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Look at the other microcaps, on and off OTC:
HWNI
SDCH
CISO
IMCI
ATDC
HUBC
INTZ
OTC listed cyber companies aren't seeing 10x multiples on valuation.
What's the brokerage firm so we can verify your claim?
It'd be interesting if true as most large brokers aren't trading OTC stocks.
This board reveals so much. Searching past posts, Profit has been in this stock something like 4 versions of the company ago starting when it was called NSCT. And supposedly a very experienced investor, board member, yet gains all this new insight from his "friend" whose a financial wiz thats seeing something in the filings that no one else does?
Pfft, this convo is over. I really can't believe anything else you're going to say.
"I am also a large stock holder of NSCT...I have many years of experience in investing. I currently have a seat on two pension funds"
That's an insinuation again. Everything published is available. So either you are on the inside at SDCH knowing something (doubtful) or you're just making up stories for some unknown reason. The same filings are viewable and there's nothing as an individual investor or their auditors are flagging as a concern, especially on bankruptcy. There's no merit to these comments on how well this company could do or is actually currently doing.
Looking at your posts on other boards, this same type of commenting looks to be the norm. If you don't like the company, sell your shares and invest in something else.
The only opinion I had was the last sentence "I'd view a RS and uplist to a better board as a positive as it'd allow more investors to trade the stock and that would benefit everyone."
The rest were facts. Even my opinion here again is based in fact. A move to a better board would be beneficial as it allows for more access by investors. As I understand it not everyone can trade OTC stocks and low volume trading isn't good.
It would be good to hear your friends research. Otherwise it sounds like hot air. I can't find anything in the audits or filings that indicates anything like what your friend is concluding.
A RS on a company that is failing and share price is falling AND needs to maintain it's share price to stay on a board is a bad sign. But based on how SideChannel is growing, revenue generating, no debt, and close to profitability, only on the OTC now, and not in financial hardship, a RS for them doesn't seem negative. Looking at the NASDAQ and NYSE requirements, a company needs minimum $4.00 share price to be listed along with float and a few other requirements.
Watching a few other cyber companies like $CISO and $HWNI, they're in similar yet different positions. CISO is on the NASDAQ and share price is falling due to lack of revenue and mounting debt. They need to do a RS to stay on the NASDAQ or move back to OTC. HWNI is on the OTC and looking to move up to a bigger board, although they have significant debt.
So both HWNI and SDCH are looking to uplist and probably won't have a share price increase organically to the $4 price in order to uplist. I'd view a RS and uplist to a better board as a positive as it'd allow more investors to trade the stock and that would benefit everyone.
$SDCH SideChannel meets that criteria. Zero debt, no toxic issues, on OTC, revenue at $7M. They look to be profitable this quarter based on current growth and filings. Will be interesting to see if they collab with YCRM/ReachOut in time.
The need for zero trust segmentation in cybersecurity has never been more urgent. Traditional security models are no longer sufficient in defending against the evolving threat landscape. By adopting a modern cybersecurity mindset and embracing zero trust segmentation, organizations can significantly enhance their security posture, safeguard their digital assets, and stay one step ahead of cybercriminals.
New blog post
The Urgent Need for Zero Trust Segmentation in Cybersecurity
Price target $0.18 with analyst coverage by Trickle Research. https://www.trickleresearch.com/side-channel-inc/
https://www.trickleresearch.com/wp-content/uploads/2023/10/SideChannel-Initiating-Coverage-10.09.23-NWM.pdf
$SDCH ? I'm seeing a lot of similarities to SideChannel and their CEO with Rick & ReachOut. Seems they're both personalities, well intentioned and knowledgeable about cybersecurity. I wonder if there's competition here or a collaboration. SideChannel seems to have double ReachOut's revenue, over a year along in being public (after a reverse merger), and squarely a leader in cybersecurity. Will be interesting to watch.
When and how does the company info on this page get updated? The directors, IR, bios, numbers. Is that informed by the company or pulled off a website?
volume and trades are picking up. Looks like there's more interest building.
Video on Enclave zero trust product
Click Here to Learn How Enclave Features Works
They did address it on the call yesterday.
I'd expect they are using the cash to invest in sales and growth, while building back up to being profitable. What else would the cash be used for? It'd be useless to just sit in a bank account.
They just closed q2 on March 31, how could they file a 10q so quickly? What's the conference call info? There's nothing on the site about that.
I meant to ask that last part as a question. Why keep Tom on if this is a new company, what would he transition? It's more my lack of experience seeing anything about board changes, so could be normal. It's positive in my view what SideChannel is doing. Hopefully more news comes out.
it wasn't monthly and looks like it's similar to the director pay while he's a consultant through the end of the year. The 500k rsu were already awarded and now get vested. keeping him around for knowledge and transition, but not as a board member.
Mr. Wilkinson shall receive (i) three $15,000 installments to be paid on June 30, 2023, September 30, 2023, and December 31, 2023, respectively, and (ii) immediate vesting of 500,000 restricted stock units awarded to Mr. Wilkinson on July 2, 2022 which were previously scheduled to vest pro-ratably over three years from June 1, 2023 through June 1, 2025.
i saw on the 12/30/22 8k and 2/21 DEF 14A that Tom was leaving as chair and the board entirely. I get the sense theres an overtly negative view here that won't look at public data.
still not seeing the updates to this page. guess there's more accurate information elsewhere. should we not view this page as accurate going forward?
What was updated? Looks like just the common shares outstanding. Still shows Tom listed and as chair, the IR team doesn't look right.
why is this still here? who updates the board intro language? a lot looks old, like the board, shares, and investor relation people.
this is great, thank you for this response and overview! Looking forward to the growth and the next 10q.
Considering all public companies needing to do something about cybersecurity with new SEC rules, it seems a good fit for what SideChannel is doing. https://sidechannel.com/what-to-really-know-about-new-sec-cybersecurity-rules/
Looks like a zero trust software. They have a page and video on it here https://sidechannel.com/product/enclave/
Zero trust has been coming up more and more in articles, plus the US government has issued executive orders on moving their own networks to a zero trust set up. Based on the webpage, it's built on the same open source software that Slack uses. There's a few commercial players in the space but none seem to stand out or look to be as cost effective. The product page has an added pricing page now.
Interesting to see what this timeline issue would be. They look to be in a growing market, have a revenue and growth to show. Agree that a 25m plus revenue would be good and any move off the OTC is the right idea.
Prior to this merger last year it didn't look like there was any of that. Let's see how this new entity and plan works out.
This looks like the company has changed significantly over that time. I'm viewing this as a new start based on the merger last year and the latest filings.
When do we expect the 10q to be released? Is that the same time as the shareholder meeting in mid Feb?
the last few weeks, i'm wondering if this will come back to the OTC. LOL.
the lastest filing has a number of concerning statements. does this have legs or anything to look at? seems a few loans from insiders to the company to keep it afloat.
that last 10k shows
In 2022 and assumed with the Business Combination, the Company granted restricted stock units (“RSU’s”) to directors and employees with service-based vesting conditions. The restricted stock units vest over a 3 year service period. The following table summarizes the activity of our restricted stock units granted under our 2021 Equity Incentive Plan.
The weighted average grant-date fair value of awards granted during the year ended September 30, 2022 was $0.11 per share.