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Let’s consider a scenario where there are 1,000 shareholders (that's a decent ballpark # for sc). At any given moment, it’s reasonable to expect around 1% of holders will decide to sell. This isn’t far-fetched at all. A portion of that 1% may go through a full-service broker—perhaps they use Schwab instead—but offloading underperformers, or cleaning up a portfolio, is completely normal.
Just yesterday, the traded dollar value stood at approximately $30K. For perspective, that’s equivalent to just 30 shares of Netflix. Yes, you read that right—30 shares. Peanuts.
Regarding the share count, yes there are 225 million shares outstanding, but it’s also important to note that the float is actually under 90 million. And 115M or so of the OS are controlled by insiders.
Btw. . . A split wont happen anytime soon. A ridiculous 1:100 puts the stock at $4, which is still below where institutions get inviolved, plus the level still limits uplisting options. It might also be a proverbial slap in the face to the .18 cent private placement buyers who kept the lights on. Glta
Seriously? Sorry but this just seems ridiculous? Someone that bought at .18 isn’t going to just say f it and call a broker at tell them to dump it. I need a better explanation than that. I do understand that there are way too many shares out there but thats probably the only reason we are still here. But why? I just don’t understand why someone keeps dumping large amounts of shares at this time. The company is on the way UP not down. SMH
“”It's important to remember that legacy holders have invested at or above 0.18 cents. If they are not following sidechannel’s progress, the reality they see is a thinly traded penny stock lingering near its all-time lows.
They phone their broker to sell the stock. Broker says, yeah, it’s a dog…take what you can get for it, probably going to zero.””
It's important to remember that legacy holders have invested at or above 0.18 cents. If they are not following sidechannel’s progress, the reality they see is a thinly traded penny stock lingering near its all-time lows.
They phone their broker to sell the stock. Broker says, yeah, it’s a dog…take what you can get for it, probably going to zero.
But I believe this company is starting to get noticed. Investors are starting to kick tires. Those that prefer to buy in size know that $100k (about 3 million shares) would drive the stuck up quickly. With a ~80 million share float it wouldn't take much buying to make the stock jump. In December the stock ran to 8 cents on low volume.
Continue to follow what’s happening with the company (new contracts, key hires, comments by the c-suite and developments in the industry). The stock will take care of itself.
With all the great things going on at SideChannel (new hires, sales, product development, etc). I find it perplexing we are getting no attention from any people wanting to invest. It's like we're not on any radar.
Who in the world would sell off 200k shares for under .04?
Ridiculous.
Recon Infosec Partners with SideChannel to Offer More Comprehensive Cybersecurity Solutions
Press Release | 01/21/2025
WORCESTER, MA / ACCESS Newswire / January 21, 2025 / Recon Infosec and SideChannel (OTCQB:SDCH) are excited to announce a new partnership, which gives Recon Infosec's clients access to SideChannel's virtual Chief Information Security Officer (vCISO) services and gives SideChannel's clients access to Recon's Managed Security Operations services. Through this collaboration, Recon's clients can tap into SideChannel's extensive vCISO network to help them assess, strengthen, and run their information security programs and SideChannel's clients can benefit from robust Active Defense of their existing Information Technology environment.
"Risk Management, Network Operations, and Security Operations are the 3 pillars of cybersecurity. SideChannel vCISO and professional services support Risk Management. Recon provides the best managed security operations on the planet. We are thrilled to partner with each other to support Network Operations teams of all sizes," said Recon's CEO, Bob Drobish.
SideChannel is a leading provider of cybersecurity services and technology to emerging and middle market companies. Their offerings include vCISO services, a zero-trust network solution Enclave, compliance tools, and privacy enhancement. SideChannel caters to a diverse range of sectors, including healthcare, finance, technology, and more, providing both strategic and practical cybersecurity support.
SideChannel's VP of Partnerships, David Menichello, commented on today's announcement, "This partnership is a great example of a "better together" story. SideChannel is a best-in-class provider of security strategy, leadership, and risk management services, but clients also need reliable and effective security operations. With Recon's Managed Security Operations and SideChannel's GRC services, clients get the end-to-end support required for a balanced cybersecurity program."
Both Recon and SideChannel clients win with this partnership by being able to extend the quality and reach of their programs and devote more time to running their businesses.
About SideChannel
SideChannel helps emerging and mid-market companies protect their assets. Founded in 2019, we deliver 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.
You may contact us at:
SideChannel
146 Main Street, Suite 405
Worcester, MA 01608
info@sidechannel.com
Form 8-K - Current report
January 21 2025 - 4:11PM
Edgar (US Regulatory)
Alert
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 21, 2025
SideChannel, Inc.
(Exact name of registrant as specified in its charter)
Delaware 000-28745 86-0837077
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
146 Main Street, Suite 405, Worcester, MA 01608
(Address of principal executive offices) (Zip Code)
(508) 925-0114
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
? Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
? Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
? Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
? Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading Symbol(s) Name of each exchange on which registered
N/A N/A N/A
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ?
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ?
Item 7.01. Regulation FD Disclosure.
On January 21, 2025, SideChannel, Inc. (“Company”) issued a press release announcing a partnership with Recon Infosec which gives Recon Infosec’s clients access to SideChannel’s virtual Chief Information Security Officer services and gives SideChannel’s clients access to Recon’s Managed Security Operations services. The press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
The information included in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. The information set forth under this Item 7.01 shall not be deemed an admission as to the materiality of any information in this Current Report on Form 8-K that is required to be disclosed solely to satisfy the requirements of Regulation FD.
Item 9.01 Financial Statements and Exhibits
(a) Exhibits.
Exhibit No. Description
99.1 Press Release issued by the registrant on January 21, 2025.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
SideChannel, Inc.
Date: January 21, 2025 By: /s/ Brian Haugli
That's right, key hires will drive an increase in revenue. Have I ever mentioned side channel is debt free? ;) Keep the faith, vCiso. Green shoots abound!
Sure looks good. More employees. More revenue. Higher share price.
Soon I hope. I Be Getting Old.
Headcount must be close to 30 now as they ramp Enclave. . .
***vCiso service opps create cashflow to drive Enclave adoption***
So smart.
Spread the word
Hi SDCH crew. New shareholder here. I like what I see here with the potential of Enclave and the transparency of management.
Found this on the sidechannel website. In the company’s estimation, Enclave is the #1 competitor to Illumio, while Cisco ranks second and VMware third. That's impressive, to say the least, when you consider that privately-held Illumio has a current valuation in the billions. It’s analogous to putting Patrick Mahomes (illumio) at the top of the heap and then ranking the next best QBs — the Josh Allens, Jared Goffs, Lamar Jacksons, etc. In other words, Enclave is in select company.
Here’s the Enclave pitch:
SideChannel’s Enclave is the strongest Illumio competitor in the micro-segmentation space. The Enclave Management Console & Platform provides granular visibility and control over data center and cloud environments, similar to Illumio.
One of Enclave’s strengths is its simplicity. The Enclave platform is designed to be easy to deploy and manage, with a user-friendly interface and intuitive controls. This can make it an attractive option for organizations that want to implement micro-segmentation but are concerned about the complexity often associated with these solutions. //
Great. Thanks Brian. I am signed up for the email IR updates. Best.
Sign up for the IR newsletter on that site to get IR news and emails. The presentation is up there too.
Link below:
https://investors.sidechannel.com/events-presentations
Brian. I wasn't able to pull up the presentation. I checked the website as well.
End of year Selling is over. Please let 2025 be the year that sees sdch make major gains and enter into a major company. I see this as being the year.
SideChannel's 2024 Investor Presentation Update
Click Here for Presentation