Replies to post #20287 on Sysorex Inc (fka SYSX)

[skichic]

The def 14a says it will be between 500 and 1000 for 1. Here is the exact statement:
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”);

[skichic]

This is taken from the Def 14a: Assuming stockholders approve the Reverse Stock Split Amendment, the effective date of the Reverse Stock Split will be determined at the sole discretion of the Board of Directors, and may occur as soon as the day of the Annual Meeting; provided, however, that in no event will the Reverse Stock Split become effective until it has been processed by the Financial Industry Regulatory Authority (“FINRA”). The effective date of the Reverse Stock Split will be publicly announced by Sysorex. The Board of Directors may determine, in its sole discretion, not to effect the Reverse Stock Split and not to file any amendment to our Articles of Incorporation.

[skichic]

How do you figure? Absolutely nothing in the Def 14a indicates that. It most likely will take place by Sept 1st, if not before.