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Possibly, but it is on the backs of current shareholders who are losing with the relentless dilution every week. The dilution will force a reverse split eventually. I would think this company could qualify for decent financing but I guess not. The dilution is free money. Just not sure how low they are willing to push it. New traders wanting into this should just sit back and wait.
This company is all about the selling of shares. It is unbelievable the extent that they manipulate it. The action at the close yesterday is good evidence of the movement on nothing here. If a company get noticed by a regulating entity this one would certainly qualify in my opinion. I wish a couple of trades that I am holding would be so brazen.
Maybe news out somewhere. Could just be a bounce that jumps because traders here have a hair trigger buy button with dreamy run expectations. Maybe the LinkedIn drama is the PR for the week. Lets face it, odds are good that they will drop something of a PR. They have only missed one week since mid July.
I have not and I answered this question last week. I'm not comfortable holding this at the moment. This is a very dishonest company in my opinion. A better strategy may be to wait for real news, maybe miss the first 30% or so, jump on and ride a day or two, then bail. The news here is never as advertised so I wouldn't hold it long. Anything negative will likely send this to the basement. The recycled news lately isn't even moving it as it once did. Too many holders waiting to bail bought just above a penny with the heavy dilution.
So this company promotes every exaggerated morsel possible and we learn about retiring a note from some unnamed inside source?
Tempting... but no. The huge dilution between .01 and .03 and the over the line promotional stuff has been more than deceptive in my opinion. I have been caught in one of these years ago that was locked for just this reason, stock manipulation. When the stock is locked, it is done without notice and you lose everything. I would prefer buying on genuine news now and miss the first 30% or so of the run. Ride it for a couple of days and cash out. I don't like the thought of holding this at this time. I have a high risk tolerance but those that promote this are fairly reckless in my opinion. It makes me wonder if these regulating trading entities have the funding to monitor this type of activity anymore. I am currently frustrated by a couple that I am holding where the companies aren't saying anything. Those that are diluting and promoting for $ATDS have hurt the stock with the constant recycled hyped and deceptive news. It shows that they really don't have anything to make this move now.
You got your PR for the week. Traders here expect one every week from the company and they were only disappointed once since mid July. They post every week so the effect now is nil. Nothing new to report yet they release anyway. They are fund raising in my opinion and you will see one a week until they are done.
http://ih.advfn.com/stock-market/USOTC/data443-risk-mitigation-pk-ATDS/stock-news/83282929/seeking-alpha-one-cent-cyber-security-atds-latest
Lol, this board is so entertaining.
They are truly shameless promoters lol. Their PRs appear to no longer have an affect on price other than possibly slowing the decline. I would like to know if they have raised enough funds to close the new acquisition deal yet. The PRs are dropping again which leads me to believe they are still needing funds.
More dumping this morning. It looks like they let it breath just long enough to dump new shares. There doesn't seem to be an end to this. Doubt we will see any news until they are done.
Pointing out facts about their history and what is currently happening by people like ourselves is a real problem for their share selling model of business. Most people trade on these articles and the posts by the promoters on these platforms. Very tempting to jump in when it appears to be easy quick money. Those who run this company have done very well for themselves over the years. They are very adept at coming up with something that makes the share price pop however. So it is very tempting to buy some at some point and play the flip again. Sell on the news though because the truth is never as advertised here.
More deception in my opinion. Matt Abenante quote from post #105252. Dilution is for retiring notes? They aren't paying for the new acquisition from cash and they posted a loss of 12 million last quarter? How much dilution for the acquisition? We know that shares were also doled out for other things like the 5 million for the new adviser. They have been clearly capping the upside potential of this stock with the dilution is my opinion.
"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."
The article is great evidence of the deceptions from this company in my opinion. Best example is ZOOM. Their product was not adopted by ZOOM and they are not a client in any way that produces revenue. It is simply a free download on their site. Keep posting these deceptive crap pieces and I will follow-up with the clarifications. Don't you think that the company would be promoting the listed relationships directly if they were valid? Only two NFL teams after all this time? I don't understand how funneling this sort of deceptive information through a third party is even permitted by the SEC or trade commissions.
"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]
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.
?
New ID and a very aggressive promoter from the start. The company is shameless in their promotion of the stock so I always am mindful of those here that do the same. The company pays for their promo pieces so you have to believe that they also pay for surrogates to promote on these platforms. In my opinion the people to run this operation are very deceitful. Buyer beware applies here more than usual.
The 52 week high of 1.90 that is touted in the articles is actually .0025 before the 1:750 reverse split. So last year this was trading at .0025. today's presplit price would be .0091 / 750 = .0000121. They present the $1.90 a year ago as a good thing. Tens of million have been lost by shareholders here and not a hint of a regulating body looking at it? I have to wonder if they haven't stepped a bit over the line with the ZOOM promo.
hate cliches, but you haven't lost until you sell. I'm not optimistic about this at all as you know. But these guys a shameless, they can really repack the old crap and sell it so don't discount a pop. Just be ready to act when it does because it won't last long in my opinion. Best PR at moment for me would be for the new ex-google adviser to come out and say that he has a great deal of confidence in this company and he won't be selling is shares until this hits a dime. Then we would know that he hasn't cashed out and that he has something at stake.
Of course it can. Huge number of new shares sold between .01 and .03. The old support was at a penny when the outstanding share count was much lower. Disappointing to many here that the last Alpha article fell flat. They aren't reaching new traders apparently. Something to pay attention to for those who are looking for an entry from which to flip.
We are players here. Many here have been in and out several times and made money. Just because one doesn't hold it at the moment doesn't mean we won't in the future. The last PR drop moved this in the wrong direction. Like any stock pick it is an personal opinion what the best entry looks like. Don't blame the people who have pointed out the facts and expected this to drop as it has since .04 for the negative price action. This is only supported by the promotion. When the promotions stop or fails, the price drops. So we aren't going away, we are just waiting for the next trading range for flipping. This stock is not an investment vehicle in my opinion. We have to be mindful of the recent huge dilution and try to determine if there is a positive catalyst in the works to move this up. I don't see one at the moment. We don't trade on the hyped promotion articles, we pay attention to what they are actually doing and have done. Be in a position to sell when the company promotes and sells new shares.
They are great at promoting. They will come up with something and give you an exit maybe if you are in at this level. They are shameless pumpers. I didn't see the 155 million share day coming a few weeks ago on recycled information. Anything can happen with this company. Sell the news if you are up though. Once the news is really scrutinized it always falls apart. That is the history here and just my opinion of course.
It had a lot of support at this level prior to the recent fund raising push that started in July. Now the hundreds of millions of new shares will take a toll. The trading range may now be well below a penny for the flip. This will see headwinds starting at .01 now in my opinion. particularly if they aren't able to generate anything new to report to encourage people to hold their shares. Afraid to average down now, right?
I would like to know if he cashed out on his shares yet. That would be very telling. They would have gotten more promotion out of it if the price needed so see say dime before he could cash in. Then it would be pay for performance? Show some confidence maybe?
If you are trading on seeking alpha articles you won't be doing it long. do you believe the line below which is very deceptive and has been discredited? It duped a lot of traders. ZOOM did not adopt the $ATDS product. It is a free download on their site. ZOOM has purchased another product and is developing it inhouse for this purpose.
"Leading video communications platform, ZOOM (ZM) adopts DATA443 cyber security and places it at top of first page of cyber security offerings"
Hey, don't stop there Seeking Alpha has been at it a while. They are a paid promoting outlet in my opinion. They basically print the same thing most of the time. A lot of bloviating.
https://seekingalpha.com/symbol/ATDS/press-releases
I question the revenue growth because I don't trust the management of this company. They have a licensing model for accounting. We will see what Q3 numbers tell us. They were preparing for the huge fund raiser that started in mid July. The most important line in the Q2 release;
"The net loss for the six months ended June 30, 2020 was $12,754,000 as compared to a gain of $7,224,000 for the six months ended June 30, 2019."
It isn't that hard to separate the bloviating from useful information. The problem is that most who read these boards fall into the category of motivated thinkers. They look for information that reinforces what they already believe or are seeking reassurance if they are upside down on their trade. Lets face it, few here are not upside down on their trade at the moment.
This stock has never been an investment...Ever. The only people here you have made money are those like myself who play the flip. It is difficult to do now with the additional dilution and the over hyped promotions. They have lost their credibility and with it their ability to make the price pop. Head winds begin in the current range and build from there for future moves. I'm interested in seeing the outstanding share count. They will need something substantial to move this in the future.
So what news are you waiting on? They have been dropping PRs every week since mid July with the exception of one. People here expect a PR drop or two every week. What company does that other than those that promote the shares for dilution? The move off the last PR was down. Maybe they need to be quiet for a while.
The uplist application was done for promotional reasons in my opinion. I have seen much better companies get denied because of the outstanding share count and price for example.. The acquisition was done for the same reason. The old product mix is dated and proven to be ineffective. They are not developers in my opinion. They are simply integrators of acquired products that they attempt to tailor for specific customers. They have to really reach when promoting to get trading interest here. The ZOOM name drop was the biggest deception. They have very little credibility which is why they have paid for the new advisor. I should say traded shares for the work. That relationship doesn't amount to much more than influence peddling in my opinion. They price has gone from .70+ post split to a penny in 5 months. This speaks to their credibility and the efficacy of the product mix. They seem to be doing the same thing that has burned traders before. Acquiring products to promote through the selling of shares. They appear to be doing nothing organically. I am suspicious of recent sales figures given how software licensing is done. You can claim sales increases for a couple of quarters at the expense of future quarters if that is when the deals were signed. They still had a nearly $2.5 million loss last quarter. They need to sell a lot of shares just to cover expenses. They do everything they can to promote the shares and really focus on it.
The mid May spike was a nice setup for the July promo push. That was on very low volume and the outstanding share count was much lower than it is now. The intent was, as you are promoting now, to make traders believe that this could run much higher. The July run failed at .04 due to heavy dilution and again failed to crack .025 on a subsequent 155 million share day for the same reason. The company doesn't promote so that shareholders can make money. They promote to sell shares. They keep the range within a zone to limit retail selling and encourage buying and accumulation on the perception that the shares are cheap. Bottom line is that this is very difficult to flip this when they are promoting and raising money. The dilution means that the bottom is very difficult to determine. They have also have so worn out the news with the constant promotion that it no longer has much of an affect.
Agreed. That metric is useless as long as new shares are being dumped into the market.
Thank you for the clarification. Good luck.
Some of your post sounds like a Seeking Alpha article. Do you write for them? People have been reading these lines for months now. Time to deliver has passed for the company and they aren't being given the benefit of the doubt because they aren't honest. Nothing new in the latest article means there is nothing new.
And there is yet another Alpha Seeking recycled article for $ATDS. Did $ATDS buy Seeking Alpha? Maybe this is what all the dilution is for. There is the ZOOM name drop as well. Notice the date and yet it trades down. The old news has no effect any more. used to at least pop a little on Mondays.
What is this? from the book 1984?, are you revising history? .70+ in early January post reverse split down to a penny in 5 months. They have nothing to sustain the price after they promote as usual. Where did you come up with the new market cap number? Especially after the huge dilution since July? They are losing money every quarter. Who cares what ZOOM is doing other than maybe that is where everyone should have put their money instead of here. There is no revenue from ZOOM, not even potentially.
Technical chart analysis is useless here. This only moves when they promote and when they do, they sell shares. the magnitude that the metrics are skewed is based on the degree of dilution.
Unfortunately hope has never made me or anyone money in the OTC. I however hope you are right. I should have bailed when this ran after the last toxic dump. Is there any reason to believe this is the last? I doubt it. You have a CEO in charge who grows by acquisition and he doesn't appear to be shy about selling shares. I should have paid attention to that. So what now it appears to be going to a penny of less you aren't raising much money. Take a billion shares at a penny and what are you really going to do with it in this industry? Buy a Truck? It looks to me like the only way to really raise funds selling shares in the future is after a reverse split and promote it to new investors at a higher valuation. It looks like future traders will be benefiting from the losses of current holders.
I'm in this and trapped myself unfortunately. This has been a poor trading decision for me and listening to the company was the problem. Good traders, not counting myself for this one, anticipate the conditions for a reverse split and don't get caught up in it. I never saw the burning of their stock and its investors coming. Many here bloviate and say that they called it but they didn't see this kind of dilution coming either. I believe this is what paying off toxic debt looks like. When the smoke clears it won't be pretty in my opinion. I hope I'm wrong. I'm holding but have pretty much written this one off.
I'm not sure what an oversold metric has a bearing on a stock that is being pounded by dilution like this. Isn't RSI most relevant when the outstanding share count is static? If a company is this intent why would they not push as many new shares in the market well below a penny if they can simply reset with the reverse split and wipe the slate clean? Between an announcement and post reverse split you could see another 50% drop. Their willingness to drive this down 10% a day is a clear marker for me of intent. I suspect the huge dump this morning is to capture as much as possible before the buying dries up and retail starts participating in the selling in earnest.
It is almost comical now when I remember the posters who say they have their bid in at .015 hoping to get filled. We could have had a hundred million shares on the bid at that level and they would have blown it away with the dilution. In fact, if you put up a hundred million on the bid now, it wouldn't last long. Huge fire sale going on and it isn't clear how low they will take it. For what purpose is the question. It should have been better managed to get more value from the dilution. Unfortunately they simply wipe the slate clean with a reverse split. No doubt they have over played this now in my opinion and retail is selling as well. I thought buying at .02 was a bargain. I doubt .01 is a bargain now.
They have pounded it enough with out any rebounds that retail will be joining in on the selling. We all know that this kind of dilution goes on in this space but this is so irresponsible that a reverse split has to be in the works. No company burns their stock like this and expects traders to continue buying. I believe that they intend to put shareholders like myself in the rear view and move on after a reverse split. It should be criminal but it isn't.