Replies to post #21532 on Sysorex Inc (SYSX)

[WiseYoda]

Anyone know the outstanding preferred share count and the ratio of them? Typical ration Ive seen is 15 to 1.

[gerry8458]

If the A/S doesn’t get approved then the R/s is automatically not going to happen.

“Proposal 5, the Decrease in Authorized Shares, is contingent upon shareholder approval of Proposal 4 and
the occurrence of the Reverse Stock Split. With respect to all other proposals, including Proposal 4, approval of
any one proposal is not dependent on stockholders approving any other proposal. Therefore, if stockholders approve
one proposal, but not others, except for Proposal 5, the approved proposal would still take effect. Note, however, if
Proposal 9 (ratification of auditors) is not approved, Sysorex's Audit Committee will consider whether it is appropriate
to select another independent registered public accounting firm. Even if the selection is ratified, the Audit Committee
in its discretion may select a different independent registered public accounting firm at any time during the fiscal year
If it determines that such a change would be in the best interests of the Company and its stockholders.“

[skichic]

Lol, that can’t happen, but if it did PPS would tank to the .000’s, because of the run away dilution that has to happen. Like I keep saying- read the last Q, check out that debt. They need to dump a lot of stock to pay it and the PPS needs to be $5.00+, before the dump starts.