Inpixon (INPX): $10.6m Sysorex loan written off as loss....

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Alias Born	01/17/2020

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Wednesday, 03/04/2020 7:25:50 AM

Wednesday, March 04, 2020 7:25:50 AM

$10.6m Sysorex loan written off as loss. Equivalent to over two years of gross profits for INPX. I saw this coming, and it's not the end of the story. If Sysorex goes bankrupt or is taken to court, the legality of the spin-off will be questioned. A spin-off is fraudulent if it leaves a child company with inadequate operating funds. Inpixon will be on the hook for Sysorex's other debts, last reported to be about $10m. Hence INPX's $50m offering just announced.

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