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We have the patents and own the tech, we should showcase it on the website to capture any interest possible. As nt2innovate said, the Federal government made decisions already on encryption that Cipherloc was not part of with the PEC.
Great question and a few answers. There's no 800-53 certification. That standard is primarily for accreditations within the Federal, but mostly DoD, environments. That can apply to a whole network or a single system. As a company, we aren't looking at that control standard as something reasonable to follow.
FedRAMP is a version of 800-53 that applies to software that is cloud based, or SaaS, that the government wants to use. We could be looking at getting Enclave through FedRAMP if the timing and cost make sense (it's a long and costly process). There's plenty of ways to sell into the government without having to go through FedRAMP.
Figure I'd hand deliver our Q2 10Q to this group. See you on the conference call. You can still submit questions to us via ir@sidechannel.com until 4pm ET today.
https://investors.sidechannel.com/sec-filings
I wonder if we are NIST 800-53 certified?
Or if we are FedRAMP certified?
Saw that as well. Wonder if it is just being used to showcase the full company tech potential or if they now see interest from clients for the product. I discussed with Brian in the past and he mentioned that feds had already agreed on post quantum encryption standards a few years ago via competition which Cipherloc never bothered to enter. I suppose those standards could always evolve with all the cyber attacks that we see now days.
Interestingly, some family office financial company (forgot the name) called me a couple of weeks ago and left message asking if I want to sell my Paulson shares. Not sure if that has any relation to the recent activity. I am still accumulating as well.
Good luck tomorrow Brian.
May 2, 2024 8:00 AM
SideChannel, Inc. Announces Financial Results & Corporate Update Conference Call
Second Quarter Conference Call & webcast on May 7, 2024 at 4:30 pm ET
WORCESTER, MA / ACCESSWIRE / May 2, 2024 / SideChannel, Inc. (OTCQB:SDCH) ("SideChannel"), a leading provider of cybersecurity services and technology to emerging and middle market companies, announced a change in its schedule for releasing the fiscal year 2024 second quarter financial results from May 8, 2024 to May 7, 2024. The call will be held at 4:30 pm Eastern Time.
SideChannel's second quarter ended March 31, 2024.
SECOND QUARTER CALL INFORMATION
Date: Tuesday, May 7, 2024 at 4:30 P.M. Eastern Standard Time
Dial In: Toll Free: 888-506-0062
International: 973-528-0011
Participant Access Code: 789473
A webcast of the call will also be available: https://www.webcaster4.com/Webcast/Page/2071/49678
Participants may register in advance for the call using the webcast link.
The call will include management remarks and a live question and answer session. Questions may be submitted prior to the meeting using ir@sidechannel.com.
About SideChannel
SideChannel helps emerging and mid-market companies protect their assets. Founded in 2019, the Company delivers comprehensive cybersecurity plans through a series of actions branded, SideChannel Complete.
SideChannel deploys a combination of skilled and experienced talent, and technological tools to offer layered defense strategies supported by battle-tested processes. SideChannel also offers Enclave; a network infrastructure platform that eases the journey from zero to zero-trust. Learn more at sidechannel.com.
Investors and shareholders are encouraged to receive to press releases and industry updates by subscribing to the investor email newsletter and following SideChannel on X and LinkedIn.
SideChannel
146 Main Street, Suite 405
Worcester, MA 01608
Investor Contact
Ryan Polk
ir@sidechannel.com
Interesting.....on the website under products.....
Enclave
RealCISO
AND...
Polymorphic Encryption Core (PEC)
Good for you, vCiso. I think you'll be rewarded handsomely.
Not only would I not sell, I have been an active buyer.
I have been investing since 2000, finally seeing light at the end of the tunnel. There is no way I would sell now
Conference call/earnings call on Tuesday may 7. Changed from may 8. 430 est. Should be good
Some of these sellers have been in this name for a long time and with a cost basis over a buck, they just want out. They don't care that the stock trades 1x revenues. They don't care about increasing margins or new products / services. Fewer and fewer of these type of sellers remain.
22over....I totally agree. On the same note, I just can't comprehend why anyone would sell at this point.
Don't fret.
200,000 shares traded below .04cents.
$8K.
Chumpechange.
100,000 shares traded around .05cents.
You can move this stock 25% with about $10k
Yes, it's ridiculous.
Earning report imminent.
The Board and C-Suite are far too experienced to be satisfied with a $8M market cap company.
Things will change.
To some, this might seem like an insignificant filing—no big deal, right? But…
Under what circumstances might stock be preferred to cash?
Any guesses?
Well, it appears the Board considers company stock to be more valuable than cash, at least in the long run.
Thee Board understands.
Earnings / CC in about a month. Should be interesting.
8-K released ‘tis afternoon (4/15)
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 9, 2024, by unanimous vote of the Board of Directors (the “Board”) of SideChannel, Inc. (the “Company”) passed the following resolutions:
1. The Board has determined to eliminate two of the Committees of the Board of Directors including:
The Compensation Committee comprised of the following directors: Robert Brown, Deborah MacConnel, and Kevin Powers
The Nomination and Corporate Governance Committee comprised of the following directors: James Hansen, Brian Haugli, Deborah MacConnel, Kevin Powers, and Hugh Regan, Jr.
2. The Board has determined to eliminate all cash compensation paid to its directors.
3. The Board has determined to eliminate all stock compensation paid to its directors. No agreements have been entered for this arrangement but are forthcoming.
4. The Board has determined to implement an equity incentive plan for its directors.
5. The Board has determined to compensate Director Hugh Regan, Jr. at a rate of $7,500 per quarter for services provided as chair of the Audit Committee. No agreements have been entered for this arrangement, but are forthcoming.
As always Brian, we appreciate your transparency on this board.
Thoughts on the new monthly investor newsletter?
Didn't get it? Read the blog version and sign up at the link to receive this monthly as an email. It will include a note from myself and our CFO, Ryan along with upcoming events, industry news, and other info. We anticipate this sending out ever month around the end of each month.
https://sidechannel.com/investor-newsletter/sidechannel-sdch-march-2024-investor-newsletter/
Always good to see…
$SDCH new insider buying: 52500 shares. http://insiderbuyingselling.com/?t=SDCH
Stock recently moved ahead of the 200-day moving average. Locating stock — at these levels — is not easy.
https://www.cnn.com/2024/03/19/politics/cyberattacks-water-systems-us/index.html?soc_src=aolapp
Brian, are we bidding on these government contracts??
Nice to know our CEO is buying stock. But holy ship he owns a ton of stock.
I just bought 100000 shares last week.
Im a believer.
#SideChannel
So you hear it from me first ;) SideChannel CEO buys $3,675 in company stock
https://www.investing.com/news/stock-market-news/sidechannel-ceo-buys-3675-in-company-stock-93CH-3342756
Sorry, but pump and dumpers of complete CRAP like yourself... do not deserve to be be taken seriously IN ANY REGARD!
That said... I have no issues with SideChannel.
🤡
Give me a break! You tried to deny many from monstereous profits .002. To .10. Relentlessly. Do you have issues with this ticker now?
I have never criticized the company since Brian took over, have I?
I genuinely hope you are able to recover some of what the previous 2 management teams did to your investment!
And where is BANT now? A couple more reverse splits and back down to under 2 cents!
OBVIOUSLY I was right that it was a POS!
All those poor bagholders...
☠️
I bought a huge load at the bottom. Contrary to some advice that was given. I'm happy as hell and here for the long haul. With these purchases, I am finally averaged at a very nice number.
I have a feeling several others have followed me.
#mdlgwasacon
#brianismyhero
#legit
No, just noticing a pattern with you. You bashed b*ant from .002 to .10. Learn to zip it. 🤫
So you bought at the bottom and sold already at the high, eh?
Sure...
🤡
They always are. You miss enormous gains.
My post was stupid?
Are you defending MDLG?
FACT: I was 100% correct about him from the get-go!
It's up 300% from your stupid post!!!
I did see an ad for sidechannel when I was playing games on my phone
So, I spent 17 hours in the car yesterday traveling home from Florida. I listened to XM Radio all the way. I listened to commercials the whole way. Some were repetitive, but they definitely made me think. Should SideChannel explore the idea of advertising like this? Would it be an easy way to expand, or would it be too much trouble? I was just wondering.
I noticed that as well. As I posted previously, there seems to be little inventory at these levels. Ipso facto, buyers will likely need to pay up. Have a nice weekend.
“Well, I guess if a person never quit when the going got tough, they wouldn't have anything to regret for the rest of their life. But good luck to you Peter. I'm sure this decision won't haunt you forever."
- Lance Armstrong.
The following should be highlighted, in bold, italicized and underlined:
“We are poised for unprecedented growth and innovation, driven by our strengthened leadership team.”
SideChannel Announces New Board of Directors Appointments and Re-Election of Chairwoman
Worcester, MA – February 21, 2024 – SideChannel, Inc. (OTCQB:SDCH) (“SideChannel” or the “Company”), a leading provider of cybersecurity services and technology to emerging and middle market companies, is delighted to announce the appointment of two esteemed professionals, General (Retired) Robert Brown, and Mr. James Hansen, to its Board of Directors. The Company also announces the addition of Mr. Nick Hnatiw, the company’s Chief Technology Officer, to the Board, and the re-election of Deborah MacConnel as Chairwoman of the Board. These strategic appointments and re-election underscore SideChannel’s dedication to leadership excellence and innovation in addressing cybersecurity challenges.
General (Retired) Robert Brown brings a wealth of leadership and national security experience to the board. His distinguished military career, culminating as a four-star general and his final command of the United States Army Pacific, highlights his exemplary commitment to service and strategic acumen. General Brown’s involvement with the Association of the United States Army (AUSA) as Chief Executive Officer and his recent appointment as the Chairman of the Armed Services YMCA (ASYMCA) Board further highlight his dedication to supporting military communities and enhancing national security.
Mr. James Hansen joins the board with an impressive background in the cybersecurity sector. His recent role as CEO of a leading cybersecurity software company, coupled with his tenure as President and COO at Swimlane and COFENSE, underscores his deep understanding of the cybersecurity challenges facing organizations today. Mr. Hansen’s experience as a co-founder and COO of Mandiant (now part of Google “GOOG”) demonstrates his expertise in managing high-stakes cyber incidents and his commitment to advancing cybersecurity resilience.
Mr. Nick Hnatiw, who has served as SideChannel’s Chief Technology Officer since November 2020, joins the Board with over 15 years of experience in creating cutting-edge software technologies. His leadership in developing security solutions and his prior roles supporting U.S. Cyber Command and Intelligence Agencies solidify his expertise in cybersecurity and technology innovation.
Deborah MacConnel has been re-elected as Chairwoman of the Board, continuing her leadership role in steering the strategic direction of SideChannel. Her re-election reflects the board’s confidence in her leadership and her significant contributions to the company’s success.
Brian Haugli, CEO of SideChannel, shared his enthusiasm about these developments: “The addition of General Brown, Mr. Hansen, and Mr. Hnatiw to our Board, alongside the re-election of Deborah MacConnel as Chairwoman, marks a significant milestone for SideChannel. General Brown’s strategic insights, Mr. Hansen’s cybersecurity acumen, and Mr. Hnatiw’s technological expertise, under the continued guidance of Chairwoman MacConnel, will be invaluable as we navigate the evolving cybersecurity landscape. We are poised for unprecedented growth and innovation, driven by our strengthened leadership team.”
The appointments and re-election are effective immediately, with the new board members actively contributing to SideChannel’s mission of providing advanced cybersecurity solutions to protect against emerging threats.
For more information about SideChannel and its solutions, please visit https://sidechannel.com.
Business Description: SideChannel, Inc. (the “Company” or “SideChannel”). Effective July 5, 2022, the Company changed its name to “SideChannel, Inc.” following its acquisition of SideChannel, Inc., a Massachusetts corporation, on July 1, 2022. SideChannel is committed to creating top-tier cybersecurity programs for mid-market companies to help them protect their assets.
Our mission is to make cybersecurity easy and accessible for mid-market companies, a market that we believe is currently underserved. We believe that our cybersecurity offerings will identify and develop cybersecurity, privacy and risk management solutions for our customers. We anticipate that our target customers will continue to need cost effective security solutions. We intend to provide more tech-enabled services to address the needs of our customers, including third-party risk management, due diligence, privacy, threat intelligence, and managed end-point security solutions. To supplement our legacy licensing program, we are building our own applications that we intend to sell directly to enterprises and managed security service providers. Enclave our first internally launched product, is designed to be an easy-to-use platform for organizations that are seeking to control communication between devices; and to fully encrypt traffic between those devices. Enclave is designed to provide a simple and cost-effective solution for multiple devices, as compared to current complex cost-prohibitive solutions, which we believe require technical personnel to operate. Enclave is designed to make microsegmentation available to everyone at a low cost, and with minimum technical administration.
IR Page: https://investors.sidechannel.com/
IR Email: ir@sidechannel.com
DIRECTORS, EXECUTIVE OFFICERS, AND CORPORATE GOVERNANCE
The CEO, directors, and officers of the Company will hold office until additional members or officers are duly elected. The background and principal occupations of the directors and officers of the Company are as follows:
Debbie MacConnel, Chairwoman of the Board, Independent Director, has been involved in the computer industry for 34 years, retiring recently from the IBM Corporation after 28 years. Prior to her retirement, Ms. MacConnel was instrumental in transforming information technology for IBM’s human resources function, which supported up to 450,000 employees. Ms. MacConnel’s team at IBM was also responsible for transforming the succession planning process for executive selection and promotion, along with enhancing the processes for mergers and acquisition management and talent acquisition. Ms. MacConnel qualifies as an independent member of the Company’s Board of Directors. LinkedIn bio: https://www.linkedin.com/in/debbie-macconnel/
Brian Haugli, Director, President & Chief Executive Officer, has been the CEO of SideChannel since September 2017. Since October 2020, Mr. Haugli has been the founder of RealCISO, a cybersecurity risk assessment SaaS platform, and has been the creator and host of #CISOlife YouTube and Podcast since August 2019. Mr. Haugli was an Adjunct Professor at Boston College from June 2020 through January 2022, an advisor to Zscaler from September 2019 to 2020, and worked for the Hanover Group from May 2015 to April 2019, most recently as VP, Chief Security Officer. LinkedIn bio: https://www.linkedin.com/in/brianhaugli/
Ryan Polk, Chief Financial Officer, brings more than 25 years of experience in executive and financial roles at companies ranging from emerging growth to the Fortune 500. Mr. Polk has been the principal of Perissos Partners, an executive consulting firm, since June 2017. While at Perissos, Mr. Polk served in CFO roles at Generation Next and Cellpoint Corporation. From July 2011 to May 2017, Mr. Polk served in executive roles in the portfolio companies owned by Lacy Diversified, a family office based in Indianapolis, IN which actively managed investments in distribution, light manufacturing, and supply chain management with combined revenue approaching $2 billion. He also led the mergers and acquisition team for Lacy. From August 2008 to June 2011, Mr. Polk served as the Vice President for Corporate Financial Planning and Analysis for Brightpoint, a publicly traded, Fortune 500 mobile device logistics company, based in Indianapolis, IN prior to its sale to Ingram Micro. He began his career at Ernst & Young in the firm’s tax consulting group. Mr. Polk earned a Bachelor of Science in Accounting and Industrial Management from Purdue University – Krannert School of Management in 1990. Mr. Polk is also a certified public accountant (inactive). LinkedIn bio: https://www.linkedin.com/in/ryan-polk/
Hugh Regan, Independent Director, recently retired from his role as Secretary, Treasurer and Chief Financial Officer of inTEST Corporation, a publicly traded manufacturer of capital equipment used in the semiconductor industry and other markets, and currently works as a private consultant to businesses, assisting them with various strategic issues. Mr. Regan served in his roles at inTEST for just over 25 years, from April 1996 until June 2021. From 1985 to April 1996, Mr. Regan served in various financial capacities for Value Property Trust, a publicly traded real estate investment trust, including Vice President of Finance from 1989 to September 1995 and Chief Financial Officer from September 1995 until April 1996. Mr. Regan qualifies as an independent member of the Company’s Board of Directors and will serve as the Chairperson of the Company’s Audit Committee. LinkedIn bio: https://www.linkedin.com/in/hugh-regan-50a1201/
Kevin Powers, Independent Director, is the founder and director of the Master of Science in Cybersecurity Policy and Governance Programs at Boston College and is an Assistant Professor of the Practice at Boston College Law School and in Boston College’s Carroll School of Management’s Business Law and Society Department. Mr. Powers is also a Cybersecurity Research Affiliate at the MIT Sloan School of Management, and he has taught courses at the U.S. Naval Academy, where he was also the Deputy General Counsel to the Superintendent. Mr. Powers qualifies as an independent member of the Company’s Board of Directors. LinkedIn bio: https://www.linkedin.com/in/kevin-powers-54893a8/
5/17/22 - 87,560,647
4/3/23 - 149,571,281
11/24/23 - 214,041,082
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