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Others agree. Not speculation. I asked. They spoke.
I've spoken to people that worked (were in the same office) with Carlson at CLOK and they agree. He speaks in unproven theory, stretches the truth, exaggerates claims. I believe he's responsible for running off companies.
Carlson possesses a bad combination of ego, over promising and under delivering (more like not delivering), condescending attitude, and poor reputation within his industry.
Call the main office phone for CLOK and Robert will probably answer the phone, if anyone answers it at all. Confirmed by everyone who works there.
de la Garza and Carlson have taken millions of investor dollars. Not speculation; all one has to do is read the financials.
Others have told me that Oz has accomplished next to nothing for Cipherloc. Commenting on a paper written by grad students that has nothing to do with a profit motive for CLOK does not count as working.
#buhbye
Can new CFO remove delagarza's hand from cookieJar?
Sullivan is definitely qualified. I look forward to him policing de la Garza's spending habits, removing the corporate cards from his hands, and then evaluating the past two years of de la Garza's spending habits.
If he's able to do that in his first 90 days, I would expect him to resign immediately...he has too much to lose by being associated with de la Garza.
#lettheinternalauditbegin!
Everyone knows that CTO Carlson rides the bench
Carlson’s son (little Oz) answers the phone at the Buda office and gets overpaid for doing it!
There aren’t any qualified engineers on the payroll. This confirms the fact that CLOK can’t deliver.
All that de la Garza and Carlson have done is take money from CLOK investors and haven’t delivered a damn thing. They will continue until its allll gone.
Oz...working?? Hahaha! Now that’s funny!
BTW, the world’s not a safer place and the thieves already have the data.
#shiphassailed
Millions would have been saved without CEO delaGarza
If Cipherloc HAD hired a replacement CFO 2 years ago, de la Garza would NOT have gotten away with everything over the past two years. I bet that de la Garza is hiring a CFO to try and justify his outrageous salary or to get someone to sign off on something shady he’s getting ready to do. Why do I think that? Well, that’s just what de la Garza does...that’s who he is. De la Garza’s history proves it.
I agree, the new CFO should give Cipherloc credibility. But this will be proven over time. Right now, CLOK and de la Garza’s credibility is non-existent and at an all-time low.
Mdlg just saved the company $500,000 by not filling the position until he knew he had to.
That’s like saying that MDLG saved the company money in taxes by not creating any sales. That’s a great example or irrational and fallacious reasoning!
Message in reply to:
It is no doubt a good day for Cipherloc and for its shareholders. The addition of a new officer and a proven top notch CFO is fantastic.
It gives Cipherloc more credibility.
I look at it this way....why seek out to replace the ill-gotten Eric Marquez unless or until you actually need to spend that kind of money.
Mdlg just saved the company $500,000 by not filling the position until he knew he had to.
The fact that mdlg hired a new CFO tells me one thing........Cipherloc is ready to roll!!!!
A new bean counter is fantastic.....mdlg it's time to bring in some beans and give the guy something to do ......make him earn that big salary.
CFO $250k salary doesn't give CEO carte blanche
CLOK CEO de la Garza has mismanaged investor $$ for years, and hiring a CFO and agreeing to pay them $250k a year does not give de la Garza the right or justification to continue being fiscally irresponsible and acting without fiduciary duty.
This is very important as I'm betting the farm that de la Garza will somehow, someway, try to get the new CFO to give him more stock compensation, agree to increase his salary or benefits, or all of the above. If this happens, I would expect to see CLOK investors respond accordingly.
#imstartingtofeelpityandsorrowforclokinvestors
Why no CFO for past 2 years?
Nope. That question was not answered nor was it addressed in today's release of the new CFO hire. That question still needs to be posed to CLOK CEO de la Garza. Today's 8-K really only answers the question, "Does de la Garza et al follow the investor hub forum?"
In all fairness, it's kind of a loaded question...the answer being that no CFO would have allowed him to do what he's done for the past 2 years.
Message in reply to:
Well one of the questions was answered today......hopefully more answers will be coming soon......
Quote......
""I also agree that a shareholder call with the CLOK CEO is a great idea. I would love to hear him answer questions like:
- What's going on with the DataPath agreement?
- What is your current expectation for revenue?
- Why hasn't CLOK made a sale yet?
- Why hasn't CLOK had a CFO for over 2 years""
LOL! Marquez can't stop laughing either!!
Marquez leaves, CLOK stock price falls to an all-time low.
Meanwhile, Marquez cashes out and then moves on to a HALF BILLION DOLLAR COMPANY! WHAT?!?! Seems like Marquez can count to 500,000,000!!
Over 2 years later, de la Garza gets down on his hands and knees and begs someone to be CFO, and has to pay the equivalent of $500k for the first 90 days, and then hopes that the guy agrees to stay for $250k. Annual burn rate just went up $1million! That's crazy!!
#delagarzaonallfours
7 posts today on half million$ CFO!
$250k full time salary, but working half time for first 90 days = $500k equivalent
So, is it good news that CLOK, a company with 0 customers and 0 revenues has just hired someone who saw his last company nose dive?
Kudos to the new CFO to demand top dollar from de la Garza to sign off on his questionable actions!
This is great news for CLOK Investors; hopefully the new CFO will be able to police de la Garza!!
Agreed. Shareholder call is not illegal.
Tesla's Musk paid $20 million in penalties for his tweets, and will likely pay more in penalties and legal fees. Tesla also had $21 billion in sales in 2018.
CLOK has $0 sales and de la Garza can't afford more penalties, lawsuits, legal fees or SEC attention.
Musk paid $20 million in penalties for his tweets, and will likely pay more in penalties and legal fees.
Because of $0 revenues, de la Garza's actions and what I've read in CLOK's financials and disclosures, I am not a devout CLOK shareholder.
Message in reply to:
I'm pretty sure that a PR stating an open shareholder conference call is not illegal.....nor is an open shareholder conference call.
Elon Musk uses Twitter to release news....
As for the Great Oz's integrity...... it ridiculous for me to ever think about questioning his faith or his intentions. In fact he is a major reason that I am such a devout shareholder.
A shareholder call is not up to investors.
It's a bad idea and a waste of time for an investor to call or email the CEO and/or Board Chairman of a publicly traded company and demand that they do a shareholder call where each shareholder is allowed to ask a question. That is completely ridiculous.
However, I do think that CLOK shareholders should be furious for how they're money has been misspent and paid by and to CLOK CEO Michael de la Garza.
I also agree that a shareholder call with the CLOK CEO is a great idea. I would love to hear him answer questions like:
- What's going on with the DataPath agreement?
- What is your current expectation for revenue?
- Why hasn't CLOK made a sale yet?
- Why hasn't CLOK had a CFO for over 2 years?
Bingo! Spot on!! CLOK Mgmt is extremely greedy.
de la Garza brought in Carlson and his son to be on the payroll indefinitely, without sales or ROI expectations. Carlson is making 3-4x his prior academic salary. So, yes, it's all about financial payoff for Carlson.
It seems that de la Garza and Carlson both have a track record for making outlandish claims that never become reality. However, de la Garza's actions while being CLOK's CEO have brought numerous lawsuits with the current lawsuit suggesting criminal activities over the past 5-10 years.
Message in reply to:
I'd like to be wrong, but I believe this company is a major scam, and consider shareholders lucky to be able to get out at this current price. Management has always looked exceedingly greedy here.
The biggest mystery to me is why Dr Carlson associates with them. I would guess the financial payoff while getting to work in field that he loves is the answer. I'm sure it pays far better than his job at a tiny college in Saint Louis did.. Maybe he sees it as a potential homerun even if the odds are extremely low. Too bad he didn't hitch his wagon to someone with a better track record.
That's not how it works. That's illegal.
This is in regard to asking questions to CLOK's CEO and then posting those questions and answers to this forum. A CEO of a publicly traded company should NOT be disclosing information to anyone, whether it be true or false (misleading).
https://www.sec.gov/fast-answers/answers-regfdhtm.html
Fair Disclosure, Regulation FD
Regulation FD addresses the selective disclosure of information by publicly traded companies and other issuers. Regulation FD provides that when an issuer discloses material nonpublic information to certain individuals or entities—generally, securities market professionals, such as stock analysts, or holders of the issuer's securities who may well trade on the basis of the information—the issuer must make public disclosure of that information. In this way, Regulation FD aims to promote the full and fair disclosure.
Have the CLOK promo pens been ordered?
I heard that the new marketing company came out with some new tag lines for CLOK:
1) Encryption so cryptic, no one uses it!
2) CLOK - we make money disappear
3) Cipherloc - we keep data secure, even though we haven't done it for anyone!
Message in reply to:
Other encryption solutions available. CLOK$ missed the boat?
https://www.quantamagazine.org/how-the-evercrypt-library-creates-hacker-proof-cryptography-20190402/
Oh...and it's free! And it's been mathematically proven!!
Meanwhile, CLOK$ CEO de la Garza just got suckered into buying $40k worth of pens, thumb drives and company logo stress balls? It's literally one bad decision after another.
...and one more thing, check out DataPath's website (you know, DataPath, the company that talked with CLOK then stopped talking to them because they obviously decided to NOT do business with CLOK.) and you'll see the PR's on their military contracts. So, for anyone who thinks that the military isn't willing to allow private contractors to put out press releases on sensitive security contracts, you're completely wrong.
Enjoy your Friday!
#sorrytheyliedtoyoubesser
There is one certainty. CLOK has $0 revenues.
Arguing about Eric Marquez’s successful tenure as CFO and successes since leaving CLOK is irrelevant to CLOK’s current dismal performance and all-time low stock price.
So, yeah, CLOK investors should be grateful to former CFO Eric Marquez, and it’s too bad that he had to resign from CLOK.
#cheerstothegreatmarquez!
Eric Marquez was the best CFO for Cipherloc!
Thank you!!!!!
Nonsense. Delagarza offered Marquez a contractor agreement.
Eric Marquez refused.
These are the facts.
De la Garza’ made the same offer to Mike Salas, former VP of Sales, Mike Hufnagel, former COO, LeBlanc, former VP of Engineering, et cetera, et cetera....
Eric Marquez resigned from Cipherloc!!
March 6, 2017
Here's the 8-K: https://www.otcmarkets.com/filing/html?id=11911485&guid=ayE3Up38d581Ryh
Eric Marquez may be working for SEC!
Eric Marquez was not fired from Cipherloc. See 8-k, it's in english.
Eric Marquez was approved by SEC to be CFO for Cipherloc. He was not removed from his position, as was the previous CFO of Cipherloc.
Eric Marquez is not a cheat.
Eric Marquez is a well-respected professional who has moved on from CLOK.
Eric Marquez has a clean record.
Eric Marquez was never in jail.
A google search for the former CFO of CLOK shows that he is a reputable and well-respected accounting, tax, finance and business professional, unlike de la Garza.
Enjoy the weekend!!!!
CLOK Market Cap is $36,305,334. Very sad!!!
What product? Oz was 1/4 of CLOK tech.
Albert Carlson (OZ) did not develop the CLOK technology in his head. I believe he was a grad student who "shared" or "stole" the technology from 3 other people, one who was his mentor and professor.
There are no current applications of Cipherloc technology. Noone is paying CLOK to use CLOK. It doesn't seem that anyone CAN use CLOK.
There are no paying contracts, significant or insignificant. No revenues.
CLOK is not for sale. Noone wants to deal with Michael de la Garza. Noone respects de la Garza. Michael de la Garza has proven himself to be unreliable, unprofessional, and not trustworthy.
There is a real question of whether or not CLOK actually owns complete rights to the technology. Again, Carlson is not the sole inventor and it does not appear that Carlson has the sole rights to the technology.
There are no bidders. There are no offers. Replace de la Garza and Cipherloc has a chance at recouping investor dollars.
CLOK/SOUNDfi "license agreement" did not show revenues
CLOK didn't file an 8-K for the "license agreement" with Soundfi. This means that there is nothing "material" to report regarding the Soundfi "license agreement".
$0 revenue = no customers/clients
Happy Wednesday everyone!
Deep thoughts: If someone walks around a store for hours and never buys anything, is that considered a customer?
Again, that's completely wrong. Investors are the losers.
Last PPM price was $1.00 - price is below cost basis
Previous PPM price was $2.00 - investors lost over 50% of their investment
NSCT investors - no gains since NSCT became CLOK, just more of the same
de la Garza continues to steal investor money. de la Garza can't help himself. He's pretty much been in lawsuits the entire time he's been CLOK$'s CEO! And his prior CEO experience consists of more lawsuits, bankruptcies and lies. No reason to blame anyone else for de la Garza mistakes and shortcomings.
^^^ All CLOK investors during de la Garza's reign have lost out to other profitable investment opportunities ^^^
Marquez declines to accept the consulting agreement
https://www.otcmarkets.com/filing/html?id=11911485&guid=WFc3UnTCJgQCu3h
March 5, 2017
Cipherloc Corporation
825 Main St, Suite 100
Buda, TX 78610
ATTN: Board of Directors
Gentlemen:
Please accept my resignation as a Director and as the Chief Financial Officer of Cipherloc Corporation, effective March 1, 2017. I decline to accept the consulting agreement proposed to me on March 3, 2017 via email from Mr. de la Garza.
Very Truly Yours,
/s/ Eric Marquez
cc: Michael de la Garza
Gino Mauriello
Carl P. Ranno
3/6/17 Eric Marquez resigns from Cipherloc
"On March 6, 2017, the Company received from Eric Marquez a letter of resignation dated March 5, 2017, with an effective date of March 1, 2017 resigning as Chief Financial Officer, and Director. The Board of Directors accepted the resignation and appointed Gino Mauriello, CPA as the Chief Financial Officer. Mr. Mauriello is a Director of the Company."
https://www.otcmarkets.com/filing/html?id=11911485&guid=WFc3UnTCJgQCu3h
In reality, CLOK is batting .000
I'm sure that former CLOK$ Eric Marquez is laughing pretty hard now. He resigned from CLOK, turned down a consulting agreement from de la Garza, and continued to walk (more like run, lol!) away from CLOK with a wad of shares. It's been over 2 years and, as predicted, MDLG and CLOK have done nothing but trick naive CLOK investors to give him money to mismanage. Meanwhile, it looks like Eric Marquez has been extremely successful upon leaving CLOK.
CLOK$ has been outpaced by other companies within their industry.
CLOK$ has no customers.
CEO MDLG continues to take money from the corporate bank accounts as has provided nothing of value in return.
Albert Carlson has done next to nothing as CTO of CLOK.
Milton Mattox hasn't closed a deal.
If CLOK$ could hit a foul ball, I'd be impressed.
De la Garza can count to 10...felonies.
CEO de la Garza committed at least 10 acts of fraud
CEO de la Garza issued himself more than $10 million in stock
CEO de la Garza has been sued at least 10 times
CEO de la Garza has lied more than 10 times about “deals” that have never paid out 10 cents
CEO de la Garza will likely lose $10 million to Robert LeBlanc in the active lawsuit
Other encryption solutions available. CLOK$ missed the boat?
https://www.quantamagazine.org/how-the-evercrypt-library-creates-hacker-proof-cryptography-20190402/
Oh...and it's free! And it's been mathematically proven!!
Meanwhile, CLOK$ CEO de la Garza just got suckered into buying $40k worth of pens, thumb drives and company logo stress balls? It's literally one bad decision after another.
...and one more thing, check out DataPath's website (you know, DataPath, the company that talked with CLOK then stopped talking to them because they obviously decided to NOT do business with CLOK.) and you'll see the PR's on their military contracts. So, for anyone who thinks that the military isn't willing to allow private contractors to put out press releases on sensitive security contracts, you're completely wrong.
Enjoy your Friday!
#sorrytheyliedtoyoubesser
CLOK$ doesn't have an anti-hack(ing) offering!
This means that a CLOK$-protected file can be hacked...all day long. Can the protected data be decrypted? Hopefully not, but again, with no customers, it's difficult to make that statement with any level of confidence.
Most of the suggestions in the previous post are for hardware. CLOK$ has no hardware solutions and it would probably take many many years, millions and millions of R&D dollars and a qualified team of HARDWARE engineers to build something that is marketable.
So, yeah, I'm not holding my breath. I mean, seriously, a company that can't sell software to anyone wants to focus its efforts on building and selling hardware to the military??
#uguysaretrippin
Cipherloc didn't present or win an IEEE/CCWC award
The CLOK$ press releases on IEEE/CCWC suggest that Cipherloc presented and won the IEEE, when in fact, Al Carlson only received a participation ribbon and a mention for working with 2 grad students and a professor from Northern Arizona University.
The CLOK$ press releases were written in a way to suggest that Cipherloc was the "big winner" of the event, when in fact Duane Booher of Northern Arizona University accepted one of many "best of track" recognitions for a paper.
CLOK$ is a for-profit publicly traded company, even though it has the characteristics and appearance of a shell company, a non-profit, an arm of academia, and a company that burns through investor dollars like there's no tomorrow.
Bottom line is this: CLOK$ needs to fire de la Garza (current CEO) ASAP, hire an experienced CEO with high integrity, hire qualified engineers, sales force and other management professionals and figure out how to SELL A SOFTWARE LICENSE.
CFO of a public company is not-just-an-employee
Facts:
A CFO of a public company has to disclose everything to the SEC, followed by a thorough background check
A CFO of a public company cannot be a CFO if they cheat on their (CPA) exam
A CFO of a public company does not even have to be a CPA
Former CFO Eric Marquez resigned from CLOK$ and became the Tax Director for a $500 million company. He is now the CFO of another successful private company.
It seems that no one trusts CEO de la Garza, no one wants to do business with de la Garza, no one wants to sign off anymore as CFO for de la Garza, and a constant number of people want to sue de la Garza.
=====(Fiction)=====
Reply to ‘Clok-em-dead’ post:
It's possible that he cheated on his exam the first time around.
Eric Marquez has appeared to be quite the snake and sneak.
Mdlg was just hiring an employee.....obviously when Eric Marquez couldn't pass the exam to keep his status current mdlg fired him.
That tells me mdlg is the smartest man ever.
Also tells me Eric Marquez was a failure.
What is the obsession with the former CFO?
I mean, yeah, he has way more business experience than de la Garza. And unlike de la Garza, he’s never filed for bankruptcy or been sued and had to pay millions in damages. And, unlike de la Garza, he’s never been punished for signing agreements where he lacked the authority to do so. AND, most importantly, he’s never been accused of fraud (with potential damages of $10 million or more (current lawsuit)).
He worked as CFO for Cipherloc for over two years. Stock price was at an all-time during his tenure. After he left, stock price fell to an all-time low. Stock price I had not recovered. And the 8-K prepared by Eric Marquez shows that he resigned. Any other fabricated story is just silliness...probably created to distract the weak from the truth.
Again, sounds like someone (MDLG) is still feeding bad information to people.
#peoplearesooonaive
Massive dilution, incompetent CEO, fleeced investors, shell company.
CLOK$ is burning at least $1 million a quarter. They do not have any hardware to sell, and will probably NEVER have any hardware to sell. CLOK$'s software offering is unproven and has not been used or tested in the real world. As far as anyone knows, it is only a small bit of code that may or may not be stable. And CLOK$ continues to lose competent professionals and replace them with unqualified and inexperienced people. Why? Two reasons. 1) CEO de la Garza has no idea/desire to run a real business 2) CEO de la Garza is perfectly fine with raising money from investors and putting it in his pocket. He is completely indifferent on where the money comes from, AND, it's easier for him to take advantage of greedy investors than to actually figure out how to sell software. Micheal de la Garza knows all about bankruptcies, lawsuits, committing fraud, misappropriation of funds...and that's just the short list. It's not really a surprise, because that's all he knows! He grew up in that environment and perfected the art of conjuring up stories to fleece investors.
People have been asking the CEO, Michael de la Garza to "show them the money". Really? Read the financials and disclosures and most of the money has gone to de la Garza and lawsuit settlements. Any 1st grader can figure this out. It's just a matter of accepting the fact that investors and stock fluffers and pumpers have been lied to, disregard the facts, and double down based upon more bad information that is "leaked out" by those who want people to help them perpetuate the lies.
With regard to the continuous question about what's the former CFO doing?? Well, last I heard he's making bank as the CFO of a private company. A better question is "What is the former CFO of CLOK$ not doing?" Answer: Well, he's obviously not interested in working with a shyster like CLOK$ CEO Michael de la Garza.
ROBERT LEBLANC V. MICHAEL DE LA GARZA AND CIPHERLOC CORPORATION
12/09/2019 Jury Trial (9:00 AM) (Judicial Officer Henry, William R)
#10monthslefttomakeasale
In Reply to 'Black-Ops':
...Any 4th grade school boy knew this. Not Good? When CLOK announces the first 1,00,000$ order some will post; Not Good.
The PP allowed CLOK to continue as a company. It was very good.
CLOK Float Increased by 2.7million shares. Not good.
CLOK$ float was 2,429,608 in February 2018.
CLOK$ float is at least 5,165,911 as of February 2019.
#longsareinforaride
Looking back over the past 20 PR’s...
Cipherloc’s amazing story was designed for American Greed.
Still, CLOK$ is nowhere close to signing a contract.
There is no revenue in sight.
Only lawsuits and legal settlements on the horizon.
#abouttogetmuchworse
================
From ‘Clok-em-dead’:
So, I was just looking back over the last 10 PR's.
What an amazing story Cipherloc has become.
It's taken longer than we wanted but we have to be close to signing something.....anything.....please....
The only thing missing is revenue.
Cipherloc, twice as fast, twice as safe.
#showmethemoney
$1million burned in quarter ending 12-31-18!
The writing is on the wall. De la Garza, CLOK$ CEO, is clueless and has no intention of making a sale.
No DataPath, no Air Force, no military contracts, no GM, no Facebook, no FIPS certification, no nothing. Rewatch the stock legend videos or any video with Michael de la Garza trying to talk about encryption, software, or business. Every claim made by de la Garza has not come true. I believe he mentioned Fortune 5 companies in his meet the CEO videos (part 2, I believe). Every “potential” customer wants nothing to do with Cipherloc. Why? Well, it’s either de la Garza, the product offering, both, or it was never true to begin with.
I’m actually kind of surprised that de la Garza has gotten away with so much for so long.
#pathologicalliar
Legal matters are material and will cost millions.
The last legal settlement for Cipherloc was for software termination and cost CLOK$ over $1 million.
The current CLOK$ issue is much bigger and cannot be resolved by an insurance company. Why? Because the main issue is fraud.
Michael de la Garza can continue to make the same entry in the legal proceedings (litigation) section of the 10-Q, but this Is not proper disclosure, in my opinion. This lack of disclosure will likely be the basis of future lawsuits by investors.
$0 sales confirmed in 12-31-18 10-Q. Very sad.
I mean, seriously. It takes a lot of effort for Michael de la Garza, CEO of Cipherloc, to NOT make a sale.
Inexcusable. Inept CEO.
Float may be up to 4 million shares
There have been MANY opportunities to flip CLOK over the past year, and these opportunities will only increase as more shares become unrestricted.
So, no, it is not hard to flip when most shares are locked up in PPM.
CLOK's increasing float will attract a lot of new flippers.
I consider it voice of reason and honesty.
I've proven that Cipherloc did not present at IEEE CCWC and did not win Best Paper in Track (for Cryptography at IEEE CCWC. The presenters and winner(s) of the paper were 2 grad students who prepared the papers with support by NAU faculty and Cipherloc's Albert Carlson. It is very common in academia to include faculty and outsiders who provide support to published writings, even if the participation is very small.
For the lawsuit against Cipherloc and Michael de la Garza, a simple public records request will support my previous post about why a $10 million lawsuit and subsequent lawsuits is likely to happen. One would have to request and pay for the sworn testimony to get all of the detail.
Keep in mind that the legal settlement to the doctor group out of Mississippi cost Cipherloc over $1 million dollars in stock and cash....and that was only because Michael de la Garza didn't deliver a viable product to the doctors, rolled that business into Cipherloc, and then used Cipherloc stock and cash to pay them off.
#factsnotpropaganda
Cipherloc doesn't qualify for uplisting. Not even close.
I'm interested to hear how Cipherloc could "qualify" to uplist to another stock exchange.