Sysorex Inc (SYSX)

[StockLogistics]

On November 4:

“With Ethereum north of $4,500, Sysorex owns more than $5.5 million in Ethereum generated by its mining operations, predominantly at this data center“

Ethereum is now at 4,000 per coin so about .6 less, about 4.9 million plus one month of mining brings it back up to probably to 6 million ETH or so.

Cash number was at the end of q-3, that was September 30, two months of administrative costs and plus this cost:

“The purchase price paid by Sysorex for the balance of the data center and GPUs was $1,000,000 and 1,000,000 shares of restricted Sysorex common stock.”

So their cash balance is probably between 2 and 3 million.

Minus 5.3 million for judgement minus lawyers fees for any lawsuits that may be pending for corporate negligence, how do you not know that you owe someone that much, etc., back to near square one. Their operating costs won’t likely be able to be paid in cash. Unless there is some way they don’t pay the judgement like it they issue shares for it, which is dilutive.

“Due to miscommunication with Tech Data, the Company inadvertently failed to pay, when due, some of the installment payments in the aggregate principal amount of $3,341,801.80, as set forth in the Note and has defaulted under the Note.”

Wait…what… miscommunication ? What? With CoVid being so rampant maybe they thought they could let it slide until the other company went out of business? Who knows, shareholders can only speculate as is their right when provided an inadequate explanation. This type of “responsible” management earned a 6.86% increase in share price today, what a backwards market. 99 times out of 100 this type of news would be devastating to a company and its SP, nobody is paying attention ?