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I asked Matt about cash accounting. Will post his response
Haha for some reason I love your posts...I have no idea what you’re talking about but I’m a way I know exactly what you’re talking about.
Who’s sal lol
This has been answered many times. That dude Matt or whatever told me it was like a marriage....better to end it right away, rather then having a few kids first. Jason did not agree with management of that company. That was the reason
Hokie I’m new here. Can you tell me why Jason’s accounts receivable only reflect 10 days of data443 being a sub? Wouldn’t that mean they are making 1m every 10 days with a quarterly overhead of 750k?
How is that possible?
I thought Jason and team were hacks?
Blu Citi. Waiting patiently for your response. Have a sell order ready
Ferda I have a serious question because I value your business savvy and by your comments I assume you have ran multi billion dollar enterprises before....
Why would Jason lower his preferred shares? Dropping the conversion rate from 15000 to 1000 of common?
By first glance and from your opinion I would assume he is looking to give away his company to BC?
Please advise...I’m a noob here and have a small chunk of shares but I’m ready to sell on Monday because I can’t read the writing on the wall.
Can you please explain to me why he dropped his conversion rate? At face value it looks like he’s prepping for a hostile takeover.
I would assume maybe Todd, Steve or Phil advised him to do this and those guys are scrubs to say the least. No business backgrounds and barely know how big business works. I mean heavy hitters don’t run 500m dollar hedge funds, are former COO’s and have worked for multi billion dollar establishments.
So does that mean they all advised him to allow BC to take the reigns? Maybe they have a better product than us? Maybe they have advisors that worked at Taco Bell and better understand the tech industry?
I’m really new here and I really need help figuring this out.
It would be much appreciated if you can explain why he would drop his conversion rate.
I’ve been trying to call Matt but the number is unlisted and he never pics up. Doesn’t respond to email either. I found out he’s actually not on the forbes council and lives in Wyoming?
Please help!
I need your advise on my investment because I can’t find Matt!
Excuse me for being a noob here but who’s Jason? Who’s Phil? Who’s steve? Who’s Todd? Who’s mark? Who’s Rob? Who’s Tage? Who’s Sasa?
And who the bloody hell is Matt?
Ferda, I called OTC as if I was applying for uplist. I asked if my company was in good standing but did not hold above a penny every single day, could I still qualify for OTCQB. they informed me that OTC looks at my company as a whole, “it’s like getting an answer wrong on a test, but still getting a passing grade”
Pick up the phone and use it one time.
Wait....
Whose the OTC?
I know. I met him. We talk. I own shares. That’s why I post here.
Got questions? Call Matt. He usually lets you talk for an hour plus. Loves the company and loves his job. “Shell almost clean” “nasdaq on horizon” “8 months looks like 3 years” “failure would be the biggest disappointment in my career” “Jason has the tools and the management, top notch” “notes are not a mess” “Jason is speaking with institutions”
-whose Matt?
Seriously man, thanks for your contribution to this page. Your opinion should be valued more than mine, or anyone else’s. I’ve received a live, face to face demo from Jason himself. His enthusiasm was priceless and it was actually easier to understand than I expected. Jason will win, and in turn we will win.
Amazing Hokie....dead on
Soon and very soon
When you say “time” are you referring to 5 days from now? Lol
This company is doing everything right. I also like knowing that they didn’t want the extension. They said it looked sloppy. Moving forward I don’t think we will have to wait until the final possible day for releases. That will be nice cause I be gettin antsy!
OK HERES THE DEAL.
This whole situation reminds me of the American settlers in 1776. Pure bread alphas who laughed in the face of fear. We are sitting here acting like a bunch of Frenchman. We’re worried about financials that haven’t even been released and NO ONE KNOWS what’s on them. Matt doesn’t know, I don’t know, your cat doesn’t know, jesus doesn’t know, tim the tool man Taylor doesn’t even know. In other words, NO ONE KNEW if we would defeat the British but we marched through winter with no food just on the off chance we would gain independence. And we can’t wait a few days to a few months to a few years for our most definite financial independence? How weak can we possibly be to act so privileged and impatient. Nothing has changed. We still have the same alliances. Jason is George Washington and his partners and advisors are his generals. Matt is the drummer boy next to guy with the clarinet and the cleft lip. I’m obviously Mel Gibson as the patriot but that’s neither here nor there. Focus on the lead horse not the noise from the drum. So what? Your gonna retreat now? 4 sessions from the battle of Yorktown with the brits on their heels and up-list imminent? Oh you don’t know what the battle of Yorktown is? Didn’t pay attention in history class??? GOOGLE IT! I did. Lol
Here’s my point. Remember last time we were at .008? Our website looked like a MySpace page and we had half the partners. No Citrix. No cyberark. No headtech. No scrutiny. No law firm. No IR firm. No advisors. No Wordpress framework. No Araloc assets.
And here we are trading at the same market cap lol.
What does that tell you? It tells me we are winning the war. It’s only a matter of time until the MMS come to the negotiating table. Under evaluation without representation is the battle here but when the cannon smoke settles I’ll still be standing. Will you?
“Truth will ultimately prevail where there is pains to bring it to light”
-George Washington
“Any fool can criticize, condemn and complain - and most fools do.”
-Benjamin Franklin
“The boisterous sea of liberty is never without a wave.”
-Thomas Jefferson
“Be sure you put your feet in the right place, then stand firm.”
-Abraham Lincoln
#GDPRnofear
The fins are coming the fins are coming!
-Paul Revere
I suprised no one noticed that data443 was acquired in JUNE not JULY....
That whole theory about not seeing revenues because d443 was acquired in Q3 were.....
WRONGGGGGGGGGG
Next
Note in better hands and restructured
Nexttt
Small amount of shares issued to acquire two assets
Nextttttt
Fins imminent followed by uplist within a 4 week time frame
NEXTTTTT
billion dollar partners, top notch lawyers, solid IR FIRM hard at work, monster board, transparent CEO
Just stop
UPLIST this month. Early September, worst case scenario. I’ve owned shares here for months. I’ve also done kind of a lot of research here. Uplist immediately after fins. Soon and very soon!
True. I figure Matt is lying to investors when saying it’s not in their current plans. My biggest problem with you rich is you’re always pumping. Dude the company is good enough without you. Pump pump pump. All you do! Enough already man we get it this thing is going to dollars just stop pumping please
NEED SHARES BADLY BUT DONT BRING PRICE DOWN.
A lot of 200 calls coming in
REVERSALLLLLLLLLLLLLLLLL
Hey did you contact IR? What did Matt tell you?
Scroll down to page 13. Tell me what you see ??
Nothing Jason does is unimportant.
https://www.redchip.com/assets/companies/APHD/presentation/presentation.pdf
Clear as day they have filed a form 211. Funny how Matt told you they haven’t applied for uplist but wouldn’t answer me when I asked about form 211. If you watched the closing action Friday we were bogged down no matter how many buys came through in subs. We were sitting at .0092 with 5 minutes left. One buy came through at .0093 and they immediately put .01 on the ask. Nite had a million shares on it but quickly pulled it. I’ve never seen anything so blatantly obvious in my entire life. Once the audit is finished it will only be a week or two until we uplist. I called OTC markets and asked. I expect a shareholder letter answering the questions we all have on Monday. IMO. Leading into audit and uplist in August.
My Microsoft word isn't working, so I will just have to post this here.
The overall plan for the near future is this;
First they are waiting on audited financials. As Matt stated, he is not the auditor, but he "expects" the audit to be finished in the next few weeks. Audits usually take 3-6 weeks, and we are going into our 5th week. Also as mentioned previously and confirmed through Matt, they are in the second and final phase. Here's an article if youre interested in learning more about the audit process.
https://www.councilofnonprofits.org/sites/default/files/documents/YH%20-%20Audit%20Basics%20Final.pdf
Next is their plan to Up-list. As you all know, Pink sheets are comparable to junk bonds, and most investors wont touch them. They want to get the audit done so they can apply for up-listing to OTCQB. Do not be too concerned with the bid test. Matt wasn't concerned stating that the requirements are put in place to filter out the pump and dump scam companies. We have been trading over a penny for 6 months now. They will evaluate Data443 as a whole and we are very well qualified.The following is the list of qualifications and BENEFITS to being on OTCQB;
https://www.otcmarkets.com/files/OTCQB%20Fact%20Sheet%20for%20U.S.%20Companies.pdf
I started researching the OTCQB and I had the idea to act as if I was filling out an application for up-list.
On the third page of the application it asks "Within the last 30 days, FINRA has approved, or a form 211 has been submitted to FINRA for the company's securities on which the market maker has indicated its intention to enter a bid price on OTC link of at least $.01
I looked into the FORM 211 and this is what I found.
1. FINRA’s Form 211 must be completed by a market maker and filed with FINRA to initiate or resume quotations for a security on the OTC Bulletin Board, OTC Markets or any similar quotation medium. Form 211 completion indicates that the market maker has satisfied all applicable requirements of SEC Rule 15c2-11, as well as the filing and information requirements of FINRA Rule 6432.
https://www.investopedia.com/terms/f/form-211.asp
Why is this significant? Remember that picture Jason took in Jersey City on 7/24 talking about humidity dropping?
He was .05 miles or a 10 minutes walk from Knight Capitol. A market maker.
IMO he was meeting with NITE to fill out those forms. This makes sense because "within 30 days" from when he took that picture falls on August 24th, a few days after audited fins are due, completing requirements for up-list.
This leads me to believe that we will Up-list immediately after financials.
If the application and company are organized an up-listing can be granted in as little as 1-2 weeks.
I believe he has already applied.
On the application it DOES NOT require a "pdf" or a link to audited financial statement. It only has a section where you fill out the auditors information. Name, number, etc.
I believe they contact the auditor and once they release the audit the review could go through almost simultaneously.
If the market makers were approached with a FORM 211, they know there is an impending up-list. Wouldn't it make sense for them to keep this hovering right at a penny to gain as many shares as possible before that action takes place?
Maybe that's why they undercut the ask from .0106-.0102? Makes sense to me!!!
Matt also said that there is no active application for ticker change.
he said that they want to get this audit done and up-list before anything else. Once they build that foundation they will make it look pretty.
Tomorrow, Matt has a meeting with the web designer. They will be updating the investor relations page on the website with frequently asked questions.
Jason wants to address these questions.
I will be emailing Matt the following list tonight;
1) Is it in the company's current interest to undergo a reverse stock split, or grow organically?
2) What is the status on the convertible debt note / Is there currently any dilution?
3) What is SVB's role with Data443?
4) What are the terms of the ARALOC and Wordpress acquisition.
5) In the previous Financial disclosure, it was stated that there was credible evidence that 1.5 Billion shares issued to an unknown individual were retired. Have these shares been retired? Is it in the company's plans to decrease the outstanding shares through share retirement?
6) Does the company plan to pay dividends in the future?
7) Will the company have shareholders conference calls on a regular basis?
Hopefully they can answer most of these questions as thoroughly as possible.
Look out for them on the website over the next few days!
HOLY SHITTOOOOOOOOOOO
You guys recently went the rough a ticker change. Did finra change the profile on their site soon before the ticker changed? Help would be greatly appreciated
Go ldsr
Excellent business news! Lol
I’ll waste my one post to say they 100000000% bought the plugin and have acquired it. I think some people are getting confused and think we acquired codelight. Either way some may look at this and be like whatever but real investors with shares realize that this is a beautiful marketing ploy to get themselves exposed to the masses.
Just look no further than the reviews and downloads...40k plus downloads. That’s 40k plus potential customers. The reviews say “great plugin but unusable” so Jason bought it knowing that he could perfect it and make it “usable”
This basically means we are better than codelight lol. I mean read the statement from codelight. They refer to us as an industry leader!
But I’m sure they bought the plugin with dilution, not revenues from;
Citrix
Cyberark
N8
Caretower
Splunk
Microsoft
Headtechnology
Scrutiny
No way those companies are performing. I mean they are only other “industry leaders” and we’ve been working with some for over 8 months now. No way they’ve made us money.
That’s ok I’ve tripled my position on said dilution lmao
Can we all just take a second to thank Jason for his brilliance? People don’t realize what it takes to run an emerging software company let alone one that partners with billion dollar big boys seemingly weekly. They have 4 core players, doing the work of a small army. The guy doesn’t sleep.
“Not the best road-path but we’re working it. The team is so dedicated, and it’s going to be an amazing story.”
Bad job
Ok so I just did some research and I believe we will see true financials this quarter. Let me explain why:
41 days ago, Data443 Posted a PR about entering the “second phase” of audit with PCAOB audit firm, Thayer O’Neal.
The following are some excerpts from that PR;
“We initiated the two-year audit process earlier in 2018 and have now begun the process of the secondary audit component due to the ClassiDocs acquisition announced in February 2018 - we are working diligently to complete this as soon as possible,” said Jason Remillard, CEO and founder of Data443 Risk Mitigation, Inc. “The audit is important to support our efforts in an eventual market up listing, as well as to help facilitate our ongoing data and cyber security product acquisition strategy”.
This is a loaded paragraph. “Have begun the process of the secondary audit component due to the Classidocs acquisition announced in February 2018 - we are working diligently to complete this as soon as possible.”
I’m not so sure he would be working diligently to audit a 0. I also think if that were the case it would have already been posted because there wouldn’t be much to audit. Also take into account the verbiage “second phase,” after a few minutes of research this is what I found about what the second phase is;
“A financial audit is typically conducted in two phases; first, the organization’s internal controls are tested. The results of those tests determine the amount of test work that will need to be completed to verify the financial balances are accurate. This is considered “risk based auditing”. In essence, having a strong set of internal controls reduces the risk that fraudulent or inaccurate transactions may occur, thus the auditor can place some reliance on those controls and reduce the amount of financial testing that must be conducted.”
“The second phase of the audit process involves testing the financial balances presented. Auditors review supporting documentation, perform analytical procedures and confirm specific balances to gain assurance that the amounts being reported are appropriate. As discrepancies are identified, the auditors will discuss these with the organization’s accounting team and potentially propose adjusting journal entries to correct said variances.”
Unless Jason is lying they are in second and final phase that INVOLVES THE ACQUISITION OF CLASSIDOCS. Remember classidocs is the asset (money maker) and Data443 is the subsidiary. In my opinion it doesn’t matter when Data443 was acquired, it matters when Classidocs was acquired. They took control of Classidocs back in February. Data443 is simply the entity they are filing it under.
CHANGE MY MIND
He will brojazzy, I completely understand your concern. Well at least the appearance of your concern haha....read my 6th article and please explain how you think I could be wrong
Citrix has 4,000,000 end users for sharefile...your math is a little off haha...let’s say we got 10%....go on their site and see what they charge. 16$ for first 5 users and 8$ per head after that. Let’s say our integration is only 2$ a head...that’s 800k a month recurring with room to grow. That’s 9.6mm annually and that’s a low ball estimate. Oh and that’s from one partner. Now add on N8 revs when they become another subsidiary. Lol this is the numbers a solid tech company produces and we were ranked number 1 per black book research. Over ibm and Microsoft. Soooooo yeah
R
S
D
L
I’m backkkkkkkkkkkkkkk
I see no one wants to debate me on why this stock is the worst stock on otc. Gl
Lol ok have you seen the “ikal winery” video on YouTube haha it’s so easy to call out this ticker I bet my life no one on this board can even begin to argue with me on this. I will expose it as it is so I wouldn’t even dare try to respond to me