Replies to post #8031 on Sysorex Global Holdings Corp. (SYRX)

[$UPERMAN]

Dammit. lol

Wheres my Tissues?

[bimlake34]

They'll cancel the 1-for-2 reverse stock split if the stock trading continues in the current range.

Quote: "We have assumed a 1 for 2 ratio to approximate the $6.00 per share assumed initial public offering price."

Key words: "assumed" and "approximate".

SYRX is already trading in the OTC Pink and the company cannot predict what its price will be when it IPOs on the NASDAQ. Furthermore, the NASDAQ requires any company that IPOs to enter with certain per-share price minimums, explained here:

http://www.lexisnexis.com/legalnewsroom/securities/b/securities/archive/2012/04/27/new-nasdaq-2-3-initial-price-listing-standards.aspx

Remember that reports of a Sysorex IPO started when SYRX was trading in the $1 to $3 range, so the company probably had to propose a reverse split in order to increase its per-share price and qualify for the IPO's minimum per-share price requirements.

Now the stock is trading above that range. So the company will probably do either one of two things:

- Cancel the reverse stock split
- Perform the reverse stock split and adjust the per-share price accordingly. For example, if the stock is trading in the OTC Pink at $5/per share when they move to the NASDAQ, and they do the 1-for-2 reverse split, they'll IPO on the NASDAQ at $10/per share.

That's my opinion.