Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
MDLG’s past is sketchy. He’s unethical, unsuccessful, underperformer...
I question de la Garza’s entire past; education, stated work experience, work bio, everything.
It’s no surprise that he can’t make a legit sale for CLOK. He lacks the experience.
I’m so glad I never gave him money. He begged me to buy-in to NSCT/CLOUD/CLOK at least half a dozen times. He told me that I would double my money, and I could sell my stock in 6 months but that it would be better if I held for at least a year.
De la Garza always told me that there was some big deal right around the corner. And when that “big deal” hits, the price (of private placement stock) was going up. I’m sure that many CLOK investors were told something similar.
#delafraud
$0 sales. Another fluffy PR. Resembles a sham.
Cipherloc is a joke. De la Garza continues to prove that he is an ignorant, inept, self-appointed CEO that only knows how to deceive naive investors into giving him money and then surround himself with like-minded cons and lackeys to keep the deception stories alive while he blows through all of CLOK’s cash.
I hope that everyone who has an active part in perpetuating this con game goes to prison.
It's selling like hotcakes. Not!
Can't wait to see the revenue on the 10-Q for the third quarter that wraps up this weekend!
https://www.youtube.com/channel/UCZXvSagMw_4RwJ8cQmOsRYw
...failed to follow basic cyber-security protocols...
I'll let the tech geniuses explain that by not following BASIC CYBER-SECURITY PROTOCOLS, these 8 government agencies EXPOSED THEIR NETWORKS AND US CITIZENS' MOST PERSONAL DATA TO ATTACKERS.
CLOK has no government contracts. No security clearances. No proof whatsoever that it can secure any data. CLOK can do nothing to stop these attacks.
message in reply to: https://www-zdnet-com.cdn.ampproject.org/c/s/www.zdnet.com/google-amp/article/report-shows-failures-at-eight-us-agencies-in-following-cyber-security-protocols/ which states: "A new report published by the US Senate yesterday reveals a decade-long string of failures on the part of eight government agencies, who failed to follow basic cyber-security protocols and exposed their networks and US citizens' most personal data to attackers."
Agreed. CLOK is first+best at wasting investor $$'s.
Message in reply to 'sammylake':
Clok is first and best.
www.meganet.com/meganet-company.html
Compare CLOK to its competition...like Meganet.
CLOK is so far behind the competition, it’s laughable.
CLOK has become the laughing stock of data encryption.
Fair enough. D&O_Insurance does not cover fraud, btw.
...which is the same playbook that MDLG uses...
Message in reply to 'sammylake':
I operate from my own playbook.
Hmmm. No sales, no accountability, no PR fulfillment.
“Smart people”... who can’t, don’t want or don’t know how to make a sale or tell the truth? I’d like to hear their explanation for so many broken promises (see numerous fictional and unfulfilled press releases) and why no one can make a sale. Maybe Cipherloc should consider making everyone’s pay performance-based and contingent upon an actual sale.
It seems that everyone was “working on not working”.
Very large office. That info was already provided in the press release about their office lease.
...”New and different”...more vague info about a publicly traded company. Why can’t these people just be honest and forthcoming and finish one project? “New and different”...sounds like Cipherloc has an ADD crisis. “New and different”? Seems like these people are all caught up in over-analysis paralysis.
Glad to know that they are letting the public into their large office. Sorry, very large office.
#ifeelsorryforclokinvestors
Message in reply to ‘sammylake’:
No No No. Just the opposite. very large office, many smart people there. Everyone was busy and professional. It was a great experience and very exciting things going that are new and different. Glad to have gone!!
I believe he’s talking about MDLG and tweedle_dee_tweedle_dum.
Tweedle Dee: Al Carlson (culpable board member 1), and,
Tweedle Dum: Sammy Davis (culpable board member 2)
De la Garza, Carlson and Davis are CLOK’s biggest liabilities.
$0_Sales=no one at CLOK is working.
MDLG has no incentive to work, no profit motive, and no reason to be held accountable. He’s irresponsible. He’s a proven conman. He lies frequently. He’s been overpaid and underworked for his entire tenure. The hardest he has ever worked has been to get naive investors to invest in Cipherloc and then figure out how to put as much money in his mouth and pockets and arguing with auditors. Michael is an overpaid CEO-wanna be and has wasted millions of dollars in lawsuits; lawsuits that could have been avoided had de la Garza not lied and misrepresented himself and the companies that he’s represented. And, with LeBlanc, lawsuits that could have been avoided with an ethical person.
Al has no incentive. He is an overpaid c-level guy who has literally accomplished nothing during his time at Cipherloc. Oh wait, he got 1/4 credit for participating with a couple of grad students on a paper. This did nothing for Cipherloc. Al’s in his dream job. He has zero responsibility. He is unmanageable. He is now surrounded by ignorant people who don’t realize what he’s saying is not reality.
There are a bunch of “suspicious” contractors that have no incentive and/or skill set to sell or support a Cipherloc product. These “suspicious” characters do “suspicious” and “mysterious” things that equate to $0 sales, vapor ware (non-existent products), and are used to fool and deceive investors and the investing community. Most of them have been paid in advance with the HOPE that they can make a deal happen. Millions of dollars$$ have flown out, none have come back.
SHADOW CEO? PLEASE TELL US MORE.
Cipherloc, as far as anyone knows, has not protected any data. Cipherloc has missed the cyber BOOM, and has generated $0 dollars from the "cyber crisis".
CLOK technology may provide the same value of protection as AES as there are NO use cases to show that is worth more than AES. Or, CLOK technology may be worth $0 because no company has been able to use it in any capacity.
#justsaynotocrack
Message in reply to 'sammylake':
Yes. requires a Shadow CEO.
Think about this. As we speak, the cyber crisis has created "unlimited spending".
Cipherloc is not only a cyber company but Cipherloc is THEE cyber company.
Think about how massive this is.
The top 3 largest companies in the world with valuations near or above 1 trillion dollars have been systematically destroyed and are being held captive by icky people.
there is no limit as to how much money will be spent.
CEO COMPENSATION $16_MILLION 2015-2019! $2.6_MILLION IN CASH!!
Fiscal year 2015, CLOK raised $2.28 mil, CEO took $730k + $10.7 mil stock
Fiscal year 2016, CLOK raised $946k, CEO took $400k
Fiscal year 2017, CLOK raised $1.38 mil, CEO took $475k + $1.6 mil stock
Fiscal year 2018, CLOK raised $16.6 mil, CEO took $460k + $600k stock
*Estimated 2019, CLOK raised $0, CEO will likely take $500k + ? stock
Source: 10-K, ITEM 11. EXECUTIVE COMPENSATION - Summary Compensation Table
Give de la Garza until 12/9/19 (date of jury trial) to burn through, confiscate, and "commit or convey" the rest of CLOK investor money. He's totally on pace to drain the account by the end of 2019.
#TRUTHHURTS
Continue giving MDLG a pass on everything.
de la Garza wastes CLOK investor dollars.
He hasn't made a sale for CLOK....EVER!!
de la Garza has used company funds to pay for his RV (he told several people that be bought it for cash, even though he didn't), RV storage fees (he drove it a few times), Land Rover, personal car shop rent, utilities and LOTS of other personal expenses.
Looking back at past 10-Q's and 10-K's, when you see Prepaid Officer Compensation (or similar) on the balance sheet, that's de la Garza getting carried away and spending CLOK investor dollars ON HIMSELF!
How can someone "so busy" have so much time to shop for guns, jewelry, look at estate sales online, go to his personal shop and use company funds to pay for his toys, etc, etc. And de la Garza NEVER misses a meal, and CLOK pays for all of it.
Continue giving de la Garza your money. There's a lesson to be learned here.
#nextonAmericanGreed
It’s harder to believe MDLG shipped $400k to_UAE.
That’s a bigger mystery.
#Truth
Yes, I can quote from the reporter's record.
Is this the appropriate place to quote from the reporter's record? I don't think so.
Yes. Order the Reporter's Record yourself. $565.50..
Message in reply to: 'CLOKtickticktick': Are you sure you have that in its entirety? Can you confirm the total number of pages you received and your total out of pocket expense? Can you quote from any of the transcript pages in your possession?
"I'm not expecting sales this quarter". We_all_agree!
Every quarter and every year since de la Garza took over Cipherloc's purse strings, outspoken CLOK investors have said the same thing, "well, I wasn't expecting any sales this month/quarter/year". That's freaking crazy!! Who's invests their money into a public company that can't make a sale, doesn't know how to make a sale, has nothing of value to sell, is trying to sell something for too much money, or flat out doesn't want to make a sale?
CLOK investors...that's who.
#howdoesthatwoolthatwaspulledoveryoutaste?
10-Q says $0 sales. The quarter ends next_week.
I trust the financials over de la Garza. De la Garza lies.
Order the court transcripts. MDLG implicated himself.
MDLG affirms receiving proceeds from Leblanc’s stock sale.
Yes, you have to make an open records request and actually PAY the court reporter for her transcript.
Yes, I have them in my possession.
No, I’m not going to share my copy with you. You can pay for it yourself.
Yes, I have read everything.
It’s all available to the public; you just have to pay for it.
I can share the court reporter’s contact info if you’d like.
Cloud-MD_lawsuits were created by MDLG, paid by CLOK.
MDLG is crooked AF.
Quoted text: No "real" engineers=no sales=no profit motive=shell company.
Cipherloc has allegedly had pilots with various companies, but noone will pay $1 (ONE DOLLAR) for the code. $0.0000000000 in sales. How can a CEO look anyone in the face and say he's trying to make a sale????
de la Garza sold Cloud-MD to Laura Duckworth for $250,000, to TRY and create income, but the auditors wouldn’t let him book any revenue because SHE NEVER PAID, she couldn't pay, and she never had any intention of paying. And de la Garza knew this the entire time!
CLOK completely resembles a shell. Top to bottom.
No "real" engineers=no sales=no profit motive=shell company.
Cipherloc has allegedly had pilots with various companies, but noone will pay $1 (ONE DOLLAR) for the code. $0.0000000000 in sales. How can a CEO look anyone in the face and say he's trying to make a sale????
de la Garza sold Cloud-MD to Laura Duckworth for $250,000, to TRY and create income, but the auditors wouldn’t let him book any revenue because SHE NEVER PAID, she couldn't pay, and she never had any intention of paying. And de la Garza knew this the entire time!
CLOK completely resembles a shell. Top to bottom.
No volume, no sales, no contracts....nothing to celebrate!!
CLOK is a terrible investment. It is WORST IN CLASS. Why keep trying to polish this turd?
Michael de la Garza is a terrible, inept, greedy and inexperienced CEO. He's an experienced conman. He has conned investors out of millions of dollars.
Happy Thursday CLOK investors!
MDLG committed multiple acts of fraud in Leblanc(case).
Misleading statements regarding various "contracts"
Misleading statements about "revenue"
Several failure to disclose issues
Issues related to PPM's
And lots more...
You either believe de la Garza or you don't. Let's see what the authorities believe.
No competent engineers=no revenue=no profit motive=shell company.
GAWK was issued common shares before it paid $1.125 million to CLOK for a “sale” that technically never happened. Why? According to GAWK and auditors, non-delivery of software followed by non-working software.
Soundfi signed an agreement but did not disclose a subscription agreement. De la Garza disclosed a sale price of $75,000 to SoundFi during the conference call.
Kind of like when de la Garza sold Cloud-MD to Laura Duckworth for $250,000, but couldn’t book any revenue because SHE NEVER PAID and never had any intention of paying.
CLOK looks like a shell, acts like a shell, it must be a shell.
MDLG is a pig in a pig sty
You can put lipstick on de la Garza, but then he'd just be a pig with lipstick.
You can add 2 board members to a 5 person board and you haven't changed anything for CLOK.
You can create a couple of committees, but you still have a pig as a CEO.
MDLG affirms receiving proceeds from Leblanc’s stock sale.
Yes, you have to make an open records request and actually PAY the court reporter for her transcript.
Yes, I have them in my possession.
No, I’m not going to share my copy with you. You can pay for it yourself.
Yes, I have read everything.
It’s all available to the public; you just have to pay for it.
I can share the court reporter’s contact info if you’d like.
Civil case#18-0005 LeBlanc vs. delagarza and Cipherloc
http://public.co.hays.tx.us/default.aspx
Choose Civil, Family and Probate Court Records
Enter 18-0005
Figure out how to do a public records search
#itsnotthathard
MDLG has provided the proof of his wrongdoings!
All one has to do is open their eyes, read the disclosures and do a public records search for de la Garza’s testimony in the LeBlanc case.
Step back and look at the facts. They speak volumes.
Audit committee was just formed this week. Give them time to prove their worth.
No competent engineers=no revenue=no profit motive=shell company.
GAWK was issued shares before it paid $1.125 million to CLOK for a “sale” that technically never happened. Why? According to GAWK and auditors, non-delivery of software followed by non-working software.
Soundfi signed an agreement but did not disclose a subscription agreement. De la Garza disclosed a sale price of $75,000 to SoundFi during the conference call.
Kind of like when de la Garza sold Cloud-MD to Laura Duckworth for $250,000, but couldn’t book any revenue because SHE NEVER PAID and never had any intention of paying.
CLOK looks like a shell, acts like a shell, must be a shell.
MDLG acknowledges fraud in LeBlanc case. Public_records_search.
Cipherloc CEO admits that he committed multiple felonies in the LeBlanc hearing testimony. All one has to do is request de la Garza’s oral testimony. Hays County Civil case # 18-0005
http://public.co.hays.tx.us/CaseDetail.aspx?CaseID=13032595
Quote: Fraud? What fraud? Proof? It would be great to see some solid proof that mdlg has committed.
Public_records_search reveals MDLG testimony provided in LeBlanc case.
Any individual or gazillionaire can pay for de la Garza’s testimony that he’s already provided during initial hearing..
De la Garza issued S-8 (free trading) shares to LeBlanc as compensation for a consulting agreement. Then benefited from the sale proceeds. Hmmm?!? Does that sound legal?
It gets worse....much worse. Do a public records search and read all about it.
#mdlgisahumanlawsuit
10-Q says $0 sales. The quarter ends next_week.
I trust the financials over de la Garza. De la Garza lies.
Well...hmm. So, CLOK still has $0 sales.
Thanks for being on board?
Message in reply to ‘sammylake’:
$400m dollar contract for clok! Im glad to be on board!
MDLG committed multiple acts of fraud in Leblanc(case).
Misleading statements regarding various "contracts"
Misleading statements about "revenue"
Several failure to disclose issues
Issues related to PPM's
And lots more...
You either believe de la Garza or you don't. Let's see what the authorities believe.
CLOK has $0 revenues. CLOK has NO contracts.
But that hasn't and won't stop the CEO, Michael de la Garza, from taking investor money and putting it in his pocket!
The SEC can stop de la Garza. A court order can stop de la Garza. The FBI can stop de la Garza.
CLOK doesn't have a management team. They're misled.
...by a baffoon CEO, Michael de la Garza.
CLOK-CEO MDLG has committed multiple acts of fraud.
The SEC, lawyers and judge/jury/courts will decide:
How de la Garza commit the various crimes?
When de la Garza commit the crimes?
What damages were incurred due to de la Garza’s actions?
And is anyone else culpable or responsible?
#dontshootthemessengerhesnotunderannda
MDLG and Michael_Spencer worked in unison to mislead....
Michael Spencer worked as de la Garza's right hand man for "Investor Relations of Cipherloc". See https://www.crunchbase.com/person/michael-spencer-4#section-overview and https://www.crunchbase.com/organization/cipherloc#section-current-team and
Michael Spencer ALSO CONCURRENTLY worked under Philip Wright and BrokerBank Securities. There is also an alarming issue as to how de la Garza paid Spencer and Wright acting as "broker-dealer" under BrokerBank Securities.
de la Garza "encouraged" Spencer to mislead investors ($40 million "grant", Air Force "contract", CenturyTel "contract", DataPath "contract", and MANY OTHER "potential deals" that were presented as "done deals" but ended up being "no deals"; hence the strong interest by the law firm. The information provided to Spencer came from de la Garza. It seems that de la Garza's big mouth always seems to get him in trouble and cost companies millions of dollars.
https://www.israelsneuman.com/wp-content/uploads/2018/09/BrokerBank-Securities-FINRA-AWC-Sept-2018.pdf
# If you lost money with BrokerBank Securities or Cipherloc Corporation, please CONTACT US at 720-599-3505 for a free evaluation of your case.
WARNING! Investigation of BrokerBank Securities and CIPHERLOC CORP.
https://www.israelsneuman.com/brokerbank-securities-cipherloc-corp/
BrokerBank Securities Fined For Sales Related to Cipherloc Corporation
Have you lost money with BrokerBank Securities, a brokerage firm based out of Eden Prairie, Minnesota? We are continuing our investigation into allegations made by FINRA, the Financial Industry Regulatory Authority, against BrokerBank Securities. FINRA fined BrokerBank $5,000, alleging that it failed to perform adequate due diligence on Cipherloc Corporation. The fine was lowered considering the firm’s revenues, financial resources, and ability to pay a fine.
BrokerBank acted as the placement agent for the sales of $2.2 million in securities issued by Cipherloc. FINRA alleged that BrokerBank failed to conduct reasonable due diligence on Cipherloc and failed to document its due diligence.
In 2016, FINRA brought another investigation, alleging that BrokerBank Securities issued hundreds of misleading press releases, which were primarily research reports on specific companies. FINRA alleged that some of the reports falsely implied that BrokerBank was the author while in fact it was not. BrokerBank was paid $50 to $100 per press release. FINRA also alleged that BrokerBank failed to establish adequate supervisory procedures to monitor this conduct.
To settle these prior claims, Philip Wright (the CEO of BrokerBank) agreed to pay a $10,000 fine and was suspended for one month in a principal capacity. Additionally, Wright and BrokerBank were jointly and severally fined an additional $15,000.
Philip Wright was a financial advisor and registered representative of BrokerBank Securities, Inc. from May 2004 to the present. He worked at branch offices in Eden Prairie and Minnetonka, Minnesota.
Brokerage firms like BrokerBank Securities have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado and Seattle, Washington. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Minnesota. Our attorneys have represented over one thousand investors against many brokerage firms in the past.
Click to view: BrokerBank FINRA AWC
Click to view: BrokerBank Securities FINRA AWC Sept 2018
If you lost money with BrokerBank Securities or Cipherloc Corporation, please CONTACT US at 720-599-3505 for a free evaluation of your case.
Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.
Gotta agree. MDLG is the best CEO ever.
Cash Extraction Officer, that is!
MDLG is taking CLOK investors money in clear daylight.
Don’t say you didn’t see it coming...
Yawn. Quick scan. Nothing’s changed. So sad.
CLOK still has no sales...CLOK money burn going strong.
Another quarter ends in less than 2 weeks.
So glad I know the truth about CLOK and MDLG.
#wasteoftechnology