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38% shares are a heck of a lot of shares to be uncertain about. If it was my business I would want to make sure this was cleared up. I understand that hiding revenue is illegal for an SEC registrant. However, since they just became an SEC registrant doesn't that apply now moving forward?
“Why post revenue to a un-knowned number of shares? Why not fix the shell first then reap the reward when you do post revenue to the correct number of shares "hence" shell?” We are talking about a large percentage of shares still in question.
BB...I disagree about being able to determine the success from the RSA yet. I know for a fact that they trained over 100 of TekSystems sales employees at the show. I know for a fact that they supported all their sales partners at the show. There is even a picture posted with them making a new Asian partner at the show. Those are just a few of the surface effects so far....but one thing recently said that we need to pay attention to was this “Why post revenue to a un-knowned number of shares? Why not fix the shell first then reap the reward when you do post revenue to the correct number of shares "hence" shell?” This to me makes perfect sense. We need to keep in mind that 1.5 billion shares is a big percentage of a 8.8 billion share structure.
Ferda...What this response clearly states by Madison is that they are the transfer agent for LDSR. Yes, they’ve seen a past record of 1.5 billion shares back in 2009. However, since then they state no record of ownership of these shares nor do they have any record of communications made by Data443 to contact the share holder. Why would they? That’s not their job as the transfer agency. Madison states they have all Data443’s said stock holders on record except for these 1.5 billion shares that are in question. If these shares were legitimate then by law Madison would have reported verification of ownership in their response. Madison would not know what attempts were made by Data443’s legal team to contact them. That’s for Data443 to prove by showing the judge the returned postmarked envelopes, phone records, possible receipts from a hired agency etc...Madison is the transfer agency only they are just doing their job and putting the rest of the plaintiffs request in the judges hands to rule on. From here the judge will listen to whatever other evidence Data443 has to to support their claim. My guess is Data443 will tell the judge that these 1.5 billion lingering shares are having a direct negative impact on business and is effecting shareholders and growth. They’ve exhausted every possible attempt to contact this company before, during and after the purchase of this shell. I’m guessing they’ll be supplying documentation and evidence from the company they purchased the shell from supporting their complaint along with everything else. Then they’ll force the judge to make a decision based on the evidence provided. Just because that Chinese company dose not respond or show up to court doesn’t make this a slam dunk case for Data443. However, it helps a lot when you have no rebuttal from a defense to argue.
Nicely said D...and a warm welcome to the board!
I agree with you NWD...this is very good news for Landstar and we couldn't of had a better reply from our transfer agent. We knew we would hear back from Madison. What is stated in this response is that Madison has no problem with a judges ruling in Landstars favor. They just need to have the courts make it official. Since Chuguan is unreachable with any defense of ownership. In my opinion this will be resolved quickly. Very exiting news for all of us longs. I can tell that you have some experience with reading legal documents. Thank you for your clear explanation.
Good luck to BD...I wish you the best whatever you decide to do...
I’m not sure who has what...I could only go by the facts...even if you showed that bc were given 1.5 billion shares. I would also expect you to provide proof of all the particulars...are there any selling restrictions? Have they sold any of them yet or with all the millions of shares traded daily do they still hold 1.5 billion shares today?
Well said WIC...bravo
Let’s not forget these 1.5 billion shares are going to be resolved...then we have a lot of positive things happening early April....
Lol...that's right NWD...Jimmy may have accidentally hit the sell button while looking for that lost shaker of salt...
Lol, I agree Mark...they should distribute the shares back to all there loyal longs...
Pray...that's a smart thought...I know if it was my business and I was trying to clean up 1.5 billion questionable shares..I definitely would not want to make it look like my business was thriving. I would turn to my accountants for help with hiding revenue the best way legally possible....
Ferda...Other then the publicly filed legal letters that are posted. I don’t think we know how many attempts they made trying to settle this. I also think as long as the share price remains around this price while its being cleaned up. No hotshot lawyer will risk trying to dispute this legal action. Being an owner of LDSR shares for over 10 years now. I remember receiving notification when they filed bankruptcy and receiving a letter about dividing up existing assets. There were also legal actions against the previous owners. I don’t think it would be a wise decision for them to answer this law suit and try to claim stake in these shares.
BD...like SV posted previously it depends on a few things...the file date was Feb 25,2019...If the judge decides the jurisdiction is in domestic territory then it could be as soon as 21 days....or as long as 90 days if the judge decides they are a foreign entity........................,,,,1. This is an action for a declaratory judgment and breach of contract arising out of the disputed ownership of certain shares of LandStar stock that are currently reflected on the shareholder list maintained by defendant Madison Stock Transfer Inc. (“Madison”) as being owned by defendant Hubai Chuguan Industry Co., Ltd (“Chuguan”). LandStar seeks a judicial declaration that it is the true owner of the shares, and that Madison be directed to cancel the shares and return to Landstar, as set forth more fully below.
PARTIES
2. LandStar is a corporation organized under the laws of the State of Nevada and having a place of business located at 101 J Morris Commons Lane, Suite 105, Morrisville, North Carolina, 27560.
3. For purposes of diversity, LandStar is a citizen of Nevada.
Case 1:19-cv-01121-ENV-CLP Document 1 Filed 02/25/19 Page 2 of 5 PageID #: 2
4. Upon information and belief, Defendant Chuguan is a corporation organized and existing under the laws of the People’s Republic of China, and having its principal place of business in Beijing, China.
5. For purposes of diversity, Chuguan is a citizen of China.
6. Upon information and belief, Madison is a corporation organized under the laws
of the State of New York, having its principal place of business located at 2500 Coney Island Avenue, Brooklyn, New York.
8.
9. between
7.
For purposes of diversity, Madison is a citizen of New York. There is therefore complete diversity of citizenship.
JURISDICTION AND VENUE
The Court has jurisdiction pursuant to 28 U.S.C. §1332(a)(2) in that the action is citizens of different states and the matter in controversy exceeds the sum or value of exclusive of interest and costs.
This Court has supplemental jurisdiction of Plaintiff’s various state law claims to 28 U.S.C. Section 1367(a).
Venue is proper in this District pursuant to 27 U.S.C. §1391(a), in that it is a judicial district in which a substantial part of the events or omissions giving rise to the claims occurred, or a substantial part of the property which is subject to this action is situated
SV...the site looks great...did you notice that they are acting as if the acquisition with N8 has already happened. Check out the products tab? https://www.data443.com/n8-identity/
That's good faith! As long as the technology is good everything else will come together...
Interesting...thank you SV
Someone on FB mentioned that the Chinese have 21 days to respond to those 1.5 billion share. If they don’t respond the judge will automatically rule in Data443’s favor. Is anyone familiar with this process? Looks like the filing date was on Feb 25 so it must be 21 business days?
You are correct...I almost said 3 Silvers but wasn’t 100% sure....Thank you
5 Gold and 2 silver
Hopefully this rumor will turn out to be legit tomorrow and could help the volume...
https://rumormurmursbuzz.blogspot.com/2019/03/youve-got-nervetrend-exploration-ldsr.html
SV...It’s unbelievable how bad it is. Practically everyone who uses the internet to shop, social media and sign up for things has had their personal data exposed at least once in a company data breach. If no one can stop it at least it’s good to know that companies like Data443 are working on different ways to control it. One of the things I love about Araloc is as an admin you can control the data in flight. So Data443 will have the ability to offer their customers a way to quickly delete data if it ever gets in the wrong hands. And they have made it so simple to do. I’ve used this feature and it’s amazing.
They run a simple informational website. Perfect for a typical Wordpress site. They supply information only and do not process any credit card information. Keep it simple and delegate the right people to keep it up to date. Jason can focus on other things such as speaking in front of 1000’s or Fortune 500 IT executives.
Why would they design or manage their website....they aren’t web designers...they are Data security mitigation specialists...
Sounds like he must be good at what he does in his specific practice...wouldn’t it be like saying that real-estate attorney closed on a similar property just recently? Or that prosecuting attorney prosecuted another person for the same felony crime just the other day? I don’t know of anyone who has ever said hey that surgeon has performed that same type of surgery to many times so I’m not going to use him. I look at this as a very positive thing. Happy to see they hired the right professional to address it and who knows what it takes to get it done.
That’s why we need to stick to the facts. Award winning data security software. Techsystems partner as well as many other partnerships. Remember these partnerships have listed Data443 on their websites. That’s not just something IT companies take very lightly. Jason has been asked and invited to speak at Infoworld in front of Fortune 500 executives and along side many well established IT professionals working for billion dollar tech companies...acquisitions with established businesses in the IT field...Like WIC said, its like looking through a keyhole at Yankee Stadium and expecting to know everything about the entire Yankee organization...(I changed it around a little WIC) but at this point it’s clear to me that this is a real IT professional with real good products for sale...building the business from the ground up and that’s the only reason we’ve been lucky to be able to get shares this cheaply....
Nice find mt...but I don’t think it matters if all the NFL teams are using it or just one...from this point on Data443 can honestly say that their products are being used by the NFL.
If a company has hired a business like Teksystems or CyberArk to secure their network. Customers trust that they have researched the best products on the market to support their needs. Companies provide security solutions that compliment their existing portfolio and interface nicely. This adds value to their business. Partners are trained and educated on the software. For example let’s say I have a customer who has a need to add data protection compliance software such as ClassiDocs. I’ll be able to offer that product and support my customers needs through my partnering products. Companies usually choose one product and are willing to put their reputation on the line for it.
Thank you for your chart review...cheers!
WIC...Here is what I find to be the most amazing part about Data443 working closely with XRP....can you imagine the advancements in data protection and security technology they are constantly learning everyday by working with one of the top financial cryptocurrencies in the world? That information is priceless...When cryptos become everyday use, who do you think will be leading the competitive edge? Everyone will be looking for security companies who are experienced with working with crypto security. I like getting you even more excited then you already are my friend.
New SEC fully reporting company + the hottest topic in the IT world + Multi Gold Award Winning Software Two Years in a Row + Being asked to speak in front of the top Fortune 500 executives at Infoworld this April = Success and Many New Exciting Possibilities close by us my friends...
The companies they bought was to offer a complete portfolio suite of data protection products all under one roof. A brilliant CEO in the IT industry will look at were IT vulnerable breaches happen and capitalize off of offering a solution were other companies have failed. What shows us they know what they are doing is the businesses they are acquiring are specific to most of today's IT architecture moving forward. Simple cloud based environments with mobility.
WIC....we can hear your excitement inside your posts...and there is a lot to get excited about...Technically Data443 can add to their website that the NFL is a customer. They don't need to list specifics. That should attract quite a bit of interest.
Maybe if we say his name three times he’ll reappear...
Exciting things ahead of us Nas! Just like my $50.00 bet to win $4,000.00...I wouldn’t change a thing except it may take a little more prayer for the Miami Dolphins.
Makes sense, Araloc is the perfect tool for any sports team. The program is easy to use, powerful and simple to control the data. The Miami Dolphins are a smart organization for recognizing Araloc as a great tool to give them a competitive edge. Before all other NFL teams follow suite... I just bet the Miami Dolphins to win the 2020 pro football championship at +8000. Go Dolphins!
Whats happening is new GDPR compliance laws are being enforced and scam website owners who have been ripping off innocent people by stealing their personal data and credit card information selling bogus advice, services and/or products are being stopped. These moronic crooks websites are going to be forced to comply with new GDPR compliance laws or be fined big money. Hopefully they will eventually be shut down for being negligent with peoples personal data. I'm sure a lot of people don't like companies like Data443 who have been making it clear to these idiot scammers that their game is over. They'll need to comply or be hit hard. This is a great thing for all innocent customers who still fear shopping online or signing up for services.
Welcome to the board and to iHub Kudi...hope my friends Sy & Sturgis clarified your concern for you...
I hope so for Jay...I think his product would sell better as part of Data443’s complete portfolio and with 100’s of trained sales people offering it around the world...