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Everyone is entitled to their opinion but here are the facts of the matter for Cipherloc. There are only three options to be considered. Since the company is out of cash, it must obviously raise new money. Option1: Raise money and keep the current people in place. Option2: Raise new money and do what TronCarter suggests and clean house and hire new folks. And finally, option3: Should there be no interest in giving CipherLoc new money, it must go into receivership and file bankruptcy. It's as simple as these three options. It's my opinion, the story isn't compelling enough for brokers to pitch and the poor track record of past performance will lead CipherLoc to option3 in the next 2-8 weeks. IMO Option1 is the easiest solution but not the best option for shareholders given the poor performance of past executives and the current BOD driving CipherLoc to it's knees with no cash and no revenues. Option2 makes the most sense because Cipherloc needs competent people on the BOD's looking out for shareholders vs. their own best interest (cya) and CLOK needs new executives that know how to lead people, run a business, build a business, and get to profitability BEFORE running out of cash like now. Option3 seems to be inevitable because brokers are not likely to call their best clients and pitch a penny stock with no cash and millions in liabilities and having so much controversy surrounding it or "too much hair" as they say. But the proof will be in the pudding. Are brokers willing to call their best clients and convince them to take a big risk and invest? Will current shareholders give CipherLoc more new money? I doubt it either will happen but I wish all deserving shareholders nothing but the best.
I'm back after a long hiatus. I don't see this situation quite the same as when I was shouting to the top of my lungs to oust MDLG and Dr. Fraud. But when you look at the current facts, TronCarter might be right. It's nothing personal but let's evaluate. Things looked promising after MDLG and Dr. Fraud were ousted. Then Tom Wilkinson took over and I believe there was about $10 million dollars in the bank at that time. Tom left as interim CEO after a few months and then Andrew Borene was hired. He sounded promising on his first conference call to shareholders, something the Dave Chasteen failed to do which is perplexing. Then Borene was ousted as he obviously must not have known what he was doing. Nothing personal here but the fact of the matter is $10 million dollars has evaporated since Tom took over as the COB. Looking at the most recent financial reports the company is essentially out of cash with some liabilities on the balance sheet. Who is to blame? The BOD's chooses the CEO and they have chosen poorly and that's a fact. The BOD's is supposed to act on behalf of the shareholders to build value but right now there is zero value and in fact there is a negative $2 million in value on the balance sheet not including the $15 million dollars lost after the Paulson raise. Who is fair game to blame? Management reports to the BOD's. The Board hires and fires the CEO who runs the company and reports to the Board and the CEO can hire and fire who he chooses. Both are to blame but the buck stops with the BOD's. Zeynep Young was smart for jumping off the sinking ship because class action lawsuits are going to be filed if the company doesn't raise new money and fast. Nothing personal here but Cipherloc is just about dead broke on recent filing and this is why TronCarters plan makes a lot of sense to me. I wouldn't be surprised to see executives and board members follow Zeynep Young soon, especially if no money is coming in the door.
TronCarter Member Level Wednesday, 03/10/21 11:39:28 AM
Re: None 0
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22563
of 22563
Let's just find some replacements and we're good!
There is a solution to this mess. I'm concerned that CLOK doesn't have competent leadership. Here's what I propose:
Step 1: Tom Wilkinson needs to resign or be removed from his position as Board Chairman and leave ASAP!
Step 2: Chasteen needs to resign as CEO and Director
Step 3: Find a qualified CTO/COO/CEO
Step 4: Assess other BOD's and remove/replace as needed
This is hopefully my last post on iHub because what desperately needed to happen for all of us shareholders has indeed happened (MDLG gone as CEO). However, MDLG needs to be off the BOD and that’s inevitable. After yesterday’s decision, CipherLoc starts day 1 as a business enterprise and leaves several years operating as a criminal enterprise behind. Thank God! Goodbye to the crooked CEO as MDLG’s future is prison. All those who were on MDLG’s side yesterday are gone or will be gone from CLOK soon enough. The company needs more honest employees and finished products and growing revenues. Everyone who desires CipherLoc to be a winning stock and a successful company should be smiling because a CEO with a track record and an honest BOD with qualified people will help CLOK be the winner most of us on this iHub board desire.
MDLG puts a deceiving spell on people. He is very cunning - and knows exactly how to push people's buttons that have a need or vulnerability to believe in him. He literally brainwashes and controls them because he meets some deep need they have. This is the clear pattern that he has shown over and over again. At the same time he pits people against each other - sounds like Saddam Hussien and his generals doesn't it. Keep them fighting against each other so he can stay in power, in control.
This is a family affair - his siblings are just like him. Only MDLG does it much better. I really think this is something that he likely learned from his parents while growing up as a way of survival.
He has spent your money $$$ shareholders - like water. MDLG has robbed you.
You can't make this stuff up. I can hardly believe this myself - but the facts are the facts. And I for one believe that MDLG may be the most evil person that I have ever met (period). He literally is one with Satan himself - as the master deceiver. He is a devil, in the same vien as the anti-christ.
To answer your question on HOW CLOK shareholders won, first let me agree with you on the obvious losses. First, having such a pathetic CEO running a criminal enterprise put us shareholders behind the ball as far as a successful business enterprise is concerned. Also, the Criminal Engagement Officer stole alot of OUR money and misappropriated a lot of OUR money. Next, the biggest lose and the biggest loser is Dr. Carlson by showing his true colors siding with MDLG even after knowing all the security laws and illegal wires. Shame on Carlson but the good news is everyone is replaceable and CLOK owns the patents anyways. The good news is Tom can run a legitimate business.
We won! The Good guys won! Goodbye MDLG...goodbye Ranno....goodbye Carlson...goodbye Gangi!!!
In reading the TRO of CLOK VS MDLG, it is obvious that not only is MDLG one of the worst CEO’s ever but that he has been screwing us shareholders over for a very long time. It looks
Pretty damn clear that prison is a certainty for MDLG. I’d imagine that Joe Gangi, Carl Ranno, Sammy Davis and Al Carlson are all likely to face some jail time too, especially for Carlson and Davis in regards to breaking the Foreign Corruptions Pratcies Act when MDLG sent $600k of unauthorized money to his criminal criminal Brother DDLG!! It is also clear in reading both TRO’s that MDLG is a delusional sociopath and a pathological
Liar and a professional conman who was a Criminal Engagement Officer for OUR company. There is no doubt we will see MDLG on an episode of American Greed or a crime show like it. I’m sick to my stomach reading and hearing about the incredible amount of fraud committed by MDLG and in what I’ve been told are his A-Team of crooks (Al Carlson, Carl Ranno, Jimmy Packes, and Joe Gangi).
CLOK hits new all-time low price today. If MDLG gets back in as CEO, CLOK will go to a penny or two per share and then quickly into receivership and this is all thanks to Al Carlson voting MDLG back in as CEO in a false BOD meeting. What a dumbA**! MDLG’s remaining criminal cronies need to be fired, replaced or pushed out once MDLG hopefully losses his TRO trial today: Goodbye and good riddance to Al Carlson, and Gino Maurillo!
From the Former COO on TRO: “moreover, even if CipherLoc had been able to sell a product to DataPath, Mr. DeLaGarza’s financial projections would have been completely unacheivable.”
Bottom Line: DataPath told both the COO and MDLG facts while MDLG made up his own facts (lies in his head) and stated hyped up BS projections in what now is clear was a PUMP & DUMP private raise with Paulson Investment. MDLG fraudulently pumped up lies to get pipe investors to buy inflated shares. Al Carlson was on all the Paulson calls & supported MDLG’s lies and told some of his own. Carlson and MDLG both Conspired together on this PUMP & DUMP money raise! Both need to be gone from CLOK forever. MDLG, you have stolen enough of OUR money! Carlson, you have allowed DeLaGarza to rip us off long enough! Carlson, resign from the board and go quietly into retirement.
Crime spree on camera 10:30 am
This is from Milton's affidavit.
MDLG shows his FAT A$$ at 11:18am on the tape. FAT because stole everyone's money!
MDLG theft of the AZ office!
“MDLG instructed current and former employees to assist him and they did assist him in Accessing several computers to download CLOK’s proprietary software and trade secrets and to install keystroke trackers. MDLG was captured by CipherLoc’s security footage participating with two former employees in the theft of CipherLoc computers and equipment in the Arizona office.”
Bottom Line: MDLG wasn’t satisfied with stealing our monies so he and his cronies raided the AZ office and stole OUR technology secrets! You can’t make this s**t up!!! This not only proves MDLG is a small time thief but it also proves that he and his bandit of crooks are total idiots getting caught on the security cameras. Hey Carlson, how can you support this criminal activity? You need to remove yourself from the board and go retire before the SEC charges you right along with your multiple partners in crime!
Video link of MDLG
MDLG theft of the AZ office!
“MDLG instructed current and former employees to assist him and they did assist him in Accessing several computers to download CLOK’s proprietary software and trade secrets and to install keystroke trackers. MDLG was captured by CipherLoc’s security footage participating with two former employees in the theft of CipherLoc computers and equipment in the Arizona office.”
Bottom Line: MDLG wasn’t satisfied with stealing our monies so he and his cronies raided the AZ office and stole OUR technology secrets! You can’t make this s**t up!!! This not only proves MDLG is a small time thief but it also proves that he and his bandit of crooks are total idiots getting caught on the security cameras. Hey Carlson, how can you support this criminal activity? You need to remove yourself from the board and go retire before the SEC charges you right along with your multiple partners in crime!
The Book Of Crimes on MDLG:
“MDLG moved a significant amount of CipherLoc funds out of the country for no business related purpose.”
“MDLG wrongfully failed to report stock transfers”
MDLG “pocketed funds received as a result of CipherLoc’s sale of stock.”
MDLG “had Family members on CLOK payroll who did not do actual work for the company.”
MDLG “awarded himself cash bonuses without Board knowledge or approval”
MDLG “wired corporate funds to his daughter who had no business affiliation with CipherLoc.”
MDLG “misrepresented the existence of contracts with the Air Force and with DataPath.”
MDLG “misrepresented to potential investors the products that were available from CipherLoc.”
MDLG raised $17 million from investors based on misrepresentations and has depleted a significant amount of those funds without developing any viable product.”
MDLG “caused the transfer of $400,000.00 from CopherLoc’s bank account to the united Islamic Bank in the UAE. Those payments were not disclosed to CipherLoc’s Board Of Directors or to shareholders. Moreover, CipherLoc has never received any benefits or value for the payments to the United Islamic Bank or to Noun Emery.”
Bottom line: this is only a very small portion of the charges now against MDLG. How pathetic is Al
Carlson for aiding and abetting this criminal who has stolen from all of us shareholders! Carlson, YOU MUST GO NOW! MDLG, you have hurt all of us shareholders long enough! MDLG, you are a fraud, a thief, and a conman. Carl Ranno and Al Carlson also MUST be punished along with Michael DeLaGarza! All you conman ripping off us shareholders need to pay for your crimes and hang your heads in shame!
Wire fraud by MDLG to the UAE!: X-CFO: “ I immediately contacted Ranno about $600,000.00 (approximately) that had been wired to the United Islamic Bank in the UAE for the benefit of Noun Energy. ...violating the Foreign Corrupt Pratices Act As CLOK And Noun energy did NOT have an agreement in place mandating Noun Energies compliance with the FCPA.”
Bottom Line: Noun Energies CEO is MDLG’s big brother DDLG! MDLG is stockpiling OUR money with his brother DDLG and his UAE criminal accomplice Roberta Kale! Carlson as a board member is also on the hook for breaking the FCPA according to federal law. I hope they both enjoy their time in prison together! Maybe they can be cell mates with Ranno and Gangi. Carlson MUST resign immediately! He has aided and abetted MDLG, Ranno and DDLG long enough!!!!
More fraud disclosed in affidavit by James Sullivan. Here’s some of the former CFO’s testimony: “...DeLaGarza wife had been on the payroll in 2018...” “As CFO, I requested but was not granted access to its accounting system (Intuit’s Quick books). Nor was I granted on-line access to CLOK bank accounts to research and verify transactions. I have not confronted any similar exclusion at any other company where I served as CFO.”
Bottom Line: MDLG did not want James Sullivan to see “a $2.324,000 wire.” “MDLG explained that CiperLoc had an opportunity to invest $2.3 million dollars in medium-term notes (MTN’s) which Ranno had been working on for a long time and requires MDLG and the board members to send their passports to the investment agent, and could yield 10x returns in a short period of time. I expressed significant skepticism. CipherLoc’s independent audits were aware of this type of MTN transaction. I closed the discussion by noting that CiperLoc would be required to disclose the investment and would be required to file the document in a form 8k with the SEC. I researched MTN’s and found a notice on the US Treaury website that MTN’s were frequently a vehicle of fraud.”
Bottom line: MDLG and Carlson failed to disclose this 2.3 million dollar investment and they sent their passports in to make a $2.3 million dollar fraudulent investment with OUR money! Once again, the three partners in crime are MDLG, Ranno and Carlson! Once again, Carlson has NOT obeyed his fiduciary responsibilities and only looked out for his interest and the interest of the criminal CEO: MDLG! Carlson MUST GO NOW!
124 page lawsuit PDF - CLOK vs. MDLG
https://anonymousfiles.io/f/2019-08-27_Original_Petition_and_Application_for_TRO_exhibits.pdf
More Fraud by MDLG & Carlson:
Former COO’s affidavit: “in the Webinar, MDLG also states that an agreement just reached with DataPath represented that an inflection point for CLOK, proving the company had actual software sales and would continue to makes sales: indeed, massive sales. He represented that CLOKs software was to be promptly incorporated in DataPaths existing products and would be included in DataPaths planned future product upgrades-which were said to be required by DP’s government customers by the end of 2019. In fact, on the day of the PIC webinar, MDLG and I were told the agreement reached DID NOT involve the sale of any CipherLoc products to DataPath, but instead set out terms for attempting to cooperatively develop software solutions.
Bottom line: MDLG and Carlson on the pump and dump Paulson calls defrauded all of us investors! MDLG (And Carlson’s) destiny is Prison or the UAE with MDLG’s criminal brother DDLG.
First Fraud by MDLG and Carlson in a Declaration of Mike Hufnagel (Former COO):
“On May 17, 2018, Paulson hosted a webinar for prospective investors in CLOK’s pending security offering. In it, MDLG represented that CipherLoc had signed an Air Force contract. In fact, CipherLoc only had issued a demo license to NAU which was apparently working with the Air Force for which the demo license may (or may not) have been used. At the time of the representations and until I left the company in September of 2018, NO SALE of CLOK software had been contracted for or completed with the US Air Force and there was NO contract of any kind between CipherLoc and the Air Force.”
I know for a fact that both Carlson and MDLG told investors multiple times during the Pump & Dump Pipe that there was an AF contract. FRAUDS!! Both of these conmen need to be prosecuted for raising money by telling multiple lies to us Pipe investors!
Wow!!! The proof shows MDLG and Al Carlson are FRAUDS!
Carlson is the biggest disappointment in this whole mess. He was and IS still part of MDLG’s criminal enterprise! And these two documents indeed show that MDLG amd Carlson ran a criminal enterprise together. Carlson spoke on most of the Paulson Pump & dump conference calls and lied his a** off to us right along with his partner in crime MDLG! Carlson As a board member KNEW of these wires to the Middle East! Carlson MUST GO to prison along with MDLG!
Holy Cow! I just read those two posted PDF’s! These 100% confirm the Pump & Dump Pipe as former CLOK COO just confirmed in an affidavit! MDLG lies about EVERYTHING he said on the multiple conference calls for us pipe investors. Also, MDLG did in fact break the FCPA: the Foreign Corruptions Practices Act by sending 600k to his Criminal big brother DDLG! An orange jumpsuit is certainly in MDLG’s NEAR future. It will be hard to be CEO or on any board from prison! If Carlson STILL backs MDLG’s play after reading this, then rest assured, he is 100% complicit to MDLG’s crime spree as Board member from day one and Carlson will also be in an orange jumpsuit. Carlson MUST GO!
The biggest struggle I had was Carlson
I also struggled with that question of why MDLG would be so stupid to risk so much while owning so many shares. Then it became clear to me that MDLG is a sociopath who saw OUR money to STEAL as more important than his shares and he felt no guilt raping all of us. The biggest struggle I had was Carlson. I was always wondering if Carlson was knowingly aiding and abetting MDLG or if he was just the clueless professor being duped by MDLG. I’m disappointed to learn but glad to finally find out that Carlson Revealed his TRUE COLORS by holding a false BOD meeting to Vote his criminal partner back in as CEO and doing so in an illegal manner. Carlson is the number two criminal behind MDLG because it was HE who as a CLOK board member that allowed MDLG to steal and to do massive harm to OUR company. CARLSON MUST GO!
Carlson, resign immediately!
You participated in a bogus board meeting to appoint MDLG as CEO with the knowledge MDLG was a Criminal Engagement Officer! This proves to me that you continue Aiding and Abetting MDLG to engage in criminal behavior. Carlson, you should be ashamed of yourself! You hold yourself out as a religious man yet you continue to screw us over by failing in your BOD fiduciary responsibilities to shareholders. Al Carlson, you WILL be removed from the BOD and Tom Wilkinson WILL find a new Chief Scientific Officer BUT one who is honest and has Integrity! From my viewpoint, you have risked the possibility of MDLG being reappointed CEO tomorrow while knowing CLOK’s stock will go to a penny per share once Jeb and Manchester are done suing the hell out of YOU, MDLG, CLOK, Gangi, Roberta Kale, PIC, and CARL RANNO. Once the truth all comes out, you will be viewed as the Evil Scientist vs the “great Oz.” You will SOON be viewed as the guy who was MDLG’s partner in crime right to the very end! Carlson, YOU MUST GO TOO! Carlson, YOU WILL GO and I look forward to that day you join MDLG, Ranno, AND especially Joe Gangi in prison and then the remaining filth that screwed us shareholders will ALL finally removed from CipherLoc.
Get your head out of the sand and Read the 8k’s filed. I said over and over that Gangi will go and he did. I said over and over again that MDLG will go and he did. Mark my words, Carlson will go too. Then, all the members of the criminal enterprise will be gone from CipherLoc and all the filth that has stole OUR money will be out of CipherLoc. Then, us shareholders will have a fighting chance of success as a business enterprise. CARLSON, resign your post! You have failed yourself and all of us shareholders who put trust into your judgement which has been poor at best!
Shame on you Dr. Al Carlson!
I said Joe Gangi was NOT the future and now he is the past. I said MDLG must go and he was removed as CEO...so please hear me loud and clear: MDLG called Dr. Al Carlson into an illegitimate Board meeting to vote MDLG back in as CEO even after the legitimate board voted MDLG out as CEO. MDLG was voted out because he has committed Federal Crimes and broken multiple security laws. I firmly believe that James Sullivan resigned and the audit firm resigned after seeing MDLG committing wire fraud and screwing all of us shareholders! MDLG had his entire family on the payroll and that included his mechanic where it’s been rumored that MDLG’s grandson worked for the mechanic! Mr. Carlson has NOT acted in the best interest of the shareholders by voting a Criminal Engagement Officer back in to be Chief Executive Officer. Dr Carlson is supposed to act as a fiduciary representing us shareholders. The evidence now shows that he only represents himself and MDLG! Dr. Carlson, YOU MUST GO! Carlson, you have now shown me that YOU are part of the CLOK criminal enterprise that included MDLG, Carl Ranno, Jimmy Packes, DDLG, and Joe Gangi. These MDLG cronies added up to ZERO results for shareholders and resulted in CLOK hitting all-time lows while enriching themselves with our money! Only one more LIAR and THIEF to be thrown out of CLOK and that is Al Carlson for misrepresenting us shareholders and lining his pocket and MDLG’s family’s pockets and MDLG’s cronies pockets. Dr Carlson MUST GO! Dr. Carlson WILL GO!
Maybe Gangi is the future, maybe he is not but the new CEO is TomW. If he determines Gangi is the future, so be it. What is to be celebrated is Cipberloc now has a promising future that should not look like its depressing past filled with losses and questionable decisions. The same CEO each year resulted in the same lousy results but alas, a new day and a new bright future is ahead! TomW seems capable and his job will be to secure us shareholders a better and brighter future, one much better than the lousy past. I’m fully satisfied about today’s decision. I’d like to say I don’t see a need to post on iHub anymore. I will be buying back the higher priced stock I sold as a tax loss as soon as I see some positive developments. I hope we all make a fortune with this new leadership in place. Good luck to everyone.
An upbeat and glorious day for shareholders
Today is a really upbeat and glorious day for shareholders. The big upside potential of Cipherloc has always existed, but now CLOK has a fabulous opportunity to exploit the tech’s true potential. The new CEO looks to be a solid choice based on what has been released but evidence will be in big new deals and growing revenues. I feel more optimistic than I have in three years about CLOK because new leadership was needed and now the share owners have what appears to be a top notch CEO. Change is usually a good thing and in this case, it’s a very good thing. I’m one hundred percent behind the new CEO but he must deliver for us shareholders because we deserve some big wins and a much higher stock price. Tom W needs to bring on new independent board members to solidify CLOK’s corporate governance. I hope the new CEO makes this a winning corporation that we shareholders all deserve and helps make this a winning stock we all make significant returns on! Well done BOD, you showed US shareholders YOU represent us by doing exactly what needed to be done.
Joe Gangi is next!
Ding dong the king is dead!
Facts! You want FACTS! Read my past posts and you will see nothing but FACTS along with common sense conclusions. FACT: MDLG made a big error getting a respectable CFO in James Sullivan. FACT: James quit in just 30days! FACT: He and the Audit firm saw something BAD as they BOTH quit at about the same time. FACT: if they saw fraudulent transactions (highly likely) then it’s been reported to the SEC and the SEC is digging deep on this fraud and they have likely brought in the FBI and the IRS. FACT: A wire to the UAE to Robert Kale WILL bring down MDLG! The FBI is likely looking at MDLG right now for breaking FCPA on this wire to the UAE. FACT: It isn’t IF but simply WHEN MDLG’s hopes and dreams of scamming us of ALL of our remaining money goes UP IN FLAMES! FACT: MDLG sending $400k without a press release made it obvious to any one with two bits of common sense that MDLG was doing something very bad and he was trying to HIDE it in the Q vs. doing a press release! FACT: The $400k WILL bring MDLG down and MDLG WILL go to prison! FACT: MDLG will siphon every last penny out of the company IF HE IS NOT removed by the SEC or the BOD or BOTH ASAP! Joe Gangi is a loser, a fraud, and a con, just like MDLG! FACT: JOE GANGi will be thrown out on his a** after WE share owners dethrone MDLG! I’m more comfortable with Dan DeLaGarza at this point as CEO because he’s served his time in prison but now it’s his dumb little brother MDLG’s turn for prison and that should have us all wanting MDLG OUT! Let the BOD fly DDLG and Roberta Kale from the UAE to serve as our FUTURE since she already has the exclusive rights that MDLG was dumb enough to PAY her! Dumba**! FACT: shareholders need to celebrate the day MDLG is removed right along with his criminal cronies like Joe Gangi and Carl Rano and “Jimmy crack corn” and we need to demand OUR money back from Joe Gangi & especially from the frail little
Old lady named Roberta Kale: FRAUDSTERS! FACT: MDLG lied his a** off on the shareholder call as evidenced by yet again, a faulty set of BS false promises with absolutely nothing delivered in the time he said! Also, MDLG failed to disclose James Sullivan had left the previous Sunday! He failed to disclose his Q would be late THAT very day! Instead he spewed lie after lie after lie including his work on some BS “autonomous vehicles” all to cover-up having his mechanic on the payroll with OUR money! You want more FACTS because I can go on and on and on for days pointintng to MDLG’s FRAUD! And it’s ALL in the public filings and conference calls and ALL in our face. It’s embarrassing that we have such an idiot CEO that is so controversial and doing stupid illegal Crap! MDLG’s new partner in crime is Joe Gangi! And MDLG has $1.5 million dollars missing as evidenced by the recent D/A minus the S1: go read it as the details are ALL laid out in factual
Detail thanks to MDLG then go and do the simple math! He likely sent that money along with much of the $1.6 to Joe Gangi and the $400k To Roberta and MDLG will soon be celebrating with OUR money with his criminal brother DDLG and his criminal girlfriend R Kale in the UAE! I will stand up and shout on these Posts until MDLG and Joe Gangi are BOTH gone! MDLG and JOE GANGI must go! Roberta needs to send OUR money back too! Paulson needs to sue MDLG for his PUMP (DataPath lies) and DUMP (17.5 million shares on us unsuspecting pipe investors). MDLG is a fool and a thief and he is offsetting OUR promising technology!
Maybe Roberta Kale should be CLOk’s future? She just received $400k and she has exclusive rights to sell the software Thanks to MDLG. If Gangi thinks he’s the future, then I can’t imagine he is too happy with this exclusivity arrangement with a little old lady in the UAE. But then again, Gangi got to launder $1.6 million while Roberta only got to launder $400k. How about Roberta Kale for CEO? LMAO
If the future of CLOK is Joe Gangi then the future looks bleak for CLOK. Please go to The Cipher Team website for a good laugh. My five year old daughter could design a much more professional website. Read Joe Gangi’s BS Bio there and you can see he’s a total scamster just like his new partner in crime MDLG. Click on the Ciper Team Partners for a really good chuckle! You will clearly see all their so called partners are frauds and that includes Cipherloc as long as CLOK is run by a Criminal CEO breaking SEC and federal laws left and right and right in front of our eyes!!! Joe Gangi is laundering OUR money for MDLG and for himself and so far that’s to the tune of $1.6 million. People will feel so FOOLISH believing in two criminals like Gangi & MDLG. My vote for the future of COLK is DDLG, MDLG’s convicted criminal brother. Maybe he is clean now and that would be much better than a dirty Gangi. The future for Gangi and MDLG is prison. It is a simple as that and feel free to go visit them both in prison unless they escape to the UAE to be with Robert Kale. Maybe if you visit the Middle East they will let you see OUR money they have all sent which totals at least 2 million so far with $1.6 mil to Joe Gangi and 400k to Roberta. MDLG MUST GO! JOE GANGI MUST GO TOO! Throw all the TX, DC and AZ bums out before CLOK goes to zero!
MDLG has zero credibility with investors. He has made to many bogus deals that resulted in zero sales over the three years I’ve owned this crummy stock. You can see the BS reseller deals on the Clok website. Add in his most recent suspicious exclusivity deal with a little old lady in the UAE and MDLG actually PAID HER $400k of OUR MONEY so any remaining credibility he MAY have had went out the door. Then he hired a very credible CFO who couldn’t last 30 days!!! To add to us shareholders suspicions and to diminish his credibility further, the Audit firm also resigned! This indicates MDLG is up to no good! He announced a suspicious deal with Joe Gangi and “The Cipher Team” last year & Gangi delivered zero! So how does MDLG reward Gangi? By giving him $1.6 million more dollars in a newly formed company called AGEOS! Combine these questionable dealings with the now $1.5 million missing $ on S1 minus D/A shares on 7-23 and it’s clear the audit firm and the CFO saw MDLG’s crimes 1st hand and ran like hell! Your days are numbered MDLG! We are the shareholders meaning we are the collective owners of Clok and we’ve heard enough of your lies and have seen too many of your crimes committed right in front of our eyes. MDLG MUST GO AND I don’t mean GO be with Roberta Kale & MDLG’s Criminal brother DDLG in the UAE with all OUR remaining money. I mean MDLG must GO far away from OUR company Cipherloc and GO pay for his crimes like any other white collar criminal!
MDLG’s fraud confirmed on the SEC Edger website on new D/A!MDLG, you’re getting closer!!!Thank you for the clarification of your fraud MDLG! 18,827,900 units were sold for $1.00 per unit according to S1A registration statement filed with the SEC and on the Edger website 2-21-19. The amended D/A on 7-23-19 now shows 17,250,000 shares at $1.00 per share sold by Paulson. To the crack financial team at Cipherloc, your getting closer with your amended D/A two days ago but you’re not there! MDLG, you are STILL short 1,577,900 shares which means there is $1,577,900 dollars MISSING based on very simple math: Take 18,827,900 minus 17,250,00 and now the SEC now has absolute proof of MDLG’s fraud on this missing money! WHERE is the missing $1,577,900? Did MDLG send the missing money to the Middle East like the $400k to Roberta Kale in the UAE? BOD, MDLG MUST GO! He is literally STEALING OUR MONEY and all YOU members of the BOD have a fiduciary responsibility!!!!!!! You MUST represent Shareholders!
Yes HeMaygoAlltheway, facts being exposed in the posts will ultimately end MDLG’s reign as CEO. He can’t pay his mechanic with OUR money! He can’t pay all his family members with OUR $! He can’t send money to unknown and unproven people and then give away exclusive rights to OUR software! MDLG will be removed as CEO one way or another. But you may be correct and HE May Go All The Way To The UAE With OUR Remaining Money if the BOD’s don’t remove him as CEO.
HeMayGo, I believe the posts over the last several months helped get a shareholder conference call, a new CFO and two new board members but it won’t be these posts that get MDLG removed as CEO. It will be MDLG that gets MDLG removed as CEO! Sending $400,000 to some little old lady in the UAE will get him removed. Sending $1.6 million to some unknown and unproven guy named Joe Gangi will get him removed. Losing OUR money quarter after quarter and year after year will eventually get him removed. The BOD’s doing their job and honoring their fiduciary responsibilities will get MDLG removed (or they will be removed) as there only needs to be three of the five BOD’s to vote MDLG out. The shareholders can vote him out because MDLG does not have ownership control of the company. The CFO and Audit firms have certainly reported MDLG’s fraud and suspicious activities to the SEC and because MDLG has likely broken the FCPA (Federal Corruptions Protection Act), the Regulators and the authorities will soon be showing up in FBI flack jackets taking MDLG out in handcuffs and that will remove him as CEO when he’s in prison for breaking security laws and committing federal crimes. I am sure that I have answered your question as you can now see the many ways MDLG CAN and WILL be removed as CEO.
Funny? Jokes? Here’s several!
MDLG is an ongoing joke! Some unknown guy named Joe Gangi getting $1.6 million dollars is a really bad joke! Quality Health & Roberta K from the UAE getting exclusive rights and $400k is an embarrassing joke! Every reseller deal ever made has been a total joke! Products on the website are a joke! The crooked members of the BOD are a disgraceful joke! All quarterly and annual reports are a sad joke! The CFO leaving after 30 days and then the audit firm resigning right after the CFO resigned is NO JOKE!!!! The joke will be on MDLG!!!! MDLG MUST GO!!!! MDLG WILL GO!!!!!!!!
Hemaygo, here is what I suggest. Board of Directors must pay attention! BOD has a FIDUCIARY RESPONSIBILITY to represent US shareholders. MDLG answers to the BOD and they SHOULD be representing US shareholders! Is Dr Al Carlson and the 3 other BOD members serving all of us shareholders or are they serving MDLG and each other? Everyone knows MDLG serves at his own pleasure! Dr Al Carlson and the two new board members have the power to FIRE MDLG and approve his replacement. Do the RIGHT thing and replace MDLG before he escapes with OUR remaining money to the UAE with Roberta Kale & DDLG! MDLG MUST GO and the BOD MUST REPLACE HIM! We shareholders must be properly represented by the BOD!
MDLG needs to also do a SH conference call with Joe Gangi. Let him explain to shareholders his business accomplishments and why he deserves $1.6 Million of OUR dollars! What has Joe Gangi accomplished at “The Cipher Team” since the 2018 announcement? It would seem he’s accomplished nothing as there are ZERO new government deals announced. This looks like an really stupid deal made by an incompetent Chief Executive Officer. It is most likely a highly suspicious arrangement with another UNKNOWN entity made by a Criminal Engagement Officer WHY is MDLG PAYING unproven people to TRY and do what MDLG cannot do (sell software for revenues). Cut the crap MDLG! We are tired of your schemes! We have seen more than enough money drained from OUR bank accounts to YOUR bank accounts and to YOUR family’s bank accounts and to even to YOUR mechanics bank account! We demand you to step down as CEO & stop defrauding & abusing us shareholders!