Sysorex Inc (SYSX)

[dozendogs]

The actual float feels like 500mil - 800mil.

Actually from the S-1 filing we know that

A.Of the approximately 2,484,426,501 shares of our common stock outstanding as of November 16, 2022, approximately 1,933,270,220 shares are tradable without restriction.

B. Insiders including Bigger holds about 1,146,000,000 shares. (excluding Warrants 2's 500mil shares)

A(1,933,270,220 ) - B(1,146,000,000) = Float (787,279,220)

The float is 787,279,220. 1,697,147,281 shares are 'locked'

I have a couple of questions regarding the recent sale of more than 50% of the company's shares.

1. Why did management decide to sell 50% of the shares for $250k ($500k less fees)?
2. Are the remaining noteholders content with this decision, instead of the management honoring the note conversion?

Additionally, is the management currently in the process of onboarding another company, which could explain the sale of a significant portion of the shares?