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Eric Marquez, CFO, one of the good guys!
Yep, that's right. I forgot to mention Eric Marquez. He called de la Garza's bullshit many times and Mikey got his big boy panties in a wad and got his feelings hurt because Marquez told him that he was full of crap. And then James Sullivan did the same thing!! And then Tom Wilkinson called his bs...and, oh, the Feds were notified.
Where are they now?
Marquez - successful
Sullivan - successful
Wilkinson - successful
de la Garza - unsuccessful, and headed to a federal penitentiary
========
SleuthHound Friday, 01/24/20 03:23:07 PM
Re: TronCarter post# 21178
Post # 21179 of 21182
Milton Mattox and Ron Koby have been there for over a year. They absolutely were involved directly with anything MDLG did.
You forgot to add Eric Marquez the old "CFO" (if you could even call him that) to that list. He was paid to be a CFO and he couldn't even pass the test to be a CPA...
There's a laundry list of items MDLG violated...
de la Garza failed to file many SEC required filings (pertaining to MDLG's actions), and did things that show a consistent pattern of criminal behavior.
Everything about de la Garza's CLOK ownership is under question.
Mattox and Koby were not associated or complicit with MDLG's behavior or actions. They were only employed and/or hired by MDLG. Like many other professionals who have worked for CLOK in the past, they have professional integrity. MDLG did not. Many others (Gangi, A. Carlson, Packes, Daly, Kale, other de la Garza's) operated with little to no professional integrity. They were part of the problem.
Message in reply to SleuthHound:
Did anyone see a Statement of Change in Benefitial Ownership?
No, then it couldn't have been MDLG.
But you're ok with giving shares and high salaries to people like Milton Mattox and Ron Koby, who were also associated with MDLG and have yet to deliver anything after over a year?
MDLG is likely dumping stock illegally.
Michael de la Garza improperly gave away so much stock and cash to himself and other "contractors" who were supposed to make deals happen.
No "sales" were made and many people walked off with stock and cash that they didn't deserve. Now, many of these brokedic*s are cashing out of their shares. Who? de la Garza, Gangi, Kale, Daly, Packes, to name a few...
SleuthHound Thursday, 01/23/20 03:02:42 PM
Re: Intel22 post# 21165
Post # 21166 of 21174
Looking at the stock price it seems like some people didn't feel too confident in what was said.
TronCarter Responses to SleuthHound CLOK shareholder call questions:
Message in reply to SleuthHound:
Questions submitted for shareholder call:
What is the status of the audit to investigate the allegations of the old management? I'M SURE THAT THEY HAVE ENOUGH FACTUAL INFORMATION FROM THE FORENSIC AUDIT AND SWORN DEPOSITIONS TO HAVE MDLG CONVICTED ON MULTIPLE COUNTS OF FRAUD
What is the status of the large engagements including Datapath and Mantech? I DON'T THINK MANTECH WAS EVER AN 'ENGAGEMENT'. DATAPATH MAY BE ON HOLD.
In the financial report it states there are 11 full time employees, how many are engineers. Are there any contractors or other third parties employed? 1/2 OR LESS ARE ENGINEERS. I'M SURE THERE ARE CONTRACTORS OR OTHER THIRD PARTIES.
During the layoffs why we're Ron Koby and Milton Mattox not part of it as they have yet to make a positive contribution to the company? As well as their association with old management. BECAUSE KOBY AND MATTOX ARE HONEST PEOPLE WHO ADD VALUE TO CLOK. MDLG PREVENTED THE COMPANY FROM MOVING TOWARDS LEGITIMATE SALES, AND ALSO ALLOWED CARLSON TO PLAY IN HIS SANDBOX ALL DAY AND ADD LITERALLY NO VALUE TO THE COMPANY.
Is there any development or work of any kind being done outside of the USA for the company? I REALLY DOUBT THAT THERE HAS EVER BEEN ANY DEV OR OTHER WORK BEING DONE OUTSIDE OF THE USA.
Do I think that any of these questions get addressed? Probably not, but hopefully I'm surprised! HAPPY NEW YEAR, EVERYONE!
MDLG’s shares must be returned/rescinded. However...
A reduction in the shares outstanding does not mean that the demand for CLOK stock will increase. It also doesn’t mean that the value of CLOK changes. And it has no effect on EPS, income, net income, or stock price.
But those shares need to be recovered from MDLG.
Agreed. Best news for CLOK shareholders.
Yes, Carlson is a delusional egomaniac! No doubt.
1. He has not solely done all of the patents, but many are worthless
2. I've read them (I'm sure Nietzsche has as well)
3. I've read the patents
4. A patent on polymorphic encryption (on hardware)
5. Nope
Intel22 Wednesday, 11/20/19 08:23:00 PM
Re: Nietzsche post# 20843
Post # 20844
Quote:
“If anything, Carlson is a giant anchor on true progress and innovation at the company. “
“Nearly all the patents are worthless.Taken from the imagination of a delusional egomaniac with no idea how to turn anything into an actual revenue producing product “
You are saying that Dr Carlson is delusional egomaniac with no idea
Questions:
1. Dr Carlson has done all the patents does that make them all worthless?
2. How do you know that any of the patents are worthless?
3. If the patents are all worthless why is the new management team still building on those patents?
4. If the patents are worthless what are we investing in?
5. Or could You be saying this because you do not like Dr Carlson personally?
CLOK Facts, Current Status, Current State of Affairs
CLOK has created an SDK with its patented technology. That's it.
It is my understanding that SoundFi is the only current customer.
CLOK has shown demos in the past, however, I understand those demos to be private marketing demos, not functional, stand-alone products. Much of what is shown on CLOK's website is vaporware, ie, it supposedly can exist, in theory, but doesn't.
The sales pipeline must be validated (as stated by another poster), and there are a couple of big deals in the pipeline, but they have a very long sales cycle (1-2 years).
CLOK management is likely spending time addressing problems stemming from the previous CEO, Michael de la Garza.
MDLG signed agreements without Board consent, paid personal and non-business expenses without Board approval and in complete disregard of his fiduciary duty, and ran the company and company accounts as if they were his own. CLOK management must spend time to "clean up" de la Garza's mess.
MDLG issued himself shares without Board approval.
MDLG gave himself money without Board approval and in violation of his fiduciary duty.
Albert Carlson was also in violation of his fiduciary duty by allowing MDLG to run the company the way he did.
Albert Carlson and his son need to go. They do not add any value to CLOK.
Ron Coby seems to be a legitimate salesperson who now has the support from Milton Mattox and CLOK management to make meaningful sales. Mr. Coby did not have this support during MDLG's tenure.
Milton Mattox seems to have the professional background to bring value to CLOK.
Tom Wilkinson did a great job to take over as Interim CEO and address the high priority items (MDLG issues, 10-Q filing, auditor issues). He took a reasonable salary as Interim CEO and accepted an opportunity that had probably been in the works for quite some time.
Gino Mauriello has and had close ties to MDLG and needs to be cut from CLOK, in my opinion.
It is my understanding that the DC "team" has been dismantled.
CLOK needs some solid, experienced engineers to take the reigns and be able to support current sales efforts. Without that, I do not see how CLOK can make a big sale.
It is my understanding that most of the "fat" has been cut from CLOK.
CLOK's operational burn rate has gone down significantly.
Time to rebuild. Let me try to educate.
CLOK needs to hire qualified and experienced engineers.
CLOK needs to hire qualified and experienced sales people/consultants.
Not sure about Gino’s future, but it’s not relevant to CLOK’s success.
MDLG hired Milton. I’ve heard that Milton is a smart guy. CLOK has hired many smart people and watched them resign because of MDLG. Now that MDLG is gone, people like Milton and Ron are finally able to work as professionals without the distractions of MDLG.
I know that CLOK is headed in the right direction because they finally got rid of Michael de la Garza, Carl Ranno, Joseph “Joe” Gangi, Michael Packes, Jimmy Packes, the other hoodlums in the video showing MDLG and accomplices taking company property from the Arizona office.
Quoted text:
So as a tech company with no sales we shouldn't hire any sales people/consultants or engineers?!
Do things like products or revenue just appear like magic?
And if Gino was so bad, why is he still there? He is the CFO and didn't sign the 10-Q, is Tom not letting him do his job and we are just paying him?
You want to talk about leeches let's talk about Milton Mattox, he is the only one left since the beginning of the money and still there. He allowed everything to happen. He also hasn't done anything in the way of sales or noticeable contributions for the company.
How can you be so sure that CLOK is headed anywhere, we just had our supposedly "savior" jump ship to join another company. He has the inside scoop and left, think that says a lot...
MDLG made bad decisions for CLOK shareholders
Ageos was dumb and really bad for CLOK
Noun Energy was really bad
HCS/Roberta Kale was really bad
Hiring Gino was not good
Hiring Michael Packes and his inexperienced computer buddies was stupid
Paying Jimmy Packes as a Consultant was ridiculously stupid
Getting rid of MDLG, Carl Ranno, and all of the other leeches on the payroll? Great decision!!
Be patient. CLOK is headed in the right direction. That’s all that matters at this time.
Tom’s a CPA and qualified Principal Accounting Officer.
Gino has never signed a 10-Q or 10-K for CLOK.
Tom is actually more qualified to sign off on the 10-Q than Gino.
My guess is that Gino is not acting as the CFO (and he never has).
#movingforward
CLOK is recovering from MDLG, a corrupt CEO
A Few Relevant Facts:
Michael de la Garza took millions of dollars in cash, and millions of preferred and common shares of CLOK stock (Source: SEC filings)
CLOK had 1 "material" sale in 2014 to GAWK, Inc, who claimed they never received working software. (Source: SEC filings)
Michael de la Garza paid his wife, his daughters, his mechanic, his brothers, his brother's company in the UAE, and more money to pay for his personal expenses that were way beyond egregious. (Source: court documents, depositions, affidavits, other testimony provided under oath)
Tom Wilkinson is a proven professional with a track record for success. (Source: public documents supporting his professional credentials and successes)
It will take some time for CLOK to move forward as a "real company" that is up-to-date with its SEC filings and be able to provide more timely company updates. How long? I would guess that everything should be caught up by March 2020.
Not true. Stock$ usually goes up after posts.
Recent 3rd Court of Appeals activity is good news to CLOK shareholders, MDLG-haters and TronCarter. TronCarter can't control people's emotional reaction to TronCarter's posts.
Many have claimed TronCarter's CLOK posts are negative, even though they are factual. Many have claimed TronCarter's CLOK posts are bad for CLOK, even though the "actions" that have been referred to in TronCarter's posts (almost all actions by MDLG) are what is ACTUALLY bad for CLOK.
Many have claimed that TronCarter's posts put downward pressure on CLOK stock price, even though CLOK stock price has gone up more than 80% of the time.
It is great that MDLG, Carl Ranno, Jimmy Packes & cronies, Joseph "Joe" Gangi, and the rest of the crooks that MDLG gathered are no longer involved with CLOK. Those guys were bad news. And to those who defended or applauded their involvement with CLOK in the past, shame on them (you) for criticizing posts that unveiled the truth.
Be patient and give Tom and company time to rid itself of MDLG's dirty laundry and actions and create a real company. It may not happen for awhile, so I suggest being patient, reading some long books, and quit attacking posters for posting RELEVANT CLOK NEWS. IF RELEVANT CLOK NEWS IS TOO HARD TO HANDLE, THEN DON'T FOLLOW THIS FORUM.
#somepeoplejustcan'thandlethetruth
What's happening with CLOK? Here's what's happening:
MDLG sh** show cleanup continues:
http://www.search.txcourts.gov/SearchMedia.aspx?MediaVersionID=6becdf0d-8729-4f14-9c78-8f355f5cccea&coa=coa03&DT=Other&MediaID=ff26ee4d-b864-4e6e-96d3-3713de0f9ceb
http://www.search.txcourts.gov/Case.aspx?cn=03-19-00188-CV&coa=coa03
Lesson learned: It takes a while to trap a slippery fat pig (de la Garza) covered in his own feces when they're encouraged to run free thru their muddy, filthy pig sty
There's only one-way for CLOK. Away from criminals.
Is there really any question on what will happen in court next week?
Does anyone really believe that MDLG shouldn't be stripped of everything he took from CLOK and be charged with multiple counts of felony fraud charges?
Does anyone not see that Albert Carlson was complicit and culpable in aiding Michael de la Garza in many of his efforts and attempts to steal from shareholders and employees?
Reality check: A lot of people relied on information provided by Michael de la Garza and Albert Carlson. A lot of people invested millions of dollars into CLOK. A lot of people were told dozens upon dozens of lies by de la Garza and Carlson.
The main positive is that there is now a core group of seasoned professionals with verifiable business successes, work experience and high integrity. There is still money in the bank. The courts have intervened to prevent Michael de la Garza and his entourage from stealing more money from CLOK.
Product? I hope that there is still something to sell, but I worry that de la Garza and Carlson have "leaked" the bit of product that exists. Carlson did not develop the technology; he participated in the development of the technology...supposedly.
#momentofclarityneeded
Quoted text:
So disappointed. Mid September and I thought I'd be here with anticipation of a contract and pending revenue. Instead I'm sitting here wondering who will win the court battle next week and what possible direction this mess of a company will be going.
Only positive here is the product and the guy that developed it are both still around.
Good morning Oz wherever you are
What now? MDLG_et_al_removal, rebuild ethical, profitable publicly-traded company.
There is still a lot of discovery and cleanup to do. It will take more research and effort to be sure that Michael de la Garza has not tried to sabotage the company with poison pills. de la Garza is the type of person that will run back into a burning building, step over and around people in need just to grab the remaining petty cash. And he'll take his cronies with him and abandon them too. de la Garza is a bad person.
I believe that CLOK shareholders need to be patient and wait for the slate to be cleaned. Most if not all of the "promoted deals" are not happening. What was touted as a step in the right direction was all smoke and mirrors.
I have faith that Wilkinson has the experience to find the path to success. I believe that Wilkinson will assemble the right team to a) deal with necessary cleanup and remaining problems b) create sales with reputable companies c) work for CLOK shareholders in the most ethical way possible and work towards building a real company that will generate value for shareholders.
Patience is key, and the real sense of urgency for CLOK Board and Management is thorough cleanup (getting rid of de la Garza and all of his bad deals as well as cleaning up the financials), create and follow company core values, and create a publicly traded company that can withstand a high-level of scrutiny from regulators.
People wants facts, but ignore $0 sales_and_CASH BURN!
Some CLOK shareholders want to see de la Garza's smoking gun, well look at the financials! Isn't that gun smoking enough??
$0 revenue...hell, that takes a lot of effort to NOT MAKE A SALE!
Is that not a smoking fact??
How about the stock and money that de la Garza has taken from CLOK shareholders. It's definitely not tied to performance, and is definitely WAYYYYY BEYOND EGREGIOUS. How can de la Garza taking MILLIONS of DOLLARS worth of cash and stock from CLOK be ignored?
Declining bank balance. AWFUL! $2 PPM raised, what $5-6 million. De la Garza took the majority and then pissed away the rest. $1 PPM raised $18+ million, and I would guess that $9-10 million remains. Are you freaking serious?!?! That's a smoking gun to me??
And then shipping money all over the world, for all kinds of BS reasons, not in the best interest of CLOK or shareholders. I mean, come on, this alone is enough to throw LARDO DE LA GARZA in prison for a long time.
If that's not enough, any CLOK investor can start digging through disclosures, sworn testimony, NSCT/CLOUd-MD/CLOK promo videos and explain why CLOK has $0 sales.
I'm all ears.
Mornin’! I’m curious if MDLG will....
A) lie under oath
B) provide more damning testimony (like in the LeBlanc case) to use against him
C) flee the country
D) be shackled up today for being in contempt because he’s such a moron
#thewaitingisthehardestpart
MDLG has taken millions of CLOK$$’s. Not hyperbole!
MDLG and Ranno have committed multiple acts of fraud. Not hyperbole!
MDLG put his family on the payroll. Not hyperbole!
MDLG and Ranno acted together and wired money to UAE, then didn’t disclose this info!!
MDLG and Carlson intentionally deceived investors!!
MDLG should go to prison!
Carlson is a liability to CLOK!
MDLG has lied to shareholders, employees, SEC, and audit firms!!
MDLG admitted to fraud in his sworn testimony provided in the LeBlanc hearing!!
Read the 10-K’s, 10-Q’s, sworn testimony, study the financials...it’s all there.
#insertkermitdrinkingteamemehere
CLOK stock_price has held up with $0 sales
Some claim that posters are posting negative CLOK news and "FAKE NEWS" to deceive iHub forum followers who are shareholders into cashing out to drive the price down. The stock price seems to be doing pretty well, all things considered. I mean, with $0 revenues, should CLOK be trading at $100 share? Why? Because they heard that SoundFi is using it to encrypt "The Circle of Life" song in a movie?
Inthezone Tuesday, 08/27/19 01:22:26 PM
Re: Nietzsche post# 20174
Post # 20183 of 20214
Document your accusations. Otherwise it’s just noise. Lots of noise going on around here, but the real criminal element will be exposed. Rest assured.
Want documentation? There's too much for this forum.
Michael de la Garza has committed many MANY acts of corruption and fraud. Attorneys are still sorting through everything. For many of us, it's been obvious that de la Garza has been dirty for a long time. Carl Ranno has been dirty for a long time. Gino Mauriello has known about all of this for a long time. And now we are learning that Al Carlson has participated in this corruption FOR A LONG TIME. Carlson has participated as a master of ENCRYPTION CORRUPTION. Lots of talk, lots of smoke, but no finished product. But that's not all. By participating on the Board and supporting de la Garza's decisions, he is also culpable.
Look at the links to these incriminating files...they're very easy to download. Finding the truth about CLOK, de la Garza, Ranno, Mauriello and Carlson has taken a lot of time, energy and money. Seeing the truth is tough; so tough, that some may not be willing to download Hufnagel's or Sullivan's sworn testimony. Accepting the truth is also tough. Again, each shareholder can interpret sworn testimony, opinions and SEC disclosures however they want and choose to stay long, cash out, or short CLOK. Many of us want the truth, and we also want CLOK to have the best chance of success.
These guys gotta go. They had the keys to the castle for too long. They can't be trusted. None of them have a desire to make a real company, and Carlson hasn't done jack squat since he started with CLOK. Carlson has chronic diarrhea of the mouth, talks in circles, never completes anything with a profit motive, and loves to talk in vague terms to try and sound like he is working. Carlson doesn't know what it means to work.
I know the truth. I don't know what is going to happen this week, but I know who committed crimes and I know who is culpable.
Carlson is complicit in MDLG plan to deceive.
In the last shareholder conference call, Michael de la Garza had Dr. Albert Carlson on the call to participate in the deception to shareholders. de la Garza wanted Carlson to provide a Tier 1 update. He wanted Carlson to provide support to his claims of the infamous "90-day" claim for contracts and revenue. de la Garza has used Carlson to raise money and prevent shareholders from selling their shares and losing faith in de la Garza and CLOK. It seems that many shareholders have lost faith in Carlson and CLOK.
Bottom line is this: it is obvious that Carlson is complicit in the CLOK criminal enterprise.
MedPay USA is likely PayMed USA, LLC assumed_name
Using https://mycpa.cpa.state.tx.us/coa/ Texas taxable entity search:
As of : 08/23/2019 13:36:34
This page is valid for most business transactions but is not sufficient for filings with the Secretary of State
Obtain a certification for filings with the Secretary of State.
PAYMED USA, LLC
Texas Taxpayer Number 32011576744
Mailing Address 504 VIA PALERMO DR HENDERSON, NV 89011-0826
Right to Transact Business in Texas FRANCHISE TAX ENDED
State of Formation NV
Effective SOS Registration Date 06/05/2003
Texas SOS File Number 0800212813
Registered Agent Name ROBIN DELAGARZA
Registered Office Street Address: 11409 RIDGE DR. AUSTIN, TX 78748
Old addresses for the de la Garza's shown above.
It's interesting that Michael de la Garza suggested that he rolled his companies into CLOK, and CLOK settled one of his companies promissory notes to Leblanc with CLOK S-8 registered common stock, which Leblanc sold and then transferred the proceeds into a bank account that de la Garza had full control over, and then de la Garza took most of the money, and then paid CLOK expenses and also cut a check to MEDPAY USA, a likely assumed name tied to PAYMED USA, LLC.
Damn! I think de la Garza just got promoted to World's Dumbest Criminals!! Lol
MDLG and Ranno were very bad! Important Post!!
So, Carl Ranno signed off on Michael de la Garza's plan to deceive the SEC and CLOK, fka Cloud Medical Doctor Software Corporation, shareholders by issuing 25,000,000 S-8 registered shares to Robert Leblanc, then convincing him to sign power of attorney documents to enable Michael de la Garza to direct ALL PROCEEDS of these 25,000,000 shares!! Here's the link to the S-8 registration and scroll down for Carl Ranno's signed letter to the SEC and a copy of Leblanc's consulting agreement SHOWING THAT HE IS BEING PAID 25,000,000 S-8 REGISTERED SHARES FOR HIS CONSULTING SERVICES. https://www.otcmarkets.com/filing/html?id=10026812&guid=sJIIU679ctaPqth
4. PLACE WHERE CONSULTING SERVICES WILL BE PERFORMED.
The Consultant will perform most Consulting Services in accordance with this Agreement at such place(s) as necessary to perform these Consulting Services in accordance with this Agreement.
As compensation for the Consulting Services, and subject to the terms and conditions of this Agreement, Company will, upon entering into this Agreement, authorize the issuance and delivery of 25,000,000 shares of the Company's common stock (the "Compensation Shares") to Robert LeBlanc, an individual designated by Consultant to perform the Consulting Services. As soon as reasonably practicable after the full execution of this Agreement, Company agrees to file one or more Registration Statements on Form S-8 with the SEC registering the Compensation Shares to permit the public sale by the Consultant, and will use its reasonable best efforts to maintain the effectiveness of this Registration Statement for so long as an effective Registration Statement is required for the public sale by the Consultant of the Compensation Shares.
Sources suggest that total proceeds from stock sale was just shy of $600,000! Who benefited from the proceeds besides Michael de la Garza? Great question! Here's a partial list:
MedPay USA, ??? Who owns MedPay USA???
David B. Davis, landlord of de la Garza's auto shop in Henderson, NV, where de la Garza kept his cars and had his mechanic work on them
David de la Garza, Michael's brother
Albert Carlson
Brad Mitchell, Michael's mechanic
Josh Hendricks, Michael's paint and body work guy
Olivia Young, Michael's daughter?
Wayne de la Garza, Michael's brother
Carl Ranno, Company attorney!
Laura Duckworth, former company employee
Cipherloc Corporation!
Yvette de la Garza, Michael's daughter?
And final payment, to close out the bank account, went to who other than past CEO, Michael de la Garza for $87,321.92 on check 220 dated 8/4/15.
June 2, 2014
Securities and Exchange Commission
450 Fifth Street, N.W.
Judiciary Plaza
Washington, DC 20549
Re: Cloud Medical Doctor Software Corporation
Ladies and Gentlemen:
This office represents Cloud Medical Doctor Software Corporation, a Nevada corporation (the "Registrant") in connection with the Registrant's Registration Statement on Form S-8 under the Securities Act of 1933 (the "Registration Statement"), which relates to the registration of a total of 25,000,000 shares of the Registrant's common stock issuable under the Registrant's Consulting Agreement, dated
January 14, 2014 (the "Registered Securities"). In connection with our
representation, we have examined such documents and undertaken such further inquiry as we consider necessary for rendering the opinion hereinafter set forth.
Based upon the foregoing, it is our opinion that the Registered Securities, when sold as set forth in the Registration Statement, will be legally issued, fully paid and nonassessable.
We acknowledge that we are referred to under the heading "Legal Matters" in the Prospectus which is a part of the Registrant's Form S-8 Registration Statement relating to the Registered Securities, and we hereby consent to such use of our name in such Registration Statement and to the filing of this opinion as Exhibit 5 to the Registration Statement and with such state regulatory agencies in such states as may require such filing in connection with the registration of the Registered Securities for offer and sale in such states.
/s/ Carl P. Ranno
Carl P. Ranno
Brad Mitchell is Michael de la Garza's grandson?
I hadn't heard that theory.
The S-8 shares were disclosed here (https://www.otcmarkets.com/filing/html?id=10026812&guid=sJIIU679ctaPqth) and mentioned in financials (below), but not accurately. Since de la Garza has now provided sworn testimony stating that the S-8 shares were issued to Leblanc to settle a promissory note that he and one (or more) of his businesses owed to Leblanc, the 9/30/14 10-K is wrong and de la Garza has committed another felony fraud act associated with this filing by misleading shareholders and regulators.
From page 19 of 9/30/14 10-K (some words abbreviated):
Stock Issued for Services
During the year ended September 30, 2014, the Company issued 68,242,506 shares of common stock as compensation. The fair values of the shares were a total of $1,625,118 and were recorded at the market price on the date of grant. The issuances of stock were as follows:
Date # Shares Fair Value Description of Services
March 5, 2014 31,750,000 $666,750 Comp to officers
April 3, 2014 5,000 $116 Comp for legal services
April 21, 2014 1,392,506 $34,227 Comp for CLOK consultants
April 22, 2014 7,000,000 $138,600 Mktg agreement with Hemp, Inc.
May 3, 2014 5,000 $115 Compensation for legal services
May 5, 2014 50,000 $1,150 Comp for marketing services
May 6, 2014 25,000,000 $605,000 Comp to a sales consultant * S-8 valued shares at $500,000 *
June 3, 2014 5,000 $111 Compensation for legal services
July 7, 2014 35,000 $1,750 Comp for CipherLoc consultants
September 3, 20143,000,000 $177,300 Comp for marketing services
Total 68,242,506 $1,625,119
9/30/14 10-K is here: https://www.otcmarkets.com/filing/html?id=10392056&guid=LgIIU6_tBe24Fth
60% shareholder approval via proxy vote? Agreed....
So long as de la Garza’s shares are rescinded.
Tax evasion by Michael de la Garza explained
So if de la Garza "rolled his company(s)" into CLOK, fka CLOUD-MD, fka NSCT, with a $500k promissory note owed to Leblanc, then de la Garza would have to recognize this note when he allegedly sold PayMed or Absolute Medical to CLOK, or, when CLOK settled this note with Leblanc.
I believe that not only did de la Garza NOT disclose any of these transactions to the SEC or to the CLOK sharesholders, de la Garza also did not and has not disclosed this taxable event to the IRS.
Gino Mauriello, CPA, CLOK CFO, would probably be the best person to opine on this topic. Gosh, I hope de la Garza informed Mauriello of this taxable event and Mauriello didn't ignore IRS penalties of perjury.
MDLG still owes Leblanc. Stole from NSCT/CLOUD/CLOK!
Michael de la Garza owned PayMed with his wife, Robin de la Garza. They likely recognized this business on their individual tax return on a Schedule C. Was there ever a disclosure regarding a sale of PayMed to Cipherloc (CLOK), kinda sorta formerly known and Cloud Medical Doctor Software Corp(CLOUD-MD), formerly known as National Scientific Corporation (NSCT)?
What happened? Why? When?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=107921663
Opinion:
de la Garza rolled his companies with debts and lawsuits (pending and active) into NSCT/CLOK to avoid being personally liable by using the Company to pay off his bad debts and wrongdoings. The Leblanc case, the Krooss case, Illercil case and Lisa Byrd case are all examples. With the doctors (Krooss, Illercil, Byrd) de la Garza sold software licenses that he couldn't fulfill, and then "took care" of his shortcomings by reissuing shares of CLOK to the various doctor who got duped.
Disbelief? Disillusioned? Disappointed? Yeah, MDLG is a letdown.
- Michael de la Garza and Carl Ranno used Robert Leblanc to issue 25 million shares of S-8 stock and had Leblanc, even though de la Garza knowingly knew that Leblanc had back taxes owed to the IRS, and made him sell the stock and give de la Garza full access to all of the money that Leblanc transferred to the bank account. de la Garza admits that he received proceeds from this S-8 stock sale. He can't remember the exact amount in his sworn testimony provided here https://www.filedropper.com/leblanctrialexcerpt, but credible sources suggest it was over $400k of the $500k total proceeds.
- de la Garza and Ranno did not disclose that de la Garza benefited from this stock sale
- de la Garza and Ranno did not disclose the PayMed "promissory note" due to Leblanc in the financials
- de la Garza and Ranno did not disclose the extinguishment of this debt in the financials
- de la Garza and Ranno took a $500k expense for the issuance of the 25 million shares of S-8 stock to Leblanc
Anyone but MDLG. He has wasted time and money.
Michael de la Garza is a proven liability to Cipherloc. At best, he ruins deals. He is a proven liar. A storyteller. A thief.
I'm shocked that anyone can make the statement that they don't believe that MDLG has done anything wrong. Please read Michael de la Garza's testimony in the Leblanc case.
The only chance for success is with Tom. MDLG has shown again and again that he only cares about himself, and is willing to poop on all CLOK shareholders if he doesn't get his way.
Posted by: CLOKtickticktick Wednesday, 08/21/19 08:58:14 PM
Re: omtrader post# 20091
Post # 20103 of 20105
The question I find myself asking myself tonight, is which side do we want to win? Which is better for the shareholders? I still don't necessarily believe MDLG has done anything wrong, but is he good at being CEO of Cipherloc? Are we better off with a bunch of opportunistic sharks that are trying a power grab?
Has MDLG really instilled all that much in the way of confidence? He had me expecting some sort of delivery of product years ago, and here I am still waiting... And now with this circus show, how are things going to get on track???
I don't really care who is running the company, I just want to see it finally get off the ground!!!
CLOK paid million$ lawsuit related to Kroosses
THE COMPANY FILED SUIT, PAID OUT MILLIONS IN STOCK, AND RECEIVED $0 IN FROM "DEFENDANTS".
From 9/30/14 10-K:
ITEM 3. LEGAL PROCEEDINGS
We are currently not involved in any litigation that we believe could have a material adverse effect on our financial condition or results of operations.
On July 5, 2013, the Company filed a complaint against Krooss Medical Management Systems, LLC, William F. Krooss and Marie W. Krooss ( the “Defendants”) in the United States District Court, District of Nevada Case No. 2013-CV-01187-ABG-VCF for the collection of approximately $200,000 of unpaid medical billing fees that were seriously delinquent.
After many attempts by the Company to begin collections, the Defendants refused to pay the outstanding balances, however they expected the Company to continue to bill for them. The Complaint includes causes of action for Breach of the Permanent Asset Transfer and Purchase Agreement (“PTAPA”), Breach of Billing and Collections Contracts, Negligence, Breach of the Duty of Good Faith and Fair Dealing, Tortious Interference with Business Relations, Fraud, and other causes of action.
On August 13, 2013, Krooss Medical Management Systems et al filed a Complaint in Chancery Court of Rankin County, Mississippi Case No. 13-1372 as a strategy to keep the collection matter in Mississippi Chancery Court.
On September 22, 2013 Case No. 13-1372 was remanded to Chancery Court of Ranking County, Mississippi Case No. 3:13CV507-HTW-LRA.
On June 23, 2014, Orhan Ilercil, MD, Mississippi Brain and Spine PLLC filed a Complaint in County Court of Rankin County Mississippi. This matter is a collection matter where as Dr. Ilercil owes the Company over $30,000 in unpaid billing fees. The Plaintiff claims there is a defect in the billing software.
This litigation is a collection matter of unpaid fees by the Defendants and the Company denies the allegations (Breach of the PTAPA, Rescission of the PTAPA, Breach of Billing and Collections Contracts, Negligence, Quantum Meruit, Restitution, and Estoppel, Breach of the Duty of Good Faith and Fair Dealing, Tortious Interference with Business Relations, and other causes of action) filed in Mississippi Chancery Court related to this collection matter. The Company does not expect the cost to litigate this matter to adversely affect the Company’s operations. However, the Company has discontinued operations in DNA-Cloud in Mississippi as the Company believes the Defendants have interfered with the billing contracts purchased which is one of the causes of action in the Complaint, among others. The Company believes many of the contracts have been terminated due to the interference by the Defendants, and DNA-Cloud has not been able to expand the business because of the reputation of the Defendants in Jackson, Mississippi and the surrounding area.
Cipherloc - The Theranos of Data Encryption
I can’t wait to see the full story of Cipherloc which will look something like this:
https://www.google.com/amp/s/www.thecut.com/amp/2019/03/the-most-bizarre-moments-from-the-theranos-documentary.html
The HBO documentary The Inventor: Out for Blood in Silicon Valley, about disgraced blood testing entrepreneur Elizabeth Holmes is finally here. The doc, which aired on Monday, is the latest effort to chronicle the Theranos founder, who was indicted last year on federal fraud charges after it was found that her revolutionary blood-testing devices, well, didn’t work. Since then, her alleged crimes and baffling behaviors (including allegedly changing her voice) have been dissected in John Carreyrou’s Bad Blood book, the addictive podcast The Dropout, and countless news stories, but the documentary still managed to provide even more insight into who she really is.
0-contracts. $0-sales. Realism, not pessimism. Rational, not irrational.
Quoted text:
With this product Cipherloc I find it unimaginable this company doesn't succeed in signing numerous contracts in every sector that you can think of The government has to be the Stumbling Block once that goes thru and if when it is the Standard in Encryption All this well thought Pessimism will definitely go Away
CLOK status report is needed from new Interim-CEO
I agree that an honest status report is needed from the new Interim CEO to "clear the air" about Cipherloc. I think that removing de la Garza from the CEO seat was long overdue, and something that I have wanted for ALL SHAREHOLDERS for a very long time. But de la Garza's past actions will have negative consequences for CLOK shareholders and we can't just turn a blind eye to de la Garza until everything is on the table and he is no longer a part of the company.
I would like to know how the rest of the cleanup is going, specifically, getting family, friends and prepaid "consultants" off of the payroll.
I think all shareholders want to know about sales and what's in the pipeline. This seems to create the most CLOK-related disagreements. My opinion has always been more on the negative side because I KNOW THAT DE LA GARZA HAS LIED ABOUT WHAT'S IN THE PIPELINE. There are many others who choose to believe de la Garza and still think that DataPath, the Air Force, the US Government and other unnamed entities are on the verge of some huge sale with CLOK. While I don't doubt that CLOK can make a real sale, for real money, with a real company or government agency, I believe that the sale will be very small given CLOK's actual product offering at this time. And given the history of de la Garza's claims about pilot programs, and sales next month, next quarter, next year that have not turned into sales, anything that de la Garza has promoted or alluded to has to be ignored.
Which leaves us with the following big questions:
1) How much cash is left in CLOK bank accounts?
2) What are the current liabilities, including commitments by de la Garza?
3) What will be the impact of the LeBlanc lawsuit?
4) What is the monthly/quarterly burn?
5) What resources are needed to make sustainable sales?
MDLG Lie Highlights. Wired$, DataPath, AirForce, more lies...
1) There is no DataPath contract
2) There is no Air Force contract
3) There are no government contracts
4) de la Garza failed to disclose material events
5) The stock ledger for CLOK is way off. All fingers point to MDLG
6) de la Garza has been abusing the corporate accounts
7) Didn't disclose that CFO Sullivan departed
That's just the highlight reel.
Agreed. Reality_check is needed. CLOK_house needs extermination.
I'd love to hear from the new CLOK Interim CEO...a state of the union, if you will. Non-filtered, open Q&A, and not screened by Matt Kreps, another one of Michael de la Garza's culpable crew.
Make no mistake about it, the effects of MDLG as CLOK's CEO will haunt Cipherloc for many quarters and years to come.
He has made no sales, and will continue to make no sales. He's a complete loser when it comes to doing the job as CEO and as a sales guy.
The next 10-Q is due in 9 days. 9 DAYS!! I can't wait to see this one!!
Joe Gangi is not the future of Cipherloc. I don't know why Michael de la Garza wired $1.6 million to Joe Gangi. I do have my suspicions though. Joe Gangi's efforts? Probably stay out of prison.
Most, if not all of the allegations against de la Garza have been proven to be true.
? Security clearances? de la Garza?? There's no way that he will get US government security clearance to anywhere or anything. 0% chance.
No, CLOK is not uplisting to NASDAQ. That was a lie to bring in shareholder money.
Status of sales. THERE ARE NO SALES!!
In response to:
I don't know about the rest of you, but I expect another press release this week. After the new CFO's sudden resignation earlier a few months back, followed immediately by the resignation of the CPA/Auditor, then we have a sudden step down from the CEO last week, amidst all the allegations that were made against him on this message board; well you cannot just announce a new CEO and then follow it up with dead air. You need to follow it up soon with something more. Am I Right?
Hopefully the next board member addition is an expert in Public Relations...
I'd also like to know when we can expect to see a report from the audit committee? To provide some insight on how the company's funds (tens of millions of dollars raised through PPO's...) have been allocated.
And maybe we could hear about the direction of the company from the new CEO? Is the direction of the company the same? Or if the direction or areas of focus are changing, exactly what changes are being made?
And please provide an update on Albert Carlson and MDLG gaining their security clearances.
And can we still expect to join NASDAQ by the end of the year? How is that even possible at this point?
And please update us on Joe Gangi's efforts.
And most importantly, what is the status of SALES??????????? I'd love to hear MDLG report on that.