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

CLOK gets sadder by the minute! Seriously?!?

I’m shocked. It amazes me that anyone can overlook $0 revenues, worst in show performance, lies du jour, I mean the only thing missing is a corrupt CEO who has given millions to some chick with unattainable promises (Roberta Kale) or some guy with secret clearance and a fast track to secret govt contracts (homeboy with Ageos).

#americangreedgonewild

MDLG needs $20million to land $10million Govt Contract

I heard that if MDLG can get $20 million, he can get a $10 million government contract. MDLG says it will take 90/360/1440 days. MDLG says that the "product" is ready to go now, not in 5 years. I heard MDLG say that they have already gone through a bunch of hoops (pilot, certifications, testing, super duper high security clearance, etc) that noone will understand, and the invisible press release has been out on the dark web for sometime.

We just have to BELIEVE in MDLG!!

#clokneedsbranchdavidianstoinvest

CLOK POST ANALYSIS-FACTS, LIES(FALSEHOODS), EMOTIONS

Message in reply to 'clok-em-dead':

We have no clue[FALSE] if anything has happened[FALSE]. We have not gotten any PRs[FACT] that's true but when dealing with the government contracts I am not expecting any PRs [FALSE]. It's not General practice [FALSE] for the government to allow press releases [FALSE, see https://dod.defense.gov/News/Contracts]. I do take mdlg for his word {EMOTIONAL} and expect that things {EMOTIONAL} are rolling along [FALSE] with the government negotiations/contracts [FALSE].

Quote.....

30/60/90...

On the conference call that happened on May 15th, 2019 [FACT], MDLG said [LIES] that developments (sales, products, etc) would be happening 30, 60 and 90 days out [LIES]. We are 30 days out and nothing has happened [FACT]. Yet another broken promise [FACT] in a long string of broken promises [FACT].

MDLG must go! The non-new member of the board must go!

FOS! Quick search reveals government contracts.

https://dod.defense.gov/News/Contracts/

#bgisamasterofplayingmakebelieve

MDLG and cronies make excuses for poor/non-performance.

CLOK can't make a sale and MDLG and CLOK management continue to make up stories and excuses for not making a sale and why it resembles a shell company.

MDLG and the CLOK management blame other people for their own shortcomings. MDLG never accepts responsibility for his actions. This just shows that MDLG is ignorant, irresponsible and incompetent as CEO of CLOK.

Take a step back and look at the Cipherloc facts; CLOK has raised over $25 million in the past 5 years, hasn't made a sale, its CEO has taken millions of dollars and has pissed millions to Roberta Kale (?) who is going to focus sale efforts based out of the United Arab Emirates (UAE) and other mysterious unnamed consultants who are also working on mysterious (non-existent) deals...and now there is less than $10 million in the bank account and MDLG and CLOK are staring at a $10 million lawsuit that will bankrupt both MDLG and CLOK.

No thanks, I care too much about my money than to let MDLG figure out how to get it in his pocket.

MDLG has/is/continues to be unsuccessful with Cipherloc.

Yet, he has a lot of die hard believers and followers.

#mustnotbesuccessful

Wait! MDLG was selling water to someone?!?

I thought he was supposed to be selling software? So, MDLG can’t sell water to a man dying of thirst, and he can’t sell software to a real company....hmmm, maybe he’s not trying to sell them anything?

#shellcompany

Message in reply to ‘Nietzsche’:

No, it shows someone was covering past and future. MDLG couldn’t sell water to a man dying of thirst let alone software to a real company...

LOL! US_Government is NOT doing business with Cipherloc!

Money goes out of CLOK, and never returns...

Noone wants to do business with CLOK_or_MDLG.

I find that to be fallacious reasoning.

There is nothing that suggests that CLOK has ever spoken with Symantec. That’s an irrational takeaway from the referenced posts.

#truthisstrangerthanfiction

Shareholder slash lawyer? Or the other way around?

Nope. It doesn’t. CLOK and MDLG are liabilities...

to companies like Symantec.

Message in reply to ‘clok-em-dead’:

Below clearly shows that someone knows something about contract negotiations between Cipherloc and Symantec.

Posted by: clok-em-dead
In reply to: Nietzsche who wrote msg# 19007 Date:6/15/2019 8:05:25 PM
Post #19008 of 19016

Cipherloc has been in contact with Symantec??

That would be amazing if they were.

Quote....
You can just add that to the list of companies MDLG can’t/didn’t close

We agree. MDLG can’t/won’t/couldn’t/didn’t/hasn’t made a deal...

...with anyone.

At this point, we know $0revenues, no Air_Force...

...no DataPath, no CenturyTel, no GE, no GM, no Tesla, no Facebook, no Symantec (lol), no banks and no healthcare companies.

To believe otherwise indicates misunderstanding of US Markets and how business is legally done in the US.

MDLG has wasted a lot of time_money_and_opportunities.

CLOK employees should be pissed about MDLG wasting time.

CLOK investors should be pissed about MDLG wasting money.

CLOK employees and investors should both be pissed about MDLG wasting opportunities.

But they did just join THAT Company!

They must remove MDLG asap to legitimize the company.
They must remove Ranno to legitimize the company.
They must clean house thoroughly to legitimize the company.
They must clean up conman de la Garza’s mess asap to save the company.

If the above doesn’t happen, they (CLOK’s Board) will all be culpable.

MDLG is the Chairman of the Board!

He stacked the deck years ago in preparation for all of this.
...and de la Garza bragged about not going out easy.

Message in reply to ‘clok-em-dead’:

"In a company where no controlling shareholder exists, the directors should act as if one did exist and attempt to protect this imaginary entity at all times (even if it means firing the CEO, making changes to the structure that are unpopular with management, or turning down acquisitions because they are too pricey). "

I feel ok with mdlg as CEO knowing there is oversight.

CLOK’s BOD needs full transparency to approve financials

MDLG’s role as CEO needs to be assessed IMMEDIATELY!
The CEO salary and employment agreement need to be amended IMMEDIATELY!
CLOK hasn’t never paid dividends and CLOK will never be in a position to pay out dividends with MDLG around in any capacity.

Adding these 2 new Independent BOD’s to a board of 5, which includes MDLG and al Carlson and Sammy Davis (2 MDLG placeholders) is only effective if you get rid of de la Garza, Mattox and/or Ranno. Unless the bylaws change, these new BOD’s could vote against everything and nothing would change. MDLG can continue to bleed the company until it’s dry or worse. MDLG could leave the company tangled in lawsuits that would render the technology “unusable”.

CLOK will end up defunct and worthless.
#CloudMedicalAbsoluteMedicalMedPayEMED.

Message in reply to ‘Clok-em-dead’:

"The board of directors is the highest governing authority within the management structure at a corporation or publicly traded business. It is the board's job to select, evaluate, and approve appropriate compensation for the company's chief executive officer (CEO), evaluate the attractiveness of and pay dividends, recommend stock splits, oversee share repurchase programs, approve the company's financial statements, and recommend or strongly discourage acquisitions and mergers."

Q3 ends in 2_weeks. What excuses await CLOK_investors?

CLOK Q3 questions to ponder:

How much cash remains in the CLOK bank account (US, not UAE)?
How much cash did MDLG take for himself, family and friends?
How much cash did MDLG commit to "consultants" and bad deals?
Will CLOK show revenues from an imaginary government contract that doesn't exist?
Will CLOK attempt an uplist to NASDAQ before or after the next money raise?
Legal proceedings; are there new lawsuits to disclose? Will they be disclosed??

#puffthemagicdragonleadscloksalesteam

Another week, no contracts, no sales. No nothing.

Spoke with Eric Marquez

Facts:
- Eric Marquez was CLOK's CFO for OVER 2 years
- There were no conditions for Marquez to possess a CPA license during his time as CLOK's CFO
- Marquez has known CLOK's CEO de la Garza for 20 years and knows much of his past failures and wrongdoings
- Marquez has worked at the corporate level for companies with revenues in excess of $500,000,000 (500 million). CLOK's revenues are $0
- Marquez is a clean-living, honest, trustworthy, taxpaying member of society
- Eric is glad he's not the CFO of Cipherloc anymore!!
- The reply-to message is inaccurate.

Conclusion:
It seems that de la Garza reneged on the terms of the employment agreement with Marquez. It is obvious that de la Garza is not a man of his word.

Message in reply to 'clok-em-dead':

Eric said so himself. Eric is also a criminal. The guy is a major looser. Glad he's not the cfo any more.

The BOD must be able to police MDLG...

...and have full transparency of all financial transactions and emails provided to a reliable source, i.e., internal audit committee.

The reason that full transparency is paramount is due to MDLG's long history of lies and deception, and that Gino is not likely to provide full transparency.

#talesfromtheclok

I disagree. 1st and 10. CLOK down 60million.

CLOK and MDLG are losing 0-60,000,000 (estimated accumulated deficit).

It's 1st and 10, and the other team has the ball.

MDLG just got his "team" to the stadium, and it's the 2-minute warning in the 4th quarter.

MDLG keeps telling everyone he's going to throw a "Hail Mary" and his center, Al, says that he can (with a little help from academia) "adjust the score" without anyone knowing.

Even though CLOK is losing, select fans will THINK that they are really winning. These select fans refuse to look at the scoreboard, as they are too busy GAWKING over MDLG and Al.

That's my football analogy of the current state of affairs at CLOK.

Better Video:

LMAO! People still believe MDLG? Omg!! Seriously?!?

And there’s a secret contract with the government??

ROTFL!!

Secret “undisclosed” contracts....yeah, lol, that’s possible!!

#afoolandhismoneyaresoonpartedbutnotsoonenough!

CLOK investors should be upset with MDLG's performance.

de la Garza has failed as the Cipherloc CEO. His actions confirm this assessment. It's all in the CLOK$ financials. Even though there may be disclosure deficiencies in the 10-Q's and 10-K's, there's plenty of information that affirm MDLG's dismal performance. He's overdue to be replaced.

Why would an educated CLOK investor be happy with de la Garza's performance?

Stockholm syndrome is a condition which causes hostages to develop a psychological alliance with their captors as a survival strategy during captivity.[1] These alliances result from a bond formed between captor and captives during intimate time together, but they are generally considered irrational in light of the danger or risk endured by the victims.

Nobody wants to do business with CLOK.

Why is that? Likely answers are:

-They don't trust de la Garza
-They don't trust Carlson
-They don't trust that there is a working product that suits their needs
-They don't trust that CLOK has the infrastructure/team to fulfill an agreement
-Nobody is using CLOK
-Nobody has any feedback from using CLOK
-There are too many alternatives

Let's see one or more of the following:

CLOK working app
CLOK paying customer
CLOK government contract
CLOK Air Force contract
CLOK decryptor
CLOK app that has sold more than 5 licenses
CLOK hardware offering
CLOK bitcoin "product"

No?

What do we see?

We see that MDLG has taken a crap load of money from investors, has given himself bonuses of cash and stock, no sales, no plan, and lots of hot air.

MDLG has gone to great lengths to deceive.

https://androidappsapk.co/detail-cipherloc/

#eventheblindcanseemdlg'swool

Penalty was that she couldn't be public-company CFO.

Ever. For any publicly-traded company.

The decryptor was conceptual, but described as "actual".

Carlson and de la Garza made huge claims about the decryptor, however, like everything else, it didn't work and is merely a fairy tale.

Many people were fooled by the faux decryptor app.

#afoolandhismoneyaresoonparted

The "decryptor" never worked. It's another Carlson/MDLG fabrication.

"Did he brag to (me) about it?" He bragged to a lot of people about it. I believe he bragged about because it was one of his hooks to get investor $$.

Message in reply to 'omtrader':

Tell me more about the "decryptor".
Did he brag to you about it?

Two moments stand out; decryptor and GooglePlay app.

de la Garza used to brag about the decryptor. Turns out, Al Carlson's students had either scammed him or conspired with him to "make up" an app that tried to look like it was decrypting data. After some analysis, it was proven to be a hoax. Michael talked about it like it was a finished product.

Before that was the GooglePlay app. He told many people that it would sell like hotcakes, and thought for sure it would generate a few million in sales the first month. The reality? It sold a handful of copies to de la Garza and a few naive people.

True story: MDLG's daughter cleaned once or twice, and was never seen again.

#clokfacts

Didn't de_la_Garza hire another daughter to clean_the_office?

...after he told the pregnant Mexican girl he didn't need her anymore.

...and then asked people to clean up after themselves? Then, after saving $100 every other week for a few months, he somehow bonuses himself with $xx,xxx cash bonus and xxx,xxx stock bonus?? WTF??

REAL ANSWERS ARE PROVIDED BELOW IN RED.....THANKS

Posted by: clok-em-dead Date: 05/18/19 07:28:46 PM
Re: None
Post # 18320 of 18787
MY ANSWERS ARE PROVIDED IN BOLD.....THANKS

Posted by: integrity2
In reply to: None Date: 5/18/2019 12:59:29 PM
Post #18315 of 18319

FACTS & QUESTIONS

James Sullivan; where are you? NOT WORKING ON THE Q. THEN HE RESIGNED.
PROBABLY WORKING ON THE Q

Fact: new CFO James Sullivan came on board one month ago and no one has heard a word from him. WHY? HE'S DOING PROPER DUE DILIGENCE TO MAKE SURE THAT EVERYTHING IS UP TO SNUFF. AND THEN HE RESIGNED.
WHY DO WE NEED TO HEAR FROM THE NEW CFO. IM SURE HES BUSY WORKING AND EARNING THAT NICE FAT SALARY.

Fact: the conference call was the perfect opportunity to hear from the new CFO but not one word was spoken. WHY? HE HAD ALREADY RESIGNED.
I MIGHT AGREE, IT WOULD HAVE BEEN NICE TO HEAR FROM HIM, ALTHOUGH IT WAS NOT NECESSARY.

Fact: the first quarterly report with the new CFO was late. WHY?!!! THE NEWLY APPOINTED CFO CHOSE NOT TO SIGN OFF ON THE 10-Q. IT ALSO LOOKS LIKE THERE WERE MANY LAST MINUTE REVISIONS AND ADDITIONS (DISCLOSURES) THAT NEEDED TO BE ADDED BEFORE IT COULD BE SUBMITTED.
COULD BE ONE OF MANY MANY REASONS BUT AN EXTENSION WAS FILED. NO ISSUE

Fact: the late Q was a material event yet it was not disclosed on the shareholder conference call. WHY?!!!! IT SHOULD HAVE BEEN DISCLOSED ON THE CONFERENCE CALL.
NOT AN ISSUE ALTHOUGH IT WAS DISCLOSED THAT TWO MORE BOARD MEMBERS WERE BEING ADDED.

Fact: it took two years for a new CFO to be assigned. WHY? MDLG DIDN'T WANT TO PAY OR ABIDE BY A CFO.
GOOD QUESTION. COULD HAVE BEEN ASKED IN WRITING BEFORE THE CC.

Fact: the Notification of late Q on form 12b-25 was NOT signed by the new CFO James Sullivan. WHY? HE WAS NOT COMFORTABLE SIGNING OFF ON ANYTHING, EXCEPT HIS RESIGNATION LETTER.
I DONT CARE AT ALL MDLG IS FULLY QUALIFIED TO SIGN IT

Fact: the former CFO claims that MDLG is a con-man and a fraud who has looted the company of millions of dollars. WHY, and could it be true? THE FINANCIALS SHOW THAT MDLG HAS RAISED MILLIONS OF DOLLARS AND TAKEN MILLIONS OF DOLLARS AND EVEN MORE IN STOCK. THERE IS NO NEED TO HEAR IT FROM ANYONE WHEN THE FACTS SPEAK FOR THEMSELVES.
WHEN AND WHERE HAS ERIC MARQUEZ STATED THESE ALLEGATIONS? WE HAVENT PUBLICLY HEARD FROM HIM PERSONALLY HAVE WE?

Fact: CipherLoc’s stock is at an ALL-TIME low. WHY? BECAUSE IT IS NOT BEING RUN LIKE A REAL COMPANY WITH A PROFIT MOTIVE. ALSO, THERE IS NO SUPPORT TO PAY MORE FOR AN UNDERPERFORMING STOCK.
GOOD QUESTION. COULD BE A COMBINATION OF MANY THINGS. NOT AN ISSUE. ACTUALLY A GREAT BUYING OPPORTUNITY.

Fact: CipherLoc has had zero sales for years and years. WHY? IT SEEMS OBVIOUS THAT THE CEO DOESN'T KNOW HOW TO MAKE A SALE OR RUN A COMPANY. HE HAS ONLY BEEN CONCERNED WITH RAISING MONEY AND TAKING MOST OF IT FOR HIMSELF.

Conclusion? We all deserve answers! WE ALL DESERVE TO HAVE AN HONEST CEO WITH HIGH INTEGRITY WHO WILL RUN A COMPANY THAT IS IN THE BEST INTEREST OF ITS SHAREHOLDERS. MDLG ACTIONS SUGGEST THAT HE ONLY CARES ABOUT GETTING MONEY...FROM INVESTORS, FROM CLOK, FROM NOT PAYING THE IRS.
ALL OF THESE ANSWERS ARE PROVIDED IN THE RECENT CC THAT I HAVE SO KINDLY PROVIDED A LINK TO SEVERAL TIMES. THANK YOU MDLG FOR LISTENING TO YOUR SHAREHOLDERS AND TAKING THEIR QUESTIONS DURING THE CC. WE HOPE THAT WE WILL HEAR FROM YOU MORE OFTEN WITH UPDATES AND TRANSPARENCY.

Here is the Conference Call

https://irdirect.net/CLOK/corporate_document/2429

Son, this world only has so many gazillionaires...

And I'm not sure an educated investor would be too impressed by Cipherloc's financials or the CEO's poor performance.

When you take a step back and look at CLOK's accumulated deficit over Michael de la Garza's tenure, it's easy to see the damage he's done to the Company.

CLOK just needs one of its gazillionaires to lay down some fresh turf and shine this turd up!

Accumulated Deficit as of 033019 $57.13 million!!

Great job, de la Garza!

MDLG as CEO:
Accum Deficit as of 093011 $25.87 million
Accum Deficit as of 093012 $25.91 million
Accum Deficit as of 093013 $26.54 million
Accum Deficit as of 093014 $29.38 million (excl Gawk $1.125m "sale")
Accum Deficit as of 093015 $43.14 million
Accum Deficit as of 093016 $45.78 million
Accum Deficit as of 093017 $50.20 million
Accum Deficit as of 093018 $54.62 million
Accum Deficit as of 033019 $57.13 million
Accum Deficit as of 093019 $62est million *trending to exceed $62mil

Accumulated Deficit as of 093010 $25.33 million

Grollman as CEO:
Accum Deficit as of 093008 $24.03 and $25.49 million
Accum Deficit as of 093008 $25.49 per Auditor's letter
Accum Deficit as of 093009 $24.27 million
Accum Deficit as of 093010 $25.33 million

MDLG as CEO:
Accum Deficit as of 093011 $25.87 million
Accum Deficit as of 093012 $25.91 million
Accum Deficit as of 093013 $26.54 million
Accum Deficit as of 093014 $29.38 million (excl Gawk $1.125m "sale")
Accum Deficit as of 093015 $43.14 million
Accum Deficit as of 093016 $45.78 million
Accum Deficit as of 093017 $50.20 million
Accum Deficit as of 093018 $54.62 million
Accum Deficit as of 033019 $57.13 million
Accum Deficit as of 093019 $62est million *trending to exceed $62mil

Appointed as CEO on 11-19-10, signed on 12-1-10?
https://www.otcmarkets.com/filing/html?id=7591352&guid=rZeyUKoEZUKd73h

Other resignations reported in 8-K on 4-30-09:
https://www.otcmarkets.com/filing/html?id=6577816&guid=rZeyUKoEZUKd73h