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The cie has been reported to the SEC for the selling scam they are.
Beware for the next reverse split soon...they will reverse until there is only 1 share left...lol
This trash has finally become so well known as a scam that few buy anymore. I see that Jason is still self dealing none the less. Form 4 for November 6th showing 400,000 shares purchased at a penny while the closing price in that day was $.58. What a scumbag. Market cap now is less than $75K.
FORM 4
https://www.otcmarkets.com/filing/html?id=17955278&guid=6SY-kH1fVo2pJth
Under a buck..............
I sold this at $5 in January.
The tortoise in hibernation, blinked one eyelid today…
At least there isn’t any MM’s driving down the SP. LOL
There is no volume........
Otherwise, maybe.
If you’re a day trader, you might be able to make some money off of this one. But I doubt it anymore.
Staying away - thanks
They screwed me out of 26,000 back in the year of 2017 through 2019. Just listened to Bubae. He will help you out.
How is that even legal in the first place?
Thanks
Anyone still buying into this scam needs their heads examined. The S-8 pretty much says, yep, we screwed you out of your money, yes we will do it again as much as possible, and blame no one but yourselves. 🤣 So buyer beware because we absolutely have no "fiduciary duty" to act in your interest. If you trade this why not just send them a check because they WILL take you money. I have watched them do it for years.
FORM S-8
As filed with the Securities and Exchange Commission on December 27, 2023
https://www.otcmarkets.com/filing/html?id=17146277&guid=tEJ-kWFqhym6chh
Item 6. Indemnification of Directors and Officers
Our Amended and Restated Articles of Incorporation (our “Articles”), provide to the fullest extent permitted by the Nevada Revised Statutes, that our directors or officers shall not be personally liable to us or our stockholders for damages for breach of such director’s or officer’s fiduciary duty. The effect of this provision of our Articles is to eliminate our rights and our stockholders’ rights (through stockholders’ derivative suits on behalf of our company) to recover damages against a director or officer for breach of the fiduciary duty of care as a director or officer (including breaches resulting from negligent or grossly negligent behavior), except under certain situations defined by statute. We believe that the indemnification provisions in our Articles are necessary to attract and retain qualified persons as directors and officers.
These guys did one more big reverse split. What a shame?
I know nothing about it - now offered at $30, but if you look at the prints, it prints. more on the bid.....
I am visiting after a long time here. When did this ATDS turd become a $40.00 stock? Did they change the name or business model?
TFF
Someone must have seen my post and they lowered the ask to $40.
LMFAO
Nobody is willing to offer shares lower than $45?
LMAO SMH
Look back to late 2022 to present. These two guys have been constantly giving themselves shares. Check out the massive dilution in the pipeline represented by the restricted share count. He didn't just dupe the hapless retail trader this time, he appears to have screwed over his lenders this time.
Unrestricted share count of only 24K with 244K in restricted shares. LOL Jason is laughing all the way to the bank and will still make money no matter what on those free shares that they keep handing themselves. Jason steals at will, found a CFO to match, and no one holds them accountable.
Probably will sell them for pennies on the dollar. Jason gives himself shares for doing work for ATDSD. I’m thinking it’s restricted shares.
They just gave themselves shares today! Something about to go down
They don’t have very many shares available. The RS took it down to about nothing.
Yeah and it’s about time for Jason to close down the company. Then again, Jason might sell it for pennies on a dollar.
It isn't clear to me what is going on. Looks like those who took restricted shares will take the loss this time.
It’s trading but less than a hundred shares. It is at 3.00 now and this morning it was.23.
The stock appears to be halted. They should shut it down right now and make those note holders who financed this since the last reverse split eat the loss. Current shareholders will be wiped out anyway with the split and the massive conversions waiting to get into the game . That would finally shut down Jason's share selling scheme. I don't understand why all of these players believe that retail traders will continue to buy this bottomless pile of shares.
No one is buying this stock. Jason time has gone by. It’s time to sell this company. If it is!!!!! LOL
It is just greed by the players. It isn't trading yet and hopefully someone has finally put a stop to this share selling scam. Now would be the best time to shut it down for good in my opinion because those holding this stock are pretty much busted, AGAIN, and should have known better by now. It is about time for all those holding the new convertible debt to get the shaft. Once note holders get scammed the game is over for Jason Remillard's share selling business model. Best case would be for regulators to take away Jason's ability to sell shares and for debt holders to take it out of his hide. Of course debt holders must have been aware of who Jason is so it would also be fitting if they take the loss. This has been a shameful example of regulators allowing this to operate for so long.
Psychotic. But he will do anything to save his baby.
Another NASDAQ up-list reason for the split and just like last time not a stinking chance in he77. LOL When does this trash start trading again and will traders step up and donate for a fourth time. It took almost a year to go from North of $10 to $0.02 this last time. I wager that is will take much, much less time this go around.
Look at at all the convertible debt stacked up in the restricted shares and all the form 4s the past year or so by the CFO and Jason waiting to cash in. Not to mention the deals for the most recent worthless software that needs to be paid for. There is also a new filing for another offering yet to be priced.
If you plan to buy this stock why would you not just mail a check to Jason directly, you will feel much better about yourself by not being duped.
Reverse Split 8K September 20th 2023
Date of Report (Date of earliest event reported): September 14, 2023
https://www.otcmarkets.com/filing/html?id=16940264&guid=yeg-k69wzoiqJth
Reason for the Reverse Stock Split
The Reverse Stock Split was effected to enable the Company to expeditiously meet the minimum price per share requirement for listing on The Nasdaq Capital Market, to which the Company has submitted an application to list its common stock and warrants.
Reverse Split 8K March 11 2022
Date of Report (Date of earliest event reported): January 6, 2022
https://www.otcmarkets.com/filing/html?id=15653048&guid=CKg-kHKnD2dfJth
Reason for the Reverse Stock Split
The Reverse Stock Split was effected to enable the Company to expeditiously meet the minimum price per share requirement for listing on The Nasdaq Capital Market, to which the Company has submitted an application to list its common stock and warrants.
Saw this on OTC Updates and had to smile.
The Company believes that it is a leader in data security and privacy management, providing solutions for All Things Data Security®, across the enterprise and in the cloud.
I don't know what leads them to believe that, looking at their financials.
Only 102,848 shares outstanding after it's 4th R/S in 5 years.
This ceo is a criminal, total share selling scam
Really appreciate it - thank you.
Perhaps in the trips.....
GLTU
Not in my opinion. Jason has a new offering in the works and if you go back through the quarterly filings you can see the very many notes for the past six months or so that are waiting to convert. Like last year, Jason starts high and works it down maintaining control of the selling. Those holding will simply watch their positions deteriorate to the point where they become hopeless. This has been a share selling scam for years. Jason buys products that never found their place in the market for the purpose of promoting the sale of shares. He is very good at it and I have no doubt he will once again rob new traders of this stock.
Brand new to this one - haven't done my DD yet.
Is there a price where this starts to become interesting?
Thanks
Long time watchers knew that Jason was due. Now he has a new offering filed yet to be priced, and a ton of other notes represented by the huge number of restricted shares relative to the OS. Last year the split repriced North of $10 sold off to .02 in less than a year. This time with the huge holdings at .02 I'm hoping that it sells off to $5 in weeks if not days. Holders may as well go ahead and take their losses early because we all know that Jason will be selling it down and leaving little hope for retail flipping. In fact it wouldn't surprise me if Jason plays the short end as well. You would think this game would eventually fail buy Jason always manages to find buyers somewhere.
Nope absolutely no notice whatsoever on any of the social platforms that they are using. Luckily I stumbled upon this website to see the volume breakdown of todays activity and then noticed the most recent comments . He’s pulling another one without giving any advance notice to the shareholders. Pos true piece of work . Pathetic human being
Nice Volume day at .02 for a reverse split notice. I guess many didn't get the memo.
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
Nice find, Jason is such a scum bag. He was sneaky with the last announcement also. What do traders have to look forward to once again? Yep, massive post split dilution. Some will still roll the dice here and Jason counts on it.
ATDS: effective Sept. 20, 2023 a one for 600 reverse split:
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
You have to hand it to Jason, he is a master of raising funds from shares. Another offering filing on the 25th. Who is buying into these offerings that must be unloaded at some point on retail traders. I'm thinking that he can't be anywhere near converting the $931K reg "D" shares repriced at .02. He may just start repricing them again to get them cleared out quickly. There apparently is no shortage of those who believe they are picking up bargains here. Fools and their money are easy marks for a predator like Jason. Nice business model if you can continue to get retail to step up and buy. Surely this new offering signals another reverse split.
Form S-1/A August 25th
https://www.otcmarkets.com/filing/html?id=16888858&guid=4kg-knYSq3IpJth
Jason release his 10K at the end of February. Now six months to the day we get an amended annual report for 2022?
Jason is still struggling to get those regulation "D" shares sold at .02. He is certainly being patient. It will take a very long time at this pace.
Bubae
Wednesday, April 19, 2023 2:33:32 PM
Post# 112573
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171725714
Slow but sure. Looks like another 2 million new shares last month. Jason is doing a good job keeping the price range tight at .02 and not allowing any profit taking by retail. Soak up what volume is available I guess, but it will be a very slow trudge getting the tens of millions of regulation "D" shares priced at .02 into the market. How patient will he be?
Another 8K was filed July 24th outlining new convertible debt deals for more than $1.5 million. He also amended another agreement awarding warrants for 25 million shares at $0.001 a share, exercisable at any time. I honestly can not image what Jason is telling these new investors to have them believe that they can convert those notes. Yet again, I never appreciated how gullible OTC traders can be until I saw how Jason took them for a ride down from north of $10 in the past year.
July 24th 8K
https://www.otcmarkets.com/filing/html?id=16806288&guid=m-N-knSkhmczB3h
Item 1.01 Entry Into a Material Definitive Agreement.
Securities Purchase Agreements
On June 30, 2023, Data443 Risk Mitigation, Inc. (the “Company”) entered into a securities purchase agreement (“Purchase Agreement #1”) with an accredited investor as purchaser (“Investor #1”). Pursuant to Purchase Agreement #1, the Company sold, and Investor #1 purchased, $812,500.00 in principal amount of secured convertible notes (the “Investor #1 Notes”) and pre-funded warrants (the “Investor #1 Warrants”).
Also on June 30, 2023, the Company entered into a second securities purchase agreement...
...the Company sold, and Investor #2 purchased, $718,750.00 in principal amount of secured convertible notes...
As consideration for entering into the Amendment, the Company granted to the Previous Investor warrants to purchase 25,000,000 shares of Common Stock (the “Previous Investor Warrants”). The Previous Investor Warrants have an exercise price of $0.001, are exercisable at any time, and entitle the Previous Investor to purchase up to 25,000,000 shares of Common Stock, subject to adjustment under certain circumstances described in the Previous Investor Warrants.
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New $300k toxic note courtesy of maxim
Latest 10-Q observation
NOTE 3: LIQUIDITY AND GOING CONCERN
The accompanying consolidated financial statements have been prepared (i) in accordance with accounting principles generally accepted in the United States, and (ii) assuming that the Company will continue as a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. After a period of no income, the Company has recently generated increasing income. However, the Company is subject to the risks and uncertainties associated with a business with growing revenue, as well as limitations on its operating capital resources. These matters, among others, raise substantial doubt about the ability of the Company to continue as a going concern. These consolidated financial statements do not include any adjustments to the amounts and classification of assets and liabilities that may be necessary should the Company be unable to continue as a going concern. In light of these matters, the Company’s ability to continue as a going concern is dependent upon the Company’s ability to raise capital and generate revenue and profits in the future.
Summary
Data443 Rik Mitigation (ATDS: OTC) is a solid and fast-growing cyber security company that has seen its shares falling from $1.09 in the past 12 months to 1 cent within the past week. The company has been growing, but convertible note holders have been liquidating without regard to price and have consequently created an extremely undervalued opportunity for investors.
Adds Sophisticated Content Analysis and Intelligent Content Migration Capabilities to Growing Software-as-a-Service (SaaS) Portfolio
RESEARCH TRIANGLE PARK, NC, Aug. 20, 2020 (GLOBE NEWSWIRE) -- Data443 Risk Mitigation, Inc. (“Data443” or the “Company”) (OTCPK: ATDS), a leading data security and privacy software company, is pleased to announce that it has acquired the intellectual property rights and assets of FileFacets®, a Software-as-a-Service (SaaS) platform that performs sophisticated data discovery and content search of structured and unstructured data within corporate networks, servers, content management systems, email, desktops and laptops.
The acquisition has closed, and all assets have been transferred. Terms of the transaction were not disclosed.
8K Filing August 21st 2020
On August 17, 2020, following receipt of written approval from stockholders acting without a meeting and holding at least the minimum number of votes that would be necessary to authorize or take such action at a meeting, Data443 Risk Mitigation, Inc. (the “Company”) filed a Certificate of Amendment to the Articles of Incorporation with the Secretary of State of the State of Nevada to increase the number of authorized shares of common stock from 750,000,000 to 1,500,000,000, effective August 17, 2020. The Certificate of Amendment is attached to this Current Report as Exhibit 3.1. All descriptions of the Certificate of Amendment herein are qualified in their entirety to the text of Exhibit 3.1 hereto, which is incorporated herein by reference.
On August 17, 2020, the holders of 86% of the issued and outstanding shares of stock of the Company entitled to vote took action by their written consent and without a meeting, pursuant to Nevada Revised Statute 78.320. The number of shares entitled to vote was deemed to be 2,620,701,789, representing the total number of issued and outstanding shares of (i) common stock; and, (ii) Series A Preferred Stock converted into common stock for purposes of voting. The Certificate of Amendment to the Company’s Articles of Incorporation to increase the number of authorized shares of common stock from 750,000,000 to 1,500,000,000 was approved. 2,250,000,000 shares were voted in favor of the Amendment, and such stockholders signed a written consent taking such action without a meeting or involvement of the Company. The written consent was delivered to the Company on August 17, 2020. | SUBJECT TO |
Rapidly combining some of the best DRM, eDiscovery, Classification, Identity Governance and DLP technologies into a solution positioned for Privacy and Compliance activities – across virtually any data source and device. The only provider to offer a full GDPR/CCPA request management platform, and an open sourced platform that has over 10,000 active installations.
The ARALOC Boardroom by Data443™ Content Distribution and Board Management System provides custom configured and branded native apps to streamline your corporate board governance and security guidelines. The only product on the market that features an array of user-friendly board content publishing and distribution automation controls, Boardroom requires minimal training and support. Using THE ARALOC Content Library, board members can use dedicated apps to view board materials from their mobile or desktop devices online or offline. With industry-leading fully enabled Rich Media Support, members are able to upload and encrypt all file formats for distribution. System notifications and automatic synchronization ensure board members always have the most recent board content materials. Multi-level views allow multiple boards to be houses and controlled from one central location.
GDPR Compliance
The GDPR Framework WordPress Plugin by Data443 allows for an easy, fast and cost-effective compliance solution for the GDPR. Achieve a fast time-to-value with 12 GDPR articles being met straight out-of-the-box. In a few clicks you can handle DSARs, consent, report and many other GDPR requirements. We are developer-friendly. Everything can be extended; every feature and template can be overridden. We are excited to announce we just hit 100k downloads and 10k active installations.
CCPA Compliance
Data443 ClassiDocs™ allows for an easy, fast and cost-effective compliance solution for the new CCPA. Achieve a fast time-to-value with the five key requirements of CCPA being met straight out-of-the-box. Data443 ClassiDocs™ supports over 200 file types and 400 databases while integrating with your existing DLP/CASB/SIEM/Cloud Solutions. Data443 ClassiDocs™ is the solution for classification, governance, and discovery across all data sources.
ClassiDocs™ takes the effort out of classifying your data by applying the same rules, technology, machine learning, and ongoing classification stewardship throughout the organization. This ensures always-accurate, continually relevant data security for your whole IT estate. ClassiDocs™ is purposefully user-centric to increase adoption and adherence with no training. Ease-of-use control with minimal interruptions and your-company-specific branding allows users to engage quickly and make fewer mistakes. Administration is simple via an easy-to-understand, centralized control panel that delivers both preset and customizable analytics.
RESEARCH TRIANGLE PARK, NC, July 29, 2020 – Data443 Risk Mitigation, Inc. (“Data443” or the “Company”) (OTCPK: ATDS), a leading data security and privacy software company, today announced that it has appointed Mr. Omkhar Arasaratnam, a 20-year expert in information technology and leadership in global cybersecurity projects to its Advisory Board effective immediately.
Mr. Arasaratnam currently serves as Director of Engineering, Assurant Security for Google LLC, and is a Senior Fellow with the NYU Center for Cybersecurity at the NYU Tandon School of Engineering, and a member of the NYU Cyber Fellow Advisory Council. Previously, Mr. Arasaratnam served as Executive Director of Data Project Engineering at JPMorgan Chase, and has previously led security organizations at financial and technology institutions, such as Credit Suisse, Deutsche Bank, TD Bank Group, and IBM. In this capacity, he has revolutionized the effectiveness of cybersecurity controls. He is an accomplished author with several granted patents and has led contributions to many international standards.
DATA443 RISK MITIGATION PROVIDES BUSINESS UPDATE
RESEARCH TRIANGLE PARK, NORTH CAROLINA – (July 13, 2020) – Data443 Risk Mitigation, Inc. (“Data443” or the “Company”) (OTCPK: ATDS), a leading data security and privacy software company, today provided updates on its current business and financing arrangements:
Completed Payments to Modevity, LLC for the ARALOC™ platform, the Secure Private Data Storage, Protection, and enablement platform
As previously disclosed, on October 22, 2018, Data443 acquired all technology, sales assets, and customers of Modevity’s enterprise cloud-based data storage, protection, and workflow automation platform, ARALOC™. ARALOC continues to lead the industry with Digital Rights Management, Secure Content Distribution and nearly instant large organization implementation. Data443 continues to innovate with the product and will have forthcoming product and customer announcements in the near term. Additionally, Data443 has now remitted to Modevity all amounts due under the purchase transaction (over $1.2MM USD) and owes no further amounts or any other consideration to Modevity.
Reached Shareholder-Friendly Forbearance Agreements for Outstanding Convertible Notes
Effective July 1, 2020, Data443 entered into privately negotiated agreements with a number of existing holders of the company’s outstanding convertible notes, which is intended to reduce short-term debt obligations of the company, while also deferring a significant amount of debt which otherwise could have been converted into common stock. The revised terms of these existing convertible notes can be found in the Form 8-K that was filed by the Company on July 10, 2020, which can be accessed at:
https://www.sec.gov/Archives/edgar/data/1068689/000149315220013083/form8-k.htm
Data443 Risk Mitigation, Inc. (OTCPK: ATDS), a leading data security and privacy software company, announced today that it has completed its corporate actions with FINRA and began trading today with its new symbol – ATDS: All Things Data Security™.
Key Takeaways:
Over only the past two years, the company has combined the technology, people and revenue assets of 5 product lines to form one of the fastest growing data privacy organization on the market. These products on their own are market leaders in individual segments of the data security, compliance and governance marketplace.
Jason Remillard, Founder and CEO of Data443 stated, “The wide operating platform we have built has two main purposes – provide a foundation for operating revenues for the company and provide a supporting platform for our forthcoming privacy enablement platforms. We have more announcements coming in both areas in the near term – I am proud of the work of the whole team bringing this all together with all of our constraints – it is a considerable accomplishment!”
Data443 Risk Mitigation, Inc. (OTCPK: LDSRD), a leading data security and privacy software company, today reported operating results for the three and nine months ended September 30, 2019, including net revenue of $628,000 for the quarter, and strong billings growth quarter over quarter. Net billings represent actual sales which include revenues to be deferred over the term of the contract periods.
Jason Remillard, CEO of Data443, commented, “We delivered strong third quarter and nine-month results and continue to make solid progress towards achieving our long-term goals in delivering a complete data privacy, security and governance ecosystem that is unique and unrivaled in the marketplace. I’m very pleased with the seamless integration of DataExpressTM into the Company, along with achieving a significant customer renewal, and more to come! There’s no question that the last several months have been challenging in terms of our recent corporate actions, but I’m very proud of our team for keeping focused on the tasks at hand.”
“As we look towards the end of 2019, we expect to end the year at a very active pace, both commercially, as well as at the corporate level. As of today, we are less than two months away from the California Consumer Privacy Act (CCPA) taking effect, the first significant data consent and privacy legislation in the United States, perhaps the most comprehensive regulations since GDPR. Many companies don’t understand that preparations need to be made now, before the regulation (and enforcement) goes into effect on January 1, 2020. This poses an incredible opportunity to drive home the importance of mitigating these compliance risks, positioning our sales staff to deliver more education and demos, with the goal of increasing our already growing customer base.
LandStar, Inc. (OTCPK: LDSR) (“LandStar” or the “Company”), the parent company of Data443 Risk Mitigation, Inc. (“Data443”), a leading data security and privacy software company, today announced another major client win within its DataExpress™ NonStop (DXNS) Secure Managed File Transfer Service. The customer is a leading global payments technology company that operates in over 200 countries and territories worldwide.
The customer approached Data443 with the following key business challenges:
LandStar, Inc. (OTCPK: LDSR) (“LandStar” or the “Company”), the parent company of Data443 Risk Mitigation, Inc. (“Data443”), a leading data security and privacy software company, today announced it has completed the acquisition of DataExpress™, one of the world’s leading vendors for secure sensitive data transfer for hybrid cloud.
Key Takeaways:
LandStar, Inc. (OTCPK: LDSR) (“LandStar” or the “Company”), the parent company of Data443 Risk Mitigation, Inc. (“Data443”), a leading data security and privacy software company, today announced continued momentum in its product line with the addition of high-profile new data sources to enable in CCPA, GDPR, eDiscovery, archiving and data retention requirements.
The growing platform list of integrations include support for leading social media channels such as Twitter, Facebook, Instagram and LinkedIn. These platforms are rife with potential privacy information and have a large part to play in any litigation response.
Within ArcMail’s recently released Hybrid Cloud/On-Premise Software Subscription service, customers are enabled to search faster, store smarter, and protect better in light of increasing data privacy and compliance requirements. For highly-regulated industries like education, financial services, and government, ArcMail’s Hybrid Cloud/On-Premise Software Subscription service allows the organization to leverage a subscription-based service for full and continuous coverage, while reducing IT burden and spend.
TheAccessHub™ accelerates Identity Governance time-to-value by more than 2,600 percent
LandStar, Inc. (OTCPK: LDSR) (“LandStar” or the “Company”), the parent company of Data443™ Risk Mitigation, Inc. (“Data443”), a leading data security and privacy company, and N8 Identity, Inc. the leader in agile, cloud-based identity governance solutions, today announced a major client win following a three-month pilot.
The new client, a global NYC-based 1.4B market cap NYSE-traded organization, approached Data443 and N8 Identity with the following key business challenges...
LandStar, Inc. (OTCPK: LDSR) (“LandStar” or the “Company”), the parent company of Data443™ Risk Mitigation, Inc. (“Data443”), a leading data security and privacy company, today announced the completion of joint efforts with finance partners resulting in the favorable new terms on existing debt. Additionally, the Company has received notice of final conversion of the $125,000 legacy convertible note issued by the Company in 2014 and subsequently acquired by Blue Citi LLC (“Blue Citi”).
Effective June 19, 2019 the Company and three existing note holders have agreed as follows:
LandStar, Inc. (OTCPK: LDSR) (“LandStar” or the “Company”), the parent company of Data443™ Risk Mitigation, Inc. (“Data443”), a leading data security and privacy company, announced today that it has received notice from the Securities and Exchange Commission (the “SEC”) that the SEC has completed its review of the Form 10 Registration Statement as filed with the SEC on January 11, 2019; and, amended on April 24, 2019. The Form 10 was effective as of March 12, 2019. The completion of review by the SEC further confirms the Company’s commitment to being subject to the reporting requirements of the SEC, and specifically of the Exchange Act of 1934, as amended. While the Company has already filed an Annual Report on Form 10-K and five (5) periodic reports on Form 8-K since the filing of the Form 10, the Company will not be required to file any further amendments to the Form 10.
Jason Remillard, Chief Executive Officer of the Company and founder of Data443, said, “The completion of the review of our Form 10 by the SEC is yet another milestone achieved in our continued growth. We view it as a validation of our reporting process and financial management, which continues to evolve. Similar to when the Form 10 went effective back in March, this also underscores our commitment to provide our investors with transparency and accountability.”
“We are excited to bring Mr. Dawson onto the Data443 team to help us achieve our growth goals and support both our investor and client communities,” said Jason Remillard, founder and CEO of Data443. “His expertise will make an immediate and long-term impact on our business and we are especially enthusiastic about his ability to build and manage finance and accounting practices within complex, highly-regulated industries.”
LandStar, Inc. (OTCPK: LDSR) (“LandStar” or the “Company”), the parent company of Data443™ Risk Mitigation, Inc. (“Data443”), a leading data security and privacy software company, today filed its Form 10-K with the U.S. Securities and Exchange Commission (the “SEC”) to disclose its financial results for the fourth quarter and fiscal year ended December 31, 2018.
Key Takeaways:
Management Commentary:
Jason Remillard, Founder of Data443 and CEO of LandStar, commented, “2018 was much more than a transitional year for LandStar; it was a major foundational year in which we established the platform that the Company is being built upon. I’m excited to say that we are now at the point where we can accelerate the pace of our planned corporate actions, as well as continue on our product development and acquisition roadmap.”
“These results only validate what has been our growth strategy all along; to acquire highly successful companies with complementary technologies and skill-sets that can easily fit and rapidly enhance our market positioning, provide a healthy customer base, and that are accretive to our bottom-line. I’m happy to report our initial revenues, and look forward to subsequent quarterly reports, when the full-quarter’s contribution of revenues from our acquired businesses will be reflected in our financial statements.”
LandStar, Inc. (OTCPK: LDSR) (“LandStar” or the “Company”), the parent company of Data443™ Risk Mitigation, Inc. (“Data443”), a leading data security and privacy company, announced that it is has launched its online ordering platform for the ARALOC™ Board Management product.
Jason Remillard, Chief Executive Officer of LandStar and founder of Data443™, commented, “As we continue our marketing campaigns, the ability to order and provision online is an important step in the customer buying journey. Our trial and buy portal has been long planned and we are pleased to offer several different editions of the leading ARALOC Board Management Software platform. We will introduce more purchase options for the ARALOC platform and the rest of our product catalogue over the near Our existing stockholders may experience significant dilution from the sale of our common stock pursuant to the Financing Agreement.
The sale of our common stock to PAG Group, LLC in accordance with the Financing Agreement may have a dilutive impact on our stockholders. As a result, the market price of our common stock could decline. In addition, the lower our stock price is at the time we exercise our put options, the more shares of our common stock we will have to issue to PAG in order to exercise a put under the Financing Agreement. If our stock price decreases, then our existing stockholders would experience greater dilution for any given dollar amount raised through the offering.
The perceived risk of dilution may cause our stockholders to sell their shares, which may cause a decline in the price of our common stock. Moreover, the perceived risk of dilution and the resulting downward pressure on our stock price could encourage investors to engage in short sales of our common stock. By increasing the number of shares offered for sale, material amounts of short selling could further contribute to progressive price declines in our common stock.
PAG Group, LLC will pay less than the then-prevailing market price of our common stock, which could cause the price of our common stock to decline.
Our common stock to be issued under the Financing Agreement will be purchased at a ten percent (10%) discount, or ninety percent (90%) of the lowest closing price for our common stock during the ten (10) consecutive trading days immediately preceding the date on which we issue a Put Notice to PAG (as provided for in the Financing Agreement).
PAG has a financial incentive to sell our shares immediately upon receiving them to realize the profit between the discounted price and the market price. If PAG sells our shares, the price of our common stock may decrease. If our stock price decreases, PAG may have further incentive to sell such shares. Accordingly, the discounted sales price in the Financing Agreement may cause the price of our common stock to decline.
We may not have access to the full amount under the Financing Agreement.
The lowest closing price of our common stock during the ten (10) consecutive trading day period immediately preceding the filing of this Registration Statement was approximately $0.26. At that price we would be able to sell shares to PAG under the Financing Agreement at the discounted price of $0.234. At that discounted price, the 4,046,995 shares would only represent $946,997, which is far below the full amount of the Financing Agreement.
"Data443 has joined forces with Business Partner Solutions, Inc. (BPS), a U.S.-based security focused value-added reseller (VAR). Founded in 2005, BPS is a certified CPUC and Woman Owned and Operated enterprise, a proven go-to for security VAR focused on providing emerging but proven security and compliance solutions to its customers. These clients include many Fortune 500 companies, public utilities, healthcare and retail. The partnership expands U.S. market coverage for Data443’s growing portfolio of products and aligns the company with a leading reseller that has specific expertise in data security, privacy compliance, and risk mitigation."
Data443, a leading data security and privacy company, announced today the completion of the audit of its Consolidated Annual Financial Statements for the fiscal years ending December 31, 2016 & 2017. An independent auditor (which is a PCAOB registered accounting firm) completed two consecutive years of the audits of the Company’s financial statements within the guidelines of Generally Accepted Accounting Principles (GAAP). The results will be filed without delay with OTC Markets as an amendment to the Company’s previously filed financials for its year ending December 31, 2017.
https://www.data443.com/pr-n8-letter-of-intent/
Recorded audio of the session can be accessed here:
https://www.data443.com/investor-faq/
Data443/ClassicDocs Competitive Review
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WORD PRESS PLUGIN INFO
Data443 Secures Global Rights to Leading WordPress GDPR Solution
https://wordpress.org/plugins/gdpr-framework/advanced/
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"A Serious Effort at GDPR Compliance. GDPR compliance is a complicated matter. Definitely not something you want to wing by yourself. And definitely not something you want to ignore. The obvious solution is a plugin that guides you through the process of making your site compliant. This plugin is the easiest and most comprehensive attempt that I have found so far. It has a wizard that walks you through the setup and lots of options you can configure afterward. It even builds a page where users can download and delete their personal data. It’s written by developers for developers, so you can customize just about everything. In today’s world, you’d expect to pay a hefty annual subscription for something like this. But the developers are providing it for free. All they’re asking is a five-star review, and I’m happy to give it to them. Thanks guys!"
"My colleagues and I are amazed at the functionality of this plugin. We researched many solutions to adding GDRP compliance to our client’s sites and your FREE plugin was the best. The documentation you include was essential to our understanding of GDRP.
We were also impressed at how fast the support team responded with fix a recent glitch with a new feature."
"This plugin cuts the time it takes to understand the new guidelines in half! So easy to use, everyone should be using it."
"Very happy with this plugin. There is attention to detail and it works well for visitors wanting to download the data we have. Very much hope they add the cookie policy part soon so we can have everything just under this one plugin. Big thanks and appreciation to the developers "
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