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Six million in fifteen minuets. They are soaking up the volume with the dilution. They generated some traffic from some online platform. Welcome to $ATDS newbs.
All that I can go on BC is what the agreement language says. They also know that the share price does not go up without a PR and that it always, always, always, returns to where it started or lower very quickly. The PRs are always deceptive and never hold. The only thing that will make the share price here go up sustainably in a good filing showing some profit. Don't look for a filing soon, I suspect that it will be bad again and very late like last year. Their debt is eating them right now and they must sell as many shares as possible.
Quotes from the S-1
"Closing for sales of the Company’s common stock under the Purchase Agreement will occur no later than five (5) business days following the date on which the Purchased Shares are received by Triton’s custodian. In addition, the Company has agreed to pay to Triton (i) $5,000 upon execution of the Purchase Agreement to reimburse Triton’s expenses related to the transaction; and, (ii) $10,000 at the initial closing under the Purchase Agreement as additional reimbursement for Triton’s expenses."
"Triton has a financial incentive to sell our shares immediately upon receiving them to realize the profit between the purchase price and the market price. If Triton sells our shares, the price of our Common Stock may decrease. If our stock price decreases, Triton may have further incentive to sell such shares. Accordingly, the discounted sales price in the CSPA may cause the price of our Common Stock to decline."
https://sec.report/Document/0001493152-20-024298/
The share price is being manipulated by Maxim and the note holders in my opinion and according to the filings. The four largest holders have held off for 60 days. That is why you have all the agreements in place to help the share price.. The time frame of the agreements is when the price was walked up to its current level. This is the perfect range for them. Too low for retail profit taking because of the short term trading history and just high enough to encourage traders to hold and buy. This level is simply suggested by the agreement in place and is artificial. The price drop when the note holders were converting to the .005s is the real value in my opinion. This will not close above .009 per the the Triton deal because this level is perfect for note holders to convert. The best evidence is the revenue PR that failed in to crack the .009 close. They will continue to convert in this range until the next flipping point will be in the .004s because of the resistance in this range. Why would any trader buy in this range knowing that Triton will be dumping shares for their profit on any close above .009 per the agreement. I look forward to the next 30 days when this reveals itself more an the next round of dilution becomes more evident. Good Luck!
There is not a level at which this has traded where it didn't have posters who were talking about what great potential this company has. Below is a post just before the reverse split when this was trading in the .0008s and lower. They were promoting and selling shares even at this level while closing the Dataexpress deal. There is no theoretical bottom to this. Just one in which shares are difficult to sell. They have gotten a lot of mileage out of this story. Posters have been speaking glowingly right through the five month drop to a penny starting last January.
Sturgis Sunday, 10/13/19 12:16:41 AM
Re: Bohdmeist post# 92723 0
Post #92724 of 108862
Growth through acquisitions. It’s crazy!! Fastest best way too grow your company. What a plan. Jason has it going on. Following the business plan making it happen. Taking investor money and investing it Buying companies that expand each other’s resources. The other companies jumping at the chance to expand their portfolio and being part of the big picture. Nice. Very Nice!!! And what a big picture it is. Data443 is in. Nothing anyone says can change that!!!
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=151676890
So if some post conjecture and blue sky predictions with no facts or links to promote a stock, they have no agenda? My posts aren't for you guys anyway so simply put me on "ignore".I post opinions based on facts and I provide links. New comers to this stock and this board should have both sides and as much information available as possible. Then if they become bag holders and lose their money, its on them. I have made money several times flipping this into August and have done very well, so I do not have an axe to grind. Debate the information posted quit trying to shoot the messenger. I am not responsible for the dismal history of this company. the play here for me is when the bottom drops out of it another quick flip may be possible. As long as Jason is employing money managers to manipulate this it is dead money in my opinion. The fact that money managers have been deployed and for what purpose is stated in the filings. So the SEC could not care less how they work it.
Grasping for anything in an attempt to mislead new traders here. I have said, and will repost here, it is my opinion that the Dubai office PRs are another deception. Those who promote here cannot point to a single PR that can not be taken apart to reveal the deception. Jason and company are supposed to have a Dubai office, one of the most expensive places in the world, yet ask for rent relief here in the U.S. because of Covid? I am giving them the benefit of the doubt by saying that it is because of Covid.
Under NOTE 5: LEASES
We have a non-cancelable operating lease for our office facility that expire in 2024. The operating lease has renewal options and rent escalation clauses. On July 1, 2020, the Company renegotiated the office lease to obtain rent expense relief for the months of April 2020 – December 2020.
https://sec.report/Document/0001493152-20-021394/
Six figure deal PR again. They always word their PRs very carefully for maximum impact. The intent is to get primarily the volume needed for the dilution. If they could have said "annual revenue of at least $100K per year" I would fully expect that they would have. Statements like these are why the company has such a a credibility problem. This deal was likely done by, what is referred to in the filings, as a "channel partner" with all the expenses the relationship suggests. That is why this statement from the PR is also deceptive. This company does not have the resources to staff an office in Dubai and actually operate internationally. Conversion to the US dollar is .27 to 1.They likely made very little actual revenue from this deal. The value is in the PR and the selling of shares.
Additionally they get away with saying "leading provider of All Things Data Security!" because they own the trademark phrase "Data Privacy Solutions for All Things Data Security™"
"Data443 Risk Mitigation, Inc. (OTCPK: ATDS), is the de facto industry leader in Data Privacy Solutions for All Things Data Security™"
"Leveraging the opening of our Dubai office and our new incredible partner in the Middle East, we look forward to continuing to be a leading provider of All Things Data Security!”
https://www.otcmarkets.com/stock/ATDS/news/DATA443-ANNOUNCES-MULTI-YEAR-CONTRACT-TO-PROVIDE-DATA-CLASSIFICATION-AND-PRIVACY-SERVICES-TO-FLAGSHIP-MIDDLE-EAST-BANK?id=285281
Uplist, there is another pipe dream. They applied last July and you are right, it doesn't take that long for them to respond to the application. In this case it was worth the $12K application fee for the PR benefit that they got. These OTC ticker play that card all the time. Jason did it at the end of 2019. That was the reason for the reverse split and promoted the Dtaexress deal at the same time as he talked about the "road to uplist". It didn't happen then after the reverse split and better financials and it won't now with this share structure and poor financials. Letter below when Jason talked about uplist. If they were serious about an uplist they will need to reverse split this again.
https://backend.otcmarkets.com/otcapi/company/financial-report/224289/content
We can agree that something interesting is on the horizon but we will have to disagree that it will help shareholders. They can't let retail make any money with this short term because they need the funds badly. They will monopolize the selling as much as possible by keeping the price in this range in my opinion. The only thing that will change the game here is a good filing. So if there is good news on that front they will file timely as they should. If the financials are bad again, they will kick the annual filing out into April like they did last year. I believe that this highly controlled with the Maxim agreement and others at the moment. Especially easy to do since the volume has been low. So their job is to manipulate to the highest potential to raise funds and this is done by selling shares to traders. So company performance isn't driving the price.
Exactly, more debt from 2018 and posters here say forget about the past. I would say Blue Citi does have a great relationship with Jason. All Jason's debt holders love him no doubt, LOL. They have made a fortune off of shareholders here.
09/30/2018 $965,156 converts at 60% of lowest price during
the last 20- Trading Days . A bit over 2 million shares converted as of July, 2020. Maturity date 3/31/2021.
https://backend.otcmarkets.com/otcapi/company/financial-report/254499/content
Sure, pile in knowing that it will get hammered with the dilution that we all know is currently standing in the wings and new notes maturing in February. They better get a move on. How much of that $1 million note for Blue Citi which matures at the end of March is left? All of it? As of July it was still nearly a million.
I would say most flippers have converted in this zone so it looks like a note holder dumped a cool 2+ million shares there at .0084-.0085. Nice money when your holding in the 3s. the kill zone should be pretty much clear of retail profit takers now. Time to bag some new longs. Like fish in a barrel with note holders circling the prey. The largest four debt holders are holding off at the moment so turn them if you have them.
Yes, the facts are in the filings are how we know the PRs are deceptive. Traders like to read the flowery PRs because most are motivated thinkers. The dilution goes on every month and the selling of shares is the business model. In my opinion unloading his ClassiDocs product on shareholders is an example of how he makes his money. They take products that never found their place in a very competitive market, cobble them together and generate just enough sales to get some shareholder interest. Revenue PRs are very rare here. They essentially sell a story in my opinion. If they were selling viable products it would be reflected in their financials. They only spent $3000 on sales and marketing last quarter. Look at what the pay Maxim to move shares. Maxim will, or has, received equal to 2.5% of the outstanding share count on a non-dilutive basis as is just part of their compensation. Shares are free for Jason so who cares. Crazy.
Sales and marketing expense for the three and nine months ended September 30, 2020 amounted to $3,000 and $151,000, respectively, as compared to $79,000 and $461,000 for the three and nine months ended September 30, 2019, respectively, which are decreases of $76,000, or 96%, and $310,000, or 67%, respectively. The expenses for the nine months ended September 30, 2020 primarily consisted of developing a sales operation, with some previously reported expenses, primarily management costs, reclassified to general and administrative expenses. Expenses for the nine months ended September 30, 2019 consisted of primarily the same items.
https://sec.report/Document/0001493152-20-021394/
This is hardly a startup. Jason bought this company from a couple of guys and within a couple of months unloaded his "ClassiDocs" on the shareholders that he destroyed with the reverse split. He awarded himself all of the class "A" preferred shares and is CEO, and only board member. He makes all decisions and runs this like a sole proprietorship.
This Jason's "Golden Goose"!.
"Jason Remillard is our Chief Executive Officer and sole director. Through his ownership of Series A Preferred Shares, Mr. Remillard has voting control over all matters to be submitted to a vote of our shareholders."
"During the nine months ended September 30, 2020 we issued to our CEO a total of 148,666 shares of Series A preferred stock."
"In January 2018 the Company acquired substantially all of the assets of Myriad Software Productions, LLC, which is owned 100% by Mr. Remillard. Those assets were comprised of the software program known as ClassiDocs, and all intellectual property associated therewith. This acquisition changed the Company’s status to no longer being a “shell” under applicable securities rules. In consideration for the acquisition, the Company agreed to a purchase price of $1,500,000 comprised of: (i) $50,000 paid at closing; (ii) $250,000 in the form of our promissory note; and (iii) $1,200,000 in shares of our common stock, valued as of the closing, which equated to 1,600,000 shares of our common stock. The shares were issued in the form of 144,000 shares of the Company’s Series A preferred stock as part of the consideration under the Share Settlement Agreement dated August14, 2020, a copy of which is attached here to as Exhibit 10.21."
https://sec.report/Document/0001493152-20-021394/
Six figure deal PR again. They always word their PRs very carefully for maximum impact. The intent is to get primarily the volume needed for the dilution. If they could have said "annual revenue of at least $100K per year" I would fully expect that they would have. Statements like these are why the company has such a a credibility problem. This deal was likely done by, what is referred to in the filings, as a channel partner with all the expenses the relationship suggests. That is why this statement from the PR is also deceptive. This company does not have the resources to staff an office in Dubai and actually operate internationally. Conversion to the US dollar is .27 to 1.
Additionally they get away with saying "leading provider of All Things Data Security!" because they own the trademark phrase "Data Privacy Solutions for All Things Data Security™"
Data443 Risk Mitigation, Inc. (OTCPK: ATDS), is the de facto industry leader in Data Privacy Solutions for All Things Data Security™
"Leveraging the opening of our Dubai office and our new incredible partner in the Middle East, we look forward to continuing to be a leading provider of All Things Data Security!”
https://www.otcmarkets.com/stock/ATDS/news/DATA443-ANNOUNCES-MULTI-YEAR-CONTRACT-TO-PROVIDE-DATA-CLASSIFICATION-AND-PRIVACY-SERVICES-TO-FLAGSHIP-MIDDLE-EAST-BANK?id=285281
$ATDS has a credibility problem on top of the expense, debt, product failure problems. Their PRs are always deceptive and the runs never hold. The price always retreats to new lows. I post facts with links. Can you find something, anything, like wise to support buying this stock? No conjecture and blue sky predictions. Facts and links.
Fundamentals Ha, Ha, Ha. I got a tee hee out of that one.Growing debt and expenses despite the huge increase in outstanding shares.
from the latest 10Q
"As of June 30, 2020, we had assets of cash in the amount of $549,000 and other current assets in the amount of $42,000. As of June 30, 2020, we had current liabilities of $16,558,000. The Company’s accumulated deficit was $34,365,000, largely due to derivate liability treatments."
"As of June 30, 2019, we had assets of cash in the amount of $241,000 and other current assets in the amount of $521,000. As of June 30, 2019, we had current liabilities of $3,401,000. The Company’s accumulated deficit was $13,780,000, largely due to derivate liability treatments."
https://sec.report/Document/0001493152-20-014876/
Come on BC. I was in and out of this three times between May and August and you know that. I have always posted this. I have made great money flipping this when the outstanding shares was under 200 million and the support level was an even .01. You remember those days when you just bough when things settled out at .01 and then sold into Jason's BS PRs? Great fun doubling your money at the minimum. Jason has never gotten any of my money. LOL. No reason why this should be trading here with a billion OS now and heavy dilution in the pipeline just waiting to mature.
On top of the monthly dilution here is some more "random" crap that happens to be facts supported by links. 2 million dollar websites.LOL High school kids put together professional websites these days. No one is impressed with a website anymore. The $ATDS start-up honeymoon was spoiled when they took out the original shareholders with the 1:750 reverse split at the end of 2019. Just a little over a year ago. Those less than 10 million shares last January has grown to a billion now and are worth a whopping .00001. Price dropped from the .70s to .01 in five months. That is how great their product mix is. this trades for the sake of selling stock in my opinion. Gobble up those 8s.
Some additional events will occurre due around the end of February. Sure the Maxim contract expires and once it is done all expenses related to it come due. I'm not sure at what point the 2.5% of the outstanding shares are due to them but they are non-dilutive. So if the price is far below the point of agreement they will be made whole with a true up requiring even more shares.
The recent $300,000 note becomes convertible about the same time, end of February, with "conversion price is equal to 60% of the lower of the lowest trading price during the 20-days immediately preceding the issuance of the Note".
https://sec.report/Document/0001493152-20-017237/
Early in February the purported group of four debt holders who have been holding off will likely start again without an extension.
https://www.otcmarkets.com/stock/ATDS/news/DATA443-SECURES-AGREEMENT-FROM-ITS-LARGEST-INVESTORS-TO-FORGO-ALL-NOTE-CONVERSIONS-FOR-SIXTY-DAYS?id=282856
Why would a typical trader buy this let alone a billionaire. Who do you think are buying the monthly notes as low as .0029 to sell to retail here. Friends and family and those connected most likely. Those traders who bought before the reverse split, when this actually looked like a money maker, and are still holding, have shares now worth .00001. Same cycle going on right now. Rinse and repeat. 2 million dollars is huge for this dinky company. Triton has a pool of 166+ million for the $1 million and gets all expenses paid. Note bad for holding the shares for a few days. Do you realize that they only have like 19 employees and are burning through cash like that. If you are loading in this range, congratulations and good luck.
Wow, conjecture and things made up. Just the fuel that feeds this stock. New bag holders being created in the 8s. I wish I had one of those notes in the 3s which accounts for about all of them. You ever wonder why a company with such a fantastic future must sell notes 100%+ below market to keep the lights on? Here are some of recent reported monthly notes. Not the big ones, just some of the monthly's.If you bother to read the filings this goes on every month. These notes purchased in the 3s are what you are buying now.
dilution since the late quarterly filing
https://sec.report/Document/0001493152-20-024298/
"Subsequent to September 30, 2020, the following transactions occurred:"
On October 02, the Company issued a total of 119,155,869 shares of its common stock to three individuals in connection with the transaction closed on September 16, 2019, in which we acquired certain assets collectively known as DataExpress™ from DMBGroup, LLC. This represented the final issuance of shares due from the purchase of the DataExpress™ assets.
On October 07, the Company converted $92,600 of a promissory note into 30,866,666 shares of its common stock.
On October 08, the Company entered into an Asset Purchase Agreement with Resilient Network Systems, Inc. (“RNS”) to acquire the intellectual property rights and certain assets collectively known as Resilient Networks™, a Silicon Valley based SaaS platform that performs SSO and adaptive access control “on the fly” with sophisticated and flexible policy workflows for authentication and authorization. The total purchase price of $305,000 consists of: (i) a $125,000 cash payment at closing; and, (ii) the issuance of 19,148,936 shares of our common stock to RNS.
On October 21, the Company converted $131,250 of a promissory note into 37,500,000 shares of its common stock.
On November 4, the Company issued 12,711,503 shares of its common stock upon the cashless exercise of a warrant.
On November 16, 2020, the Company converted $118,000 of a promissory note into 40,000,000 shares of its common stock.
On November 23, 2020, the Company converted $44,900 of a promissory note into 15,482,759 shares of its common stock.
On November 23, 2020, the Company converted $44,900 of a promissory note into 15,482,759 shares of its common stock.
On November 25, 2020, the Company issued 5,300 shares of its Series B Preferred Stock in exchange for $50,000 of net proceeds from an investor.
On December 02, 2020, the Company converted $140,000 of a promissory note into 40,000,000 shares of its common stock.
On December 08, 2020, the Company converted $140,000 of a promissory note into 40,000,000 shares of its common stock.
On December 15, 2020, the Company converted $30,000 of a promissory note into 9,375,000 shares of its common stock.
On December 15, 2020, the Company converted $15,150 of a promissory note into 4,734,375 shares of its common stock.
On December 17, 2020, the Company converted $45,000 of a promissory note into 12,371,134 shares of its common stock.
Nothing until it closes at .009. If Triton has a "purchase agreement" in hand they must convert the tranche of shares defined in the agreement within 5 business days. If it does close over .009 look for a PR to be released. Jason won't dump those shares on Triton without some sort of catalyst to create volume in my opinion. They may only get a small group of shares at a time... who knows. A pool of 166+ million are available.
Triton will not hold the shares. Triton has five business days to convert the tranche of shares that it receives after the .009 trigger and will start selling immediately before the price tanks again. This can go on until they exhaust the 166+ million shares or until June 30th.
Quotes from the S-1
"Closing for sales of the Company’s common stock under the Purchase Agreement will occur no later than five (5) business days following the date on which the Purchased Shares are received by Triton’s custodian. In addition, the Company has agreed to pay to Triton (i) $5,000 upon execution of the Purchase Agreement to reimburse Triton’s expenses related to the transaction; and, (ii) $10,000 at the initial closing under the Purchase Agreement as additional reimbursement for Triton’s expenses."
"Triton has a financial incentive to sell our shares immediately upon receiving them to realize the profit between the purchase price and the market price. If Triton sells our shares, the price of our Common Stock may decrease. If our stock price decreases, Triton may have further incentive to sell such shares. Accordingly, the discounted sales price in the CSPA may cause the price of our Common Stock to decline."
https://sec.report/Document/0001493152-20-024298/
It is bad enough to suspect what you hold is being manipulated and is pretty much is the rule in the OTC from time to time. It is quite another to Know for a fact that money managers have been deployed to do it and when. It is right there in the filings. Maxim and Triton have not been commissioned to make retail traders money. It is trading right now in the sweet spot where retail traders are hopeful for a run and hold, while retail flippers are gone or don't hold low enough to turn. If this breaks down you will see a drop similar to the, hour and half, December 15th sell off from .0074 to .0051.
They are pros and know how to maximize conversions by capturing the volume and minimize retail profit taking. The dilution is constantly circling here to unload. All just my opinion based on what I see in the filings. If it were not for this control the price would have tanked by now. Notice how the Triton deal was done shortly after this started trading in the 5s. Traders believe the deal will help traders make money when in fact it will trap them.
All my informed opinion of course. Do your own DD as always.
That sir, is a fact. I am not Triton. Traders here are being worked by pros in my opinion and is supported by the facts in the filings. I am however, smart enough to steer clear of this trade at this moment.
No way without a PR. If I were Triton I wouldn't want those shares without the PR to create the needed volume. True pump and dump. Maxim will generate the traffic and Triton can start cashing in. So without the PR I would expect more walls in the high 8s so the current note holders can convert and not trigger the Triton commitment. And nicely so since note holders have shares priced in the 3s. Other notes simply are priced at 50% to 60% of the lowest closing price in the last 20 days. Nice deals if you can get them. Current note holders are very happy to convert here in the 8s. looking back Jason creates new notes every week. This zone will continue to fill until it fails. Then they will take it down just a notch. In my opinion this level is holding because the four largest holders have agreed to hold off for the 60 days and the remaining are being patient and disciplined. Probably cooperatively so.
If I were a note holder, I would put that wall up temporarily and feed my shares bought in the 3s into this level and get filled before Triton got their turn. If the retail sheep take out my .0086s wall...Fantastic! Put up another wall! There are plenty holding.
dilution since the late quarterly filing
https://sec.report/Document/0001493152-20-024298/
"Subsequent to September 30, 2020, the following transactions occurred:"
On October 02, the Company issued a total of 119,155,869 shares of its common stock to three individuals in connection with the transaction closed on September 16, 2019, in which we acquired certain assets collectively known as DataExpress™ from DMBGroup, LLC. This represented the final issuance of shares due from the purchase of the DataExpress™ assets.
On October 07, the Company converted $92,600 of a promissory note into 30,866,666 shares of its common stock.
On October 08, the Company entered into an Asset Purchase Agreement with Resilient Network Systems, Inc. (“RNS”) to acquire the intellectual property rights and certain assets collectively known as Resilient Networks™, a Silicon Valley based SaaS platform that performs SSO and adaptive access control “on the fly” with sophisticated and flexible policy workflows for authentication and authorization. The total purchase price of $305,000 consists of: (i) a $125,000 cash payment at closing; and, (ii) the issuance of 19,148,936 shares of our common stock to RNS.
On October 21, the Company converted $131,250 of a promissory note into 37,500,000 shares of its common stock.
On November 4, the Company issued 12,711,503 shares of its common stock upon the cashless exercise of a warrant.
On November 16, 2020, the Company converted $118,000 of a promissory note into 40,000,000 shares of its common stock.
On November 23, 2020, the Company converted $44,900 of a promissory note into 15,482,759 shares of its common stock.
On November 23, 2020, the Company converted $44,900 of a promissory note into 15,482,759 shares of its common stock.
On November 25, 2020, the Company issued 5,300 shares of its Series B Preferred Stock in exchange for $50,000 of net proceeds from an investor.
On December 02, 2020, the Company converted $140,000 of a promissory note into 40,000,000 shares of its common stock.
On December 08, 2020, the Company converted $140,000 of a promissory note into 40,000,000 shares of its common stock.
On December 15, 2020, the Company converted $30,000 of a promissory note into 9,375,000 shares of its common stock.
On December 15, 2020, the Company converted $15,150 of a promissory note into 4,734,375 shares of its common stock.
On December 17, 2020, the Company converted $45,000 of a promissory note into 12,371,134 shares of its common stock.
Maxim can't walk it past that wall. Better hope they drop a good PR if this gets that .009 close. LOL. They better have volume to soak up those shares that Triton will drop like a bad habit. Hang back for the desperation selling if the buyers don't show up. New bag holders have been made all day in the 8s. Under water retail may even get tired of the games here and join in the selling.
Every thing you just posted about $ATDS is wrong. The four largest debt holders held off for 60 days with a possible 30 day extension. This does not mean that they are not currently creating new notes because we know that they do it every month. The Trition deal includes a pool of 166+ million shares standing ready. There is a lot coming on line in February as well. The filings are littered with notes and debt. They had less than 200 million shares out standing going into August. Now nearly over a billion.
You cannot say that this company is profitable because it isn't. If you read the PRs instead of the filings you will certainly be one of the stuck here in this stock.
"The net loss for the three and nine months ended September 30, 2020 was $1,500,000 and $14,254,000 as compared to a net loss of $3,196,000 and a net income of $4,027,000 for the three and nine months ended September 30, 2019,..."
https://sec.report/Document/0001493152-20-021394/
dilution since the late quarterly filing
https://sec.report/Document/0001493152-20-024298/
"Subsequent to September 30, 2020, the following transactions occurred:"
On October 02, the Company issued a total of 119,155,869 shares of its common stock to three individuals in connection with the transaction closed on September 16, 2019, in which we acquired certain assets collectively known as DataExpress™ from DMBGroup, LLC. This represented the final issuance of shares due from the purchase of the DataExpress™ assets.
On October 07, the Company converted $92,600 of a promissory note into 30,866,666 shares of its common stock.
On October 08, the Company entered into an Asset Purchase Agreement with Resilient Network Systems, Inc. (“RNS”) to acquire the intellectual property rights and certain assets collectively known as Resilient Networks™, a Silicon Valley based SaaS platform that performs SSO and adaptive access control “on the fly” with sophisticated and flexible policy workflows for authentication and authorization. The total purchase price of $305,000 consists of: (i) a $125,000 cash payment at closing; and, (ii) the issuance of 19,148,936 shares of our common stock to RNS.
On October 21, the Company converted $131,250 of a promissory note into 37,500,000 shares of its common stock.
On November 4, the Company issued 12,711,503 shares of its common stock upon the cashless exercise of a warrant.
On November 16, 2020, the Company converted $118,000 of a promissory note into 40,000,000 shares of its common stock.
On November 23, 2020, the Company converted $44,900 of a promissory note into 15,482,759 shares of its common stock.
On November 23, 2020, the Company converted $44,900 of a promissory note into 15,482,759 shares of its common stock.
On November 25, 2020, the Company issued 5,300 shares of its Series B Preferred Stock in exchange for $50,000 of net proceeds from an investor.
On December 02, 2020, the Company converted $140,000 of a promissory note into 40,000,000 shares of its common stock.
On December 08, 2020, the Company converted $140,000 of a promissory note into 40,000,000 shares of its common stock.
On December 15, 2020, the Company converted $30,000 of a promissory note into 9,375,000 shares of its common stock.
On December 15, 2020, the Company converted $15,150 of a promissory note into 4,734,375 shares of its common stock.
On December 17, 2020, the Company converted $45,000of a promissory note into 12,371,134 shares of its common stock.
I hope that they manage to walk this up to a .009 close. I'm interested in what a Triton smack down looks like. They better get a PR out there for some volume or it will be ugly. New bag holders in the making as they fill this trading channel up with the dilution.
Uplist!...LOL Jason's letter summer of 2019 to shareholders is below. Described the Dataexpress debacle as a "no-brainer" and that the reverse split was to help prepare for "uplist". Does this stuff sound familiar? If they couldn't do it last year with the stock trading .70s after the reverse split they won't. Their financial are worse now than then.
https://backend.otcmarkets.com/otcapi/company/financial-report/224289/content
Reverse splits are a disaster for shareholders of companies that fail to get traction during the share count run up. they take all the money and fail to produce anything that generates viable revenue. Some, very few, however have a great business model and do the reverse split off a strong balance sheet. This in turn generates institutional interest at the higher price after the reverse split. This ticker appears to be focused on the balance sheet rather than existing for the purpose of selling shares.
All the months that you have been buying does the 178K get you to 100 million? You know, if you did lock up that much the price here would still go down because of the dilution relative to revenue.
In my opinion the next PR will likely be about paying down some debt. This has been done by creating more debt with the notes and convertible preferred shares. Triton is standing in the wings to start converting a pool of 166+ million shares as well. News none the less and that is what creates the volume needed to raise funds. They haven't been spending any money on sales and marketing which suggests to me that their products aren't selling well. So a revenue PR would be doubtful. Another acquisition PR in light of their financial condition would probably drop the price again.
I'm not sure how you can say that. They provide the services and are under contract. The full text of Maims's agreement is at the bottom of the last 10Q. I find it hard to believe that the Triton deal wasn't handled by them.
https://sec.report/Document/0001493152-20-021394/
"On August 28, 2020, Data443 Risk Mitigation, Inc. (the “Company”), entered into a letter agreement (the “Maxim Agreement”) with Maxim Group, LLC (“Maxim”) for Maxim to provide general financial advisory, investment banking, and digital marketing services for the Company for an initial term of 6-months. In exchange for the services under the Agreement, the Company shall issue to Maxim shares of the Company’s company stock (a) upon execution of the Maxim Agreement in an amount equal to 2.50% of the Company’s issued and outstanding shares of common stock; and, (b) 2.49% of the of the Company’s issued and outstanding shares of common stock upon the up-listing of the Company’s common stock to a national exchange (NASDAQ or NYSE). All shares issued to Maxim will be non-dilutable for 2-years. Further, cash fees will be paid to Maxim as follows: (i) monthly fee of $2,500; (ii) 8% of the amount of capital raised, invested or committed through or arranged by Maxim; (iii) fee for unallocated expenses of 1% of the amount of capital raised, invested or committed through or arranged by Maxim; and (iv) a 5-year warrant to purchase shares of the Company’s common stock equal to eight percent (8%) of the number of shares of the common stock underlying the securities issued in the financing arranged by Maxim. Lastly, Maxim shall receive a transaction fee equal of 3% of the consideration underlying an acquisitive transaction (such as a merger) arranged by Maxim. A copy of the Maxim Agreement is attached hereto as Exhibit 10.23"
come on BC, Triton will not hold the shares. Triton has five business days to convert the tranche of shares that it receives after the .009 trigger and will start selling immediately before the price tanks again. This can go on until they exhaust the 166+ million shares or until June 30th.
Quotes from the S-1
"Closing for sales of the Company’s common stock under the Purchase Agreement will occur no later than five (5) business days following the date on which the Purchased Shares are received by Triton’s custodian. In addition, the Company has agreed to pay to Triton (i) $5,000 upon execution of the Purchase Agreement to reimburse Triton’s expenses related to the transaction; and, (ii) $10,000 at the initial closing under the Purchase Agreement as additional reimbursement for Triton’s expenses."
"Triton has a financial incentive to sell our shares immediately upon receiving them to realize the profit between the purchase price and the market price. If Triton sells our shares, the price of our Common Stock may decrease. If our stock price decreases, Triton may have further incentive to sell such shares. Accordingly, the discounted sales price in the CSPA may cause the price of our Common Stock to decline."
https://sec.report/Document/0001493152-20-024298/
I suspect that may be true. Maxim stands to make 8% extra on the value each time they can trigger a tranche of Triton shares with a .009 close. Looks to me like Maxim walked the price up to .008 to give it a better chance. This is the most manipulated stock I believe I have ever seen. They advertise what they are doing and traders still line up to buy in.
We have seen this before on low volume and no news. They walk it up, let the bid build and then hammer it. Last half hour should tell the story. Something may have leaked or Maxim has created some buzz on a social platform somewhere. This doesn't go up for no reason.
Must be news out somewhere. Nice move.
The final report for last year (2019) wasn't released until April of 2020. Notice of late filing didn't come until the end of March 2020. I don't see why this year will be any different.
The numbers aren't good and they have been focusing on the selling of shares to fund operations. I would like to say that they are retiring debt but despite the addition of nearly a billion shares in 2020 it doesn't appear to be the case. They aren't focusing on sales either according to the last 10Q. New preferred shares and other notes have been created. Old debt was repackaged and kicked out to next summer as well which is constantly filling the pipeline.
"As of June 30, 2020, we had assets of cash in the amount of $549,000 and other current assets in the amount of $42,000. As of June 30, 2020, we had current liabilities of $16,558,000. The Company’s accumulated deficit was $34,365,000, largely due to derivate liability treatments."
"As of June 30, 2019, we had assets of cash in the amount of $241,000 and other current assets in the amount of $521,000. As of June 30, 2019, we had current liabilities of $3,401,000. The Company’s accumulated deficit was $13,780,000, largely due to derivate liability treatments."
"The net loss for the three and nine months ended September 30, 2020 was $1,500,000 and $14,254,000 as compared to a net loss of $3,196,000 and a net income of $4,027,000 for the three and nine months ended September 30, 2019, respectively."
"Sales and marketing expense for the three and nine months ended September 30, 2020 amounted to $3,000 and $151,000, respectively, as compared to $79,000 and $461,000 for the three and nine months ended September 30, 2019, respectively, which are decreases of $76,000, or 96%, and $310,000, or 67%, respectively. The expenses for the nine months ended September 30, 2020 primarily consisted of developing a sales operation, with some previously reported expenses, primarily management costs, reclassified to general and administrative expenses. Expenses for the nine months ended September 30, 2019 consisted of primarily the same items."
https://sec.report/Document/0001493152-20-021394/
The current .007 resistance is artificial. It was created with the Triton deal to encourage those to flip in the range thinking Maxim can get the price over .009. They don't really care if it closes over .009 because it allows them to convert the outstanding notes in the 7s and 8s. Note holders are holding notes priced in the 3s and a lot more dilution is coming online in February. The Triton deal was done because the debt cartel of four, who are holding off at the moment, managed to crack .005 on the downside in my opinion. Since the deal they have managed to hold the 7s. This is allows note holders to double their money and limit retail profit taking.
Traders are being duped in this range and will become the future bag holders. All of this is my opinion based on the information available. The outstanding share count is increasing rapidly and with it the pressure on the real value of the shares. Eventually existing shareholders will tire of the game and start selling. Patience here will lose you a lot of money as the outstanding share count increases. Just ask those who have been holding for months. All one has to do is read the filings to see the new shares coming online. The company has communicated to everyone what they are doing so the SEC has nothing to say.