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I voted the day that I received it.
I know where you're coming from. I continue to read all the posts and your semi-feud on the XALL board. If you noticed, I haven't posted on there in a while either. That entire iBox was created by me and I refuse to delete it because it showcases all the broken promises. To that end, I still want to at least recoup most of my original XALL investment.
Thank you for sharing, HD. I have over $46k tied up in XALL and need to get near .02 to just break even. I am not happy with leadership but hope for a miracle. If Q2 is good, we should make a run north. The share structure is not terrible and some good news/financials could send this running. I know they promised you all this before the end of July so the days are limited.
It would bode well if he would close the transaction before July 31. That would provide a much-needed breath of fresh air for current and future shareholders. Much like HD, I am hanging around for a few more acts before I leave the show.
If you look on the proxy vote page it shows the following. I am under the impression that our number of shares is set for that date.
I just voted on SYSX. As of May 27th, I had 600k shares...I wish I could vote using my current share count.
HD, I concur!
I still need to get above .02 to be at breakeven. I'd like to take some chips off the table too, but I need to see a dime+ before I trim a little. If we get some good news this July along with solid financials, I think this could potentially run to .15 to .25.
That sounds promising, Slick! That tweet was issued on my birthday so hopefully it comes to fruition.
I am ready for "XALL HD-Bash.25" -- HD! We all deserve a strong July share price.
Thank you, Slick. I have the link to vote but have been away for nearly 2 weeks and just holding off to see what kind of news SYSX divulged. I will be voting later today or tomorrow.
I need to vote on the SYSX matter. If you don't mind me asking, how did you guys vote? No across the board or did you vote yes on some things? It goes without saying that I will vote no on the RS. Thank you in advance.
I was away at my place in N. Myrtle Beach and missed all that unfolded. I will look into the matter on Sunday. I have no choice but to hold unless I take a huge loss. I sure hope sysx is up to something. I didn't vote yet as I was waiting to see how things were handled. I will now be voting Monday.
Something I find encouraging is that if the deal didn't close yesterday (or prior), I think they would have 8k'd that the deal was extended again and this would have been after hours today due to the long weekend. My birthday is Tuesday -- SYSX owes us all a gift! Have a nice weekend!
I forgot about that! Thanks for bringing it to my attention, HD.
Well, we are about 45 days from Q2 results. I am down 83% with XALL and it makes me sick....I am sticking around with you.
Unless they absolutely don't care about shareholders. They have been dropping 8k's after hours so at this point I think we won't hear anything until Tuesday. I hope I'm wrong and it drops in the AM.
On a side note, have you had any communication with XALL?
You would think that they would want to 8k as quickly as possible and not wait. The only reason might be to get past the holiday weekend. They possibly could have closed a few days ago and the 8k could be forthcoming this afternoon.
I agree with your assessment, Slick. We may not get confirmation of the closing until after the 4th. I plan to get another 200k more once the news drops which will put me at a million. I'm down 51% as of today's market close but still have a lot of confidence in $SYSX.
Mine came from Etrade at 3:21 this morning, Slick. You know how I will vote.
I was out this evening and have not had a chance to look at the 8k in detail. It's encouraging that they didn't go silent until the July 25 vote. I hope we receive more news early next week. Thanks for the post, Slick!
XALL was exciting when they announced 4 upcoming acquisitions and revenue for the following year was projected at like $30M+. With respect to SYSX, I expect we receive news by/before next Friday....and significant news. Tomorrow would be even better!
You're right, Slick, about it stabilizing. I picked up another 10k yesterday at I think .026 which puts me at 700k total. I am not buying more until we receive news/8k. I am down 51% at the moment. I really think something special is brewing in SYSX land.
I will hang in here too. I have close to 700k and will likely buy tomorrow off the bloodbath. It's always good to go back through your DD to realize why you are here in the first place. To that end, HD, it was an unforeseen kick in the nuts!
I had the below saved but can't give credit to who wrote it. It was from last Friday
Great DD here....
The filing today from Coreweave has me convinced more now that SYSX will be acquired by Ostendo... Coreweave was primarily a TTM partner and divesting the shares makes sense..Ostendo has no need for the company...this is my opinion.
$SYSX Coreweave
The inclusion of this added disclosure suggests a full disclosure is necessary to satisfy 3rd parties in an acquisition or merger scenario...it's not a common practice in most filings of this kind...this should put everyone on notice in my view.
https://twitter.com/DeepBlueEquity/status/1529996620405743616
$SYSX Coreweave
The share divesture took place May 23 by Coreweave,this is a lightning fast filing..3 days.
It also took place the day Sysorex filed 10Q and NT10-Q suggesting this may have been required in order to satisfy the completion of annual filings for 3rd party acceptance
$SYSX SPAC Kins Technology has a special meeting June 10 to vote on deadline extension for merger of target. If you believe Ostendo's involvement with this Spac relates to SYSX then you will also be interested to know they stated they may PR the LOI they signed before meeting.
Business Update 05/05/22
"The Company is also exploring mechanisms related to the Ostendo securities or the balance of its GPU assets to drive additional value for Sysorex shareholders post-closing" Is a full acquisition on the table here?
Why an asset sale if Ostendo is possibly going to acquire $SYSX ?
To clean house ...raise SP to pay off debt and satisfy certain legacy shareholders on the way out the door.
$SYSX $INPX Sysorex and Inpixon together have the logistical ,corporate and technical resources to fully implement the full commercialization of Ostendo's products across all sectors in my view. They would make great subsidiaries for Ostendo in my opinion.
Replying to @DeepBlueEquity
...Ostendo also stated that they will not be marketing/selling their AR hardware/wearable technology under the Ostendo brand. Someone else will get that honor
$SYSX $INPX Sysorex and INPX together have the logistical ,corporate and technical resources to fully implement the full commercialization of Ostendo's products across all sectors in my view. They would make great subsidiaries for Ostendo in my opinion
What's on the table for Sysorex in my opinion is nothing less than either a full acquisition or the rights and license to fully commercialize a "first to market"
disruptive product backed by Peter Thiel and Ostendo..
this is just speculation at this point of course.
$SYSX SPAC Kins Technology has a special meeting June 10 to vote on deadline ext for merger of target. If you believe Ostendo's involvement with this Spac relates to SYSX then you will also be interested to know they stated they may PR the LOI to merger they signed at any time
Same here. Not a lot of details in the 8k. It's possible they are working on something larger such as Ostendo acquiring SYSX. There was a great post regarding this a few days ago.
I will likely round up to a million when I think we hit bottom.
No kidding, HD!
I see a lot of positives; gov't contracts, players involved, etc. As far as numbers; the 52-week high is $5.10...I know the O/S is different now but it's equivalent to about $1.48 today and that doesn't include a) Ostendo or b) Q1 revenue already $5.8M, c) outstanding invoices I think in the $9M range, d) what plans they have to drive the PPS above $4 for the uplist. A little over a year ago, the PPS hit $15 on the triangular merger....that is about $4.35 with the current O/S structure. I haven't determined my exit/sell points but this should quickly shoot to $1 plus. I will hold on to 200-250k for the long haul.
Not guaranteeing my above figures are correct and I'm simply conveying my DD thoughts. I do M&A Consulting which includes due diligence for a living...just in the private sector though...lower middle market deals that sell in the $2-25 Million range. I invest in OTC companies that look good through the lens of my M&A eyes. Just like XALL projected $34M in 2021 sales. I sell a lot of IT/Tech companies and XALL's VGR Technology Partners subsidiary had me most excited. Sorry to give us all hearthburn bringing up XALL.
Kind of disappointing that I am averaged at .07337 PPS. I thank HD for bringing SYSX to my attention but wish it was back at a penny so I could have 4.5M shares. :) You have a nice weekend as well, Slick!
I picked up another 40k right before closing. My total is now 640,000...I planned to have a million shares this week but was waiting on news. I will chase a little to get to around one million. $SYSX I really can't find any negatives with this ticker (other than them not releasing an 8k). Can anyone else?
I agree that SYSX is capable of hitting $2 in a flash. Look at the PPS last year...I know it's on a different share structure but it still hit $15. Convert that to today's SS....and then factor in Ostendo. We all deserve a big win that I hope starts today.
I am still deep in with XALL too, but not as much as you. I am also impatient but not selling anything for a loss at this point at least. I still have some hope that things will work out. XALL has been such a disappointment. I hope "they" prove me wrong at some point this year. I'd love to have a get-together when the timing is right....thanks for creating strategy guys and introducing SYSX.
I jumped into SYSX earlier this week and have been adding since. I got in late but still have many shares and hope to hit 1M Monday. HD, I think you were the one that pointed it out and I want to thank you prematurely (I hope it ends well for us all). I haven't often been posting because I'm in the middle of over a dozen+ M&A closings and up against time constraints. However, I read all posts in every ticker that I am involved in (even XALL, ugh).
Perfectly stated, PAPERS. I did acquire several million shares in AR*Q in an attempt to potentially marginalize the TDS situation. At this moment, I am not a TDS fan but I am trying to hedge my investment. I don't think I am alone in this approach.
I hope it is an easy fix. I still have over $55k in CLHI...I was flying the day TDS rescinded their offer and unfortunately couldn't sell. Logic tells me that Ben wouldn't be throwing good money against bad if his lawyer didn't think this could be rectified.
Thanks, HD. I jumped on a few weeks ago.
Wow! Thank you for compiling, Detached.
Also, in my opinion, I have a feeling some of this mess has to do with 2nd incorporated entity that was formed in DE on 4/13/2020 (File # 7934224). I recall either Ben or TDS stating that this was done incorrectly and they should have stayed with the first CLST Holdings, Inc. (formed 4/1/1993 with an entity or file number 2331328). These can be verified by doing a DE corporation search.
They both have the same entity name (CLST Holdings, Inc.) but different numbers. I need to go back through my notes from 2020. Does anyone else remember how this went down?
I don't see anything real alarming at this point, PAPERS. We still need some clarification from Ben. He is still working on the same aspects he mentioned prior.
An article I came across.
When a Delaware company has failed to pay their yearly taxes or maintain a Registered Agent, it may fall into a status other than Good Standing. To return your entity back into a Good Standing status, the Delaware Code requires that certain documents are filed and all back taxes and filing fees paid.
A forfeited Delaware Corporation may have its charter restored by filing a Certificate for renewal and revival of Charter in accordance with General Corporation Law of the State of Delaware. Before we can complete and file the Certificate, all taxes due the Delaware State at the time the corporation became forfeited must be paid.
Delaware Company Restoration fees:
Our Assistance Fee to restore Delaware company: £250
Delaware Restoration fee: US$300
Drafting Resolution to appoint Registered Agent: £120
Filing fee to appoint new Registered Agent: US$214
Filing Certificate for Renewal with the Division of Corporations: US$295
Business License late fee which is $250 for Corporations and $100 for LLC’s
Payment of all Delaware Government fees and penalties per year struck off: US$150
Due Diligence fee – per Director & Shareholder: £80
Obtain a Company Search from the Delaware Secretary of State to check the company status: £100
Delaware State Department expedite fee: US$100 (2-3 weeks) US$200 (1-2 weeks)
2.5% Transfer fee – for penalties, fees and charges to Delaware, to cover exchange rate changes, bank charges and fees
Delaware Company Status:
Cancelled Status – If your Delaware corporation shows as cancelled it is dissolved.
Forfeited Status – If you do not maintain a Delaware registered agent, or your Delaware registered agent resigns, it will put your Delaware corporation into Forfeited status.
Void Status – If your Delaware corporation owes franchise tax, it has a Void status.
Delaware Corporation Reinstatement:
A Delaware Corporation can be reinstated within 5 years of being cancelled/ dissolved.
If a Delaware corporation does not pay their tax and file their annual report for 2 years, the State will void the company. The taxes stop accruing when the Delaware company is declared void. To revive the company you have to pay two years of back taxes and file two annual reports. LLCs go void after 3 years, the tax stops accruing when the LLC is declared void.
Pursuant to 311 of the Delaware General Corporation Law corporations may revoke a voluntary dissolution within three years of the date of the dissolution.
A dissolved Corporation may restore its right to carry on business in Delaware by filing for reinstatement by submitting the following documents:
-File Certificate Renewal and Revival with the Delaware Secretary of -State
-File Annual List – with directors listed
-Registered Agent Acceptance or Statement of Change of Registered Agent
-Pay any fees, missing annual reports and penalties
Good Standing Certificate:
In order for the Delaware Secretary of State’s office to issue a Certificate of Good Standing, your Delaware Corporation is required to be up to date in the filing of all its Annual Returns. We can assist you with filing the necessary documents to get your Delaware corporation back into Good Standing.
Transferring Registered Agent:
In order to change the Registered Agent, we will file the Statement of Registered Agent Change Form with the Delaware Secretary of State which we will file it with State of Delaware.
Except as otherwise provided, a renewal or revival relates back to the date on which the corporation’s charter expired or was revoked and renews or revives the corporation’s charter and right to transact business as if such right had at all times remained in full force and effect.