Data443 Risk Mitigation Inc (ATDS)

[trader59]

Man, what a mess he's created here:

On December 18, 2017, the Company applied for and was approved for a Change of Name to Data443 Risk Mitigation, Inc. by filing Articles of Amendment with the North Carolina Department of State. The Company’s name change is related to a merger transaction between the Company and Landstar, Inc., a Nevada corporation.

That's from the latest quarterly:

https://backend.otcmarkets.com/otcapi/company/financial-report/193888/content

As is this:

Merger
On July 12, 2017, the Company’s prior management filed Articles of Incorporation with the Secretary of State in North Carolina, forming a company called “Landstar, Inc.” Also on July 12, 2017, the Company’s prior management filed Articles of Merger with the North Carolina Secretary of State, indicating that the Company merged with Landstar, Inc., a Nevada corporation (“Landstar-NV”), with the Company being the surviving entity (the “Merger”). Under the terms of the Merger, it was the intent of the parties that the Company would assume Landstar-NV’s status as a publicly-quoted company on the OTC Markets.
During the period ending March 31, 2018, while preparing documents to file with FINRA to effect the corporate changes that occurred as a result of the Merger, current management of the Company became aware that the Merger may not have actually been fully consummated since Landstar-NV was not technically an active entity in good standing in the State of Nevada at the time of the Merger. In order to ensure the Merger was consummated correctly, the Company, Landstar-NV, and both companies’ management are in the process of ratifying the merger transaction with the States of Nevada and North Carolina, and will then file an Issuer Notification Form with FINRA asking FINRA to recognize the merger transaction, with the corresponding change in domicile from Nevada to North Carolina, and the name change to Data443 Risk Mitigation, Inc.

So in his financials, the CEO is acting for the North Carolina entity, and it is merging in the Nevada entity. Now, *poof*, decided not to do that, and, oh, by the way, we're really the Nevada company.

He and his lawyer have a lot of paperwork to do. A lot.