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How would the be compliant when they appear to be not responding to the SEC inquiry. The letters state that amendments to the past filings in question need to be amended. There have been no such new filings. It is actually my opinion that any stock that has demonstrated that it exists for the purpose of selling stock should be suspended. Last years Dataexpress $2.8 million deal included 2 billion shares. They are still paying for this deal. They then a couple of months later take a $1.3 million dollar write down on the deal while shafting the existing shareholders with the reverse split. I suspect that there were complaints which triggered the SEC inquiry. Many share holders have been played for fools by this share selling scheme off of routinely deceptive PRs. All you have to do is the 1:750 RS math to see what scam this has turned out to be. They did several reverse splits as Landstar and one upon renaming itself. yes, my opinion is this should be halted. I honestly believe one day it will be. What Jason does may not be unlawful but that doesn't mean it isn't criminal.
No one can deny that this company's main business appears to be stock selling.
People should understand that as of the July 13th OTCQB application filing that they only has a bit over 188 million shares outstanding. This has rocketed up to nearly 883 million by November 30th. They only started the year with around 10 million shares in January after the reverse split. They will be under pressure to increase the authorized share count for the 4th time this year or very early next. They have a huge increase this year in the accumulative deficit despite the dilution. This is one expensive operation with a lot of dilution in the pipeline from note holders.
https://backend.otcmarkets.com/otcapi/company/financial-report/254499/content
The SEC really should stop trading on this in my opinion.
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/
Changes in Authorized Shares
On October 14, 2019, the Company filed an amendment to its Articles of Incorporation to effect a 1-for-750 reverse stock split of its issued and outstanding shares of common and preferred shares, each with $0.001 par value. All per share amounts and number of shares, in the consolidated financial statements and related notes have been retroactively adjusted to reflect the reverse stock split.
On March 5, 2020, the Company amended its Articles of Incorporation to increase the number of shares of authorized common stock to 250,000,000.
On April 15, 2020, the Company amended its Articles of Incorporation to increase the number of shares of authorized common stock to 750,000,000.
On August 17, 2020, the Company amended its Articles of Incorporation to increase the number of shares of authorized common stock to 1,500,000,000.
https://sec.report/Document/0001493152-20-021394/
How about less conjecture and more facts with links. Conjecture is responsible for the huge shareholder losses over the past several years. No one other than the company and short term flippers has ever made money with this stock.
Data433 has the reputation for floating these very deceptive PRs. Who else could post that four largest debt holders are holding off on the dilution for 60 days and sell it like it improves the companies financials somehow. Then get a 70 million share day that they most certainly sold into to the tune of 20% loss yesterday. Hello new bag holders. This has been going on at all levels since it hit .04 in August. If you have some facts concerning ZOOM other than Data433 has a free down load available on their site then someone should post it with links. They sold a heck of a lot of shares off that clever free download placement. Then they let the PRs and their surrogates on social media do the rest.
Post 105252 below is post conference call Q&A for Q2
MAKESOME79
Wednesday, 09/02/20 11:39:35 AM
Re: None 0
Post #105252 of 105623
Hot this email this morning.
Sorry that we ran out of time for the Q&A. Addressing your questions:
Have you had any more interest in the NFL contracts?
Generally speaking, interest in the ARALOC Secure Sports Management Platform has increased within the sports world, including other sports leagues, professional and collegiate.
There was news release about Zoom. Are you working help them secure a better security for there platform and for its users?
The press release (https://data443.com/pr-data443-delivers-industry-first-privacy-scanner [data443.com]) refers to the Privacy Scanner that we’ve designed for Zoom users. Zoom recently acquired a company that they believe will help them in terms of privacy within their platform, to keep this function in-house.
Is there any plan to dilute any stock?
The dilution in the stock is a product of existing convertible notes, which we are working on extinguishing. We’ve negotiated standstills with several of our noteholders, and are working towards a solution that doesn’t place a cap on the upside potential for Data443.
How are you going to grow shareholder value? Is your plan to get on Nasdaq?
We believe a combination of growing our recurring revenue base organically, making accretive acquisitions with strong assets behind them, and decreasing our debt balance to more manageable, friendlier terms, all within this highly compelling industry environment, will only enhance our value to shareholders.
If you have any other questions, please let me know.
Regards,
Matt
Matthew Abenante, IRC
President
Strategic Investor Relations LLC
Office (646) 828-8710
Mobile (973) 908-0935
www.strategic-ir.com [strategic-ir.com]
Meeting Scheduler [outlook.office365.com]
Follow us on Twitter [twitter.com]
Follow us on LinkedIn [linkedin.com]
***********************************************
This message and the information contained herein are proprietary, confidential and may be privileged. If you are not the intended recipient please do not read, copy, disclose or distribute its contents to any party and notify the sender immediately.
Looks like yesterday was just massive dilution with 70+ million. They will likely let it walk up again ideally into the 07s. They should get another good bid build from there. Need to juice it a bit with another PR. Wax on...Wax off....repeat.
Sorry, wrong board for that post.
Reposting for those stopping in here who see all the ZOOM happy talk on the other social media platforms.
We dug into the relationship in August and discovered that it is simply a free download available on the ZOOM site. The line in the PRs suggest a revenue generating relationship. Someone posted a QA post Q2 conference call with Matthew Abenante, IRC President Strategic Investor Relations that revealed more. ZOOM apparently has purchased a product to serve the same purpose. Reposting this because the ZOOM "deception" in recent PRs is still pulling in traders. To my knowledge Jason has been careful to not refer to this relationship which is very telling.
Line items from recent PRs
"Leading video communications platform, ZOOM (ZM) adopts DATA443 cyber security and places it at top of first page of cyber security offerings"
"Growing client list includes ZOOM, AMZN AWS, SPLK, WORDPRESS, HEWLETT PACKARD, RIPPLE CRYPTO CURRENCY, CITRIX, NFL TEAMS"
Post 105252 below is post conference call Q&A for Q2
MAKESOME79
Wednesday, 09/02/20 11:39:35 AM
Re: None 0
Post #105252 of 105623
Hot this email this morning.
Sorry that we ran out of time for the Q&A. Addressing your questions:
Have you had any more interest in the NFL contracts?
Generally speaking, interest in the ARALOC Secure Sports Management Platform has increased within the sports world, including other sports leagues, professional and collegiate.
There was news release about Zoom. Are you working help them secure a better security for there platform and for its users?
The press release (https://data443.com/pr-data443-delivers-industry-first-privacy-scanner [data443.com]) refers to the Privacy Scanner that we’ve designed for Zoom users. Zoom recently acquired a company that they believe will help them in terms of privacy within their platform, to keep this function in-house.
Is there any plan to dilute any stock?
The dilution in the stock is a product of existing convertible notes, which we are working on extinguishing. We’ve negotiated standstills with several of our noteholders, and are working towards a solution that doesn’t place a cap on the upside potential for Data443.
How are you going to grow shareholder value? Is your plan to get on Nasdaq?
We believe a combination of growing our recurring revenue base organically, making accretive acquisitions with strong assets behind them, and decreasing our debt balance to more manageable, friendlier terms, all within this highly compelling industry environment, will only enhance our value to shareholders.
If you have any other questions, please let me know.
Regards,
Matt
Matthew Abenante, IRC
President
Strategic Investor Relations LLC
Office (646) 828-8710
Mobile (973) 908-0935
www.strategic-ir.com [strategic-ir.com]
Meeting Scheduler [outlook.office365.com]
Follow us on Twitter [twitter.com]
Follow us on LinkedIn [linkedin.com]
***********************************************
This message and the information contained herein are proprietary, confidential and may be privileged. If you are not the intended recipient please do not read, copy, disclose or distribute its contents to any party and notify the sender immediately.
Yeah, a real runner. 70+ million share day yesterday closed 20% into the red. They will get another big share dilution day again as soon as they can get this up to where the bid will build. So predicatable.
Huge dilution in the pipeline as well. A billion news shares this year and their debt still grows. This company depends on heavy dilution every month just to simply operate. They are what, 4 years into this and still not able to pay the bills from operations? Started the year with around 10 million outstanding shares after wiping out shareholders with the reverse split. Great company, great performance. Nearly all of that billion new share dilution is under water.
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/
Looks like yesterday was just massive dilution with 70+ million. They will likely let it walk up again ideally into the 07s. They should get another good bid build from there. Need to juice it a bit with another PR. Wax on...Wax off....repeat.
A note about SEC investigations. They are requesting transparency concerning last years Dataexpress deal in the inquiry. Big question is did the lack of required transparency in the filings have an adverse effect on shareholders and to what degree? Looks like information was omitted from the filings and the SEC wants to see it. I would think Jason would be cooperating at this point if there is no fire and just smoke. Especially given that the reverse split was announced a month after the deal which effectively wiped out shareholders.
"SEC investigations are generally conducted on a confidential basis to maximize their effectiveness and protect the privacy of those involved. Because SEC investigations are generally nonpublic, Enforcement will not confirm or deny the existence of an investigation unless the SEC brings charges against a person or entity involved. Enforcement also will not provide updates on the status of any pending SEC investigation."
https://www.sec.gov/oiea/investor-alerts-bulletins/ib_investigations.html
Been resolved in your opinion or do you have a link for that? You don't think Jason would get that information out there if it had been addressed? I would think that it will take the SEC time to do anything materially about the lack of cooperation. As is typical for the government there are procedures and I'm sure notification is the first step. I would think that notifying share holders that there is an issue through the filings, that it would be incumbent for them to follow-up with another notification if it had been resolved. Also in the past responses from the accounting reps to the SEC had been posted. Additionally they are requesting amendments to the 8K and past filings which have not been posted.
for example;
https://sec.report/Document/0001493152-19-005824/
It would be wise to assume that the SEC matter is ongoing until something is issued otherwise in my opinion. Particularly given the volatility of this stock.
Why don't we go with what we know about the SEC inquiry. I know what fuels this stock is conjecture, rumor, deceptive PRs... I can go on. However…
The SEC in inquiring about two things. They are asking for more information including financial filings for the $2.8 million Dataexpress deal September 2019. they are also questioning the timing and amount of the $1.3 million write down for December 2019 from this deal. The SEC is posting this information publicly for the benefit of the shareholders.
SEC letter concerning subject matter dated June 10, 2020
"We note that your acquired certain assets collectively known as DataExpressTM on September 16, 2019 for a total purchase price of $2.8 million. We also note in the Form8-K dated September 16, 2019 that the certain assets..."
"...Please revise to provide all disclosures required pursuant to ASC 805-10-50-2. Also, please amend the Form 8-K to provide financial statements required pursuant to Rule 8-04 of Regulation S-X and Article 11 pro forma financial information required by Item 9.01(a) of Form 8-K."
"We note that you recorded an impairment loss of $1,328,638 during the year ended December 31, 2019. Please expand the disclosure on page 40 and in MD&A to explain the reason for the amount and timing of the impairment."
https://sec.report/Document/0000000000-20-005163/
SEC follow-up letter dated July 09, 2020
“We issued comments to you on the above captioned filing on June 10, 2020. As of the date of this letter, these comments remain outstanding and unresolved. We expect you to provide a complete, substantive response to these comments by July 23, 2020.”
https://sec.report/Document/0000000000-20-006166/
The Data433 (Jason's) response July, 27, 2020
"TON (Thayer O’Neal) has assured us that it will be able to provide us with the needed detailed response within the next 30-days. As such, we respectfully request that the Staff grant us an additional 30-days from the date of this letter to submit our comprehensive response to the Comment Letter. Please be further advised that TON has also agreed to make itself available for a conference call to specifically address our response, once filed."
https://sec.report/Document/0001493152-20-014049/
Data433 dismisses Thayer O’Neal September, 28, 2020. I guess they won’t be answering the inquiry after all or Jason wasn't happy with the response???? what really happened here?.
“On 28 September 2020, Data443 Risk Mitigation, Inc. a Nevada corporation (the “Company”) dismissed Thayer O’Neal Company, LLC (“O’Neal”) as its independent registered public accounting firm…”
https://sec.report/Document/0001493152-20-018804/
Last SEC letter filed to Data433 dated September 01, 2020.
“As you have not provided a substantive response, we are terminating our review and will take further steps as we deem appropriate. These steps include releasing publicly, through the agency's EDGAR system, all correspondence, including this letter, relating to the review of your filing, consistent with the staff's decision to publicly release comment and response letters relating to disclosure filings it has reviewed.”
https://sec.report/Document/0000000000-20-008234/
Something is wrong with this picture in my opinion. I wouldn't have expected this kind of sell off because of retail tax selling this early. You know I think this is a stock selling scheme and am the most negative about it on this board. It seems to me that they are either heavily diluting or some kind of intel is out there. We normally don't see 70 million + volume day on nothing. I am considering a potential after hours news drop. Could just be diluting and taking advantage of the recent run up. Rinse and repeat after the next PR.
Has this ticker ever not made a round trip or lower after a run? Is this not a characteristic of a pump and dump? Look at the YTD chart. Lower highs and lower lows.
I would think it is still too early for that kind of tax sell off. We have seen action before news in the past. The sudden volume is the suspicious part. It could be just simple dilution taking out the bid that has built since last week. I suspect that this could be the case if they walk it back up before close.
LOL, again rumor, innuendo, false or deceptive PRs... the fuel that maintains this stock. I can see a PR drop that states that it gets resolved only to dig deeper and find that they have been fined and need to correct the tax situation from the misstated write down. That would be classic Jason, get a big pop on bad news sold as good and sell a bunch of shares. Maybe "birdie" is the reason for the sell off on increased volume. All in my opinion of course.
This should trigger a Jason PR. I would think that have a few queued up. Remember that Maxim is under contract and part of their service agreement is marketing. They need to get to work!
And those needing to convert will gladly sell them the shares. The outstanding share count better slow down or they will need to increase the authorized shares again very soon. 882,842,751 outstanding 11/30/2020 . It must be over a billion now.
Changes in Authorized Shares
On October 14, 2019, the Company filed an amendment to its Articles of Incorporation to effect a 1-for-750 reverse stock split of its issued and outstanding shares of common and preferred shares, each with $0.001 par value. All per share amounts and number of shares, in the consolidated financial statements and related notes have been retroactively adjusted to reflect the reverse stock split.
On March 5, 2020, the Company amended its Articles of Incorporation to increase the number of shares of authorized common stock to 250,000,000.
On April 15, 2020, the Company amended its Articles of Incorporation to increase the number of shares of authorized common stock to 750,000,000.
On August 17, 2020, the Company amended its Articles of Incorporation to increase the number of shares of authorized common stock to 1,500,000,000.
https://sec.report/Document/0001493152-20-021394/
Anyone believe Jason's comments below from the latest PR about an up list and continued debt reduction? The financials alone are prohibitive for an uplist let alone the ongoing, unanswered, SEC inquiry regarding the December 2019 10Q.
"Keep in mind that over the last 12-months the Company has reduced its debt by over $3.2 million dollars. With no conversions for the next 60-days by these investors, we can continue to prepare for an up-list of our stock to a senior exchange, while taking actions to continue to decrease our derivative liabilities, working to reduce our debt with direct cash and equity pay downs, and continue to expand our business.”
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/
I agree. Jason will be pulling out all the stops to limit the tax selling damage including having stake holders hold off on the conversions. Nearly everyone holding right now is underwater. More PRs, rumors, and promises of future revenues coming shortly in my opinion. There is a LOT of dilution in the pipeline including all of the renegotiated notes that have been pushed out into next year. All one needs to do is read over the most recent 10Q. At some point they will flush the current shareholders out with the reverse split as they did December 2019.
https://sec.report/Document/0001493152-20-021394/
I guess your comment makes no sense to me. Billion new shares this year and growing every month represents a lot of pent up loses. I do know that they need to convince traders to hold into the new year by any means possible. As usual they sell a lot of promise and never ever have delivered on them. What is the 1:750 presplit value now? No one here can point to any factual catalyst in the pipe line. It is always rumor, innuendo and speculation. Never anything factual. They have gotten a lot of mileage and shareholder loses from this model.
Holding off the four largest debt holders isn't stopping the dilution. They dilute monthly to pay for operations. You can see the monthly cash for promissory note conversions in the 10Q. This goes on every month. That is how you go from 10 million outstanding shares to a billion in 10 months.
Example line item.
"On September 29, the Company converted $75,000 of a promissory note into 25,000,000 shares of its common stock. The issuance was exempt under Section 4(a)(2) of the Securities Act."
It isn't a partnership. We dug into the relationship in August and discovered that it is simply a free download available on the ZOOM site. The line in the PRs suggest a revenue generating relationship. Someone posted a QA post Q2 conference call with Matthew Abenante, IRC President Strategic Investor Relations that revealed more. ZOOM apparently has purchased a product to serve the same purpose. Reposting this because the ZOOM "deception" in recent PRs is still pulling in traders. To my knowledge Jason has been careful to not refer to this relationship which is very telling.
Line items from recent PRs
"Leading video communications platform, ZOOM (ZM) adopts DATA443 cyber security and places it at top of first page of cyber security offerings"
"Growing client list includes ZOOM, AMZN AWS, SPLK, WORDPRESS, HEWLETT PACKARD, RIPPLE CRYPTO CURRENCY, CITRIX, NFL TEAMS"
Post 105252 below is post conference call Q&A for Q2
MAKESOME79
Wednesday, 09/02/20 11:39:35 AM
Re: None 0
Post #105252 of 105623
Hot this email this morning.
Sorry that we ran out of time for the Q&A. Addressing your questions:
Have you had any more interest in the NFL contracts?
Generally speaking, interest in the ARALOC Secure Sports Management Platform has increased within the sports world, including other sports leagues, professional and collegiate.
There was news release about Zoom. Are you working help them secure a better security for there platform and for its users?
The press release (https://data443.com/pr-data443-delivers-industry-first-privacy-scanner [data443.com]) refers to the Privacy Scanner that we’ve designed for Zoom users. Zoom recently acquired a company that they believe will help them in terms of privacy within their platform, to keep this function in-house.
Is there any plan to dilute any stock?
The dilution in the stock is a product of existing convertible notes, which we are working on extinguishing. We’ve negotiated standstills with several of our noteholders, and are working towards a solution that doesn’t place a cap on the upside potential for Data443.
How are you going to grow shareholder value? Is your plan to get on Nasdaq?
We believe a combination of growing our recurring revenue base organically, making accretive acquisitions with strong assets behind them, and decreasing our debt balance to more manageable, friendlier terms, all within this highly compelling industry environment, will only enhance our value to shareholders.
If you have any other questions, please let me know.
Regards,
Matt
Matthew Abenante, IRC
President
Strategic Investor Relations LLC
Office (646) 828-8710
Mobile (973) 908-0935
www.strategic-ir.com [strategic-ir.com]
Meeting Scheduler [outlook.office365.com]
Follow us on Twitter [twitter.com]
Follow us on LinkedIn [linkedin.com]
***********************************************
This message and the information contained herein are proprietary, confidential and may be privileged. If you are not the intended recipient please do not read, copy, disclose or distribute its contents to any party and notify the sender immediately.
You believe that is retail? Really? Could be actually but you never know here. The dilution machine almost certainly has not stopped. The tax selling machine should be starting up soon with many taking advantage of the recent rise in share price. This is what Jason is attempting to limit in my opinion. Nearly everyone who is currently holding those 800 million new shares this year is sitting on loses.
It looks like the ZOOM connection is still circulating on social media despite being debunked months ago and revealed as a deception. There are a lot of promoters at work this month.
This scam is well documented. Traders buying simply for a flip and at this level slim hope for much of a gain. Risk reward is totally out of balance at the moment. When was the last time you saw a PR that refers to revenue. Its all about restructuring debt. Reality concerning the debt and why the share count has grown exponentially this year. The accumulative debt has increased substantially despite the 800+ million in additional dilution this year. Remember, they only had around 10 million shares outstanding in January after the reverse split. This gives you an idea of the rate of increase.
Good overview of position relative to last year. From the 10K.
"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/
Not likely given their financials and the ongoing SEC inquiry.
https://sec.report/Ticker/ATDS
Yeah, probably to pay some bills. I suspect that they will take out a million share bid all day long if it builds at this level. No need to buy the ask in my opinion. Make sure it comes to you.
We do not know what kind of agreement Jason really has with the largest note holders other than to stand down. Given the history here I would bet that whatever agreement isn't good for the common shareholders. They dropped 2 billion shares on the Dataexpress deal last September and issued the 8k for the 1:750 reverse split a month later. This essentially wipe out the shareholders at the time. Don't forget that they just filed the 8K for the 80,000 shares of the Series B Preferred Stock with a stated value of $10 a share. For what purpose? Again, not to benefit the common shareholder in my opinion.
https://sec.report/Document/0001493152-20-022832/
Always speculation and reading between the lines with this stock and its how Jason operates in my opinion. If it was resolved or looked to be resolved amicably you bet Jason would something out. I believe if he was addressing the matter we would have seen another correspondence filing to the SEC as we have in the past. So far nothing since the September 1st correspondence from the SEC. New traders should be aware of this before Jason drops more PRs this month. They will be driving hard to support this as close to the penny as they can in my opinion. I suspect with the volume of new shares this year that are under water that they will need extra effort to weather the expected tax selling storm.
A positive PR would reveal that they are addressing the SEC inquiry. Jason appears to be really promoting this month so I would think if there were positive developments that he would be getting it out there.
July 27, 2020 request 30 additional days for Thayer O’Neal Company to respond to the inquiry
https://sec.report/Document/0001493152-20-014049/
"TON has assured us that it will be able to provide us with the needed detailed response within the next 30-days..."
Company dismisses Thayer O’Neal Company September 28, 2020
"On 28 September 2020, Data443 Risk Mitigation, Inc. a Nevada corporation (the “Company”) dismissed Thayer O’Neal Company, LLC (“O’Neal”) as its independent registered public accounting firm after the Company was informed that O’Neal had applied for de-registration from the Public Company Accounting Oversight Board (the “PCAOB”). It is further noted as follows:..."
https://sec.report/Document/0001493152-20-018804/
Most recent letter from the SEC September 1, 2020 indicates that they have not received a response
"As you have not provided a substantive response, we are terminating our review and will take further steps as we deem appropriate. These steps include releasing publicly, through the agency's EDGAR system, all correspondence, including this letter, relating to the review of your filing, consistent with the staff's decision to publicly release comment and response letters relating to disclosure filings it has reviewed."
https://sec.report/Document/0000000000-20-008234/
https://sec.report/Document/0000000000-20-005163/
This company survives on monthly shareholder funding to stay afloat. Started the year with around 10 million shares after the reverse split and now easily in the billion outstanding share neighborhood. They have doubled the authorized share count three times this year and are probably under pressure to do it again.
So with that many shares sold this year, and with it selling near the low, nearly everyone holding is under water. The latest PR really illustrates for me the concern that they have that the tax selling may drive the price much lower. The four biggest cartel of debt holders may be holding back conversions but they aren't the only ones converting. So it was comical to me to see the volume that the PR drove with people loading up in this range.
More PRs for sure are coming to keep the price up and to try and convince people that they should hold into the new year. Jason always implies that success is just around the corner. Hope springs eternal and is why shareholders have always been left holding the bag here.
Changes in Authorized Shares
On October 14, 2019, the Company filed an amendment to its Articles of Incorporation to effect a 1-for-750 reverse stock split of its issued and outstanding shares of common and preferred shares, each with $0.001 par value. All per share amounts and number of shares, in the consolidated financial statements and related notes have been retroactively adjusted to reflect the reverse stock split.
On March 5, 2020, the Company amended its Articles of Incorporation to increase the number of shares of authorized common stock to 250,000,000.
On April 15, 2020, the Company amended its Articles of Incorporation to increase the number of shares of authorized common stock to 750,000,000.
On August 17, 2020, the Company amended its Articles of Incorporation to increase the number of shares of authorized common stock to 1,500,000,000.
https://sec.report/Document/0001493152-20-021394/
I seems to be necessary to post again about the August ZOOM deception. Please refer to post 105252. $ATDS has a product that is a free down load on the ZOOM site. Many PRs have added a line suggesting that they have a revenue generating relationship. Zoom apparently has purchased a product that they are developing inhouse for this purpose. Traders need to be very skeptical when reading paid PRs from this company in my opinion.
"Leading video communications platform, ZOOM (ZM) adopts DATA443 cyber security and places it at top of first page of cyber security offerings"
"Growing client list includes ZOOM, AMZN AWS, SPLK, WORDPRESS, HEWLETT PACKARD, RIPPLE CRYPTO CURRENCY, CITRIX, NFL TEAMS"
Post below is post conference call for Q2
MAKESOME79
Wednesday, 09/02/20 11:39:35 AM
Re: None 0
Post #105252 of 105623
Hot this email this morning.
Sorry that we ran out of time for the Q&A. Addressing your questions:
Have you had any more interest in the NFL contracts?
Generally speaking, interest in the ARALOC Secure Sports Management Platform has increased within the sports world, including other sports leagues, professional and collegiate.
There was news release about Zoom. Are you working help them secure a better security for there platform and for its users?
The press release (https://data443.com/pr-data443-delivers-industry-first-privacy-scanner [data443.com]) refers to the Privacy Scanner that we’ve designed for Zoom users. Zoom recently acquired a company that they believe will help them in terms of privacy within their platform, to keep this function in-house.
Is there any plan to dilute any stock?
The dilution in the stock is a product of existing convertible notes, which we are working on extinguishing. We’ve negotiated standstills with several of our noteholders, and are working towards a solution that doesn’t place a cap on the upside potential for Data443.
How are you going to grow shareholder value? Is your plan to get on Nasdaq?
We believe a combination of growing our recurring revenue base organically, making accretive acquisitions with strong assets behind them, and decreasing our debt balance to more manageable, friendlier terms, all within this highly compelling industry environment, will only enhance our value to shareholders.
If you have any other questions, please let me know.
Regards,
Matt
Matthew Abenante, IRC
President
Strategic Investor Relations LLC
Office (646) 828-8710
Mobile (973) 908-0935
www.strategic-ir.com [strategic-ir.com]
Meeting Scheduler [outlook.office365.com]
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the four largest debt holders have taken a break. They are just some of what is in the pipeline. Dilution goes on otherwise or this company is out of business. Most who have really been around and looked at the 10Qs know that.
The $ATDS startup honeymoon was over long ago. Those shareholders got wiped out after the December 2019 reverse split. Calculate the value of those shares given current price divided by 750. 1 for 750 reverse split. Started this year with around ten million outstanding shares and now nearly it is around a billion. They are doing the same thing again.
They aren't the only ones converting. $ATDS converts share to promissory notes to pay expenses etc. Transactions are detailed in the 10Q. Who know what else Jason is paying for.
They will sell them to you at this level all day long. Next week to!
I don't get why the latest PR generated the volume that it did. Having debt holders collaborating in order to maximize their return represents a cartel of debt. The focus isn't generating revenue from sales it is focused on by what means and how much can we get from traders of the stock. This is how it has always been. Only Jason can brag about reducing debt as it grows. The statement from Jason;
"Keep in mind that over the last 12-months the Company has reduced its debt by over $3.2 million dollars. With no conversions for the next 60-days by these investors, we can continue to prepare for an up-list of our stock to a senior exchange, while taking actions to continue to decrease our derivative liabilities, working to reduce our debt with direct cash and equity pay downs, and continue to expand our business.”
How do you square this circle. 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/
I guess the filings mean nothing. I guess the fact that this is trading where it is after 1:750 reverse split means nothing. The dismal numbers in the 10Q as well. Holders here are very fortunate that there is enough naive money out there who buy the PRs.
I'm not paid anything. No one is shorting this so who would pay me. I also have no idea who Zani is. You have said that in the past as well. I sure as hell wish I was getting paid. If anyone out there wants to cut me a check for my DD please let me know. LOL. I have learned a lot from Jason's tactics and watch for them everywhere now. I have learned that most of what is printed for these OTC companies is paid for deceptive trash. This stock is mostly entertainment.
Oh I'm on the sideline. When the SEC is in the house I'm on the porch. No conjecture. Facts and links. Shareholders have never done well here unless they have been in a position to flip into Jason's PRs. That is how Jason makes money and the only way traders make money here. Sell into the promos if you can. Never buy what he is selling in his stories in my opinion.