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clok-em-dead,Thanks for posting that and keeping us informed. It's good hear they are actually implementing it.Yes, it needs to get acceptance by larger audience but it is a start. Now we need to see how much is actually being sold and await the next 10K to see if it is a number that is meaningful $.
By throwing the carrot out there that they will up-list it makes the people who are in have hope and people who are not in think there is something about to happen. It also gives them more time to squeeze the money that is left out. Here's an idea, make an announcement that a contract has come in and show a significant revenue from it and the stock will be worth looking at again. At this point it is just a paycheck to the employees and a tax loss to the investors.
I hear ya. If they announce sales over 500k I will become a believer but an in-person shareholders meeting is just ridiculous unless your up to something! or...you got nothing and don't want to field questions. The vote is closed Sept 12th and the meeting is the 13th. If they had good news, they would be putting the vote out after the meeting, not before in my opinion.
I was just contacted by Michael Segree that works for Kingsville Advisors. they are doing a survey on what stockholders will vote this upcoming meeting. As I spoke before without and income, the company can't move forward the proposed stock split. It would have to be 20/1 to meet NSDQ and needs income. Compensation is not tied to performance and the only thing I would vote for is the same auditors as before. I called Cypherloc main # to ask why no outside connection to the meeting and guess what???? I got "Arizona Car sales". Their number is not even connected anymore....Here it is, try it yourself 866-401-6552
What a total sham this is. I'm disgusted and if I thought they had any money, I'd sue them but since they are almost broke, that would be a waste of time.
I hate to say it but you don't have a shareholders meeting without some internet presence (Zoom) or such unless you have nothing for the shareholders and want to get some dirty biz taken care of with little opposition or discussion. I've been to to many to know this is not a good way to endear us or give confidence that something good is about to happen. Sure, surprise us.....but I've been here to long to think they are not going to try something to enrich themselves once again. A zoom meeting is very inexpensive and allows transparency. Why not do it? No good reasons come to mind. Sorry to be a downer but that's my take.
I see but in this day and age you would think they would have a Zoom meeting to go with it. I'm baffled. I'm on them all day unfortunately and it's a pretty easy process to get everyone on so we can all get firsthand info and questions if they allow.
I see:
Meeting Information Meeting Type: Annual Meeting For holders as of: July 15, 2021 Date: September 13, 2021 Time: 9:00 a.m., Local Time Location: 6836 Bee Cave Rd, BLDG. 1, S#279 Austin, TX 78746
Not sure what I am missing? It says Sept 13 at 9am Austin time.
I'll be on the call if they list it. Should be if nothing else ....entertaining. As far as the ass DeLagarza, he has more than a few enemies and although he's overweight, there wouldn't be enough of him to left to kick just between us.I don't know if he is still in Vegas or has moved to Texas.
What shareholder meeting are you speaking of? Thanks
So is this letter stating they were turned down for a request to up list to NYSE or NASDAQ or what do you get out of it?
Thank you for the update. I was hoping for a better outcome but as usual.....
I didn't hear the webcast. I can't tell if your being serious or not. What was said? Is there revenue? Please elaborate. Thanks
They actually need $3 plus revenue and assets. Reverse is a waste of time if there is no sustainable revenue. Everything else is just dressing for the king with no clothes.
What are the rules to be listed on NASDAQ?
Shareholders Equity of at least $2,000,000.
At least 100,000 shares of public float.
A minimum of 300+ shareholders.
Total assets of $4,000,000.
At least two market makers.
$3 minimum bid price of the company stock.
Public float market value of $1,000,000.
Knowing there is no money left there has to be another dilutive raise in funding once again. Before the announcement usually there will be a PR piece that they are expecting a big contract and it will be any time now. There will be a funding afterward and then somehow the contract never materializes. Oh...and then the board issues shares and or a raise to the principals and they go on. We've seen this over and over in this company. For once, please prove me wrong. It doesn't seem to matter who runs this company, they all know how to pump and drain. The only positive I see so far is they haven't pumped like DiLegarza did. I guess the time is running out and they may be going for crumbs now. Let's get an announcement that they actually have a contract and a dollar amount that is substantial so we know someone is actually doing something,Please prove me wrong for a change...Make my day!!!
I can understand no announcements when there is no news but to keep the shareholders in the blind till after a vote with no explanation of where we are, where we are going and what the game plan is seems like,lets get the money and squeeze it till it bleeds. No legit company loosing money with no game plan stated gives allotted shares to officers without a some sort of performance stated. You can only do that when you are making money or projected to make money. Please vote no shares to the present officers. It will only fuel their non communicative actions.
They may have bought licenses in advance in bulk and will sell them as the clients order the product.
So, is this offering to pay their salaries/bonuses? Just trying to figure out specifically where it is going. Since this is separate from the Paulson deal, I am confused at this point why they are getting more money for them personally besides their normal compensation. I would think it should be performance based at this point. I would appreciate any knowledgeable input.
16. Use of Proceeds
Provide the amount of the gross proceeds of the offering that has been or is proposed to be used for payments to any of the persons required to be named as executive officers, directors or promoters in response to Item 3 above. If the amount is unknown, provide an estimate and check the box next to the amount.
$ 435000 USD
I agree, it's great that someone wants to buy the shares at double the rate before. The question is still out there, what do they know that we don't or what was told to them that has not been told to us investors who have born the brunt of years of lies awaiting a return??? Once again I say something stinks here. I've had MLDG in our office a few times and heard the BS. What is coming out now?
At least we have some sort of technology behind this product. I have no confidence in crypto and still can't understand where it derives it's value except the black market where it sometimes still survives. Hey, I've got this great piece of air and I'll sell it to you for $ if you'll agree to buy it. Then you can sell it to the next guy for what ever you think he's sucker enough to buy it for...until the ponzi scheme falls apart or there are no chairs left. LOL
Nothing wrong with that. It's their money. I'm suspicious as to why somebody is buying shares at .50 when thy were giving them away at .28 last week and no one wanted them. No $ news except delusion and another few months of salaries paid. Of course we all hope they sell something but at some point you have to say, which we have all said by now" show us the money", not just lifelines and hopes. Just to many behind the scenes games being played. We are the last to know and it shouldn't be that way.
This just keeps getting stranger and stranger. I've watched other stocks get manipulated like this and now sit back and watch instead of getting bit. We know .18 minus a warrant price (not sure what the warrant price is)is the going price for 2 shares till something actually is sold. Not sure I understand this volume and price movement.
What exactly does this amended statement mean?
Thanks for clarifying. I wish him the best and, of course hope it benefits CLOK. Still would like to know his company's financials so we know if he has a going concern or is going to burn out before release. I learned the hard way to always check both sides of the equation for loose ends. They come back to bite you after they promise the moon. Don't get me wrong, I want this company and his to succeed and also know there are hundreds of companies selling cyber security in different forms that are making money. This company is buried in a pile under a heap of bad publicity still and it will take among other changes, accountable mgmt, funding, name change, a new market maker to push the stock out there and most of all..a proven product that companies believe is comparable or better than the other stuff they are using. Lets face it, the other companies got in the door somehow. If this product has the goods, they should want to sell it too! My company deals in security and we constantly look at new products to take on if it fits. This company may have a good product but once you've had a bad oyster, and in this case, more than once, it takes quite a while for you to try another one. Especially from the same batch.
I'm not sure what this actually means? Obviously the company has no website. Why would they put one there unless they are trying to be something they are not to create a false impression that they have these employees and whatever? Not a good way to start a PR campaign. How many people work for this firm? Any revenue? What other products do they have? Do they have funding to move forward with these projects? These are the questions to ask and then we can judge what the worth of the business might be going forward.
I believe you believe that but how do we know that. Not 1 webcast/communication with question and answers being offered. Not what you would call transparency and you can't say they are so busy that they don't have time. I see it as they don't respect the fact that shareholders are the ones funding their salaries at this point and need to account for it, not only by producing but also by informing so we can understand how they intend to grow this company and not just throw more money at PR's that have no substantive value at this time. Telling us, their working with another company that doesn't even have a finished website and looks like it was put together in a moments notice is not exactly encouraging.Not to be all negative, I do agree with you about the cost cutting to stay afloat.
The problem is I am not positively sure of anything with this company. I've been in it since the 90's with Medcom. Seen the games, been through lawyers and heard many stories straight from the horses mouth. New horse, same outcome so far. want to see proof. Nothing else matters, not pending contracts, not testing, not new platforms...bla bla bla. They are on life support and it's dead money till it brings revenue. It's a small investment for me but being burned by DeLagarza is personal and he knows it. The next guy is just the next person in a string of nexts until he has proven his worth by creating revenue. Until then everything is vapor to us and a paycheck to them.
They need to raise money and one of the ways to do it is to show they are making progress. This PR is only good if it brings in money and can be done before they need to raise money. I commend the mgmt if it comes to fruition. Because of their track record, no beneficial financing will be given to this company if that doesn't happen. It doesn't work any other way. They need to prove sales or else this is just another shot at raising capital with another smoke screen. Don't be fooled. I've been here to long not to know a wash and repeat when I see one. I hope for the best but plan for the usual.
Before getting our hopes up, we might want to read who we are getting involved with first.
https://castle-shield.com/our-team/
They don't even have bios. I smell a fish and don't like what I see so far.
They will probably bankrupt the company and sell the shell again for the NOL. They will do a new SPAC and make more money on the next company.
He stole, lied and cheated a lot of money from me and unfortunately for him, a few of my acquaintances. He still has a lot of stock and we had to sue him to get some of it back.
Yes, I want this company to succeed in every form and wish the new mgmt the best. They and I will still want repayment from DeLagarza at some point and want him to know it doesn't go away just because he is not there. Now I have finished my rant and would like to also see some contracts come about before the end of the year so we know this company can actually achieve positive cash flow and not look for more funding to dilute it into oblivion!
Doesn't he still have over a million shares?
Just a FYI on JCI. Our company has a lot of experience with them and vendors like them. In order to make a sale, CLOK will have to have someone walk the sales person through the sale with the client first. JCI will have no idea how to sell this product. I know from first hand experience. It will sit with the rest of their products in their bag of wares. It has to be a no brainer for them to sell and this is not. Remember, they have hundreds of products and have had years to learn most of the others. This is specific and new to most so it needs a lot of hand holding and most of all, a push from the JCI side upper mgmt to sell it. Let's see what happens. I hope for the best but fear the worst as human nature is to sell what they know and low hanging fruit. I hope they have a good training course in place or it will sit there until it is feed to them or mandated. This is where Chasteen needs to put his emphasis on in order to get this product noticed and utilized. Make it a plug and play, easy to explain and high profitability for JCI sales compared to what they may have in their bag now.
Don’t get to excited. It just means they can sell the product. The only thing that matters is sales. Nothing will make the company or price change until sales come in. They already have resellers and still no sales. I wouldn’t jump until they “show me the money” as the saying goes
No one believes this company because of it's past. They are going to have to post some contracts and amounts before we see a change unfortunately
Call:
Matt Kreps
Darrow Associates Investor Relations
Phone: (214) 597-8200
Email: mkreps@darrowir.com
work him for answers. He's the only one I've had luck with getting communication with. We can compare once communicated
We need to know who has the controlling interest in this stock to understand the motivations of this piece of information. Maybe an investor webcast is in order with updates and explanations. Sounds to me like he made a deal and 5% will be his commission.I don't mind it if he negotiated a premium. Need more clarification.
I'm sure there will be more to this story as this just freed the company to do business. He has a deeper trench to fall in still.
I am wondering the same thing. Got a lot of very informed posters on it with great insight.
I too have taped recordings and yes, it is a waste of time to think the SEC will move on this. Not because there isn't proof but because there are hundreds of companies doing the same every day in this arena. The SEC only goes after the big money and news headlines. Unless it reaches one of their thresholds, they ignore. There will be a time that this info will be asked for and applied.
Ted, you post is spot on