Data443 Risk Mitigation Inc (ATDS)

[nodummy]

Zoran Cvetojevic and Colm King are both linked to the old owners of the LDSR shell from back when it was a Nevada entity.

This 8K looks like it was done by the former owners of LDSR from before the shell was hijacked.

https://backend.otcmarkets.com/otcapi/company/sec-filings/12675876/content/html


Keep in mind that LDSR is still a Nevada entity. The Nevada entity was never revived.

https://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=n07YicCFnq0ZhR%252fMfyt37g%253d%253d

As the 8K states, William Bill Alessi (the hijacker), gained control of the shell by filing a complaint for declaratory judgement and other relief against the control shareholders in Mecklenburg County, North Carolina. The old owners claim that the North Carolina court had no jurisdiction over the entity.

Even if the Mecklenburg County ruling does stand, William Alessi failed to revive the entity and place himself as the control person.

He goofed up by making a new entity by the same name in North Carolina then filing a merger document saying that he was merging the Nevada entity into the North Carolina entity. Obviously no merger took place since the Nevada entity is still revoked. The merger document filed with the North Carolina SOS was fraudulent because no corresponding merger document was filed at the Nevada SOS.

Jason Remillard bought the new North Carolina entity. He did not buy the old Nevada entity which is still the true entity for the LDSR shell.


I do know that the old owners had been tweeting about how the shell was illegally hijacked. This 8K is evidence to me that the old owners are not done disputing the ownership of the LDSR shell.

I guess we'll have to see what eventually comes from the ownership dispute.



Ownership dispute aside, yes, LDSR does have a $125,000 convertible note in the name of Emry Capital. This is the first time that Emry Capital was disclosed as the owner of the Note. Up until now I was suspicious that maybe William Alessi created the Note and might have been the owner.

So who is Emry Capital? Emry Capital is owned by the owner of the Minny Mar Group (the former owners of the LDSR shell).

The LDSR OTC filings listed the conversion rights for the note at $.00005/share which would have been 2,500,000,000 free trading shares of stock.



The 8K says $.0001/share which is 1,250,000,000 free trading shares. Still a ton of future dilution, but much better than 2,500,000,000 free trading shares.


And according to Zoran Cvetojevic, LDSR also has $594,000 in long term debt and interest on those Notes amounting to $1,000,000 in total debt that was left off the balance sheet.

The Company has taken loan from Emry Capital before 2008. The North Carolina Company ignored the inclusion of debt of $500,000 which has now been restated in 2016 by increasing accumulated deficits and long term loans. This loan includes two notes amounting to $500,000 and one for $94,000. Together with interest it now amounts to $1,000,000 being interest rate of 12% per annum

Now I don't know if the old owners have any jurisdiction at this point to get that additional $1,000,000 in debt added to the balance sheet or not.

What is clear is that there is a major dispute over control of this shell and the existence of old debts. That is not good news for Jason Remillard.

Jason Remillard obviously bought himself a much more toxic shell than even the biggest critics realized.

The disputes will no doubt lead to delays (if not the outright denial) by FINRA for a name/symbol change.