SideChannel Inc (SDCH)

[DamnedYankeeFan]

The company admittedly hasn't even finished full development of the product. Interesting - What I find more interesting is that some believe that the company will be able to sell vapor to a card association or issuer and survive due diligence from their internal vendor risk assessment teams. VISA, MasterCard, CMS, or any bank do a considerable amount more of due diligence pre contracting. Gawk, Inc (a non reporting pink sheet company) may have executed an agreement with the company based on a PowerPoint deck but I don't believe that any of the organizations listed would.

They look for financial solvency, they review SAS70, SSAE16, or ISO documentation as well as related credentials and certifications. I'd bet real money the company hasn't completed any of those documents because they're expensive and time consuming.

A legitimate CTO and COO working with outside auditors (certified to perform that level of review) take on average 3-4 months to complete. The company couldn't even build its own EMR and go through MU2. They had to white label AstralJet and rebrand as a reseller. Vapor may get the company a "meeting" but anything else would be pie in the sky. IMO