SYSX: Ostendo is buying 75% of SYSX assets for $68
Post# of 36897
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Posted On: 03/30/2022 9:57:43 AM
SYSX: Ostendo is buying 75% of SYSX assets for $68m+ in return for special class of prefered shares in Ostendo. These shares cannot be "dividend" out until basically "an IPO" or merger "into a listed""ie NASDAQ stock. Seem like Ostendo is looking to go public on NASDAQ and is preping by buying most of SYSX. SYSX seems will be able to at that time "dividend" shares to shareholders.
either way sounds like long term hold could be great and a trade as well
either way sounds like long term hold could be great and a trade as well
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