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Ostendo is not merging into SYSX - they are just buying out its assets in exchange for Ostendo shares. So really the value here is coming from what we think the market will value Ostendo shares at.
You mis-read the 8-k.
why did michael bigger sold shares and bought notes instead?
what’s the benefit of holding notes vs holding shares?
is he avoiding RS A/S dilution by holding notes?
why did michael bigger sell millions of shares at 6cents+ if SYSX is worth 5-10$?
why did bigger sell his shares at 6cents and above?
if he believes in PPS then why get out so “low”?
many did not come here for 6cents…
so essentially your position drops 90%+ on 26th ... or it does not?
What are the odds of them not approving A/S raise and RS?
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3. To approve the amendment of the Articles of Incorporation to increase the total number of authorized shares of Sysorex’s capital stock from 510,000,000
shares, par value $0.00001 per share, to 3,010,000,000 shares, of which 3,000,000,000 shares will be designated as common stock and 10,000,000 shares
will be designated as preferred stock;
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”);
Since when share structure changes in OTC are not a concern??? Are you for real? RS and A/S raise (essentially dilution) are two single biggest negatives in the OTC world. Both of them together are deadly!
The problem is pre-14A with proposed 1:500 or 1:1000 Reverse split and AS raise. Will they wipe out common shareholders ... ? Why did Michael Bigger sell his shares and bought notes? Is it because notes are not affected by A/S raise / RS and shares are? Those are the real questions here...
For every 100,000 shares at 1:1000 RS common share holder gets 100 shares and with that A/S raise the value of those 100 shares is suspect.
A/S raise and RS are still there!
yield sign will drop next, as i said earlier. ex-spaceXer on the team. This has all the ingredients.
TXTM ran to 0.019 on 8B O/S. this can go much higher on 1.8B O/S with good news
Yield sign removal and positive news could send this way higher.
Hopefully GS can reach an agreement with current management and start a new and beautiful chapter for EVLI and its beaten up shareholders!
GEGI - Yield sign to drop next is my prediction! Get ready
can you channel the information to GS directly? If it gives him an upper hand....we all could win here!
here is GS direct contact:
http://www.clippercorporatepartners.com/p/get-in-touch.html
and his linkedin:
https://www.linkedin.com/in/george-sharp-71356896/
Do you think GS can get it through his thick skull that this is a decent way out for him with EVLI?
why did he sell his shares then....before unlocking the "value"? LOL
...and why did he chose notes instead? because of the coming dilution, thats why!
did you email him asking to give it up?
Quadfecta here as well. Im in all 4. Just need one to hit big time and im all set.
FACT: M. Bigger sold shares and bought notes. Why would he do that? Think about it. If something huge was coming in, why would he get rid of shares and get notes instead…?!?
Pre-14A gave us the answer. Shares will not survive 1:1000 RS and AS raise. Notes will survive and will convert into new shares post RS/AS raise just fine. This is why he got rid of shares - to protect himself from coming dilution!
they will have to convert at 0 because no sane person will buy into this massive reverse share split.
See what? CEO come back from the dead? LMAO
Why even propose 1:1000 to 1:500 Reverse split?
If all they needed was satisfying debt holders then AS raise alone would have been sufficient!
So why even propose this crazy Reverse Split??
The answer is - they want to dilute out current share holders. They dont want them to have any stake in whats coming through this deal.
The whole scheme is made to enrich noteholders (Michael Bigger etc.) and the management. Screw regular shareholders.
Sounds about right.
those claiming to be long and buying- what’s your position size? $500-1000? lol it feels like the loudest voices here probably only have $500 worth of stock LOL
i just don’t see anyone holding size ($10-20k and up) here and being ok with that horrible RS pending and AS raise.
Email EVLI management or this will end up in EM like many others.
its dead. expert market. there is nothing pending. call florida devision of corporations yourself.
Shareholders should send email to BlankenshipArtistsCapitalFund@gmail.com asking him to accept George Sharp's take over offer. This is the only way something good can happen to EVLI.
RIP BCAP forever this time. Expert market.
The fake reinstatement never went through.
Example of 1:5000 RS and AS raise. Read and learn what it does to the stock: https://investorshub.advfn.com/GEMXX-Corp-GEMZ-20838
exactly. AS raise+RS = theft of shareholder money. Managers/CEOs that do this (huge RS + huge AS raise), wiping out any remaining stock value - should not be allowed anywhere near public companies ever again.
I understand the need to raise money to fund a growing business and i understand lower RS is sometime needed. But doing both at scale that guarantees a shareholder wipe out should be criminal!
i cant carry "size" with AS / RS hanging over my head.
im not interested in pennies or flipping either.
so its a no for me, unless there are fundamental changes -> refer to my previous post.
i was one of the original longs on SYSX and was VERY bullish on it going back to late april. i operated based on the FACTS available to me at the time. As a trader/investor i have to take into account all new information as it becomes available to me and adjust if needed. I cant ignore this scam of a management's plan to AS raise and RS on us 1:500 to 1:1000. This is outright theft of shareholder's money. They killed the stock by doing so.
this will be one of my last posts on this board, unless FACTS change fundamentally here (AS/RS cancelled and Ostendo deal gets done so that common shareholders can benefit from it directly and not just the noteholders/management).
no. management screwed us over with that HORRIBLE pre-14A. it changed everything here. AS raise and 1:500 to 1:1000 RS are you effing kidding me? that pre-14A proved that they dont care about regular shareholders.
thats not how it works. they are doing 1:500 to 1:1000 RS AND raising AS at the same time. Result = total wipe out of regular shareholders equity.
items #3 and #4 below (pre-14A) are discussion points and NOT the sequence of events! lol
for some reason people are spreading misinformation that they will raise AS first and then perform RS on diluted value shares - this is incorrect! They want to raise AS AND do a wipe out RS.
Lets say you have 100,000 shares at 0.025 ($2,500 total). Raise AS to 3B and you now have 100,000 shares that are now worth 0.0041 (6fold dilution due to AS raise), then they do another 1000 RS so you end up with 100 shares at $4 each...which my guess is tanks back into trips.
------------------
3. To approve the amendment of the Articles of Incorporation to increase the total number of authorized shares of Sysorex’s capital stock from 510,000,000
shares, par value $0.00001 per share, to 3,010,000,000 shares, of which 3,000,000,000 shares will be designated as common stock and 10,000,000 shares
will be designated as preferred stock;
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”)
looks like it is. unless pre-14A is addressed and replaced by more favorable one asap.
“most likely” … current shareholders will not get wiped out by horrendous RS and AS raise? is this really the best argument now? “most likely”?
that 14A turned everything upside down here. there is no reason to raise AS so much on top of horrible 1:500 to 1:1000 RS unless they want to destroy current shareholders. Typical OTC scamming CEO move.
i am sorry but i have to react to the information as it comes in. and things looked promising UNTIL that horrible 14A.
i think the lawsuit forced AS/RS cat out of the bag…
michael bigger is holding notes so he does not care, he will survive AS/RS and convert after. Remember he was selling his shares just recently? Thats why… Common shareholder is another story. Last filing changed everything here for me at least. With that massive AS/RS - It looks like they don’t care about current shareholders.
i am posting this here only because i was very bullish here… until AS/RS filling. sorry but i can’t ignore it and call it “fake”.
all this RS talk and AS raise is too soon for my liking here…
NEWS ANY HOUR/DAY LOL
proactive capital partners note? it would make sense for certain someone to do that. maybe we hear that news soon as well. lol this is getting interesting!