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They have been releasing something every week with the exception of one since the middle of July. Regardless, people are paying more attention to what isn't revealed at this point and suspect of what is. They were relatively quiet leading up to mid July. Much lower OS level and and very light volume sent this to .13 in mid May on a little PR push. They have been in fund raising mode since this period started and soaked up all the energy driving this north with the dilution. The "Blitz" references from the past is when they were dropping two and three PRs a week driving 70 million and 155 million trading days. Those days are not to be repeated in my opinion.
Were the acquisitions not widely publicized? Terms of these deals are not revealed. Relationships aren't clarified. Is the lack of transparency the reason it is down? Maybe the lack of transparency is why this appears to be so buoyant at this level. We shall see.
My post history is easy to find. I have been correct since mid July when this run peaked and have not lost a dime on this. Look at the chart on this company and you will see that the only people making money are those that flip for the profit and the company selling shares. without exception. No one made money here going long... ever. You have been in this since 2017? Not than I'm perfect either. I get my arse reamed here in the OTC like everyone else from time to time. This company is so blatant in their promotion / dilution game that they aren't that hard to read. You simply have to play their game and be in a position to sell when they do. It is safer to assume that If they are promoting, they are selling in my opinion. That is what this company has done for a very long time.
Absolutely! This can be a great flip if you can get the right entry. This isn't moving like it used to. Have to wonder if the game is up here. Too many here playing the flip and too many sellers because the company needs the funds in my opinion
I have been posting this type of "non-useful" call outs since this hit .04 in mid July and have been correct in saying that this disinformation would lead to the fall of the stock price. Correct about my target buy of .075 though I didn't take advantage of it. Mocked all the way down. It is also why the company and the publications that print this stuff have so little credibility. Best evidence is the failed run on the acquisition news and the relatively low volume. the news here is always suspect in my opinion.
Taking a few minutes to post information that may be useful is all that I am motivated to do. Leave it for those who loaded up in the .02s and .03s who are experiencing heavy losses who may have the motivation to complain. There are many deceptions in the Seeking Alpha articles and others in my opinion. I might buy for another flip if this gets low enough. But I would be mindful of any attention from regulating bodies. Caveat emptor.
I'm not holding. Last sold in mid July for the third time for good money so I have no damages. The ZOOM name drop piece reads as if there is a revenue generating relationship. This contributed to the two high volume runs since mid July in my opinion. I consider it very deceiving in its intent and it is still being run in the latest Seeking Alpha article.
"Leading video communications platform, ZOOM (ZM) adopts DATA443 cyber security and places it at top of first page of cyber security offerings"
"While the industry and companies like ZOOM (ZM – NASDAQ) have been exploding, DATA443 Risk Mitigation (ATDS: OTC) has also been doing everything right and riding a wave of parabolic growth with their “Open Source” platform that is rapidly catching on."
https://seekingalpha.com/instablog/21922151-bioresearch-alert/5508410-data443-acquires-resilient-network-systems-sales-soaring-cyber-security-comps-underscore
This appears to me to suggest that ZOOM is using their product. Why state it this way unless your intent is to deceive. Maybe state the facts instead. Maybe say that it is available as a free download.
Maybe write what Matthew Abenante, IRC President Strategic Investor Relations LLC says as was posted 09/02/20, post # 105252. Excerpt;
"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."
Yes, stakeholders should be entitled see the terms that have not been disclosed.
from investopedia;
Pump-and-dump is an illegal scheme to boost a stock's price based on false, misleading or greatly exaggerated statements. Pump-and-dump schemes usually target micro- and small-cap stocks. People found guilty of running pump-and-dump schemes are subject to heavy fines.
Is it OK to have paid surrogates exaggerate and mislead on your behalf?
The ZOOM deception should have triggered some complaints in my opinion.
SEC seems to move in slow motion however.
These Seeking Alpha articles aren't effective at all anymore. They simply change the title and add the new promoted line item. They have been doing this for so many months now that it is a huge bloviating promo piece that people have seen fifty times. Looks great for the uninformed but those traders are running thin now. Most of the big items like the ZOOM deception promo have been so discredited that the entire piece become suspect. They don't even remove the clearly dishonest crap. They are very lazy in my opinion. What ever happened to the goldman rag that used to print the same type of articles about $ATDS.
I can't believe they are going to let this acquisition go without more fanfare. Still time to get some things stirred up for tomorrow mornings pop. Surely they won't wait until Friday.
They need volume and this latest effort isn't paying off. It got slapped down pretty handily yesterday. They need to find new traders to pitch to and get this juiced again.
Is that huge dilution soaking up that volume this morning? LOL, this is going nowhere.
Good luck. That failed run yesterday should be a lesson.
Did you actually read what you said? You don't think those that run this company haven't made money off the millions of shareholders losses? You don't think maxim gets a paycheck from this? Every board has their primary promoters that are suspect. Do you have anything else to help with the credibility issue with this company? Someone is running the fund raising show for Jason and company. they are very good at fleecing shareholders. You will likely see another print from Seeking Alpha and you will see more action and heavy selling into it. It will not likely go much above a penny. They need the selling to themselves for the volume that they need to move.
"Then wtf is maxim up to?"
Maxim group offers a variety of services. I am thinking that they have been running this whole acquisition / promotion / share selling show since mid July. $ATDS doubled the outstanding share count and signaled that they would be acquiring more products. They told everyone what they were about to do. Same shareholder raping scheme as before. They simply want a variety of products to promote so that they can sell shares. When the price gets too low, or the outstanding share count gets too high, they simply reverse split. Same as before. At this price level they will be selling a lot of shares to cover their operating and acquisition expenses. The ONLY people making money with this scheme are flippers and the people running this CHIT show. I wonder how much of the cut maxim gets.
Really? posted 12 million is loses for the first half of the year. Where does all the funding for operations and acquisitions come from? This acquisition appears to be a dormant company.
Right? That is way too much selling into the volume to account for profit taking in such a short time period. Stinks of dilution. I think they know that they can't let this run much over a penny without competing with retail sellers. Just my opinion of course. This stock is fun to watch.
That is the wall of dilution that I have been talking about. Flipping range for this is below a penny. Once it pops above a penny you bail and take your profits if you can. Huge number of holders who want out above a penny. The exits are bulging not to mention the need for the company to raise funds to cover expenses and these stupid acquisitions. If $ATDS is promoting they are selling in my opinion. This had the failure to launch and they probably took what they could. Stay tuned, they aren't done with this promotional material yet. They will release it somewhere for new eyes the rest of the week.
When is $ATDS news ever as advertised. It falls apart when it is closely scrutinized. They don't have much credibility since they haven't been successful with all of the other acquisitions.
Yeah, why I was a bit confused by this PR. It isn't material enough maybe? They keep making deals and the terms aren't revealed. If it was on good terms you bet they would be bragging about it. They post 12 million in losses for the first half of the year and still muster enough funds for a couple of acquisitions. These acquisitions must be a couple of minor league bench sitters. Again, something stinky here in my opinion.
Hey Mr. Facebook Cult. I'm thinking maxim is running this whole acquisition / promo / dilution show. You asked what they might be doing. What do you think?
If it is a new acquisition it couldn't have cost much unless he paid in shares. I can see why maybe terms haven't been released as stated in the article. As if shareholders don't have right to know. Probably not materially significant enough for a filing. As usual it is for the promotional value.
The ending sentence says it all. Same old $ATDS, new batch of hapless investors. Hope some of you grabbed that 20% or so flip. Always sell the news here.
"We remain committed to an opportunistic and prudent acquisition strategy that positions Data443 as the industry leader in data privacy solutions for All Things Data Security,” concluded Mr. Remillard."
So what exactly is this acquisition? The closing of what was previously announced? It can't be much if it is a new acquisition and closed? $ATDS doesn't have anything to buy with other than shares. Something stinky here. Good opportunity for those wanting out though.
Maybe maxim has been running this whole promo / dilution show since mid July. It would explain a lot of things.
What services is $ATDS paying for with maxim? What are they "Really" getting paid to do and with how many shares? The stories here never hold up. They got a good pop on the ZOOM deception, the ex-google adviser, the QB uplist application which has no chance. Looks like more influence peddling to bring some credibility to the story in my opinion. Cling to the maxim speculation and load up. My entry is much lower with a flipping range up to a penny.
You can ask that question with everything else they are doing. They have had chances during the calls to explain what is going on directly. They depend on their surrogates for the messaging. They always sell the story and innuendo and let the promoters on these boards fill in the gaps. I just look at what they have done to destroy their credibility with the promotions. The performance to date is abysmal with the reported loss of over 12 million during the first half of the year. I currently see better stories in the OTCQB realm trading lower than $ATDS. This shouldn't be trading this high.
"OTC pump and dump composed of failed technology and a gang of failed companies?"
If it waddles and quacks...it is a duck!
Pretty quiet here. Low volume is your friend if they aren't promoting the stock.
That will depend of price in my opinion. If it goes too low to raise funds they will RS. Then they will promote that the low outstanding share level is attractive given that the "Great" product mix has so much potential. This was the story at the beginning of the year after the 1:750 reverse split, No? They must raise funds by selling shares or they are done. 12 million in losses for first half of the year. I takes a lot of shares to cover that.
This stock has always been a game. It isn't an investment and never has been in my opinion. All that you need to do is look at the chart history and the millions lost. The only people who have made money are those playing their game. That is to obtain a flippable entry and sell when they promote. Their entry is locked in at zero cost and they sell when they promote. That is the best that you can do with this stock since the product doesn't perform. The new trading range appears to top out at a bit over a penny. It will get worse toward the end of the year. There are a lot of losses yet to be locked in for taxes.
Yes it is. The status here has gotten worse since I made the comments about the .0075 buy target. I don't like seeing the letters SEC in the posts now. I suspect that there have been a lot of complaints about the disinformation being released since the mid July promotion blitz. If they go quiet this has no chance of going up before the end of the year. I suspect there is a lot of tax selling potential coming before the end of the year as well.
I have been saying for a long time that my target buy price was .075. Now that we are in that neighborhood I can't pull the trigger. They have so destroyed their credibility during the latest promotion push that I doubt that they can move it. They have thrown everything against the wall from the ZOOM deception to the uplist application which had no chance. Looks like the flipping range will hit a wall just above .01. Need some help from the promoters here. What will move this now and would anyone believe it any more? New buy closer to .005 to give it some room to pop? Anyone believe that they won't be converting that renegotiated note while they can?
They are doing the same thing now as before. Having the ability to promote the selling of shares is their business model. Acquire products through dilution. Operate through dilution. Q2 documented loss of over $12 million. Their credibility is so bad that I doubt that I can flip this like before. I never bet on the actual business here, I played this on their ability to promote it. Play it for the pump and dump that it is. Always be in a position to sell when they are promoting.
"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."
Current presplit value .0082 / 750 = .0000109. The value now of the shares that acquired the old product mix.
Very much what people have been saying here for years. Look down the road at the promise of the product and management performance. Don't look at the history here and at the product that has failed in the market place. Looking back at an ugly chart YTD. New flipping range for this is under a penny in my opinion. This has been and always will be a flipping stock. This is true of any pump and dump scheme. Nothing really in the pipeline for a catalyst so anyone long is stuck yet again. The exits are bulging from the dilution between .01 and .03. People are hoping to cut their losses or just get their money back.
Could be. The thing with this company is that they spin everything to nth positive degree and always disappoints when closely scrutinized. Everything released is suspect, even the filings.
Lining up great financing and no dilution for 6 months... I can't believe I haven't bought yet. Debt holders are in no better position than share holders in my opinion. What choice did they have? They are hoping to get their money back like everyone else here.
They are huddling for sure. They will come up with something to promote unless the SEC or others are really snooping around. It wouldn't surprise me to learn that there have been shareholder complaints. The ZOOM deception for one sucked a lot of new bag holders in on this.
I can only wish that some of the other stocks that I hold could be supported by such flimsy prospects. Huge losses reported last quarter.
I don't see the volume that you are seeing. News here has been nonstop. Really can't categorize it as "news" though. They should release something we don't know for a change.