Sysorex Inc (SYSX)

[Louman]

So they are increasing the AS to gain 10m preferred, then RS, keep the 10m preferred, then put the AS back to where it was? So they get voting power and hose the commons.

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”);

5. To approve the amendment of the Articles of Incorporation, which approval is contingent upon shareholder approval of and the occurrence of the Reverse Stock Split, to decrease the total number of authorized shares of Sysorex’s capital stock from 3,010,000,000, par value $0.00001 per share (assuming that Proposal 3 is approved by stockholders and implemented), to 510,000,000 shares, of which 500,000,000 shares will be designated as common stock and 10,000,000 shares will be designated as preferred stock (the “Decrease in Authorized Shares”);