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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.
It’s called wishful thinking. CLOK is a disgrace.
CLOK is a terrible investment. The CEO (de la Garza) was a complete idiot who had no interest in building a real company. So the new Interim CEO just inherited a broken company, with some unproven technology, an active material lawsuit, and some money in the bank.
This turd (de la Garza and all his mess) is far from being flushed.
“Can”t/Won’t make-a-sale de_la_Garza” is focused on sales/marketing.
One step forward, two steps back. De la Garza is CLOK’s main cancer. If he is focused on sales, there will be NO SALES! If Gangi is focused on government contracts, there will be NO GOVERMENT CONTRACTS!!
de la Garza’s “successes” have been infused with fraud. This fatty needs to go...far away from CLOK.
Shareholders should be outraged with de la Garza. Nothing should be suppressed, quite the contrary. Everything needs to be examined and heavily scrutinized. There’s too much at risk.
#noexcusesfordelagarza
What’s next? Clean house. Assess damages. Reality check.
I’m amazed at de la Garza’s incompetence.
I’m stunned by de la Garza’s greed.
I’m disgusted by de la Garza’s lack of professionalism.
I’m surprised that anyone would expect de la Garza to ever make a legitimate sale.
I’m hoping that the new interim CEO will salvage what is left of CLOK, the public company that never made a sale.
#michaelandrobertasittinginacell
Progress made, but June_30_10-Q will show more damage.
Michael de la Garza made $0 sales while at Cipherloc, formerly known as NSCT. He misappropriated millions of dollars in cash, and millions of dollars in stock. Shareholders and legitimate employees, both past and present, are the ones most hurt by de la Garza. Michael de la Garza lied so that he could extract as much cash and stock form CLOK.
Now is the time to get rid of de la Garza's hoodlum friends that he has had on the payroll, that he leaked information to, that was for immediate release to the CLOK investor forum to extend the effect of de la Garza's lies. It's time to expose all perpetrators for their actions.
On a positive note, it seems that the new Interim CEO is qualified to run CLOK. I just wonder what is left in the bank account(s), as I would have to guess that it must be close to or less than $5 million.
It’s sad that de_la_Garza’s lies are often believed
He’s a great liar. De la Garza is definitely committed to his stories.
More and more people can see the truth; de la Garza is full of crap.
CLOK’s_future is a result of past fraudulent acts.
Joe Gangi is just another pawn. All facts confirm that de la Garza is a fraud who surrounds himself mostly with crooks and cronies.
There is no Cipherloc and US government contract. Not now not ever. There are only lies and innuendoes.
From Pamela Thompson to Michael de la Garza to Joseph (Joe) Gangi to Roberta Kale to Carl Ranno. Lots of crimes committed.
MDLG aligned himself with CFO who was busted.
...sounds very similar to Leblanc's case against de la Garza and Cipherloc. Pamela Thompson is who de la Garza carefully selected to help him resurrect NSCT to Cloud-MD to CLOK to ????
Looking at de la Garza's history clearly indicates where he and CLOK are headed.
kingfishers Member Level Thursday, 01/26/12 02:34:03 AM
Re: None
Post # 3023 of 19911
Pump & Dump Accounting
SEC Charges Two Individuals in Pump and Dump Scheme Involving "Hijacking" a Public Shell Company and Counterfeiting Securities
The Commission today announced that it filed a complaint in the U.S. District Court for the District of Arizona against Mario A. Pino for violating the antifraud and securities registration provisions of the federal securities laws. The complaint alleges that Mario A. Pino usurped the "corporate identity" of Bancorp International Group, Inc. (BCIT), a public shell, by fabricating, issuing, and trading fraudulently issued shares of the company. The complaint also alleges that Pino issued false press releases between May 2 and July 13, 2005, and issued millions of shares of fraudulent BCIT stock to himself and others. The complaint alleges Pino sold 175,005,000 shares, earning profits of $269,033, in unregistered, non-exempt transactions into the resulting inflated market.
The complaint alleges that Pino violated Sections 5(a), 5(c), and 17(a) of the Securities Act of 1933 (Securities Act) and Section 10(b) of the Securities Exchange Act of 1934 (Exchange Act) and Rule 10b-5 thereunder. The Commission seeks a permanent injunction against Pino, disgorgement, including pre- and post-judgment interest, third-tier civil penalties, an officer and director bar, and a penny stock bar.
On February 25, the Commission issued an Order Instituting Administrative and Cease-and Desist Proceedings, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order Pursuant to Section 8A of the Securities Act of 1933 and Sections 17A(c) and 21C of the Securities Exchange Act of 1934 (Order) as to Pamela J. Thompson. The Order finds that, in April and May 2005, Thompson prepared false BCIT documents, including counterfeit stock certificates, while knowing she did not have the proper authority. Thompson is a resident of Phoenix, Arizona. During June and July 2005, Thompson received and sold two million shares of fraudulent BCIT stock, earning profits of $7,632. Thompson also acted as the transfer agent of BCIT between April and August 2005 even though she never registered as a transfer agent with the Commission. As a result of the conduct described above, Thompson committed violations of Sections 5(a), 5(c), 17(a)(2) and 17(a)(3) of the Securities Act and willfully violated Section 17A of the Exchange Act and Rule 17Ac2-1 thereunder.
The Commission ordered that Thompson cease and desist from committing or causing any violations and any future violations of Sections 5(a), 5(c), 17(a)(2), and 17(a)(3) of the Securities Act and Section 17A of the Exchange Act and Rule 17Ac2-1 thereunder; be barred from association with any transfer agent, with the right to reapply for association after three (3) years; and pay disgorgement of $7,632 and prejudgment interest of $830.82. The Commission is not imposing a penalty against Thompson based on her inability to pay. Finally, the Commission ordered Thompson to comply with her undertaking to cooperate with the Commission. Thompson consented to the issuance of the Order without admitting or denying any of the findings in the Order. [SEC v. Mario A. Pino, Civil Action No. 08-CV-353 (MHM), U.S. District Court for the District of Arizona] (LR-20466); (Administrative Proceeding - Rels. 33-8899; 34-57379; File No. 3-12969)
MDLG lies because he's afraid of the truth.
de la Garza doesn't know how to make a legitimate sale for CLOK.
de la Garza won't admit that he needs help.
de la Garza feels that he is "owed" money from CLOK.
de la Garza cannot admit that he is not qualified to be a CLOK's CEO.
de la Garza has committed many acts of fraud as CEO of CLOK.
de la Garza is afraid to admit that he has committed so many crimes.
de la Garza has lied to CLOK investors, brokers and employees.
de la Garza lacks the integrity to be a CEO.
#mdlgneedstobeheldaccountable
CLOK is a total joke. It's a shame.
I remember de la Garza lying on the last shareholder call about 30/60/90 days...he said "it's not 5 years from now but now"...Michael de la Garza is such a liar! He's been making claims for years and nothing has happened for Cipherloc. He paid for an expedited non-applicable FIPS certification. So laughable!! It's no wonder that anyone with integrity has already left CLOK.
Right now, noone wants to buy CLOK shares, and noone dares to unload too many shares. Why? Because we all know that a CLOK stock crash is inevitable. Sooo many investors are sweating it out and standing by but the smart ones have already cashed out of CLOK$.
Not sure why people would expect anything to change. There is a longgggg history of de la Garza lying, getting sued, overreaching, and being a chronic SEC line-stepper. The next 10-Q will only reveal more shady deals and less cash in the bank.
#kissyour$$goodbye!!
CLOK investors: Have you been conned by MDLG?
From the iHub forum: https://investorshub.advfn.com/Purely-Pump-and-Kool-Aid-PUMPER-16503/
I think that this may resonate with many CLOK investors and de la Garza disciples! I've highlighted and italicized what will resonate with most Cipherloc investors.
Five Tricks of a Con Artist
If you fell for a scam, chances are it was because a skillful salesperson pushed all the right buttons. Here are five ways that smart sales people - and scam artists - can get you to part with your hard-earned money against your better judgment.
They give you something for nothing
When someone you don't know well gives you something for nothing, be alert. Be aware of the feeling of obligation that the other person has created in you. Is that person manipulating you into buying or doing something that is not in your best interests?
The offer of a sumptuous dinner or a "free gift" sets you up for a high-pressure sales pitch. Many consumers part with large sums of money that they had not planned because they had accepted something up front.
He makes you like him
Smooth operators spend time up front making themselves likeable to their intended victims. They are often quite heartless in selecting individuals who live alone, cultivating their trust and affection.
Con artists are often attractive. They may use flattery, making their intended victims feel appreciated, listened to, and cared about. These people are often quite good at picking up on people's interests, beliefs and preferences solely for the purpose of pretending to have these things in common.
If someone is trying to sell you something, or trying to get you to do something, stop and ask yourself how much you like this person. Don't let it cloud your judgment about the deal. Be aware that the person may have created a good impression very deliberately in order to take advantage of you.
They make you think it's now or never
This is just about the oldest trick in the book. The seller tells you that an offer is good for a limited time only - it's the chance of a lifetime, and supplies are limited. Every high-pressure sale is made in an atmosphere of urgency: hurry, don't wait, don't think, it's a golden opportunity, and you would be a fool to miss it. Your natural impulse is to grab the opportunity.
Of course, there are golden opportunities in life, but they are rare, whereas high-pressure sales are depressingly common. Be aware that the appearance of fleeting availability in and of itself will make you feel compelled to buy. Try not to be driven by that feeling. Recognize it for what it is: a feeling deliberately (and easily!) caused by a common sales tactic. The offer is hardly ever the once-in-a-lifetime opportunity the salesperson would like you to think it is.
He says he's going to make you rich
It is impossible to be prepared for all the different stories cons will make up to explain how you are going to come into a fortune. Lotteries, sweepstakes, investments, business opportunities, government grants and long lost inheritances - we have heard it all. The main thing is, a perfect stranger tempts you with a promise of riches that will make all your problems go away and set your family up on Easy Street forever. He may even ask whether you want cash or a direct deposit in your bank account.
You really, really wish it were true. But the hard reality is that you are going to be the first one to write a check. You will find you need to pay a fee, a cost of wire transfer, insurance, tax or some such thing in advance. Don't do it! You did not win the contest or the lottery (which, when you think about it, you never even entered), and you are not going to get rich. You are the intended victim of a cruel and costly hoax. And by the way: don't give him your bank account number "so he can deposit the money." That's not really why he wants it.
They make you believe it worked for other people
Word of mouth is an excellent source of information for any consumer. We always recommend that anyone hiring a contractor, for example, should ask for the names of other customers to call for references. However it is important to note that testimonials are only useful if they are from other real, unbiased consumers who can be contacted independently.
A collection of written testimonials provided by the seller (even if it includes real-looking names, addresses and photographs) is another matter. It could be real, but it could be fake. Testimonials and references only count if you can talk to real people independently of the seller.
Also be aware that when you see that other people have accepted something, there is a natural tendency to relax and simply trust their judgment. But if everybody just believes everybody else, you could all be duped together. This often happens with investment frauds.
Pyramid schemes (or "gifting clubs") are a special case: other "customers" may want you to believe, not because the investment is a good one, but because they need you to join so they can recoup their own investments. They are looking out for themselves, not for you!
The bottom line: he makes you trust him. "Con" is short for confidence. The con artist's art is making you feel confidence - in him and what he tells you. Con artists get what they want from you by winning your trust and establishing their own credibility in your eyes. They are experts at using your natural impulses and reactions against you.
Populus vult decipi, et decipiatur
"The people wish to be deceived, so let them be deceived."
Source: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=85715797
Fake Press Release Forum. CLOK issues fake news_via_Press_Releases
https://investorshub.advfn.com/Fake-Press-Release-Forum-36101/
All of the fake press releases and "leaks" originating from Michael de la Garza will haunt him in court and hopefully put him behind bars for the rest of his life. It's time to get rid of this contagious cancer from manipulating more investors. Michael de la Garza is a human liability, and is bad for Cipherloc and its investors.
Press conference would be great! Questions need answers.
Did de la Garza finish a 4-year college degree? If so, where from and in what year did he graduate?
What was de la Garza’s role at Renaissance Hospital?
Has de la Garza paid his family or an entity that a family member is associated with using CLOK funds?
Why did de la Garza tell investors and potential investors about an Air Force contract? What is the status of this “alleged” and undisclosed (to the SEC) contract? Why did de la Garza not disclose this material event, or was it not a material event?
What are Joseph (Joe) Gangi’s professional credentials (degrees earned, patents, security clearances, relevant credentials to CLOK)?
What will happen when CLOK runs out of money, again?
Today's Form_D/A shows a determined unwillingness_to_properly_disclose facts.
de la Garza and Ranno must spend all of their time playing games with the SEC, auditors, investors and brokers! It's no surprise that they can't sell any software subscriptions. I mean seriously, how many times are de la Garza and Ranno going to change their story on this recent money raise??
Mauriello, as CFO, you, my friend are now culpable.
Carlson, if you're signing off on any Board Minutes, you're culpable for all of this.
Sammy Davis, if you exist, you're also culpable if you signed off on this.
Same goes for the newly appointed CLOK board members...if you're still around and haven't done some proper due diligence and resigned.
And for all of CLOK management, D&O does not cover FRAUD!!!!
Technically, CLOK doesn't do anything. Never has.
How about this. Let's discuss Cipherloc's operational achievements that have led to revenue. I'll start. GooglePlay store app sold less than 5 subscriptions. I believe all licenses were sold to CLOK company employees, probably all de la Garza. Net result; $0 reported sales.
#totaljokeandtotalwasteofoverhypedtechnology
I've heard MDLG tell A LOT OF LIES.
He has a long history of telling lies. de la Garza has lied to LOTS of investors, he's lied to auditors, he's lied to CLOK employees, he's lied to Michael Spencer, Gino Mauriello, James Sullivan, Carl Ranno, Milton Mattox, Al Carlson, and the list goes on and on and on. Some of these people have perpetuated the lies, while others have distanced themselves from de la Garza.
de la Garza is the type of person who can't tell the difference between truth and fiction. He preys on greedy and desperate people who can't or don't ask good questions.
#greedyfatliarwhoovereatsandstealsmoneyfromclokinvestors
US government will not give MDLG security clearance.
That is funny!!!!
de la Garza won't get it, Carlson can't get it, Carlson Jr. definitely can't get it. Jimmy Crack Corn can't get it.
Milton might be the only person that can get security clearance, but why would he do that?
#nothanksidontdrinkcrackinfusedkoolaid
MDLG also bought toilet paper for the office.
That's about as much of an accomplishment and finding two bozos to agree to sit on the board and rubber stamp MDLG's dumb decisions.
MDLG is a liability to CLOK. He creates lawsuits from his actions and adds no value to shareholders. As a matter of fact, he has only diluted shareholders and tricked many into holding on to their stock thinking that someday it will be worth more than what they paid for it. de la Garza has done this by making up stories and telling Matt Kreps, Michael Spencer, Al Carlson and others, who in turn leak these fairy tale to others, many of them shareholders, who think that these fairy tales (CLOK press releases) have some truth to them.
And, oh my gosh, FIPS certified and still no sales?? Seriously?!? Hahaha! This CLOK story just keeps getting better and better....
Translation. CLOK has nothing in the works. Nothing.
Look back at all the CLOK videos and press releases and you will see a never ending pattern of lies and mysterious fictional deals. NSCT to Cloud MD to CLOK and now Ageos? Seriously??
CLOK investors need to say their last goodbye to their investments. Or follow de la Garza to the United Arab Emirates.
Most startups don't ship $400k+ to UAE
Most startups don't give private startups (Ageos, LLC and Joe Gangi) $1.6million on the finger (on someone's word that they will make a deal happen).
Most startups aren't run by a CEO who a) has filed bankruptcy, b) been sued repeatedly, c) lacks prior success and d) lacks CEO and REAL and SUCCESSFUL software company and startup experience
Most startups don't pay their CEO what de la Garza's been paid to date
Most startups don't put out bogus press releases
Most startups don't get sued because their CEO committed multiple acts of fraud...a CEO who has been sued repeatedly in the past AND has paid out in most instances.
Most startups make a sale within 5 years.
Most public startups don't let the CEO's wife use the corporate card for personal vacations and personal expenses
Let's look at facts, not fiction. CLOK sucks.
$0 sales. What's there to argue about?
CEO has taken millions of dollars and millions in stock. See 10-Q's and 10-K's.
Press releases about sales are garbage. No sales.
Consultants have been "prepaid" millions for "deals" since 2014. Still no deals.
CFO resigned. Not just any CFO, but a highly respected CFO.
Audit Firm resigned. Again, a highly respected Audit Firm.
Prior lawsuits have cost Cipherloc millions.
Current lawsuit by LeBlanc could bankrupt de la Garza and Cipherloc.
The stock price is holding on by its chinny chin chin.
de la Garza comes from a family of desperate criminals. de la Garza surrounds himself with liars and fools.
Likely What-If Scenarios for CLOK and Investors
1) de la Garza gets charged and prosecuted for multiple counts of fraud
2) de la Garza conveys remaining CLOK $'s out of country or out of reach
3) FBI/SEC shuts down CLOK for de la Garza's actions
4) de la Garza gets canned and new CEO cleans house to try and salvage CLOK
5) Leblanc's lawsuit bankrupts de la Garza and CLOK
6) CLOK starts being run professionally and is successful
It is likely that CLOK investors will lose their investments and CLOK employees will be out of a job very soon unless something changes.
Each quarter costs CLOK $1million. Investors gets diluted.
Michael de la Garza has taken money from CLOK all the way to the point of bankruptcy and has diluted the shareholders by taking stock for himself and also issued stock and cash to some very shady "consultants".
de la Garza is averaging a quarterly burn of $1 million per quarter, and this means that CLOK will need more money by the end of 2020.
Since he's already conjured up make-believe deals about the Air Force, DataPath, CenturyTel, GM, GE, Bank of Santandar, some port authority in Florida, some insurance companies, some hospitals, the Chicago Mercantile Exchange, autonomous car companies, a $40 million private platform trading "grant", and a long list of other bullshit deals, what will de la Garza make up for the next round of naive investors????
#cloksecuresnothingofvalue
CEO_de_la_Garza paid THOUSANDS$$ of Personal Expenses using CLOK$$'s.
Michael de la Garza authorized payments to the following vendors and called them "business expenses":
Brad Mitchell - de la Garza's personal mechanic
Josh Hendrick - painted de la Garza's personal vehicles
Davis Family Trust - landlord for de la Garza's personal auto shop that he called the Cipherloc "office". It was a warehouse.
Pedernales Electric Coop - de la Garza setup his Buda auto shop electrical bill with autopayment from the Cipherloc operating account
#moretofollow
Keep or Replace de la Garza Survey!
https://investorshub.advfn.com/boards/board_surveymenu.asp?board_id=170
CLOK pipe dreams started in 2015. Nothing's happened.
Before CLOK, this company was NSCT. Same BS.
CLOK's fiscal year runs from October 1 - September 30. So CLOK's 5-year history is as follows:
FY 2015 $0 sales
FY 2016 $0 sales
FY 2017 $0 sales
FY 2018 $0 sales
FY 2019 $0 sales
What did CLOK's CEO take over the same 5-year time period? Millions in cash, and over $10 million in stock, and performed a very questionable conversion of his preferred stock to common stock.
CLOK has used office furniture (for everyone except de la Garza), Costco computers and used servers (yes, a data encryption company that is run worse than a high school science fair project), C-level employees with past bankruptcies, poor credit, criminal histories. BYOT (bring your own toilet paper...sad but true!). This is the short list.
Michael de la Garza and family benefit from most of the meals and entertainment expense (Michael nevers misses an opportunity to have CLOK pay for his meals, even on weekends and days and weeks when he is not working). de la Garza has had his personal mechanic on the payroll since 2014. No shi*. He has had the Company pay for his auto shop. There are pictures to prove it! de la Garza is usually shopping online for guns, assault rifles, jewelry, jeep parts, cars, browsing estate sales, researching ways to fraudulently convey assets out of the US, and is fully committed to extracting all remaining CLOK cash to himself. He has used others and will continue to use others by using people as the conduit to get cash out of CLOK.
#CLOKrealitycheck
Joe Gangi is just another shady conman.
Joe Gangi history is a continuous string of failures, much like de la Garza.
It is easier to find people and companies who are unwilling to do business with Gangi than people who respect or have heard about this dude.
The decision to "give" or "state that $1.6 million was paid to Gangi" is just another stupid move by de la Garza.
#thisisbecomingtwoepisodesofAmericanGreed
DataPath wants nothing to do with Cipherloc!
I spoke with a DataPath representative. They told me that Cipherloc is not an approved vendor and is not approved to participate in any revenue projects. They went on to say that it would take a long time for Cipherloc to be seriously considered for any DataPath contracts as Cipherloc has no products to offer DataPath and would need to go through the vetting process.
When asked about the $400 million contract they laughed and said “Any contract would be listed on DataPath’s website. If it’s not shown on DataPath’s website, it doesn’t exist. Any suggestion that a deal was made between Cipherloc and DataPath is purely false.”
De la Garza continues his long history of telling lies. Cipherloc houses a bunch of liars in its Arizona office. Cipherloc has made numerous consulting agreements with proven liars as well as prepaid them moeny and stock to "make a deal happen". Did a deal happen? Hell no!!
What other liars does Cipherloc pay??
“MDLG chooses to deceive investors with misleading PR’s”
Matt Kreps is another pawn for de la Garza. They work together to try and keep investors from suing Cipherloc and selling their CLOK shares.
Even Patrick Millard, Director, Marketing Communications for DataPath
(Patrick.Millard@datapath.com, Office: +1 678 597 0723), doesn't agree with the press release by Matt Kreps for Cipherloc.
De la Garza continues the smoke and mirrors game while misdirecting CLOK funds. It's only a question of time until all cash is gone and de la Garza is in hiding.
#afoolandhismoney...
DataPath refuses to include Cipherloc on DataPath website.
DataPath is not paying Cipherloc for anything.
DataPath has only “allowed” Matt Kreps to “rewrite” an old press release from 2018, in an attempt to fool and deceive shareholders.
#gullibleshareholders
DataPath has no mention of Cipherloc. Anywhere.
And no press releases: https://datapath.com/category/news/
Total farce. Rational CLOK investors must be upset. How many more lies and stories will they tolerate??
DataPath wants nothing to do with Cipherloc vaporware!
I spoke with a DataPath representative. They told me that Cipherloc is not an approved vendor and is not approved to participate in any revenue projects. They went on to say that it would take a long time for Cipherloc to be seriously considered for any DataPath contracts as Cipherloc has no products to offer DataPath.
I asked about the $400 million contract and they laughed and said “Any contract would be listed on DataPath’s website. If it’s not shown on DataPath’s website, it doesn’t exist.”
De la Garza lies and lied. What other liars does Cipherloc pay??
MDLG lies. CLOK’s CEO has lied to investors.
The FIPS excuse is just another ridiculous made up “on the fly” story to cover up de la Garza’s original lie about doing business with DataPath.
Rather than ask the chronic pathological liar de la Garza about anything, how about asking DataPath about the “alleged” $400 million contract that they had with Cipherloc??
From the May 2018 DataPath press release:
CipherLoc will commence deployment of its portfolio of products in the third quarter of 2018 and will conclude in the fourth quarter of this year.
Fact: CLOK is a joke to reputable companies.
I think that de la Garza is delusional to think that there will ever be business between Cipherloc and DataPath. Cipherloc has no hardware offerings and only a small bit of code that may or may not work and be stable.
Nobody knows, because nobody is using Cipherloc in any business sense of the word "using".
The most recent Cipherloc-DataPath press release is a rearrangement of the prior press release vomit. It doesn't make complete sense and seems to only be another attempt to deceive investors.
#nosalesmeansprsarebullshit
CLOK and MDLG are impotent and worst-in-Cyberworld-Data-Encryption industry.
Paulson and Besser either didn't do proper due diligence or ignored it.
#atleastthenaiveinvestorcanclaimignorance
More BS CLOK Press Releases. Don't be fooled.
"de la Garza had a long history of deceiving CLOK investors. It didn't stop until the SEC took action..."
From May 29, 2018 Press Release:
''In our effort to include cutting-edge technology in the solutions and services we offer to our Customers, we selected CipherLoc for its advanced yet extremely spectrum efficient and flexible approach to secure mission and business critical data'' said Brad Majeres, COO of DataPath. '' We can deploy, manage, and provision this advanced capability and future product enhancements easily over-the-network in a secure manner into legacy and new networks along with other value-added applications using our MaxView™ management system.''
From July 9, 2019 Press Release:
In our effort to include innovative technology in the solutions and services we offer to our customers, we selected Cipherloc for its advanced yet extremely spectrum efficient and flexible approach to obtain mission and business critical data, said Brad Majeres, COO of DataPath. We are excited to see the contracts auto-renewal proceed as planned to continue our partnership with Cipherloc. The partnership allows DataPath to deploy, manage, and provision this advanced capability and future product enhancements in a secure manner for both legacy and new networks. We believe DataPath hardware combined with Cipherloc encryption creates the most secure digital communications platform available for mission-critical assets.
CipherLoc will commence deployment of its portfolio of products in the third quarter of 2018 and will conclude in the fourth quarter of this year.
========
SOURCE: CipherLoc Corporation
“MDLG would deceive investors with misleading PR’s”
Matt Kreps is another pawn for de la Garza. They work together to try and keep investors from suing Cipherloc and selling their CLOK shares.
De la Garza continues the smoke and mirrors game while misdirecting CLOK funds.
#afoolandhismoney...
In_other_words: Investors will lose all unless SEC acts_QUICKLY!
This is Cipherloc's 4th quarter. The fiscal year ends on 9/30/2019. 10-K is due 90 days after 9/30/2019.
Current and upcoming lawsuits will drain Cipherloc.
Besser and Paulson Investments will be fighting over control of the purse strings and the steering wheel.
So called "long" investors will be in the same position as the NSCT days.
And de la Garza will likely be extradited back to the US from UAE and then his RV, Land Rovers, guns, jewelry, Jeep, Camaro, BMW, and other assets that he purchased with CLOK investor money will be sold for pennies on the dollar and split up amongst attorneys.
#continueholdingyourbreath
6/30/19 10-Q will be more alarming than last_10-Q.
de la Garza has used Carlson, aka "Oz", to raise money. He has used the term "polymorpic encryption" to raise money. He has used terms like "one time pad", "data in motion", "data at rest", "bitcoin wallet", "whatsapp", and other terms to raise money.
de la Garza hasn't made a sale. He hasn't used anything to make a sale. His behavior is inexcusable.
de la Garza has taken a lot of money out of Cipherloc. He has taken a lot of money from investors...every month, every quarter, every year, since 2014.
Some people just aren't capable of running a business or making good decisions. de la Garza is one of those people. He can’t be trusted with money. His word cannot be trusted. He is more about selling lies than software.
#clokistheafoolssoftwareofchoice
CLOK press releases=$0 sales and history of bs
I reread Cipherloc press releases and then I look at the financials. There is no defense for de la Garza’s mismanagement of CLOK funds and his inability to hire and retain competent professionals to make sales and make better decisions.
De la Garza has proven himself to be completely impotent as a CEO.
#icantwaittoseethis10-Q