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. “