Replies to post #18131 on Sysorex Inc (SYSX)

[Midwestrader]

The AS will not be split,just the OS and float. But....why pull an RS on a ticker with only 500M shares in the OS??

[skichic]

They have to do an RS, I’ve been saying that for the last couple of weeks. Bigger can’t convert at these levels, they can’t do any kind of a deal with anyone, with as much debt as they have. They’ll RS then immediately start diluting to pay the bills. To pay Bigger at a $5.00 starting point will take far fewer shares, plus there is another 12 million dollars in debt. They made 5 million in revenues according to the last q, but still lost 2 million dollars. Once they get balance their sheet cleaned up, they might come out OK. I don’t know how anyone thought they could do a 60 million dollar deal with Ostendo with their financials.