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Obvious typo on the last line for the year. Should read:
SDCH 2023: $6,572,000
Brian......AWESOME POST.
As I've said in each investor call, SideChannel is a new company, and we're looking at what's happened from July 2022 an onward. SideChannel saw value in Enclave and the public company structure. For that, SideChannel acquired/merged our revenue generating, debt free and profitable company with CipherLoc.
You're loses were from NSCT and CLOK, not SDCH. Both had zero revenue and no growth from what I saw. People need to accept their past decisions and losses in those previous companies. I'm not here to make up in any way for what NSCT or CLOK didn't do for you.
Revenue by year:
CLOC 2019: $0
CLOC 2020: $0
CLOC 2021: $0
CLOC 2022: $0
SDCH 2024: $6,572,000
Let's everyone put on their big boy pants.
Brian,
I surely am not laughing. My losses in SDCH are close to 90 % . How long do you expect it will take for the share price to recover my investment? Do really intend to RS and lose another big chunk or all of my remaining 10 percent? In my opinion if you put in effect another RS what we will be is a world leader in reverse splits. Do you not believe that another RS can have financial consequences? Are you aware TradeStation brokerage has blacklisted SDCH? Due to the way a stock becomes blacklisted, after a RS more brokerages may follow.
All the above are just my questions, opinions and hard truths.
Concerned investor
Brian, As always, we appreciate your candor and honesty here on this public forum.
It has to be difficult to read some of the posts here while knowing the truth and also knowing the future plans for the company. Obviously, not being able to share those plans beforehand has to be a little bit of a bummer.
But we ALL appreciate you stopping by to say hi and set the record straight.
I have to laugh at some of the stuff I read on this board.
Anyway... I'm looking forward to 2024 and beyond. Late development, looks like I'll be speaking at the upcoming Microcap Conference in Atlantic City next week. I recently did a podcast with Andrea Cataneo from MSK, and she's invited me to join her in a fireside chat at this conference to discuss the SEC cyber rules. There's also non-deal roadshow talks going on :)
Microcap Conference website: https://themicrocapconference.com/
Also, if anyone wants to learn about the new SEC cyber rules, I've got another webinar co-hosted with FKKS this week.
SEC Webinar Registration: https://sidechannel.zoom.us/webinar/register/WN_J8nPDUSAS0-US-aGDmOXrw#/registration
I sometimes post here to try and inform other investors with facts and opinions but will not respond to fools who lie and twist my posts. VCISO you are not part of the above mentioned. Those that respond to my posts in a manner I deem appropriate generally will receive a response.Yes it has been blacklisted that is 100% percent certain and yes they do trade OTC stocks.
Profits....BLACKLISTED OR JUST NOT COVERING?
Lots of firms don't trade otc stocks.
Let's back up our statements with facts and numbers. Since you called and asked them yourself, it appears that you have their contact info....please do share.
What's the brokerage firm so we can verify your claim?
It'd be interesting if true as most large brokers aren't trading OTC stocks.
I told You before our conversation has ended.
You're a regular Alan Greenspan, what with your allusion to “Irrational exuberance” and all. However, unnecessary capitalization, is not very Greenspan-like, but I digress…
You also happen to need a new paradigm. You are comparing 2018 Cipherloc with present day SideChannel. The former had little in the way of revenues, products or services. Plus, MDG—and this is kind—wasn’t exactly Steve Jobs or Jeff Bezos. With SideChannel, there are real revenues, eye-popping growth, promising products & services, top-notch management, and a formidable BOD. Oh, and zero debt.
I’m not trying to change your mind, but I will set the record straight at every turn.
Its great to hear of a podcast which uplifts investment spirits but be careful not to let hopes rise to Irrational exuberance. As an example older CLOK investors have seen very professionally done Chipherloc videos, interviews etc which amounted to nothing except people losing a lot of money.
A couple of weeks ago a friend called me and informed me that a major brokerage company had recently blacklisted SDCH. When a broker blacklists a stock it means they will not allow it to be purchased from them to protect their customers. I called the brokerage company and did confirm it was blacklisted. This is just one of the reasons I believe the SDCH RS and uplist will be a disaster for shareholders. Again I will be totally shocked if a uplist is approved.
In my opinion they did not blacklist SDCH BECAUSE IT WAS GOING TO UPLIST AND THE SHARE PRICE SKYROCKET.
Again all the above are just my opinions and hard truths.
She definitely suggested that sdch will uplist this year. Interesting.
*check out
It’s an excellent interview. Brian explains what the new SEC requirements mean for publicly traded companies in his customary straightforward way.
https://podcasts.apple.com/us/podcast/off-road-w-frank-ferraro-andrea-cataneo-a-chat-with/id1724636259?i=1000641645689
Change out this podcast. SIDECHANNEL CEO Brian Haugli is interviewed by lawyer Andrea Cantano—barrister turned stock market observer? Just before the interview Cantano mentions / predicts sdch will move to a big board in the near future. 👍
The segue before the interview is clumsy. You'll have to wait 20 seconds or so before the interview starts.
There is no doubt in my mind SDCH is legit.
For me, and this is just my opinion, there isn’t a 4 Star General anywhere in the United States that would agree to be on the board of a OTC company that was not 100% LEGIT.
#nowthatstheendofthisstory
This board reveals so much. Searching past posts, Profit has been in this stock something like 4 versions of the company ago starting when it was called NSCT. And supposedly a very experienced investor, board member, yet gains all this new insight from his "friend" whose a financial wiz thats seeing something in the filings that no one else does?
Pfft, this convo is over. I really can't believe anything else you're going to say.
"I am also a large stock holder of NSCT...I have many years of experience in investing. I currently have a seat on two pension funds"
get lost. our conversation has ended.
That's an insinuation again. Everything published is available. So either you are on the inside at SDCH knowing something (doubtful) or you're just making up stories for some unknown reason. The same filings are viewable and there's nothing as an individual investor or their auditors are flagging as a concern, especially on bankruptcy. There's no merit to these comments on how well this company could do or is actually currently doing.
Looking at your posts on other boards, this same type of commenting looks to be the norm. If you don't like the company, sell your shares and invest in something else.
I would like to offer another comment to you. What you read or are told when doing DD might not be the “be all or end all”. As my departed father used to say you need to look farther than what is obvious.
Thank You for sharing.
Below is a text that I received from an old employee under the mdlg regime. I received it out of the blue back in mid December when I was buying up .02 shares that were being dumped at the end of the year I Iaughed it off at the time. But it seems his sentiment is shared with others. Interesting.
This is a copy and paste of the text....
.02 cents from zero!
Who ya gonna blame
now? Revenues for
SDCH doesn't mean
s**t as cash dwindles
and bankruptcy
looms large in 2024.
Investors down 89%
from last pipe and all
other investors are
down 98%. Averaging
down on a losing
company and stock is
what 'dumb' investors
do before they lose it
all.
I specifically said there was nothing illegal and I never said anything was shady so quit trying to twist my post. I sincerely hope SDCH has a massive rally so I can sell at a price where my investment is returned. I will thank the lord for a miracle. End of discussion.
Profits - free speech and all that, but it’s really bad form to suggest some sort of shady / unlawful action by the C-suite—and then not back it up with specifics.
Look, the stock should be higher. Four cents is embarrassing. If I were among the sdch brass, I would be equal parts embarrassed and apologetic. Then again they're only in the 2nd inning (probably the top half, at that).
You have to be able to confidently share a compelling narrative. Sell some sizzle, secure a few contracts, and find a big tech player to help cover R&D.
They probably know all that. Who knows exactly what's in the works? I do know, however, the newly elected board members aren't getting “on board” to guide a sinking ship.
Good luck and do your own DD.
Facts as you believe them to be. Good luck with your opinion.
The only opinion I had was the last sentence "I'd view a RS and uplist to a better board as a positive as it'd allow more investors to trade the stock and that would benefit everyone."
The rest were facts. Even my opinion here again is based in fact. A move to a better board would be beneficial as it allows for more access by investors. As I understand it not everyone can trade OTC stocks and low volume trading isn't good.
It would be good to hear your friends research. Otherwise it sounds like hot air. I can't find anything in the audits or filings that indicates anything like what your friend is concluding.
profits – it sounds like you’re suggesting something nefarious took place prior to this merger. Would you mind explaining what you mean by that? On the surface everything seems to be pretty standard, so I’m curious to know what you see from your perch.
You are entitled to your opinion, flawed as I believe it to be. First let me state I do believe SDCH is a legit company but the hard facts are many legit companies go bankrupt. When the acquisition of sidechannel was in the making I asked a friend (very experienced financial person)if he would research it and he did so. His research conclusions matched my own. Things are not always as they seem people do things for reasons they do not disclose. I am not suggestion anything illegal transpired. Some things happen in the financial world that are just above the paylevel of most.
I will not disclose my research conclusions mention above. In time some may reach the same conclusions as I did. Once again I do believe if the proper revenue is not achieved before the RS investors will again suffer a devastation of the stock price maybe even bankruptcy.
Again all the above are just my opinions.
A RS on a company that is failing and share price is falling AND needs to maintain it's share price to stay on a board is a bad sign. But based on how SideChannel is growing, revenue generating, no debt, and close to profitability, only on the OTC now, and not in financial hardship, a RS for them doesn't seem negative. Looking at the NASDAQ and NYSE requirements, a company needs minimum $4.00 share price to be listed along with float and a few other requirements.
Watching a few other cyber companies like $CISO and $HWNI, they're in similar yet different positions. CISO is on the NASDAQ and share price is falling due to lack of revenue and mounting debt. They need to do a RS to stay on the NASDAQ or move back to OTC. HWNI is on the OTC and looking to move up to a bigger board, although they have significant debt.
So both HWNI and SDCH are looking to uplist and probably won't have a share price increase organically to the $4 price in order to uplist. I'd view a RS and uplist to a better board as a positive as it'd allow more investors to trade the stock and that would benefit everyone.
In my opinion SDCH needs to have a market cap of 250 million or more before even considering a uplist or a RS. With their current balance sheet I will be totally shocked if a uplist is approved . Also at this time it does not appear to me that they have a product that can raise that type of revenue to reach that 250 million market cap. Again all the above are just my opinions.
You make good points. Most RSs are bad for shareholders.
In this case the company won't dilute below below .18. That's the level of the last raise took place. I suggest you read the filings in this regard.
If I were to guess, a RS happens alongside a move to a bigger board.
There can be a few exceptions but RS splits especially massive ones in my experience is a sign company executives believe the company is failing or might fail in the future. Massive stock dilution is more than likely to follow. I speak from considerable experience as past pension trustee on two pension funds that virtually no professional investment money will invest in a company with such a red flag present.
As an example when a bank has financial trouble do they do a reverse split to try and reverse their financial shortfalls ? No not if they care about the bank surviving because they know it further destroys their credibility with investors or depositors and will be avoided like people avoid a plague the same applies to all companies. RS splits are a telltale sign of a loser investment and that is certainly true of SDCH’s history of massive reverse splits. How many times does the cycle have to repeat its self before the lesson is learned.
That above is the hard truths I believe to revolve around RS splits. Again all the above are just my opinions.
Technically, $sdch is starting to look much better. Following the high-volune December blowout, where the stock traded below 2 cents, the stock has crossed the 50-day MA, and its now marching towards the 200-day. TA is far less reliable with the penny stocks, but it can still be useful. Keep in mind that most buyers are in North of .18 cents so I wouldn't expect to see significant sell volume until that level of potential resistance.
Positive developments:
The majority of warrant holders tendered their warrants.
The Board added two heavyweights
(I would imagine one of the two gentlemen will be selected as the new Chairman, following the annual mtg)
Nick Hnatiw will also join the Board - a sure sign of his commitment to this company.
Potential catalysts:
Major contracts for Enclave
Partnerships
DoD contracts
Cash infusion from big tech
M&A activity within cyber
Oh that's right. I forgot about the 24 month provision. Thanks for the info.
This company has a history of very massive stock splits. I stated when the last merger happened that without very substantial revenue increases the stock price would decline (I WAS CRITICIZED SEVERELY) BUT I WAS RIGHT and it has declined severely. Revenue Percentage increases are deceiving when starting from near zero revenue. Much more Revenue is needed not a STOCK SPLIT. I will state that without much more SUBSTANTIAL revenue this will become a sub penny stock. In addition the financial report was not good in my opinion and caused a further decline in the stock price. The cost of business with SDCH IS VERY HIGH. Since its inception the only people of this company who have financially benefited is the employees and officers and they have done very well. It is time the stock holder recognize the truth of where we are at. Once again all of the above are my opinions. I hope that I am proven wrong as massive losses have happened to my investment over the last ten years and that is not an opinion but a fact.
I don't see a RS anytime soon. Shareprice needs to get to .25 - .50 before considering, imo. We need stability first. Obviously sales are stable but our share price is not.
But....I do understand the need to get to a higher more visible trading exchange.
The shareholders approved authority for the Board to do a R/S at the Feb 15, 2023 annual meeting. The vote granted the discretionary authority for two years (see below from the proxy statement).
To grant discretionary authority to our Board to (i) to combine outstanding shares of our common stock into a lesser number of outstanding shares, or a “reverse stock split,” at a specific ratio within a range of 1-for-2 to a maximum of a 1-for-100 split, with the exact ratio to be determined by our Board in its sole discretion; and (ii) effect the reverse stock split, if at all, within two years of the date the proposal is approved by stockholders;
https://www.sec.gov/Archives/edgar/data/1022505/000149315222036598/formpre14-a.htm
Brian - A few of us were wondering about a potential reverse split. I didn't see any verbiage around this in the most recent 10-K. Did I miss something, or is a RS off the table, at least for now?
Btw, debt-free SaaS companies don't trade at 1x revs.
With SaaS, it's not unusual to trade 7 to 10 X revenues —10 X revenues would put this at $70 million. This equates to a $.35 stock price. And that is based on the previous fy. This outfit is growing at ~ 35%
That's what the kids call a 10-bagger.
As soon as investors recognize the value here and buyers enter the mix, we will have ye old 🚀
Lots of patience here.
Consider this: side channel is being valued below yearly revenues. Conservatively, with a company whose revs are growing north of 30% year over year, a conservative 3X multiple puts this at $18 million.
such a cheap stock.
Form 8-K - Current report
Source: Edgar (US Regulatory)
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 9, 2024
?
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 registeredCommon Stock, par value $0.001 per share SDCH OTC Markets Group (OTCQB)
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 9, 2024, SideChannel, Inc. (the “Company”) issued a press release announcing the results of a product and industry research analysis, published October 10, 2023, performed by Trickle Research.
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. Description99.1 Press Release issued by the registrant on January 9, 2024.104 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 9, 2024By:/s/ Brian Haugli Name:Brian Haugli Title:Chief Executive Officer
Exhibit 99.1
New Analyst Coverage Initiated on SideChannel
Cybersecurity Innovator SideChannel Gains Wall Street Attention
WORCESTER, MA / ACCESSWIRE / January 9, 2024 / SideChannel, Inc. (OTCQB:SDCH) (“SideChannel”), a leading provider of cybersecurity services and technology to emerging and middle market companies, today announced that Trickle Research has initiated research coverage of SideChannel with a 12-24 month price target of $0.18.
According to Trickle Research, “SideChannel is addressing the underserved mid-market segment of the cybersecurity industry, which we believe represents an opportunity for outsized growth. SideChannel’s unique ‘easy button’ approach to cybersecurity could gain significant traction among mid-market companies that often lack resources and expertise to combat today’s sophisticated cyber threats.”
SideChannel’s mission is to make enterprise-class cybersecurity accessible for mid-market and emerging companies. SideChannel offers a range of managed security services, security operations center solutions, and easy-to-deploy security technologies, such as Enclave, that provide customers with a simplified approach to cybersecurity.
Brian Haugli, CEO, said, “We are thrilled to gain the attention and support of Trickle Research. Their analysis validates our view that mid-market companies are underserved, and SideChannel is well positioned to capture this opportunity with our innovative, easy-to-use cybersecurity solutions and highly attentive customer service model.
According to Trickle Research, the global cybersecurity market is between $150 billion and $200 billion, with the fastest growth coming from managed security services and security operations centers. “SideChannel is targeting a niche within cybersecurity that should afford an opportunity for above average growth over the coming years. With a subscription-based business model and a focus on high-touch customer service, SideChannel also exhibits a highly scalable platform with a visible path to profitability, in our view,” the report said.
The full report published by Trickle Research can be accessed by clicking here.
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
Forward-Looking Statements
This press release may contain forward-looking statements, including information about management’s view of SideChannel’s future expectations, plans and prospects, subject to the safe harbor provisions under The Private Securities Litigation Reform Act of 1995 (the “Act”). In particular, when used in the preceding discussion, the words “believes”, “hopes”, “expects”, “intends”, “plans”, “anticipates”, “potential”, “could”, “should” or “may”, and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act and otherwise. Examples of forward-looking statements include, among others, statements relating to future sales, earnings, cash flows, results of operations, uses of cash and other measures of financial performance.
Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and other factors that may cause SDCH’s actual results and financial condition to differ materially from those expressed or implied in the forward-looking statements. These risk factors include, but are not limited to: that we have incurred net losses since inception, our need for additional funding, the substantial doubt about our ability to continue as a going concern, and the terms of any future funding we raise; our dependence on current management and our ability to attract and retain qualified employees; competition for our products; our ability to develop and successfully introduce new products, improve current products and innovate; unpredictability in our operating results; our ability to retain existing licensees and add new licensees; our ability to manage our growth; our ability to protect our intellectual property (IP), enforce our IP rights and defend against claims that we infringed on the IP of others; the risk associated with the concentration of our cash in one financial institution at levels above the amount protected by FDIC insurance; and other risk factors included from time to time in documents we file with the Securities and Exchange Commission, including, but not limited to, our Forms 10-K, 10-Q and 8-K. These reports are available at www.sec.gov.
Other unknown or unpredictable factors also could have material adverse effects that could cause actual results to differ materially from those projected or represented in the forward-looking statements. Further, factors that we do not presently deem material as of the date of this release may become material in the future. The forward-looking statements included in this press release are made only as of the date hereof. SideChannel cannot guarantee future results, levels of activity, performance, or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, SideChannel undertakes no obligation to update these forward-looking statements after the date of this release, except as required by law, nor any obligation to update or correct information prepared by third parties.
Cover
Jan. 09, 2024
Cover [Abstract] Document Type8-KAmendment FlagfalseDocument Period End DateJan. 09, 2024Entity File Number000-28745Entity Registrant NameSideChannel, Inc.Entity Central Index Key0001022505Entity Tax Identification Number86-0837077Entity Incorporation, State or Country CodeDEEntity Address, Address Line One146 Main StreetEntity Address, Address Line TwoSuite 405Entity Address, City or TownWorcesterEntity Address, State or ProvinceMAEntity Address, Postal Zip Code01608City Area Code(508)Local Phone Number925-0114Written CommunicationsfalseSoliciting MaterialfalsePre-commencement Tender OfferfalsePre-commencement Issuer Tender OfferfalseTitle of 12(b) SecurityCommon Stock, par value $0.001 per shareTrading SymbolSDCHEntity Emerging Growth Companyfalse
January 9, 2024 7:00 AM
New Analyst Coverage Initiated on SideChannel
Cybersecurity Innovator SideChannel Gains Wall Street Attention
WORCESTER, MA / ACCESSWIRE / January 9, 2024 / SideChannel, Inc. (OTCQB:SDCH) ("SideChannel"), a leading provider of cybersecurity services and technology to emerging and middle market companies, today announced that Trickle Research has initiated research coverage of SideChannel with a 12-24 month price target of $0.18.
According to Trickle Research, "SideChannel is addressing the underserved mid-market segment of the cybersecurity industry, which we believe represents an opportunity for outsized growth. SideChannel's unique 'easy button' approach to cybersecurity could gain significant traction among mid-market companies that often lack resources and expertise to combat today's sophisticated cyber threats."
SideChannel's mission is to make enterprise-class cybersecurity accessible for mid-market and emerging companies. SideChannel offers a range of managed security services, security operations center solutions, and easy-to-deploy security technologies, such as Enclave, that provide customers with a simplified approach to cybersecurity.
Brian Haugli, CEO, said, "We are thrilled to gain the attention and support of Trickle Research. Their analysis validates our view that mid-market companies are underserved, and SideChannel is well positioned to capture this opportunity with our innovative, easy-to-use cybersecurity solutions and highly attentive customer service model."
According to Trickle Research, the global cybersecurity market is between $150 billion and $200 billion, with the fastest growth coming from managed security services and security operations centers. "SideChannel is targeting a niche within cybersecurity that should afford an opportunity for above average growth over the coming years. With a subscription-based business model and a focus on high-touch customer service, SideChannel also exhibits a highly scalable platform with a visible path to profitability, in our view," the report said.
The full report published by Trickle Research can be accessed by clicking here.
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
Forward-Looking Statements
This press release may contain forward-looking statements, including information about management's view of SideChannel's future expectations, plans and prospects, subject to the safe harbor provisions under The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "believes", "hopes", "expects", "intends", "plans", "anticipates", "potential", "could", "should" or "may", and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act and otherwise. Examples of forward-looking statements include, among others, statements relating to future sales, earnings, cash flows, results of operations, uses of cash and other measures of financial performance.
Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and other factors that may cause SDCH's actual results and financial condition to differ materially from those expressed or implied in the forward-looking statements. These risk factors include, but are not limited to: that we have incurred net losses since inception, our need for additional funding, the substantial doubt about our ability to continue as a going concern, and the terms of any future funding we raise; our dependence on current management and our ability to attract and retain qualified employees; competition for our products; our ability to develop and successfully introduce new products, improve current products and innovate; unpredictability in our operating results; our ability to retain existing licensees and add new licensees; our ability to manage our growth; our ability to protect our intellectual property (IP), enforce our IP rights and defend against claims that we infringed on the IP of others; the risk associated with the concentration of our cash in one financial institution at levels above the amount protected by FDIC insurance; and other risk factors included from time to time in documents we file with the Securities and Exchange Commission, including, but not limited to, our Forms 10-K, 10-Q and 8-K. These reports are available at www.sec.gov.
Other unknown or unpredictable factors also could have material adverse effects that could cause actual results to differ materially from those projected or represented in the forward-looking statements. Further, factors that we do not presently deem material as of the date of this release may become material in the future. The forward-looking statements included in this press release are made only as of the date hereof. SideChannel cannot guarantee future results, levels of activity, performance, or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, SideChannel undertakes no obligation to update these forward-looking statements after the date of this release, except as required by law, nor any obligation to update or correct information prepared by third parties.
SOURCE: SideChannel
View the original press release on accesswire.com
Video with OTC Markets. Also this video interview with Eric at OTC offices in NYC.
OTC Markets article on SEC cyber rules. I contributed this article on navigating the new SEC cybersecurity rules for small and micro-cap publicly traded companies.
https://blog.otcmarkets.com/2024/01/08/navigating-the-new-sec-cybersecurity-landscape-a-guide-for-small-and-micro-cap-companies/
Poised for a huge upward move here.
This is the year of the huge expansion of SideChannel.
#legitimate
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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