Phoenix Rising Companies Inc (PRCX)

[exisnet]

They $ysx defaulted on their notes and there’s a provision said could short their dilution…

Note holders showed no mercy shorted from $15 share and covered via their own dilution based on 50% discount on vwap 5 day, repeat over and over til sub-penny and OS recently maxed out to A/S.

$68mm asset closing by 24may. But holders are risking a A/S increase before 24May, That ticker very high risk

“Sysx had a venture fund purchase 15% of the company , 46 million shares to kick off their run. Aka michael bigger of Bigger Capital.

Prcx needs a breather. did 200% in a day and pulled back 30% today on the heel of that. There is nothing bearish or suprising about pullback and consolidation.

Patience and dip adds will prevail here. “