch plan with video tutorials ready to be released to the County Executives of America – completed”
June 2020 form 7
“Assessing New Castle County, Albany County, New York, and Leehigh County for possible trial sites for Medallion GPS PRO”
July 2020 form 7
“Preparing for trial deployments of Medallion GPS PRO targeting New Castle County, Albany County, New York, and Leehigh County.”
December 2020 form 7
“ATT Airtime Wholesale Agreement for County Executives of America”
March form 7
“Counties and local governments will take more active roles in managing their INFRASTRUCTURE , assets, and services as additional funding is realized from the new administration.”
On Friday night, November 5th, the President signed the 1.2 trillion dollar infrastructure bill that is to be used for many different county government projects and the CEA deal is going to be one of them. This means that IGEN will become very profitable soon. We don’t know exactly how many units will be sold or how quickly, but we know that the potential for the CEA deal to be fully funded is a strong possibility. This is the deal that caused me to Load up on IGEN even more than I had already, and it is the deal that will raise the ticker to 3 year highs soon. The price we see now is so undervalued for this company and we never should have been below .01 based on these and other great things coming.
The passing of this infrastructure deal is a very BIG deal and we should begin to see a strong reversal and run coming soon here as the market cap is only a fraction of what the CEA deal will be worth. In my opinion it is probably the very reason we have seen so much manipulation and strong accumulation here. The big time players know that the CEA deal is a massive government deal that will put IGEN in a great position for further growth.
Let’s go! IGEN long and strong!
5 filings over the weekend. Just needs attorney letter to be current
https://www.otcmarkets.com/stock/MBLV/disclosure
MBLV $$$
Quarterly filed: http://www.otcmarkets.com/financialReportViewer?symbol=STRH&id=309738
No dilution no debt low float
STRH $$$
In order to expedite the process, DBMM intends to file its Annual Audit/10-K for fiscal year 2021 earlier than its due date of November 30, 2021, to focus that it is the third 10-K filed with the SEC since Judge Foelak’s Dismissal of November 12, 2019. It will then be in place, in advance, to include in FINRA’s requirement for current financial information available to the public.
They filed early as they said. Next up is the 15c2-11 and MOASS dance!
http://www.dbmmgroup.com/dbmm-shareholders-update-october-25-2021/
DBOOMM $$$
Go baby go :)
WDLF $$$
Added more and bidding as sentiment is dipping near all-time lows
$6 million market cap
IGEN $$$
And the 10-Q is good too
WDLF $$$
Was way oversold and many of us were loading :)
WDLF $$$
Absolutely very nice
WDLF $$$
Increasing its revenue and decreasing its net loss from the same three-month and nine-month period in 2021, while further decreasing its operating expenses by 62% year-over-year for the same nine-month period in 2020
LOS ANGELES, CA, Nov. 05, 2021 (GLOBE NEWSWIRE) --rdSocial Life Network, Inc. (OTC: WDLF) announces today, and as reported in its 3 quarter 10-Q filing this morning, that it has increased sales by 26% in the same nine-month period in 2020. The revenue growth comes paired with a significant decrease in operating expenses by 62% for the same nine-month period in 2020.
"I'm pleased to announce Social Life Network realized its strongest quarter, since becoming public in Q2 of 2016, with the strongest balance sheet the Company has had since our launch in 2013" said Ken Tapp, CEO of Social Life Network. "Our 2020 and 2021 strategy to retire all convertible debt, decrease operating expenses, increase revenue, and launch our new Decentral Life Division was realized in Q3, ahead of management’s original goal to complete by the end of Q4 2021," added Tapp.
“We have Increased revenue and decreased net loss from the same three-month and nine-month period in 2021, while further decreasing our operating expenses by 62% year-over-year for the same nine-month period in 2020," said Director and President Todd Markey. “We hope that our shareholders this year have developed a much greater sense of confidence with management's business plan for our continued growth into 2022, and beyond."
Despite the ongoing growth of the Company since becoming publicly traded in June of 2016, Social Life Network still roughly holds the same market cap of $20M USD that it did in 2016. Partially in response to the lopsided public market cap versus internal valuation that management shared in a Q2 2021 shareholder update, the new Decentral Life Division was launched in Q3 to focus on growth initiatives including the upgrading of the technology platform that is licensed to the TBI licensees so that it is no longer cloud-based, and is instead a decentralized blockchain application. The Decentral Life Division has the following four main objectives:
1. Create a decentralized global social networking platform for user privacy, content control, and universal connectivity to all decentralized networking platforms of the future.
2. Financially empower network users by rewarding their activity with crypto-loyalty points that can be used to make purchases on the network or converted to WDLF Tokens to be used on globally accessible cryptocurrency exchanges.
3. Create and launch a Decentral Life Token on the Ethereum blockchain (“WDLF Token”) that can be used across all TBI licensee networks so that users can convert their crypto-loyalty points into WDLF Tokens.
4. File with the SEC, a registered initial coin offering, that if declared effective by the SEC would enable tokens to be sold to investors and the creation of a market created for the token on cryptocurrency exchanges.
thndrdIn a press release filed on August 19, 2021, the 2 and 3 main objectives have been completed, further adding to the growth Social Life Network experienced in Q3 of 2021.
About Social Life Network, Inc.
Social Life Network is a Technology Business Incubator (TBI) that, through individual licensing agreements, provides tech start-ups with seed technology development, legal and executive leadership, making it easier for start-up founders to focus on raising capital, perfecting their business model, and growing their network user-ship. Our seed technology is an artificial intelligence ("AI") powered social network and Ecommerce platform that uses blockchain technology to increase user activity, speed, security, and accuracy on the niche social networks that we license to the companies in our TBI. Since the launch of the Company in January of 2013, it has launched niche industry social networks to service the millions of business professionals and consumers in the residential real estate industry, the legal global cannabis industry, sports verticals including racket sports, golf, cycling, soccer, space exploration, auto racing, travel, hunting, fishing, and camping. The Company operates in part, like a publicly traded tech incubator, and retains ownership in each licensee through stock and options ownership when they reach a contracted user ship growth, outlined in their licensing contracts. This allows the Company to minimize its expenses and exposure to failed start-ups licensees that use its platform.
www.SocialNetwork.aiFor more information, visit our website @
www.SocialNetwork.ai/podcastWatch our latest shareholder updates @
About the Decentral Life division
The company announced on August 16th, 2021, a new division had been formed that will focus entirely on a global decentralized social network and cryptocurrency project, named Decentral Life.
The Decentral Life project aims to address four main objectives outlined on the Decentral Life
ir@socialnetwork.aiTodd MarkeyInvestor RelationsSocial Life Network, Inc. 1-855-933-3277
https://www.filingre.com/news/8387620/social-life-network-inc-announces-record-growth-in-2021
WDLF $$$