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CLOK Board shows 449 shareholders. Over 50% reduction
Looking at prior year financials shows approximately 1,100 shareholders. $0 income + less shareholders + no products/services to sell + fugazi business dealings = lower stock price and extremely high market speculation.
"next, on American Greed..."
The time is now! CLOK is ready to…
…do nothing. CLOK could have made an offer to acquire 10 taco trucks and this scenario would be identical. This seems to be more favored towards SideChannel than CLOK, and definitely NOT CLOK shareholders.
Would CLOK be attractive to a new investor? Obvious answer is NO! SideChannel offers gross revenues; same as taco trucks.
What should existing shareholders (purchased NSCT or at $2/share or $1/share) do? They have no choice; they must hold. No choice. Unless they need $$ to buy food or pay rent.
This “deal” would be less fugazi if CLOK management wasn’t already directly linked to SideChannel.
Even De la garza would be impressed!!
CLOK BOD and Mgmt; same game, different names
That’s the main takeaway
It’s the same ol’ stuff, easy for some to see, invisible to the blind, greedy and desperate
CLOK has $0 sales. $0. $0.00.
CLOK is “buying” a private company, with shared human resources, using common shares. Current shareholders will be diluted…again. If SideChannel achieves a low placed hurdle, shareholders will be diluted and control will realign.
Caveat emptor
Joseph Gonzalez sounds like a hero!
Ton Wilkinson had an obligation to shareholders to follow up with the informant and notify SEC. Did he?
clok-em-dead
Member Level
Wednesday, June 01, 2022 11:01:27 PM
Re: TronCarter post# 23429 of 23430
This was an email from Gonzalez to Tom. Obviously admitting his relationship with mdlg.
to twilkinson
Tom,
I got your contact information from a Cipherloc shareholder. I'd like to speak to you regarding multiple business opportunities where I believe the product (if in production) might play a key role. Candidly - I have a history with the former CEO and found him to be unethical. I look forward to our discussion.
It’s obvious that Eric Marquez was right.
He resigned from CLOK and testified against Michael de la Garza. Anything else is likely defamation.
Message in reply to ‘Clok-em-dead’:
Obviously Eric Marquez knows all about the past miss information cycle of Cipherloc. I was told Eric Marquez spent time in jail for money laundering among other things.
#misinformation
History repeats itself. Instead of MedPay/GAWK/Hemp,Inc, it’s SideChannel
Pamela Thompson got a six-figure cash bonus for “bringing in” Gawk. Michael de la Garza also got an extraction bonus for the GAWK “deal” and all kinds of fugazi reasons. And now there’s SideChannel.
Only the names have changed.
Source: https://www.sec.gov/Archives/edgar/data/1022505/000072174815000004/nsct10k093014.htm
#delagarzaliveson?!
Why acquire SideChannel now? Why not last year??
CLOK has $0 sales. Previously, CLOK somehow got Milton to “use” them. Then that revenue stream stopped. What happened to that “contract”? Wasn’t Milton Mattox touted as the savior??
Before that was SoundFi. Lots of smoke and mirrors that ended up dissolving. Explanation? Excuse? Nope. Nothing. Another broken dream.
Then there was GAWK. $1mil “sale”. What ever came of that transaction? Lawsuit, finger pointing, SEC investigation. Is it over?
And now this proposed SideChannel cashless acquisition. If things work out, existing shareholders will be kicked to the curb. If they don’t, it’s just another slap in the face dilution.
SideChannel gains no usable resources from being acquired by CLOK.
Dear Abby, CLOK has $0 sales.
The CEO has gone into hiding.
Lawsuits have only increased in quantity and complexity.
PR has dissolved.
Stock price is at all-time lows.
CLOK is a true going concern business, and looks, sounds and acts like a shell.
So why would CLOK purchase SideChannel, a private company with several conflicts of interest?
I apologize. I underestimated CLOK shareholder gullibility.
Here’s the playbook for dummies:
1 find a shell (CLOK)
2 gain voting and operational control
3 insert lackeys as needed
4 find a profitable business; acquire with shares
5 steal control from shareholders (they’ll never see it coming!)
6 raise more money
7 rinse and repeat
Any questions?
Lots of chatter and speculation regarding CLOK announcements
CLOK’s current state of affairs is not normal, to say the least. Recent moves and board actions suggest decisions that are not in the best interest of most CLOK shareholders, especially those shareholders who bought in thru a money raise. The recent decisions, ironically, are actually in the best interest of key CLOK management and directors.
I would be surprised to not see a lawsuit filed by shareholders ASAP.
Yes, still a scam. Smoke and mirrors.
CLOK has $0 sales. Declining cash balance. SideChannel and CLOK have been "in bed" for awhile now. Why make this deal now? Why structure the deal the way it's being structured? Low hurdle, lots of stock being issued...play out the moves and see what happens when they achieve the marginal goal of attaining $5.5 million.
I offer pity for those who aren't able to see the writing on the wall.
#pitiful
Message in reply to clok-em-dead:
Still considered a scam…….lol
Quote
CLOK is an excuse magnet. Scam 101.
CLOK will be on American Greed one of these days. Why? Because the storyline is just like the rest of the stories on this show. Michael de la Garza may not be at the helm (actually, it's hard to tell these days) but all he did was pass the baton to Tom Wilkinson who fumbled it around and then passed it to Andrew Borene who also juggled it and dropped it before passing it back to Wilkinson who hot potatoed it over to Hnatiw and then Chasteen. Meanwhile, all other relay teams (competition) have finished the race and left the stadium. Meanwhile, CLOK is still trying to figure out which way to go and how.
"The website's gonna take time...testing's gonna take time...sales take time...the app is gonna take time...MDLG is taking us to the moon....Borene is the answer...Wilkinson knows this person and that person...Chasteen is just quiet, give him time..."
Fleetwood Mac had that song about sweet little lies - was it written about CLOK?
Umm, this isn't a sale, more like bonus?
CLOK just announced a desire to "purchase" a company that includes 2 key directors.
Looking forward to see how this one plays out. #lol
Message in reply to clok-em-dead:
Looks like we can put all this to bed……..
Quote
CLOK website_waitlist; is it for sales or Mgmt_bonuses?
Sales aren’t likely, but bonuses have always been early or on time. Or is the waitlist for next money raise? Or is it for CLOK’s new website look.
Yesterday’s volume was less than a quarter. Ouch.
#goodnight
2. Nuff said
Comparison of Results
Our revenue decreased to zero for the three months ended December 31, 2021, from $8,750 for the three months ended December 31, 2020. This decrease was due to our having no new invoicing activity taking place in the reporting period. Neither of our current licensees generated any licensing revenue during the period.
CLOK website_waitlist; is it for sales or Mgmt_bonuses?
Sales aren’t likely, but bonuses have always been early or on time. Or is the waitlist for next money raise? Or is it for CLOK’s new website look.
Yesterday’s volume was less than a quarter. Ouch.
CLOK is an excuse magnet. Scam 101.
CLOK will be on American Greed one of these days. Why? Because the storyline is just like the rest of the stories on this show. Michael de la Garza may not be at the helm (actually, it's hard to tell these days) but all he did was pass the baton to Tom Wilkinson who fumbled it around and then passed it to Andrew Borene who also juggled it and dropped it before passing it back to Wilkinson who hot potatoed it over to Hnatiw and then Chasteen. Meanwhile, all other relay teams (competition) have finished the race and left the stadium. Meanwhile, CLOK is still trying to figure out which way to go and how.
"The website's gonna take time...testing's gonna take time...sales take time...the app is gonna take time...MDLG is taking us to the moon....Borene is the answer...Wilkinson knows this person and that person...Chasteen is just quiet, give him time..."
Fleetwood Mac had that song about sweet little lies - was it written about CLOK?
Is AQED licensed to CLOK, or vice versa?
Which came first, the reverse split, or the next money raise?
I think CLOK sharded AQED. Was a BIDET involved?
#my$$isallergic2CLOK
Great post...does anyone have change for a dollar?
Trying to buy shares of CLOK and having trouble finding change.
Thanks in advance!
Go CLOK! Full steam AQED (pronounced "ahead")!!
I remember when you could buy CLOK...
I remember when you could buy CLOK for a $2 bill. Now a $2 bill gets you almost 30 shares. Hell, I could buy 195,000 shares today for about $13,000!
What time does the market close??
Which comes first? Reverse or money raise?
Does CLOK BOD get a bonus when they do the next 100:1 reverse stock split?
Does CLOK BOD get a bonus for the next money raise?
How much investor $$ will be bonused out to these bozos this year?
I’ve heard that the pipeline is completely empty. Thoughts?
CLOK is amazing! An amazingly terrible investment…
It’s 2022 folks. The markets have gone way up, and way down. Cybersecurity was hot. Crypto has been hot. Most stocks have been hot. Real estate has been out of control. CLOK? Not so much.
…literally, pennies on the dollar, or should I say, $2.
#micropenis
Coming soon—CLOK needs more money!
As we approach the end of ANOTHER quarter with no material sales, CLOK investors gotta brace themselves for ANOTHER dilutive money raise.
Does CLOK go for a $10 mil money raise or is $5 mil all that can be squeezed from naive investors?
I suppose for those CLOK investors who are averaging down or harvesting losses, this is a positive.
What, no 8-k’s for anything? Bummer!
I remember the good ol’ days when CLOK cranked out fake Press Releases on the daily. It seems like everyone has given up hope, yes?
Ummm, I concur wholeheartedly with CLOKtickticktick
I have no response...that was perfect
Ok, ok, let's take a look at RSBM,LLP...
CLOK's new firm, RSBM, LLP, is based out of McLean, VA. How ironic.
RSBM, LLP was popped by the PCAOB for audit quality issues. Awesome!
I suggest that Sam Berde, RSBM, LLP partner, proof his profile before cutting and pasting: https://bio.prlog.org/SBerde/50003881-sam-berde.html
Maybe RSBM, LLP has done work with the de la Garza’s in UAE??
CPA firm Briggs/Viselka says “no mas!” to CLOK
CLOK is FUBAR
Bottom line: 2 “partners”, one has 0 customers
What’s up with CLOK? Nothing
Update? Nope
What about Milton? Mattox doesn’t work for CLOK, and there aren’t any paying Castleshield customers
What about this and that? Nothing is happening
I heard this…I heard that! Same ol’ song with no results. What else can be said except that someone lied to you.
Should I buy CLOK? Should I sell CLOK?? If you haven’t figured this out, I don’t know what to tell you.
Why does CLOK keep paying bonuses? Cuz they can!! Lol!
Another classic move by POS CLOK BOD!
Probably two people buying/selling to each other!
CLOK Year in Review - Yep, you guessed it!
- Millions of dollars wasted
- Little to no progress
- $15k in Gross Revenues
- 2 customers
- $3mil in losses
- Less than $5mil in the bank
- The CYA exec team have bonused themselves for doing nothing
- All-time lows in stock price
- All-time highs in disclosures and disclaimers of continued misguidance
- Another money raise/dilution is inevitable
- Insolvency is on the visible horizon
What else??? Oh yeah, good luck and happy holidays!!
It’s a miracle! Buy, bye$, bye$!
This end of year “bump” in price was premeditated and also predicted on this forum many months ago. Search “painting the tape” to find the post.
Now is a great time to BUY!
#BUYstocksotherthanCLOK#lol
Ok, well, 10-K was another disaster as expected!
Less than $5 mil remains
$15k in revenue…$15k!! That’s it!
“Beware, we’re doomed to fail” throughout the 10-K
We have two deals that don’t pay the rent, and that’s it!
We issued stock!
Is CLOK for real? Is Castle Shield legit?
Who else is providing a similar product/service?
Are any businesses using Castle Shield?
Where is former CEO and alleged Chairman of the Board, Michael de la Garza?? Where are the other ousted coup members?
#whoisjohngalt?
When will Milton provide the next update? SMH...
I mean, seriously, CLOK is the laughingstock of encryption companies.
Can't wait until these buffoons decide to 'bonus' themselves again.
Honestly, is this what the most recent investors expected??
Failure to comply with such rights in_the past
This press release is chock full of admissions of guilt and foul play.
Finally!
Well done guys!! Couldn't have said it any better.
CLOK
This press release may contain forward-looking statements, including information about management's view of Cipherloc's future expectations, plans and prospects, including within the safe harbor provisions under The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "believes," "hopes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act, and are subject to the safe harbor created by the Act and otherwise. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of Cipherloc, its divisions and concepts to be materially different than those expressed or implied in such statements. These risk factors include, but are not limited to, statutory preemptive rights which our shareholders are provided under Texas law, our failure to comply with such rights in the past, dilution caused by the exercise of such rights, and potential penalties or liability in connection therewith, as well as our plans to terminate such rights in the future; penalties and other amounts which may be payable for our failure to comply with the covenants in, and time periods set forth in, the March/April 2021 private offering documents; that we have incurred net losses since inception, our need for additional funding, the substantial doubt about our ability to continue as a going concern, and the terms of any future funding we raise; that COVID-19 has materially adversely affected our operations and may continue to have a material adverse impact on our operating results in the future; our dependence on current management and our ability to attract and retain qualified employees; competition for our products; our ability to develop new products, improve current products and innovate; unpredictability in our operating results; our ability to retain existing licensees and add new licensees; risks associated with data breaches, security flaws, unauthorized access to our and our customers' (if any) and the customers of our licensees' systems and products, hacking risks, risks of intentional disruption of our products or services, product failures and the effect of such failures and other events on our brand and operating results; outages in third party infrastructure on which we rely; customer defaults and delays in payment; delays in product development, our failure to predict changes in technology, and actual or perceived defects or vulnerabilities in our products; our ability to manage our growth; our ability to protect our intellectual property (IP), enforce our IP rights and defend against claims that we infringed on the IP of others; risks related to the volatile and sporadic trading of our common stock, dilution caused by future offerings, anti-dilutive rights which exist relating to our securities, over-hang, the effect of substantial sales of our common stock, the anti-dilutive rights of warrants; additional restrictions put on the sale of our common stock as a result of it being a ‘penny stock'; our compliance with various rules and regulations, penalties we may face for non-compliance, and the risk of new, more costly or more restrictive rules and regulations; our ability to maintain effective controls and procedures; restrictions on our ability to issue new securities and amounts required to be paid to our CEO upon certain sales of the Company; the Board of Directors' ability to designate blank check preferred stock without further shareholder approval; risks associated with future acquisitions and/or with our failure to grow by acquisition; risks associated with pending and/or future litigation, lawsuits, and/or regulatory claims; and other risk factors included from time to time in documents Cipherloc files with the Securities and Exchange Commission, including, but not limited to, its Form 10-Ks, Form 10-Qs and Form 8-Ks. These reports are available at www.sec.gov. Other unknown or unpredictable factors also could have material adverse effects on Cipherloc's future results. The forward-looking statements included in this press release are made only as of the date hereof. Cipherloc cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, Cipherloc undertakes no obligation to update these statements after the date of this release, except as required by law, and takes no obligation to update or correct information prepared by third parties that are not paid for by Cipherloc. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.
Umm, most CLOK shareholders can’t sell. Just sayin’!
I don’t understand people who believe click bait news. But good luck to all! Now is probably a great time to increase your CLOK position! Especially for those who don’t like $$!!
“”Tom Wilkinson made top 20 COB’s…to destroy investor hope!”
2 damn funny…
I'm sure the one_user of Typhos is overjoyed!
Cipherloc is "future-proof" because it has no future
"In every quarter, cash has been burned, burned, burned..."
"Waiting to see in next 10-K that nothing's been earned, earned, earned..."
Message in reply to 'clok-em-dead':
Castle Shield is using Cipherloc technology.
Period.
Quote…..
This is a Cipherloc Ihub forum, not a Castle Shield Ihub forum
...yet, no businesses are using Castle Shield...
we're talking about an app that people don't use. Don't you need sensitive data to protect to even have a need for encryption? LMAO!!
What a joke this has turned out to be for CLOK investors.
Message in reply to 'clok-em-dead':
Lmao……Milton Mattox most definitely has take the Technology and made it useable in applications. His company has several different applications that include Cipherloc technology making them quantum resistant.
Period.
Quote….. Milton Mattox does not work for Cipherloc, however, it is unclear if Milton and/or Castle Shield are being paid by Cipherloc to promote CLOK.
??? What Delaware agency has yet to approve???
Message in reply to 'candyldy':
Now we wait. Delaware must now approve and offically state that cipherloc is a corporation. We have all necessary forms and paperwork filed. The slow moving arm of government
Move to Delaware was for CLOK mgmt. Obviously!
Not sure how some can avoid the obvious. Greed? Ineptitude? Both??
This is a Cipherloc Ihub forum, not a Castle Shield Ihub forum
Milton Mattox does not work for Cipherloc, however, it is unclear if Milton and/or Castle Shield are being paid by Cipherloc to promote CLOK.
CLOK bid is currently 12 cents. 10 shares of CLOK can't even buy someone a good cup o' coffee!
Does anyone really believe that CLOK can make a material sale to anyone? Or are you just hoping and praying to be on the right side of a pump and dump?
You can lead a horse to water, but you can't make them drink.
Yes, many naive investors were duped, multiple times.
Will the move from Texas to Delaware help generate business? No
Did the move from Texas to Delaware cost money? Yes
Did the move from Texas to Delaware benefit shareholders? No
Did the move from Texas to Delaware help CLOK mgmt? Yes
More specifically, will the move help CLOK mgmt avoid personal liability in the event of future shareholder lawsuits? ABSOLUTELY!!