Sysorex Inc (SYSX)

[Helter Skelter]

SYSX 8K out yesterday regarding the FACTORING arrangement...got that out of the way and CEO Zaman & bud Vincent had to put their necks on the line, gotta love that part...

Validity of Collateral Guaranty

On the Effective Date, Zaman Khan, the Chief Executive Officer of Sysorex, Inc., and Vincent Loiacono, the Chief Financial Officer of Sysorex, Inc., each executed a Validity of Collateral Guaranty (the “Guaranty”) in favor of SouthStar. The Guaranty secures each and every obligation and debt of the Company under any and all agreements between the Company and SouthStar including, but not limited to, the Agreement. Upon the occurrence of an event of default under the Agreement or the Guaranty, such event of default shall be deemed an event of default under any and all agreements between the parties, and SouthStar, in its sole discretion, shall be entitled to assert any and all rights and remedies against the Company or the Guarantor. The Company is in discussions with SouthStar to amend the Guaranty to only apply to the extent there is any wrongdoing by the applicable officer; however, the Company cannot provide any assurance that such amendment will be agreed to.

Company is hugely UNDERVALUED...on pace for $10 million revenues for 2020...and a market cap of slightly under $175,000. $175 thousand dollars.

SYSX Strong Buy